ApeSwap’s HotDeFiSummer Event Comes to a Successful Close

The final round of the HotDeFiSummer event was a huge success, featuring numerous outstanding accomplishments.

By
Utulu Hope
on
September 4, 2021
Category:
BSC News

The End of The Road 

ApeSwap has concluded the last stretch of its HotDeFiSummer campaign. The program features the best Decentralized Finance (DeFi) projects on Binance Smart Chain (BSC), and ApeSwap earlier announced that the last round would feature exciting innovations. 

The Decentralized Exchange (DEX) protocol lived up to expectations as many incentives were introduced in the HotDeFiSummer event held in August. ApeSwap lauded its achievements in the final round, expressing delight at the huge success acquired. The BSC-based protocol announced the successful HotDeFiSummer conclusion via Medium and Twitter on September 3rd. 

“#HotDeFiSummer Concludes,” the Medium writes.  “It’s been another crazy month in the Jungle! From the IAO007 with Dragonary of our Auto Compounding Burning Vaults, we could never have predicted a better end to ApeSwap’s #HotDeFiSummer."

The Medium also summarised the number of achievements recorded in the recently concluded event. BSC News, on 9th August, revealed some of the exciting innovations on show in the August edition of HotDeFiSummer. ApeSwap has completed every of the promised plans for the event, except for its updated homepage. Be that as it may, the event was a huge success. 

Source

HotDeFiSummer Round-up

As stated in the Medium, ApeSwap recorded numerous accomplishments from the August HotDeFiSummer experience. 

Here are some of the notable achievements: 

  • Dragonary Initial Ape Offering (IAO): ApeSwap kickstarted the HotDeFiSummer event by hosting its seventh IAO featuring GameFi partner, Dragonary. The Medium shed more light on the successful IAO with Dragonary. 
  • New Trading Pairs: ApeSwap added 15 new trading pairs in August, bringing more top-notch projects for users to maximize their yields. 
  • Banana Token Burn: The $BANANA is ApeSwap’s native token. The DEX published that over 1.4 million $BANANA were burned in August, ensuring that its value appreciates. 
“We started off the month with an absolute bang with our new GameFi partner Dragonary’s Initial Ape Offering to oversubscribe by 9000% across two offerings. Tokens will vest in 25% increments over 3 months, with the original price 40x’ing upon launch. Dragonary is now an official selection for MVBIII,” ApeSwap said about the successful Dragonary IAO OO7. 

August was productive for ApeSwap as the protocol crossed $700M in Total Value Locked (TVL) and exceeded 250K followers across social media platforms like Twitter, Discord, Instagram, Medium, and Telegram. 

With the new landing page/Homepage under construction on top of the HotDeFiSummer success, the year 2021 will be one to remember for users. Additional accomplishments are listed in ApeSwap’s Medium post. 


What is ApeSwap? 

ApeSwap is a top name in the BSC network. It is the leading DEX on the fast-growing network, which offers the best trading experience. ApeSwap is a blend of a decentralized exchange, yield farming, staking, and an automated market maker (AMM). 

Users of the protocol are advised to partake in its liquidity pool offerings through its yield farming options to earn its native BANANA token. What’s more, these earned tokens can be used to stake and earn other tokens and unlock deluxe features. 

For more information about ApeSwap, visit the platform's media links:

Website | Twitter | Medium | Telegram


Tags:
Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.

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