Ontology Expands Yield Farming Initiatives With $225,000 ApeSwap Partnership

Rewards are live, and farms between ApeSwap and Ontology are working together once again.

By
Ahamdi Abarikwu
on
September 9, 2021
Category:
BSC News

New Ontology Farms Go Live On ApeSwap

Decentralized identity and data blockchain, Ontology, has broadened its community's yield-farming options and has over a quarter billion dollars for the taking. 

In its latest initiative, Ontology is again partnering with ApeSwap to give users of both platforms an opportunity to yield-farm and earn juicy rewards. On September 8, Ontology disclosed the rewards on offer in a Twitter announcement:

"We can't get enough $BANANA so we're back again w/ @ape_swap! $150k $BANANA + $75k $ONG up for grabs!"

The partnership follows a previous yield-farming event in collaboration with ApeSwap that occurred in April of this year.

Source 

Multiple Farms Available For The Community

Two farms will be available to users in the current activity. In a Medium post on September 7, Ontology gave the farms' details as follows:

  • Liquidity Pool

Users who provide liquidity in ApeSwap's ONG-BNB liquidity pool will earn $BANANA token. The farm will be active for three months, beginning from September 7. A total reward pool of 32,000 BANANA worth about $150,000 will be distributed to farmers during the period.

  • Staking Pool

ApeSwap has set up a staking pool for Ontology's ONG token. From September 7, users can earn ONG tokens by staking ApeSwap's BANANA token in the pool. The total reward for the pool is $75,000 worth of ONG.


Bonus, Bonus, Bonus

In a triple treat for yield-farmers, Ontology will run an ONG lottery as a limited-time bonus. To be eligible for the lottery, users are required to:

  • Have ONTO Wallet. Here is a guide on how to download and set up ONTO Wallet. 
  • Stake at least $20 worth of ONG-BNB in the liquidity pool between September 7 - 10. 
  • Maintain their stake in the pool till at least September 14, 23:00 UTC.

One hundred users who meet the requirements will be chosen at random. Each will win 20 ONG.

Ontology has now done three yield-farming campaigns with ApeSwap - two on Binance Smart Chain and one on Polygon. As the two platforms continue to collaborate, their communities would surely be happier for it. 

Source 


About Ontology

Ontology is a high-performance blockchain with a specialty in decentralized data and identity. The platform has a suite of solutions that optimize the security, speed, and trust of data.

Ontology enables users to have an encrypted, decentralized digital identity that fully protects their private data.

Interested in knowing more about Ontology? Visit these official links:

Website | Whitepaper | Medium | Twitter | Reddit 

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Ahamdi Abarikwu

Ahamdi Abarikwu is an Electrical Engineer and a lover of anything crypto. He is also an avid writer, proofreader and editor. He loves to play Scrabble in his spare time.

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