#HOTDEFISUMMER Comes to Hot Cross with HOTCROSS-BUSD LP Farm on ApeSwap and HOTCROSS Pool for GNANA Stakers!
Farm HOTCROSS-BUSD LP for BANANA, Stake GNANA for HOTCROSS
Last month we kicked off a 45-Day staking program on Cross Pool for Binance Smart Chain stakers to get BANANA simply by staking HOTCROSS into Cross Pool. We purchased BANANA off of the innovative AMM ourselves because we were insanely impressed with the team at ApeSwap and their work. They do things in a way that fits with our culture of building: serious but not boring. Humorous and fun but safe. They were also chosen as a Binance Smart Chain Most Valuable Builder II team along with Hot Cross. Our ethos has also been to grow the pie together, and among the other builders in the space, we felt that ApeSwap has something special.
The pigs at 🐷 Hot Cross and the apes at 🦧 ApeSwap have formed an official partnership on August 14th at 22:00 UTC with a HOTCROSS-BUSD LP farm for BANANA and a HOTCROSS pool for GNANA stakers. This introduces so many new opportunities to the Hot Cross community of holders and stakers, including:
Reduced risk of LP volatility with a stable base on one side;
A new reward asset in BANANA and, by extension, new staking opportunities on the ApeSwap platform and potentially Cross Pool for BSC;
A new LP token for HOTCROSS that we can utilize in Cross Pool to do cool things with rewards pools that we may not have been able to do before the partnership;
Exposure to GNANA to the Hot Cross community and in reverse exposure to Hot Cross and our suite of products on Binance Smart Chain by the ApeSwap community;
And finally, deeper on-chain liquidity for HOTCROSS, which for clever traders becomes an opportunity to understand that 0x has an API to find best-rate swaps on BSC.
The partnership definitely goes beyond liquidity. Our plans with ApeSwap for some time now have been to identify their strengths and weaknesses and see how Hot Cross can leverage ourselves as an infrastructure-layer project on Binance Smart Chain to bring value to an up-and-coming AMM.
This also includes education and highlighting some of the things that ApeSwap does differently. Their NFTs (which we care about, obviously), dual-token model, for-traders UI, and fierce culture buildup are attractive areas we can learn from and lead. In short, we’re stoked to have had such a brilliant last few months of friendship with ApeSwap and can’t wait to kick off the new farms with them. To read more about ApeSwap, hop into their docs page and give it a read!
🦺 Stay Safe and remember to check token contracts carefully. Here are all of the relevant token contracts that you’ll need to enjoy trading and staking on ApeSwap:
HOTCROSS-BUSD LP BEP20 (ApeSwap LP)
👋🏽 Reminder: you can still stake your PCS V2 HOTCROSS-BNB LP’s into PancakeSwap, Beefy Finance, Autofarm, and select Cross Pool pools. Tell a friend about @hotcross and @hotcrossann. It would really mean the world to us. Also, check out our Linktree page, which has lots of good information on it.
ApeSwap is a leading decentralized exchange (DEX) on Binance Smart Chain and Polygon focused on offering a premier trading experience. Users are incentivized to pool liquidity on ApeSwap through yield farming to earn the native currency, $BANANA. Additionally, apes can use their earned $BANANA to stake and earn other tokens and unlock exclusive features. Built by DeFi apes, for DeFi apes, ApeSwap has a dedicated team with years of experience committed to the DeFi community and growing the ApeSwap Jungle.
About Hot Cross
Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C. The core thesis that Hot Cross presents is that users and teams will migrate in part to new networks that feel familiar when presented with sufficient tooling and freedom. Hot Cross is a company and an ecosystem in and of itself, and our goals are towards allowing communities to flourish using our technologies, whether or not they know we are the ones building them.