Step Hero And Kyber Collaborate to Optimize Liquidity for the $HERO Token
Step Hero has chosen the highly capital efficient KyberDMM DEX for better token liquidity on BSC, with $150,000 in $HERO and $KNC liquidity mining rewards.
As of September 1, Binance Smart Chain (BSC) users now have another DEX and liquidity source to choose from — KyberDMM, which brings both capital efficiency and optimized returns to BSC liquidity providers and token traders. To kick off this macro initiative to bootstrap the liquidity and adoption of KyberDMM on BSC; KyberDMM and BSC jointly launched a two-month long ‘Rainmaker’ liquidity mining campaign on KyberDMM, with $4M in rewards to incentivize strategic pools that are foundational to both trading and Dapp usage on BSC.
As part of this strategic initiative, the Kyber Network community has been voting on promising projects on BSC to increase both the number and liquidity of key token-pair pools on KyberDMM as well as incentivize them with attractive liquidity mining campaigns. These joint initiatives with key projects are starting with the launch of a liquidity mining campaign with Step Hero, via our HERO-BNB pool.
KyberDMM DEX allows $HERO LP’s to maximise the use of capital via:
- Amplified Liquidity Pools with extremely high capital efficiency; less tokens required to achieve better liquidity and rates compared to AMMs.
- Dynamic Fees that optimise returns for LPs.
- Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.
From ~September 16 at 21:00 GMT+8, liquidity providers can add any amount of liquidity to the HERO-BNB pool on KyberDMM on BSC to unlock their share of the $150,000 in $HERO and $KNC liquidity mining rewards over the next two months.
$HERO can be staked to receive NFT’s and be used in-game as incentives and for other functions such as purchasing mystery NFT chests and summoning two NFTs to have a new one. $KNC rewards can be added into the KNC/BNB pool for extra liquidity mining incentives, or staked on KyberDAO for additional KNC rewards.
- Starting Time/Block: 10964900
- Reward: ~$150,000 in KNC and HERO
- Campaign Duration: ~2 months
- Vesting: ~14 days
- KNC token address (BSC): 0xfe56d5892bdffc7bf58f2e84be1b2c32d21c308b
- HERO token address: 0xE8176d414560cFE1Bf82Fd73B986823B89E4F545
How to Farm $KNC and $HERO
- Visit KyberDMM
- Switch Network from Ethereum to BSC
- Visit the Pools page and add liquidity for the eligible HERO-BNB pool (you will receive LP tokens representing your pool share) <link to pool>
- Go to the Yield page and stake your LP tokens on the HERO-BNB farm. You will start receiving KNC and HERO rewards, which can be harvested anytime.
- Claim all harvested and unlocked rewards after 14 days (14-day vesting starts each time you harvest rewards).
BONUS Rewards: $3,000
Kyber and Step Hero are not stopping at $150,000, though! There is another exciting incentive for HERO-BNB pool LP’s and community members.
From September 17th, 23:59 to September 30th, 23:59 GMT+8
- $2,000: 4 lucky LP’s will be randomly selected to win $500 each. Just add ANY amount of liquidity in the HERO-BNB pool. Liquidity has to remain in the pool until at least Sep 30th, 23:59 GMT+8 to stand a chance to win. Note: Start adding liquidity right now to be early!
- $1,000: 5 lucky winners get $200 each for retweeting the contest tweet #KNCHERO and completing basic tasks on Twitter.
- Follow @StepHeroNFTs @KyberNetwork on Twitter
- Retweet the contest tweet with the hashtag #KNCHERO
- Join https://t.me/stephero_chat/ & https://t.me/kybernetwork/
About Kyber Network
Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources (e.g. KyberDMM) to provide the best token rates to takers such as Dapps, aggregators, DeFi platforms, and traders.
Through Kyber, anyone can contribute or access liquidity, and developers can build innovative applications, including token swap services, decentralized payments, and financial Dapps — helping to build a world where any token is usable anywhere.
Kyber is powering more than 100 integrated projects and has facilitated over US$6 billion worth of transactions for thousands of users since its inception.
About Step Hero
Step Hero is a lucrative NFT fantasy-themed RPG game on BSC and Polygon. The Step Hero ecosystem is the perfect combination of NFT gaming and DeFi that enables users to have fun and earn profit simultaneously. The comprehensive ecosystem is made up of a fantasy-themed role-playing game with attractive gameplay, a cross-chained NFT marketplace, NFT collectibles, and the HERO token. Moreover, Step Hero also provides a social network experience with a supportive community.