Amara Latest Progress from December to March
For the last few months, Amara has achieved joyful progress both in products and markets. We have improved AmaraLend and AmaraLink, and developed a new function — Amara Stake. In the Market, Amara has finished public sales, launched MARA token and was listed on MEXC, etc.
Chapter 1 Technology development
AmaraLend
In March, we finished the test work of AmaraLend DeFi2.0, including the internal test on BSC testnet with a performance in line with our expectation. At the same time, the auditing of DeFi2.0 is on our schedule. It will be announced in the community after we receive the response from the auditing institute.
Based on the progress, AmaraLend v2 will be deployed on BSC and Moonriver in April or May.
AmaraLink
AmaraLink adopted Chainsafe as the cross-chain solution. Because some security breaches were exposed in the previous test, we reconstructed the codes and fixed some bugs to make the chain crossing safer.
Updated AmaraLink has been tested in the team, and we will speed up the development.
Amara Stake
Amara Stake is a core function developed recently and is deployed on Moonriver. Users can stake MARA to earn more MARA before the official launch of AmaraLend v2.
Amara Stake will be launched on our official website soon. Stay tuned.
Chapter 2 Ecological Operation
Public sale completion
Amara has finished public sales on Solarbeam, Synapse and Cobak with great success. On solarbeam, Amara achieved an overflow of 154%. MARA was sold out in a very short time both on Synapse and Cobak.
MARA Token split before 8th March
Amara split MARA at a ratio of 1:10 before 8th March. Originally, the total supply of MARA was 150 million. After token split, it is 1.5 billion with the total value unchanged. Users participated in IDO and airdrops received MARA in the standard of split token. Split $MARA will officially become the governance token of Amara Finance, and will be empowered with more rights, including governance, earnings, etc.
MARA / USDT trading pair is listed on MEXC
On 9th, March, Amara was officially listed on MEXC. It’s a milestone for Amara. MARA, Amara’s token, can be traded on the market from that day on. Users can check the chart via the link.
MARA will be listed on other exchanges too. Stay tuned.
The MARA/MOVR liquidity incentive on Solarbeam has been turned on.
MARA/MOVR liquidity incentive on Solarbeam is still live. Users can add LP in MARA/MOR farm and draw daily rewards. For more information, please check Amara’s tweet:
https://twitter.com/AmaraFinance/status/1501761557403176962
Amara is included by CMC
Amara is successfully included by CMC (CoinMarketCap), indicating that Amara’s technology, products and ecosystem are recognized by the global blockchain market. It’s a new step to the world for Amara.
Airdrop claiming
Amara started the airdrop claiming after MARA was launched. It covers 3 airdrop events held by Amara, airdrop in June, Halloween Candimara exchange and AmaraLend Beta Campaign. Claiming is open until 1st May, 2022. If you have any problems in claiming, please contact Amara team via official channels.
Ambassador Rewards Distribution
Amara has finished the distribution of ambassador rewards session 1. This time, we mainly gave rewards to ambassadors who kept active for the last few months and helped to manage the communities. For active ambassadors, we calculated the points based on the submitted tasksheets and picked those whose points are more than 100.
About Amara Finance
Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world. Amara’s core products include: AmaraLend, a multi-chain deployed lending protocol focusing on long-tail assets; AmaraLink, a multisig cross-chain bridge connecting Polkadot and off-DOT world; AmaraPay, an aggregated payment gateway protocol responding swiftly across the world.
Follow Us
Website：https://www.amara.link/
Discord：https://discord.com/invite/rhkyBmmCBf
Telegram：https://t.me/AmaraFinance
Twitter：https://twitter.com/AmaraFinance
Medium：https://amara-finance.medium.com
E-mail：amarafoundation@amara.finance
