Amara Latest Progress from July to October
In the past months, the Amara team has been working hard to improve the product and prepare for the product launch.
MARA/USDT Trading Campaign
In the beginning of September, Amara held a trading campaign on Galaxy, where users could trade MARA/USDT on BSC to claim NFT and the first 500 addresses with a minimum of 10 USDT would receive 5,000 MARA each. The event was warmly welcomed by the community. 1000+ transactions were achieved during the campaign.
AmaraStake Extension Announcement
In order to thank the community for their support, Amara decided to extend the staking function. AmaraStake, which was scheduled to close on Sep. 25, is now still open to users. Users can keep your MARA staked. The community will be informed when Amara decides to end this feature.
AmarLend officially launched on BSC with a 10 million MARA incentive event
On Sep. 23, AmaraLend officially launched on BSC. To date, Amara has launched AmaraLend and AmaraLink.
AmaraLend is a lending product that can support the lending of stablecoin USDC and USDT and the staking of LP asset BNB-BUSD. Users can gain MARA by depositing and borrowing. AmaraLink is Amara’s bridge that can support cross-chain transfer between Moonriver and BSC.
At the same time, Amara launched the incentive event. AmaraLend users can claim NFT and have a chance to receive extra rewards. Now the event is in full swing!
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.