[Announcement] 🔊Oceanpoint v0.3 is now live! Dear community, we are excited to announce that Oceanpoint v0.3 is now live 🚀 The main feature of v0.3 is the introduction of liquidity pool staking. The liquidity pools are designed to be user-friendly and accessible by linking the Oceanpoint UI with liquidity pools on other DeFi protocols. Anyone is now able to provide liquidity to the protocol and passively increase their holdings of BST. Liquidity pools are a key component of decentralized finance (DeFi) protocols, where users can deposit their funds into a shared pool to provide liquidity for the protocol. Liquidity pools allow for the efficient trading of assets by matching buyers and sellers in real time. In return for providing liquidity, users are issued tokens that represent their stake in the pool. These tokens can be traded or held to earn rewards. What to do now? Step 1: Deposit liquidity pool assets Go to

app.oceanpoint.fi

Connect your wallet (e.g. MetaMask) holding both assets of the Liquidity pool e.g. BST:ETH. Make your deposit by clicking on the add liquidity button provided on the Oceanpoint web interface to move your assets to the Uniswap Liquidity pool protocol. (Please note, for security reasons, adding liquidity is not yet directly supported through the Oceanpoint interface, but needs to be executed through Uniswap.) Step 2: Receive Liquidity Provider (LP) tokens LP tokens represent the underlying digital assets e.g. ETH and BST in a liquity pool. When you initiate a deposit of assets to a liquidity pool on a third party exchange like Uniswap, the protocol will issue LP tokens in return to mark your position in the pool. Instead of simply holding them in your wallet, Oceanpoint enables users to stake them to earn extra rewards in BST via staking. Step 3: Stake your LP tokens to earn BST Oceanpoint will deposit your received LP tokens into staking contract designed for LP staking. In return the user receives sLP — a “staked” version of the same LP token. As the Liquidity pool accrues more BST (liquidity mining, rewards, asset revenues), that staked LP token will grant more of the underlying reward asset. Watch out for the booster! The longer you stake, the higher your rewards. (1 month 1.6x, 3 months 2.4x , 6 months 3.2x , 1 year 4x). To exit the pool, simply send your sLP tokens back and you will receive the underlying assets together with the accrued BST rewards. Please note, while your funds are in the pool, you will not be able to move your staked LP tokens to other wallets you control. If you experience any difficulties, please reach out to our community support or open a ticket in Discord help-desk. Happy staking!

[Announcement] Oceanpoint v0.3 update: Whitelist-2 on Discord now open for all community members Hi @everyone, We are now ready for the next step: onboarding our community before we go public. ✅ Beta testing passed ✅ Feedback is positive 👨‍💻 Executed minor fixes 🦸‍♂️Priority access for our community ⏳ Go LIVE and launch public UI tonight We are now giving you all access to the new v0.3 UI and you can start adding liquidity to Uniswap using the Oceanpoint interface, and depositing your LP tokens in the liquidity pool. The first pool rewards will be distributed tonight. Our beta testers are here to help our community if you have any problems onboarding. You can access the channel here 👉

discord.com