Cicada: New Sofa Earn Yield Competition!

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Summary

Cicada is launching a new Sofa Earn Yield Competition to replace the bi-weekly Threads & Memes contests. Participants can use their rtCIC holdings on Sofa Earn to make trend predictions on BTC/ETH, benefiting from principal protection and the chance to earn high APRs. The top yield earner every second and fourth week will win 50 USDT, encouraging community engagement with this new yield opportunity.

Hey ,

Starting this month, the weekly Threads & Memes contests will run only on the 1st and 3rd weeks of the month. Instead, we're replacing it with a yield competition with Sofa Earn. Here's why and how you should participate:

๐Ÿง  Why participate:

  • You can use your rtCIC holdings at SOFA Earn to make trend predictions (options trade) on BTC/ETH. Why trade on Sofa with rtCIC?
  • Your principal is always protected with the "No losses" mode. This means that even if you lose your trade in Sofa, your original balance/deposit won't get deducted. The trades are funded using your future yield accumulated during the trade's timeframe.
  • If your trend prediction is correct (example: BTC bullish next week, BTC bearish tomorrow, etc), then you will earn lucrative yield (up to 10,000% APR)
  • The best yield earner (submissions in the #โ”œ๐Ÿ›‹๏ธใƒปsofa-earn-submission) win 50 USDT every 2nd and 4th week of the month!

โ“ How to participate:

  1. Make sure you have some rtCIC and if you don't, you can buy the token via: https://cicada.finance/market/swap?token=CICADA
  2. Go to https://dapp.sofa.org/products?project=Earn&chain-id=56 and from there, you can explore the dAPP and predict trends within tokens such as BTC/ETH.
  3. The UI is pretty straightforward and simple. This is best used by users who trade in the crypto markets.
  4. Take a screenshot of your winnings (after some time or if you think that the APR is high enough) and post it in #โ”œ๐Ÿ›‹๏ธใƒปsofa-earn-submission
  5. โš ๏ธ Disclaimer: This announcement is for educational purposes only. Nothing here is financial advice. All forms of investment come with high risks such as losing everything. Do your own due diligence.

Cicada: New Sofa Earn Yield Competition!

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