Cicada: New Sofa Earn Yield Competition!
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:
๐ง 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 #โ๐๏ธใปsofa-earn-submission) win 50 USDT every 2nd and 4th week of the month!
โ How to participate:
- Make sure you have some rtCIC and if you don't, you can buy the token via: https://cicada.finance/market/swap?token=CICADA
- 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.
- The UI is pretty straightforward and simple. This is best used by users who trade in the crypto markets.
- Take a screenshot of your winnings (after some time or if you think that the APR is high enough) and post it in #โ๐๏ธใปsofa-earn-submission
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โ ๏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.
