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LandX PWNDAO Competition
Following LandX’s partnership with PWNDAO we are kicking off our competition.
Today - Competition Starts
September 7th - Closing Date
September 11th - Winner Announcements
The top three spots according to total profit earned will be eligible for prizes paid out in real mainnet USDC!
A $2000 USDC airdrop of stablecoin tokens on Goerli testnet will be available to all users. User can use the faucet at https://testnet.landx.fi/
USDC from previous trading competitions is not applicable and users should use a new wallet if they had previously participated in LandX competitions.
The top 3 accounts to increase their portfolio value will win real mainnet USDC prizes.
1st - $1000 real USDC + Omega Role + LandX Swag + PWNDAO Swag
2nd - $500 real USDC + Omega Role + Swag
3rd - $250 real USDC + Omega Role + Swag
Users are required to use both LandX products such as the xToken vaults alongside PWNDAO’s borrowing and lending.
Here are some examples of how a user can use PWNDAO to trade xBasket tokens
Create A Leveraged Long Position
Purchase xBasket with USDC on Uniswap
Deposit xBasket to PWNDAO
Borrow pUSD using xBasket collateral on PWNDAO
Purchase more xBasket with pUSD on Uniswap
Create A Short Position
Swap USDC for pUSD on Uniswap
Deposit pUSD to PWNDAO
Borrow xBasket using pUSD collateral on PWNDAO
Token Contract Addresses
LandX USDC: 0x78d581B48275DD87179D578c42F246B7263fA6da
xBASKET: 0x5D556069e1e636D3f7855d0f77577A84eCc6beBD
pUSD: 0x40e3493A25D04909b40549FF8483831bAaAFcAA8
There is more information on using PWNDAO on their YouTube channel:
https://www.youtube.com/@pwndaoxyz/videos
The competition will close on September 7th at 12:00 (midday) UTC. Between the close and September 9th users should post their final balance calculations alongside their wallet addresses in the LandX “Lever-up” discord channel: https://discord.com/invite/landx
Winners will have their balances verified and an announcement will take place on September 11th.
If you have any questions and for full terms connect with us on discord https://discord.gg/landx
Also Happening At LandX This Week
🎙️The next chapter in DeFi
Check out the recording of farmers market with special guests from Retro Finance, Swell Network and Raft Finance
https://twitter.com/landxfinance/status/1685761444053155840
🏦 MakerDAO Allocating To RWA
As one of the biggest treasuries in crypto, MakerDAO is allocating capital real-world assets as a big part of the collateral backing the DAI stablecoin.
🎁 Community Spotlight
In our Community Spotlight, we are thrilled to congratulate @fastreadphone for being an exceptional member! Known as Flows, this farmer embodies everything we love to see with his friendliness, daily activity, vast knowledge and willingness to help others. As we approach our mainnet launch at LandX, Flows and our community members, ambassadors, moderators, and supporters play a critical role in ensuring a smooth journey. We are excited to continue this journey with superstar 💫 community members like @fastreadphone!
Learn more about how LandX can help you diversify your portfolio with inflation hedged assets that offer yield based on real world production
Website & App: https://landx.fi
Twitter: https://twitter.com/landxfinance
Discord: https://discord.gg/landx
Medium: https://medium.com/landx
Telegram: https://t.me/landxfinance
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