The Chainge Earn Program is live on Syscoin Rollux

Chainge
5 min readSep 2, 2024

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We’re thrilled to announce that the Earn Module has expanded to the Syscoin Rollux chain, offering users an effortless way to grow their crypto assets simply by holding them on Syscoin Rollux. No lock-ups, no minimum holding periods — full ownership & flexibility + highly competitive APYs. With the Syscoin Rollux Earn program, you can instantly start earning rewards on your BTC, ETH, USDC and USDT holdings.

Why Earn on Syscoin Rollux with Chainge?

In the rapidly evolving world of DeFi, finding safe and lucrative opportunities to grow your assets can be challenging. The Chainge Earn module offers a seamless solution by allowing you to earn rewards on popular assets with daily claimable APYs. Whether you’re a seasoned trader or just starting, this feature is designed to maximize your returns while keeping you in full control of your assets.

APYs for Syscoin Rollux Across Multiple Assets

  • BTC: 8.2% APY
    Rewards are split equally between $BTC and $SYS
  • ETH: 10.4% APY
    Rewards are split equally between $ETH and $SYS
  • USDT: 16.24% APY
    Rewards are split equally between $USDT and $SYS
  • USDC: 16.24% APY
    Rewards are split equally between $USDC and $SYS

⚠️ Note: All APY rewards are distributed daily on the Syscoin Rollux chain.

Minimum Amounts Required to Earn Rewards:

USDT/USDC: Rewards are earned on amounts exceeding 100 USDT/USDC
BTC: Rewards are earned on amounts exceeding 0.0025 BTC
ETH: Rewards are earned on amounts exceeding 0.05 ETH

How to Start Earning:

In a nutshell: Hold BTC, ETH, USDC or USDT on Syscoin Rollux chain.

  1. You can bridge (or cross-chain swap) BTC, ETH, USDC or USDT to the Syscoin Rollux destination chain using dapp.chainge.finance or bridge.rollux.com
  2. If you already have any of these currencies on Syscoin Rollux, whether received from other sources or previously held, simply continue holding them

Program Objective: Increase Total Value Locked (TVL) on the Syscoin Rollux chain by holding USDC, BTC, ETH and USDT on Syscoin Rollux.

Rewards Collection:

  • Accrual & Availability: Rewards accrue daily and can be claimed at any time. The APY in SYS is provided by the Syscoin Rollux team and deposited into a designated SYS rewards vault. This setup allows for the double APY benefit. These rewards are refilled on a daily basis and will be claimed by users on a first-come, first-served basis.
  • Depletion Notice: If the SYS rewards vault is depleted, you can either wait until the next day to claim the full amount (USDC/USDT/BTC/ETH + SYS) or choose to claim only the rewards in USDC/USDT/BTC/ETH immediately, forfeiting the SYS rewards.
  • *Note: In very rare instances, two users might attempt to collect rewards at the exact same time when the remaining SYS rewards are only sufficient for one. In this case, only one of the users will receive the SYS rewards.
  • Claiming Rewards: To claim rewards, visit the Chainge Earn Dashboard page and click the claim button for each supported token to receive your rewards.

Example: A user bridges 1000 USDT from any supported chain (such as Ethereum, Solana, Tron, Arbitrum, Linea, BASE, BSC, etc.) to Syscoin Rollux. Once on Syscoin Rollux, the user will have approximately 999.4 USDT in their address after a 0.06% bridging fee (excluding gas fees). Based on the Chainge 8.12% APY for USDT, the daily claimable rewards for this user will be 999.4 USDT x 0.0812 / 365 = 0.22233227 USDT. Additionally, they will receive an equivalent amount in $SYS rewards if available (bringing the total to a 16.24% APY)

The user can claim these rewards daily. When claiming, they will receive the USDT amount instantly, along with the SYS rewards if the SYS rewards vault is not yet depleted.

The user can bridge out their USDT to any other chain (such as Solana, Tron, Ethereum, Arbitrum, Linea, Optimism, BASE, etc.) at any time, at which point their earnings will cease. Additionally, they can transfer their USDT on Syscoin Rollux to another person at any time, which will stop their earnings and transfer the earning potential to the recipient.

Wallet Management: To access and manage your earnings on Syscoin Rollux, ensure that your connected wallet is compatible. Using a compatible wallet is crucial for accessing and managing your assets and SYS rewards effectively.

General Notes

  • The rewards accumulate over time, giving you the flexibility to collect them at any interval that fits your preference. However, we do encourage users to claim daily so they have a better opportunity to collect both parts of the APY.
  • Keep track of your asset balances to ensure you meet the minimum thresholds for earning.

Start Earning Today

With the Earn module now live on Syscoin Rollux, there’s no better time to start growing your crypto assets. Visit dapp.chainge.finance/earn?chain=ROLLUX to explore this new program and begin earning rewards on your assets today!

About Syscoin Rollux

Rollux functions as Syscoin’s Layer 2 to help provide the unprecedented scalability necessary for an exponential increase of potential use cases, and sets the stage for realizing mass adoption. Rollux offers what no one else does: unmitigated security, speed, decentralization, and affordability. To learn more about Syscoin Rollux visit https://rollux.com/

About Chainge

Chainge is a leading decentralized cross-chain liquidity aggregator and bridge infrastructure provider, offering seamless interoperable trading across 60+ blockchains. With over $1 billion in cumulative trading volume, Chainge aims to empowers users with AI-driven trading for any token on any chain. Its architecture optimizes swap paths for the best rates and fast transactions, catering to both novice and experienced traders. To learn more, visit chainge.finance or experience the future of trading firsthand at dapp.chainge.finance

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Chainge
Chainge

Written by Chainge

One Marketplace. All Crypto. Find. Store. Bridge. Swap. https://chainge.finance/

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