We are glad to announce that another supported chain is going to be added to the Omlira ecosystem and Omlira will be bridged to Avalanche C-chain at March 15, 2022. Read more to learn more about the new bridge and the transitioning from ETH to AVAX.
Where are the contracts?
The contract addresses for OML and omLink will be the same as in Binance Smart Chain.
OML Contract Address: 0x979fFD8eEd7a43629eA29581DF4Bfe2b3F224e47
omLink Contract Address: 0xcda8c9991f725ff4fa6369fbc0a4f1ab51eae354
At March 15, 2022 users will be able to use the ETH/BSC/omChain <-> AVAX bridge on https://bridge.omlira.com
Pangolin DEX, what?
Pangolin is a Decentralized Exchange on the Avalanche Network that is operating similar to how Uniswap works in the Ethereum Network. However, due to low transaction costs on Avalanche Network and less MEV bot risk, swaps executed on Pangolin Dex are more favorable.
Visit https://pangolin.exchange/ to learn more about the Pangolin Dex and the PNG token. Or visit https://app.pangolin.exchange/#/swap to start using Pangolin Dex right now!
What about Uniswap?
Because the gas fees are high on the Ethereum network, we have been observing low volume on the OML/ETH parity on the Uniswap Dex and we feel like it is time that we move our liquidity from Uniswap to the Pangolin DEX with additional $20K liquidity added. Moving the liquidity from Uniswap to Pangolin Dex will allow us to have a fresh start and give users a medium where they can exchange with only a few cents of fee.
In order to transition from the Uniswap to Pangolin Dex, at March 15, 2022 we will be removing the liquidity provided to the Uniswap platform and we will be launching a pool on Pangolin Dex. Users who wish to trade OML on a DEX is free to do so at BSC and Avalanche C-chain.
We suggest all OML holders on ETH network to be careful about the remaining liquidity on the ETH/OML pool and possibly swap their assets and add their liquidity to the Pangolin DEX once the liquidity is removed by us.
Anything Else??
Don’t worry, bridging Omlira to Avalanche C-chain is not the only thing that is coming to the Omlira Ecosystem. Soon another announcement will follow up about the Super Farm on the Pangolin Dex with Omlira.
For that reason we have transferred 6M OML as Super Farm rewards to the Pangolin Team’s multi-sig wallet so that they can distribute the liquidity mining rewards to the OML holders. See the transaction at: https://snowtrace.io/tx/0xe40cfac904c8f57fe82b7d69fafe71693e8abea25db957dbe1b311fb28dc86ce and the equivalent amount of OML is locked into the omLink smart contract on the ETH network. https://etherscan.io/tx/0x99fbd06e9ca383e8149af551f796697dc6f60640b8aeedea01d99e7e896c755d
Please keep in mind that during the bridging process and initial liquidity providing on the Pangolin Dex, in order to have organic price movements, we will be exchanging OML and adding more liquidity to Pangolin Dex.
