The relaunched SpiderDAO Nest (staking) Program is now on the Moonriver Network.
OCT 12th 2021. Following the recent announcement of our strategic partnership with the world’s leading decentralized cross-chain swap protocol, AnySwap, we are delighted to announce the relaunch of our highly popular Nests program, but this time on a different network, Moonriver. AnySwap enables current or new $SPDR token holders the ability to simply, easily and cheaply bridge their $SPDR tokens to the Moonriver Network.
The Moonriver network deployed as a parachain to Kusama in June 2021 and will also deploy to the Polkadot Network later this year. One of the most attractive features of Moonriver is that it is an easy On-Ramp to Kusama, which means that SpiderDAO can also quickly deploy their DApps to the Moonriver parachain (with little or no modifications) and gain easy access to the Kusama network. This means that all our existing and future contracts and DApps will have a smooth and quick path to their ultimate destination-the Polkadot Network.
The new Spider Nest: Big benefits, highly Profitable and now incredibly inexpensive to join!
Our new Nest program (Redback Nest) not only features a great APY but also includes a 2 month free subscription to one of the worlds’ most secure VPN service, Spider VPN. To qualify for this benefit, all participants have to do is Nest (stake) a minimum of $500 worth of $SPDR for 1 month only.
The $MOVR token (the utility token of the Moonriver Network) is used to pay gas fees on the Moonriver network, however, unlike current ETH gas prices, the Moonriver network fees are incredibly inexpensive, just a few cents per transaction. The inexpensive nature of the Moonriver network increases the profitability of any staking or farming project compared to a similar program on the Ethernet Network. Our new Nest Staking program is no exception and is now ready to accept new participants.
Fly Me to the Moon(river) in 7 easy steps. How to participate in the new SpiderDAO Redback Nest program.
Step 2,3 & 4:
2. Change your metamask to Ethereum Mainnet
3. In the first field select SPDR token
(see picture below)
4. In the second field select SPDR token AND MOVR mainnet.
Go to our new SpiderDAO Moonriver Network Nests page: https://movr.spiderdao.io/#/
Connect your Metamask wallet. A window should pop up to switch to the Moonriver network (see picture below). Confirm that
Click Stake and add tokens into the Nest
We also recommend using the leading DEX on the Moonriver Network, Solarbeam.
You can swap $SPDR tokens as well as provide liquidity on the Moonriver network via the Solarbeam DEX. As with all transactions on the Moonriver network, the Solarbeam DEX is incredibly inexpensive and features very fast almost instantaneous transactions.
About the Moonriver Network & Moonbeam
Moonbeam is a developer-oriented blockchain that strives to provide compatibility with the existing Ethereum developer toolchain and network. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes.
Moonbeam will also be a parachain on the Polkadot network. That means it will get shared security from the Polkadot relay chain and will be able to integrate with other chains that are connected to Polkadot (once that functionality is available on Polkadot).
Solarbeam is a decentralized exchange, providing liquidity and enabling peer-to-peer transactions on the Moonriver Network. We are currently the leading DEX on the network. The goal is to provide a comprehensive and convenient, one-stop platform for the cryptocurrency community.
AnySwap is a fully Decentralized Cross-Chain Bridge. Users can deposit any coins into the protocol and mint wrapped tokens in a decentralized way. In addition, AnySwap facilitates Cross-Chain Swaps, users can immediately swap from one coin to another.
AnySwap also provides Programmed Pricing and Liquidity. A Liquidity provider can add and withdraw liquidity into swap pairs, the programmed pricing system is based on the liquidity provided.
SpiderVPN provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organisations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism whilst creating a highly scalable, interoperable and stable governance system.
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