To celebrate our 1st Birthday SpiderDAO are relaunching the Spider Nest program on Moonriver
DEC 15 2021. Today is SpiderDAO’s 1st birthday and to celebrate our birthday we have decided to relaunch our highly successful nest program on the Moonriver Network. After our inaugural Nest program on Moonriver in November we received overwhelmingly positive feedback from our community and as a result from 1 pm UTC today we will again be offering this outstanding opportunity to stake $SPDR tokens in return for juicy rewards.
As in November, we have collaborated with AnySwap, this enables current or new $SPDR token holders the ability to simply, easily and cheaply bridge their $SPDR tokens to the Moonriver Network. We have also increased the allocation to a massive 29,000,000 (29 Million) $SPDR with no time limit (until all the allocation is taken). In addition, we have increased the rewards to a massive 80% APY with a 30 day minimum staking period which also includes a 2 month FREE VPN service-a truly mouth-watering prospect!
Why Moonriver?
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 Spider Nest: Big benefits, highly Profitable, and now incredibly inexpensive to join!
Our newly relaunched Nest program (MoonRiver Nest) not only features a great APY but also includes a 2-month free subscription to one of the worlds’ most secure VPN services, Spider VPN. To qualify for this benefit, all participants have to do is Nest (stake) a minimum of $500 worth of $SPDR for 30 days 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(again) in 7 easy steps. How to participate in the relaunched SpiderDAO Nest program.
Step 1:
Go to https://anyswap.exchange/#/bridge
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.
Step 5:
Go to our new SpiderDAO Moonriver Network Nests page: https://movr.spiderdao.io/#/
Step 6:
Connect your Metamask wallet. A window should pop up to switch to the Moonriver network (see picture below). Confirm that
Step 7:
Click Stake and add tokens into the Nest
We also recommend using the leading DEX on the Moonriver Network, Solarbeam.
https://solarbeam.io/exchange/swap
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).
About Solarbeam
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.
About AnySwap
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.
About SpiderDAO
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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