1. Partnership with Symbiosis, protocol that allows to do swaps (unlike bridging) between blockchains. A liquidity campaign with start shortly with 15k of incentives from Catalyst.
2. Multichain opened a new token pair between ADA (Milkomeda C1) and Binance that will allow users to move ADA directly to Binance Smart chain for a better integration between chains. We will be providing 25k of incentives. We are pending the company account to be accepted (we already sent the documentation). This is required to be able to send ADA to Binance Smart Chain.

As reported in previous month, we were working in cooperation with Symbiosis on farming contest. It was finished yesterday and now we will distribute the grant of 15k to reward users that took part in the competition. Preparations are currently underway for a new cross-chain camping in cooperation with Multichain and Blueshift.
We had finalized the agreement with the teamsfor the LP competition design. Here is the outline:

LPs competition

Goal: To provide $1M or more to the Blueshift DEX

Conditions: If LPs provide $1M from mainstream chains to Milkomeda via Multichains bridge with 0 fees for 1 month, users will benefit from getting extra rewards from farms in the form of additional ADA besides BLUES. Milkomeda provides a prize pool 25k USD for C1 (thanks to Catalyst grant)

📒Tasks: 📍1: Bridge assets from Ethereum/BNB chain to Milkomeda. Minimum amount: no less than 40USD
📍2: Add liquidity to Multichain's branded portfolios. Minimum amount: no less than 40USD 📍3: Farming pools: provide LPs tokens to Multichain's branded portfolios. Minimum amount: no less than 40USD

As reported in the previous month we were preparing the new cross-chain camping in cooperation with Multichain and Blueshift. We had finalized the agreement with the teams for the LP competition design. Here is the outline presented in the previous report::

LPs competition

Goal: To provide $1M or more to the Blueshift DEX

Conditions: If LPs provide $1M from mainstream chains to Milkomeda via Multichains bridge with 0 fees for 14 days, users will benefit from getting extra rewards from farms in the form of additional ADA besides BLUES. Milkomeda provides a prize pool of 25k USD for C1 (thanks to Catalyst grant)

📒Tasks: 📍1: Bridge assets from Ethereum/BNB chain to Milkomeda. Minimum amount: no less than 40USD 📍2: Add liquidity to Multichain's branded portfolios. Minimum amount: no less than 40USD 📍3: Farming pools: provide LPs tokens to Multichain's branded portfolios. Minimum amount: no less than 40USD

In addition, to increase interest in the campaign, an amount of $4,000 will be distributed in 14 daily tasks during which participants can win prizes. The campaign officially begins on December 24, and will be announced on Milkomeda, Blueshift and Multichain social media channels in the coming days.