In order to ensure the liquidity and utilization of funds, the following adjustments will be made to the ROO pool: 1. Adjust the calculation method of fund utilization rate and borrowing interest rate: 1) When the fund utilization rate is within 0–50%, the borrowing interest rate varies linearly from 0%-20%; 2) When the fund utilization rate is within 50%-70%, the borrowing interest rate varies linearly from 20%-50%;

Dear Kangaroos, In order to provide you with more options, RooLend will support ROO on 22 August, 2021 (SGT). The mining weight of ROO pool is 1.5%. …

Here’s a summary of all that’s happened at RooLend — This has been a quite busy month of the RooLend team. We have done a lot! We hope you like the brand new appearance and our newly launched ROO staking pool . Now we are very excited to share other important updates with you below. 💰 Product Optimisation Upgraded the website’s front end…

After the ROO single token staking pool is online, we have received warm support from the community. Thank you every kangaroo! 🦘🦘 On the first day when ROO staking pool was launched, it quickly attracted the attention of the community and the response was enthusiastic. According to the website’s real-time…

Dear community users, The platform will open the ROO staking pool during 21:00–22:00 on August 2nd, Singapore time (the exact time needs to be determined by the set block height), and users who stake ROO can get ROO incentives. In the first 5 days of staking, the pool will allocate 10 times of additional rewards, and the daily rewards will decrease to a constant value, which means that users who stake earlier will get a greater reward.

The platform will soon open a stronk pool of ROO, and users who stake ROO can obtain ROO incentives. The specific rules of the stronk pool are as follows: 1. What is stronk pool This is a time-limited pool that allows users to deposit ROO tokens. In return, you will…

On July 30, 2021, the RooLend.Finance implemented the second repurchase operation. RooLend repurchased 32,617 ROOs from the secondary market, worth 500 USDT, and the repurchased ROOs have been used to add liquidity on PuddingSwap, with a total fee of 1,012 USDT. According to the white paper, the platform’s fee will be used to repurchase ROO for adding liquidity or destruction. At the initial stage of the project, the team believes that adding liquidity is beneficial to the project’s development. Later, the repurchase and destruction operation will be carried out according to the progress of the project. After the establishment of the DAO organization, the use of the fee will be determined by the DAO organization through voting.

Dear Kangaroos, Due to the high APY of PUD in the Hoo Smart Chain ecosystem, the borrowing rate of PUD on the RooLend platform has been at 100% for a long time, resulting in PUD deposit users unable to withdraw their assets. …

On July 20, 2021, the RooLend.Finance implemented the first repurchase operation. RooLend repurchased 29,600 ROOs from the secondary market, worth 500 USDT, and the repurchased ROOs have been used to add liquidity on PuddingSwap, with a total fee of 1,021 USDT. According to the white paper, the platform’s fee will be used to repurchase ROO for adding liquidity or destruction. At the initial stage of the project, the team believes that adding liquidity is beneficial to the project’s development. Later, the repurchase and destruction operation will be carried out according to the progress of the project. After the establishment of the DAO organization, the use of the fee will be determined by the DAO organization through voting.