Bogged Finance to launch trading tools for Cronos, including Limit Orders, Stop-Losses, Staking
The much-anticipated release is set to go live on 20 April 2022. Read on to find out more about the advanced tools which will soon be available for Cronos DeFi traders.
Cronos is proving to be one of the fastest-growing blockchains for DeFi trading, and in response we at Bogged Finance have decided to make our advanced trading tools available for all Cronos traders.
What tools will be launched on Cronos?
- From the 20th April 2022 Cronos traders will be able to place DeFi limit orders and stop-losses.
- Traders on our other supported chains (BNB Chain, Fantom and Avalanche) will also be able to bridge funds to Cronos using our cross-chain bridge.
- We will also launch Cronos Staking, allowing users to earn a fair share of revenue generated by our trading platform.
- Our governance token, BOG will also be deployed to cronos, which will allow all of the above tools to function.
- BogSwap will be available as it has been since December
Read on for a brief introduction to each of these tools…
Cronos DeFi Limit Orders
Bogged Finance DeFi limit orders have garnered a stellar reputation on the chains they’ve been launched on to date, thanks to their reliability and simplicity.
Bogged Finance limit orders function just like limit orders on major centralised exchanges like Binance and Kucoin, and will fill for any DeFi token on our supported DEXes.
Cronos DeFi Stop-Losses
Bogged Finance DeFi stop-losses have become essential for many traders on BNB Chain, Fantom and Avalanche. Now Cronos traders can also protect their investments from unexpected price crashes.
Our stop-losses are completely automatic and will fill for any token on our supported DEXes. For more information about Bogged Finance DeFi stop-losses, see our Publish0x article.
Cronos cross-chain bridge
At launch, our bridge will be able to move funds between Cronos, BNB Chain, Avalanche and Fantom. Currently, the Bogged Finance cross-chain bridge is one of the fastest and most affordable methods of moving funds between different blockchains. It is also one of the most secure, requiring multiple validations before any transaction can be confirmed.
For more information about the bridge, see our docs.
Cronos BOG Staking
At Bogged Finance, we do staking differently. Users can stake our governance token BOG, and earn a fair share of platform revenue. Every time paid features like limit orders are used, a portion of the fee is distributed to stakers.
Stakers can also unlock advanced trading features, such as trailing stop-losses (to be released for Cronos in the near future)
Cronos BOG Token
The BOG token is our governance token, and is at the centre of the Bogged Finance Ecosystem.
It is used to pay for tools, which in turn rewards stakers. It is also used as a secure backbone to transfer funds cross-chain, and is fully bridgeable between all blockchains it’s available on.
Holders of the BOG token can also avail of advanced features and participate in governance votes, which guide the Bogged Finance team on which direction to take the platform in.
The contract address and DEX for Cronos BOG will be announced at launch. It will only be announced on official Bogged Finance social media channels.
BogSwap DEX Aggregator has been available for Cronos since December 2021. It has quickly become one of the go-to platforms for swapping tokens on Cronos, thanks to a powerful line-up of features, such as cheapest trade routing. For more information about BogSwap, see our article.
What Cronos DEXes will Bogged Finance trading tools work on?
At launch, traders will be able to set limit orders and stop-losses for any token on the below Cronos decentralised exchanges:
- MM Finance
- VVS Finance
- Elk Finance
What are Bogged Finance’s future plans for Cronos?
At Bogged Finance, we strive to innovate and adapt to DeFi trading’s rapidly evolving needs. We have plans to integrate even more advanced trading tools into our platform, which will be announced in due course.
To stay tuned to our upcoming news and releases, make sure to follow us here, on Twitter, and on our Telegram Announcement Channel. We’ve also started posting announcements to Publish0x. If you have any questions, our supportive and knowledgeable staff are happy to answer them in our Telegram Group or Discord. Remember, our staff will never DM you first, nor will they ask for private keys.