Welcome back to the Spaceship 🍊

Despite falling short in the previous mission, the Spaceship Returns offers another chance at unparalleled prizes and thrills, promising an experience as exhilarating as the last event.

Let's take a look and see what it's all about! The overview remains the same as the previous time.

The Spaceship Returns event spans an exciting six-week period, starting with the launch of the Stryke New Pair Vaults. Participants will be ranked based on their deposits and time invested across all Stryke and Camelot Vaults. This ramps up the competition on our leaderboard. Get ready for significant prizes, with potential rewards reaching up to 30,000 ARB!

• Duration:

  June 24th 1pm (UTC) ~ July 22nd 1pm (UTC)

  June 24th 1pm (UTC) ~ July 31st 1pm (UTC)

• Top 50 Depositors: Share 20,000 ARB equally (400 ARB per top depositor)

• TVL Requirement: Rewards unlock when the Orange TVL reaches $2 million at the end of the campaign.

• Additional Reward: If TVL surpasses $3 million at the end of the campaign, all participants share an extra 10,000 ARB proportionally to their deposit

• Target Vaults:

  All Camelot and Stryke Vaults except for the BOOP Vault.

Depositors will battle it out by earning deposit scores, calculated based on their share of the vault and the duration of their deposits. The top 50 depositors will evenly split a prize pool of 20,000 ARB. With our real-time leaderboard, you can see how you stack up against others, offering instant updates on your position. Prepare for a fierce contest as participants strive to secure their spots at the top of the leaderboard over the next four weeks!

Additionally, the reward structure goes beyond individual prizes. If total deposits into the Orange exceed $3M, all depositors will collectively share an additional 10,000 ARB in rewards. This system ensures that the larger the individual deposit, the greater the share of the overall prize pool. Besides the competitive drive to secure top positions on the leaderboard and earn individual ARB rewards, this extra incentive promotes collaboration among users. Together, they aim to surpass the $3M threshold, boosting the rewards for all participants.

Our benchmark is additional rewards of +10% APR through this event.

Orange Finance is managed by the DeFi team overseeing the DeFi insurance protocol known as InsureDAO.

The rewards for this campaign stem from the $ARB DAO airdrop

While operating both DeFi protocols, there are plans to migrate $INSURE (InsureDAO’s governance token) to the forthcoming Orange governance token.

To maximize value for tokenholders and enhance the ecosystem, we have chosen to deploy the received $ARB grant within the Orange ecosystem rather than utilizing it in the InsureDAO ecosystem.

InsureDAO

The Decentralized Insurance Protocol

https://www.insuredao.fi

Orange Finance is an automated liquidity management protocol at the forefront of LPDfi innovation in the DeFi space. Our mission is to simplify liquidity provision and enhance profitability within LPDfi protocols. We're actively developing liquidity management vaults on top of LPDfi protocols, making LPDfi more accessible and user-friendly. Orange Finance stands as a pivotal gate connecting users and LPDfi protocols, contributing to the growth and stability of DeFi liquidity.