Taiko and Stargate Finance Collaborate for DeFi Season Finale
Timothy Morano Aug 20, 2024 05:37
Taiko, in collaboration with Stargate Finance and other DeFi protocols, launches a special Trail to conclude Season 1 of Trailblazer, starting August 19, 2024.
Taiko has announced a significant collaboration with Stargate Finance and several other DeFi protocols to launch a special Trail, marking the end of Season 1 of Trailblazer, according to taiko.mirror.xyz. This initiative, beginning on August 19, 2024, aims to unify liquidity and reduce asset fragmentation across Taiko-based decentralized applications (dApps) and ecosystem projects.
First Season’s Closing Adventure: DeFi with Stargate
The final Trail will run from August 19, 2024, to September 16, 2024. Participants are encouraged to engage in DeFi activities on Taiko by providing liquidity to designated pools within major ecosystem projects. This presents the last opportunity for Season 1 participants to earn substantial experience points (XP), improve their rankings, and collect enhanced rewards from participating protocols.
Participating Platforms
Participants can provide liquidity and utilize the following platforms:
- Oku
- Ritsu
- Izumi
- Meridian Lending
- KiloEX
- Stargate
Rewards and Incentives
By participating in this final Trail, users will share in a pool of 80,000 TAIKO tokens when they contribute to the incentivized pools. Additionally, participants will benefit from a supercharged 4X multiplier on the XP earned while interacting with these pools. The TAIKO tokens will be distributed as follows:
Incentivized Pools:
Participating protocols will add their own incentives, which may include boosted yields on the selected pools.
XP Multiplier Details
During this final Trail, the amount of points earned per value transacted and the daily XP cap will be multiplied by four for interactions with the incentivized pools. Regular transactions will continue to earn the normal amount of XP with the original daily cap still in place.
Fair Play and Rewards Distribution
This initiative aims to enhance the young DeFi ecosystem and promote long-term liquidity provision. To receive the boosted XP, users must keep their tokens deposited in the chosen pools for the entire duration of the Trail. Onchain verifications will be conducted to ensure compliance, and any attempts to manipulate the system will result in penalties.
Anti-Sybil checks will also be conducted to remove ineligible addresses before allocating the rewards. This process will be carried out promptly after the season concludes to ensure fairness for all community members.
Timing of the DeFi Campaign
The campaign was delayed due to the substantial scale of the initiative and the significant rewards involved. However, the generous reward pool provided by partners is expected to be worth the wait. Taiko is committed to enhancing the program in future seasons, driven by community feedback.
Conclusion
As Season 1 of Trailblazer reaches its climax, the Call of Taiko & Stargate campaign is poised to significantly impact the Taiko ecosystem. This final Trail offers a unique opportunity to earn rewards and contribute to the future of DeFi on Taiko. The campaign runs from August 19 to September 16, 2024, and promises to be a memorable conclusion to the season.
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