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Lavarage unveils Tephra Points program to reward users

GrafaGrafa2024/08/22 07:45
By:Mahathir Bayena

Lavarage, a leading decentralised spot margin trading platform, has introduced its Tephra Points Program.

This new initiative aims to reward users for various activities including trading, staking, and community engagement.

Launched on Solana in late June 2024, Lavarage has rapidly grown, with over 5,000 leveraged spot positions opened and support for more than 500 tokens.

The platform also offers a notable 40% annualised yield on its liquid $SOL staking program.

The Tephra Points Program operates through bi-weekly Missions, each with different rewards and point distribution rates.

Users can earn Tephra points in several key categories: trading rewards for trading activities, staking rewards for lending $SOL, and community contribution rewards for active engagement.

The program is designed to recognise and incentivise valuable user contributions.

Participation is straightforward through the Lavarage dApp, where users can track upcoming Missions and monitor their points in real-time.

Lavarage is known for its focus on improving capital efficiency and user experience in DeFi.

It combines a decentralised spot-margin liquidity layer with an intuitive front-end, aiming to match traditional platforms in terms of user experience.

Future developments include features like shorting, automated take-profit, and AI-driven lending.

These innovations are intended to enhance the platform’s offerings and strengthen its community.

The Tephra Points Program is a step towards fostering a more engaged and rewarded user base.

Lavarage functions as an on-chain prime brokerage, connecting liquidity providers with traders and enhancing capital efficiency in the DeFi ecosystem.

The Tephra Points Program highlights the platform's dedication to recognising and rewarding its users for their contributions and engagement.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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