Caroline Bishop
Dec 11, 2024 07:20
Taiko’s Liquidity Royale: TVL Masters Edition extends into Season 3, offering increased rewards for top liquidity providers. The competition aims to boost TVL and network stability.
In an exciting development for the decentralized finance (DeFi) community, Taiko has announced the continuation of its Liquidity Royale: TVL Masters Edition into a third season. This initiative, aimed at bolstering total value locked (TVL) across its blockchain, promises increased rewards for participants, according to taiko.mirror.xyz.
Season 2 Conclusion and Rewards
As Season 2 of the Trailblazers competition nears its end, Liquidity Royale will conclude on December 16th at 12:00 UTC. The top 100 liquidity providers will receive 10,000 TAIKO tokens each, with rewards claimable by December 23rd. Participants will be informed of further details through additional communications.
Introducing Season 3
Season 3 of Liquidity Royale promises bigger rewards and intensified competition. Participants from Season 2 can seamlessly transition into the new season without withdrawing and reinvesting their funds. The top 100 liquidity providers will now each win 12,000 TAIKO tokens, with an overall allocation of 1.2 million TAIKO tokens.
Participation Mechanics
The competition is open to all, with participants required to provide liquidity in designated pools across selected decentralized applications (dApps). Snapshots of liquidity positions can occur at any time, and participants earn points based on the USD value of their assets. Only the top 100 ranked participants will receive rewards.
Points are awarded on a 1:1 ratio with the USD value of provided liquidity, and each snapshot is independent. This means that liquidity can be added or removed between snapshots without affecting previously earned points. A separate leaderboard will track the TVL providers throughout the season.
Eligible dApps and Pools
Participants can provide liquidity through various dApps, including Panko, TakoTako, Unagi Swap, Avalon, and Izumi. Each platform hosts specific pools eligible for the competition, marked with a ‘Liquidity Royale’ tag. Participants must provide liquidity to these tagged pools to secure leaderboard points.
Strategic Participation
Taiko encourages early participation, as securing points from the first snapshot could provide a competitive edge. The leaderboard will update regularly, allowing participants to track their standings on the Trailblazers website.
Future Prospects
Taiko’s Liquidity Royale is set to continue until the end of Trailblazers Season 3, with rewards distributed at the season’s conclusion. The initiative not only aims to enhance TVL but also to foster a robust ecosystem within Taiko’s blockchain network. Participants are invited to explore new opportunities and stay engaged with upcoming features and events.
Image source: Shutterstock
Credit: Source link
