Singapore, Singapore, August 21, 2024, Chainwire
Lavarage, a leading DeFi spot margin trading platform, announced the launch of the Tephra Points program, a dynamic initiative designed to reward users for activities such as trading, staking, and community participation.
Introduction to Lavarizi
Lavarage is a pioneering decentralized spot margin trading platform specializing in a wide range of assets, including long-tail tokens such as memecoin. Lavarage was founded with the mission to improve capital efficiency and user experience in DeFi. By creating a decentralized spot margin liquidity layer combined with an intuitive frontend, Lavarage enables traders to enjoy a seamless experience while competing with traditional platforms such as centralized exchanges.
Rapid adoption and growth
Lavarage has seen rapid growth since its public launch on Solana in late June 2024, with over 5,000 leveraged spot positions opened and over 500 tokens supported. The platform’s liquid $SOL staking program currently offers an impressive 40% annualized yield, setting a benchmark in the market.
Tephra Points Program: A closer look
The Tephra Points program operates through a series of two-week missions. The rewards activities and point distribution rates vary from mission to mission, allowing the Lavarage team to focus on incentivizing the most valuable contributions at any given time.
The main categories for accumulating Tephra Points are:
- Trade Rewards: Points earned through transaction activities on the platform.
- Staking Rewards: $SOL lenders are awarded additional points, increasing liquidity and platform stability.
- Community Contribution Rewards: Points are awarded for actively participating in your community.
A bright future ahead
Lavarage continues to innovate by developing exciting features such as shorting, automated profit taking, and AI-based lending. The Tephra Points program is designed to recognize the valuable contributions of users. User feedback and support have been instrumental to Lavarage’s success. With this initiative, Lavarage aims to strengthen the community and welcome new users.
Participation made easy
Users can participate through the Lavarage dApp, which allows them to track upcoming missions and monitor points in real time. More details and guides can be found on Lavarage’s official Medium: https://lavaragexyz.medium.com/earn-while-you-trade-unveiling-the-tephra-rewards-program-on-lavarage-4976118db1f3
Introduction to Lavarizi
Lavarage is a decentralized platform that connects liquidity providers with traders, allowing traders to perform spot margin trading on decentralized exchanges. Built by a seasoned team with deep roots in traditional finance, blockchain engineering, and product design, Lavarage acts as an on-chain prime brokerage designed to improve capital efficiency across the DeFi ecosystem.
For more information about the Lavarage and Tephra points program, users can visit:
Contact
Growth Manager
Charlene Wu
laundry
(email protected)
Disclaimer: This is a sponsored press release and is provided for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
Investment Disclaimer
