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Lavarage Co-Creator Fire Dissects Tephra Points System, Hints at Token Launch

Lavarage Co-Creator Fire Dissects Tephra Points System, Hints at Token Launch

Bitget2024/08/08 10:06

Solana meme coin leveraged platform Lavarage co-founder Fire tweeted about the mechanics of its points system “Tephra”:

The Tephra points system is designed to reflect a user's contribution to the platform by rewarding them for their economic activities, such as paying transaction fees and increasing the total locked-in value of their TVL, thus promoting alignment of interests and mutual growth for both the platform and the user. Unlike other airdrops, Lavarage's points system creates substantial value for the platform over the long term.

Fire says the platform will gradually roll out 8 to 10 two-week “missions” for users to earn Tephra points (presumably tokens may be available in Q4). The missions balance the distribution of points among traders, liquidity providers and partners through interesting interactions, with the aim of creating the fairest and most optimal reciprocal structure prior to the token's launch to maximize its long-term value.

The platform will recently be releasing questions to its users through an AMA aimed at strengthening the agreement and trust between the platform and its users, and Fire is looking forward to working with its community members to create great value and achieve a major breakthrough in the DeFi space.

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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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