Caroline Bishop
December 11, 2024 07:20
Taiko’s Liquidity Royale: TVL Masters Edition expands with Season 3, offering more rewards to the best liquidity providers. The goal of this competition is to increase TVL and network stability.
In an exciting development for the decentralized finance (DeFi) community, Taiko has announced that Liquidity Royale: TVL Masters Edition will continue with a third season. According to taiko.mirror.xyz, the initiative, which aims to strengthen TVL (Total Value Locked) across blockchains, promises more rewards for participants.
Season 2 Conclusion and Rewards
With Season 2 of the Trailblazers competition nearing its end, Liquidity Royale will end on December 16 at 12:00 UTC. The top 100 liquidity providers will each receive 10,000 TAIKO tokens and can claim their rewards until December 23rd. Detailed information will be provided to participants through additional communication.
Season 3 Introduction
Liquidity Royale Season 3 promises bigger rewards and fiercer competition. Season 2 participants can seamlessly transition to the new season without having to withdraw or reinvest their funds. The top 100 liquidity providers will now get 12,000 TAIKO tokens each, bringing the total allocation to 1.2 million TAIKO tokens.
Participation Mechanism
The competition is open to everyone and requires participants to contribute liquidity to 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 participants will receive rewards.
Points are awarded at a 1:1 ratio of the USD value of the 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 tracks TVL providers throughout the season.
Eligible dApps and Pools
Participants can provide liquidity through a variety of dApps, including Panko, TakoTako, Unagi Swap, Avalon, and Izumi. Each platform hosts specific pools suitable for competitions marked with the ‘Liquidity Royale’ tag. Participants must contribute liquidity to the tagged pool to secure leaderboard points.
strategic engagement
Taiko recommends early participation as securing points on the first snapshot can give you a competitive advantage. The leaderboard is updated regularly, so participants can track their rankings on the Trailblazers website.
future prospects
Taiko’s Liquidity Royale will continue until the end of Trailblazers Season 3, with rewards distributed at the end of the season. This initiative aims to not only enhance TVL but also foster a strong ecosystem within Taiko’s blockchain network. Participants are invited to explore new opportunities and remain engaged with future features and events.
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