Taiko and Stargate Finance collaborate for DeFi season finale

Taiko has announced a major collaboration with Stargate Finance and several other DeFi protocols to launch a special Trail, marking the end of Trailblazer Season 1, according to taiko.mirror.xyz. The initiative, which will begin on August 19, 2024, aims to unify liquidity and reduce asset fragmentation across decentralized applications (dApps) and ecosystem projects built on Taiko.

The closing adventure of the first season: DeFi with Stargate

The final Trail will run from August 19, 2024 to September 16, 2024. Participants are encouraged to engage in DeFi activities on Taiko by providing liquidity to designated pools within the ecosystem’s leading projects. This represents the final opportunity for Season 1 participants to earn substantial experience points (XP), improve their rankings, and collect enhanced rewards from participating protocols.

Participating platforms

Participants can provide liquidity and use the following platforms:

• Okou
• Ritsu
• Izumi
• Meridian Loans
• KiloEX
• Stargate

Rewards and incentives

By participating in this latest Trail, users will share a pool of 80,000 TAIKO tokens when contributing to the incentive pools. Additionally, participants will benefit from a supercharged 4X multiplier on XP earned by interacting with these pools. TAIKO tokens will be distributed as follows:

Incentive pools:

Participating protocols will add their own incentives, which may include increased yields on selected pools.

XP Multiplier Details

During this final Trail, the number of points earned per transaction value and the daily XP cap will be quadrupled for interactions with incentive pools. Regular transactions will continue to earn the normal amount of XP with the original daily cap still in place.

Fair play and distribution of rewards

This initiative aims to improve the young DeFi ecosystem and promote long-term liquidity provision. To receive the boosted XP, users must keep their tokens deposited in the chosen pools for the entire duration of the Trail. Onchain checks will be performed to ensure compliance, and any attempts to manipulate the system will result in penalties.

Anti-Sybil checks will also be performed to remove ineligible addresses before rewards are awarded. This process will be done promptly after the season ends to ensure fairness for all community members.

DeFi Campaign Schedule

The campaign was delayed due to the scale of the initiative and the significant rewards it entailed. However, the generous prize pool offered by partners should make the wait worthwhile. Taiko is committed to improving the program in future seasons, based on community feedback.

Conclusion

As Trailblazer Season 1 reaches its climax, the Call of Taiko & Stargate campaign is poised to make a significant impact on the Taiko ecosystem. This latest Trail offers a unique opportunity to earn rewards and contribute to the future of DeFi on Taiko. The campaign runs from August 19 to September 16, 2024, and promises to be a memorable conclusion to the season.

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