Layer 1 blockchain and smart contractsmart contract ecosystem Nibiru has launched Block Party, a points program designed to reward real user participation across its DeFi ecosystem.
Participants can earn Aura by interacting with applications on Nibiru EVM through trading, liquidity, lending, or quests.
WEN? 🔥 Introducing Nibiru Block Party launching this summer, a points program rewarding you with Aura for swaps, liquidity, lending & quests powered by @merkl_xyz and @galxe 🧵 pic.twitter.com/uDAnrohiYC
Among the dozens of apps participating in the reward program’s initial rollout are trading platform Oku, lending protocol LayerBank, decentralized exchanges MIMSwap and OmniSwap, perpetuals exchange Sai, NFT marketplace Element and prediction markets BRKT and PRDT.
Users can also take part in on-chain and off-chain “missions” to earn Aura. Liquidity mining is tracked by Angle Protocol’s Merkl, and sees participants earn a base rate of 1 Aura per dollar of liquidity across eligible pools, scaling to up to 3.5x for holds of 90 or more days in select stablecoin pairs. Earning opportunities also include concentrated liquidity, active trading, or completing protocol-specific missions.
Off-chain and social quests are powered by Web3 platform Galxe, which powers community growth for crypto projects including Polygon, Coinbase and Optimism, with over 34 million users.
Aura resets on a seasonal basis, approximately one calendar month, with a snapshot taken at the end of the month determining the user’s season rewards. At the end of each season, users can track their Aura and leaderboard rankings, enabling users to monitor their rewards progress across missions and liquidity actions.
What is Nibiru?
Nibiru is a high-throughput Multi VM blockchainblockchain that’s aimed at making “building and using Web3 applications faster, more efficient, and more accessible,” according to CEO and Co-Founder Unique Divine.
With $20.5 million raised across three funding rounds, Nibiru leverages Nibiru EVM, a high-speed parallel EVM developed by Google, JP Morgan, and Tendermint ex-contributors and designed to “overcome Ethereum’s limitations.”
Layer 1 blockchain and smart contract ecosystem Nibiru Chain has announced the debut of its native Ethereum Virtual Machine (EVM) implementation, which aims to advance the design space for developers to build high-performance consumer applications.
“Nibiru opens the door for Ethereum-based tokens and applications to benefit from fast transaction processing and further streamlines user experience without the compromises of other scaling solutions,” Nibiru co-founder Unique Divine told Decrypt.
De...
As well as enabling builders to make use of a familiar tool set, Nibiru EVM employs parallel optimistic execution, using “additional cores available to full nodes to process transactions simultaneously, overcoming vital scalability concerns experienced by many blockchain networks,” according to a Nibiru spokesperson.
Follow Nibiru on X at @NibiruChain. For full rules, terms and conditions for Nibiru Block Party and Aura rewards, head here.
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