Taiko and Stargate Finance Collaborate for DeFi Season Finale

Taiko
has
announced
a
significant
collaboration
with
Stargate
Finance
and
several
other
DeFi
protocols
to
launch
a
special
Trail,
marking
the
end
of
Season
1
of
Trailblazer,
according
to

taiko.mirror.xyz.
This
initiative,
beginning
on
August
19,
2024,
aims
to
unify
liquidity
and
reduce
asset
fragmentation
across
Taiko-based
decentralized
applications
(dApps)
and
ecosystem
projects.

First
Season’s
Closing
Adventure:
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
major
ecosystem
projects.
This
presents
the
last
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
utilize
the
following
platforms:

• Oku
• Ritsu
• Izumi
• Meridian
  Lending
• KiloEX
• Stargate

Rewards
and
Incentives

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

Incentivized
Pools:

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

XP
Multiplier
Details

During
this
final
Trail,
the
amount
of
points
earned
per
value
transacted
and
the
daily
XP
cap
will
be
multiplied
by
four
for
interactions
with
the
incentivized
pools.
Regular
transactions
will
continue
to
earn
the
normal
amount
of
XP
with
the
original
daily
cap
still
in
place.

Fair
Play
and
Rewards
Distribution

This
initiative
aims
to
enhance
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
verifications
will
be
conducted
to
ensure
compliance,
and
any
attempts
to
manipulate
the
system
will
result
in
penalties.

Anti-Sybil
checks
will
also
be
conducted
to
remove
ineligible
addresses
before
allocating
the
rewards.
This
process
will
be
carried
out
promptly
after
the
season
concludes
to
ensure
fairness
for
all
community
members.

Timing
of
the
DeFi
Campaign

The
campaign
was
delayed
due
to
the
substantial
scale
of
the
initiative
and
the
significant
rewards
involved.
However,
the
generous
reward
pool
provided
by
partners
is
expected
to
be
worth
the
wait.
Taiko
is
committed
to
enhancing
the
program
in
future
seasons,
driven
by
community
feedback.

Conclusion

As
Season
1
of
Trailblazer
reaches
its
climax,
the
Call
of
Taiko
&
Stargate
campaign
is
poised
to
significantly
impact
the
Taiko
ecosystem.
This
final
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.

Image
source:
Shutterstock