Singapore, Singapore, August 21st, 2024,
Chainwire
Lavarage, a leading DeFi spot margin trading platform,
has announced the launch of its Tephra Points Program, a dynamic
initiative designed to reward users for activities such as trading,
staking, and community engagement.
Introducing Lavarage
Lavarage is a pioneering decentralized spot margin trading
platform, specializing in a broad range of assets, including
long-tail tokens like memecoins. Lavarage was founded with a
mission to improve capital efficiency and user experience in DeFi.
By creating a decentralized spot-margin liquidity layer combined
with an intuitive front-end, Lavarage empowers traders to enjoy a
seamless experience, rivaling traditional platforms such as
centralized exchanges.
![](https://app.chainwire.org/storage/uploads/users/Lavarage_Logo_Banner_1724139557ywi25gcwJj.jpg)
Rapid Adoption and Growth
Since its public launch on Solana in late June 2024, Lavarage
has seen rapid growth, with over 5,000 leveraged spot positions
opened and support for more than 500 tokens. The platform’s liquid
$SOL staking program currently offers an impressive 40% annualized
yield, setting a benchmark in the market.
Tephra Points Program: A Closer Look
The Tephra Points Program operates through a series of 2-week
Missions. The rewarded activities and point distribution rates will
vary from mission to mission, allowing the Lavarage team to focus
on incentivizing the most valuable contributions at any given
time.
Key categories for earning Tephra points
include:
- Trading Rewards: Points earned from trading
activities on the platform.
- Staking Rewards: $SOL lenders are incentivized
with additional points, boosting liquidity and platform
stability.
- Community Contribution Rewards: Points awarded
for active engagement within the community.
A Bright Future Ahead
Lavarage continues to innovate, with exciting features in
development such as shorting, automated take-profit, and AI-driven
lending. The Tephra Points Program is designed to recognize the
valuable contributions of users. Their feedback and support have
been instrumental in Lavarage's success. With this initiative,
Lavarage aims to strengthen its community and welcome new
users.
Participation Made Easy
Users can participate through the Lavarage dApp, where they can
track upcoming Missions and monitor their points in real-time. Full
details and guides are available on Lavarage’s official Medium:
https://lavaragexyz.medium.com/earn-while-you-trade-unveiling-the-tephra-rewards-program-on-lavarage-4976118db1f3
About Lavarage
Lavarage is a decentralized platform that connects
liquidity providers with traders, enabling the latter to conduct
spot-margin trading on decentralized exchanges. Built by a seasoned
team with deep roots in traditional finance, blockchain
engineering, and product design, Lavarage functions as an on-chain
prime brokerage designed to enhance capital efficiency across the
DeFi ecosystem.
For more information about Lavarage and the Tephra Points
Program, users can visit:
Contact
Growth
Manager
Charlene
Wu
Lavarage
charlene@lavarage.xyz