As a professional translator, I will translate this news article into English using a descriptive tone. The sentences will be accurate and fluent, and I will appropriately retain proper nouns and all . I will ensure that the meaning remains the same and avoid any grammatical errors. Please note that there will be no period at the end of the translation. Here is the translated content:
Points Program: The points program, a well-known strategy, has been implemented in various protocol projects for over a year. Its purpose is to reward users for their active participation and contributions. In trading platforms like Whales Market and Aevo Platform, users can not only accumulate points but also hedge or trade their points and pre-issued tokens. However, these transactions are not always smooth sailing. For instance, on the Whales platform, users must provide collateral, and there is often an asymmetry of information regarding the total number of points and the precise conversion process for certain protocols. This complexity and risk pose challenges to the transactions. Meanwhile, another reward mechanism, farming points, has also gained popularity on platforms like Ethereum. It quantifies users’ participation and contributions into tradable assets, providing them with more flexibility and reward opportunities. Gearbox and Pendle are excellent protocols successfully implementing this mechanism on Ethereum. Through the farming points system, they effectively incentivize user participation and drive the development of the entire ecosystem. However, it is unfortunate that in the Solana ecosystem, we have yet to discover protocols comparable to Gearbox and Pendle.