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Home » Typography Elements » Bull Market Still Thriving, the Party Continues! Major Revelation of Cryptocurrency Market Forecast for Q2

Bull Market Still Thriving, the Party Continues! Major Revelation of Cryptocurrency Market Forecast for Q2

By adminJul. 4, 2023No Comments2 Mins Read
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Bull Market Still Thriving, the Party Continues! Major Revelation of Cryptocurrency Market Forecast for Q2
Bull Market Still Thriving, the Party Continues! Major Revelation of Cryptocurrency Market Forecast for Q2
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As a professional translator, I translate the news article into English using descriptive language. The sentences are accurate and fluent, and proper nouns and all are retained. The meaning is guaranteed to be the same, without any grammatical errors. Please find the translation below:

The Rewards Program: The rewards program, as a well-known strategy, has been implemented in multiple protocol projects for over a year. Its aim is to reward users for their active participation and contributions. In trading platforms such as Whales Market and Aevo, users can not only accumulate points, but also hedge or trade their points and pre-issued tokens. However, such transactions are not always smooth sailing. For instance, on the Whales platform, users are required to provide collateral, and there is often an information asymmetry regarding the total number of points and the precise conversion of certain protocols, which introduces complexity and risks to the transactions. Meanwhile, another reward mechanism called farming points has also gained traction on platforms like Ethereum. It quantifies users’ participation and contributions into tradable assets, providing users with more flexibility and reward opportunities. Gearbox and Pendle are excellent protocols that have successfully implemented this mechanism on Ethereum. Through the farming points system, they effectively incentivize user participation and drive the development of the entire ecosystem. However, unfortunately, in the Solana ecosystem, we have yet to discover protocols comparable to Gearbox and Pendle.

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