Bull Market Still Thriving, Celebration Continues! Major Revelation on Q2 Crypto Market Forecast

The points program, as a well-known strategy, has been implemented in multiple protocol projects for over a year, aiming 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 example, on the Whales platform, users must provide collateral, and there is often an asymmetry in the information regarding the total number of points and how certain protocols are precisely converted, which brings complexity and risks to the transactions. Meanwhile, another reward mechanism called farming points has also gained popularity 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, it is regrettable that we have not yet discovered protocols comparable to Gearbox and Pendle in the Solana ecosystem.