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Solana Memecoin Leverage Trading Platform Lavarage Unveils Tephra Points Program - Chainwire

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21Aug

Solana Memecoin Leverage Trading Platform Lavarage Unveils Tephra Points Program

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.

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: