KeyTakeaways:
- Etherlink launches Apple Farm with $3M rewards to spice up DeFi engagement in March 2025.
- Merkl companions with Etherlink to boost reward distribution for the Apple Farm program.
- Etherlink expands with Bifröst improve, new partnerships, and powerful DeFi ecosystem development.
London, Feb. 25, 2025 /PRNewswire/ – Etherlink, a Layer 2 blockchain powered by Tezos expertise, has formally moved from public beta to full manufacturing readiness. The announcement was made at ETHDenver, the place Etherlink unveiled its $3 million rewards program, “Apple Farm,” to incentivize builders and customers to discover decentralized finance (DeFi) purposes.
Apple Farm will characteristic a points-based rewards system the place contributors acquire “Apples” from numerous DeFi actions. This system will launch in March 2025 and has already gained traction with founding companions Superlend, Hanji, and IguanaDEX. With over $2 million in buying and selling quantity already processed on Etherlink’s infrastructure, Apple Farm will use this established basis to draw customers and builders to the platform.
The Apple Farm program affords a number of rewards for customers, together with unique NFTs, particular Discord roles, and entry to a whole dashboard the place customers can monitor their factors and place on the leaderboard. This effort aligns with Etherlink’s aim of making a robust community centered round decentralized purposes (dApps).
Along with the Apple Farm rewards program, Etherlink is launching a particular builder’s program to simplify the method for builders to construct and deploy dApps on the chain. The waitlist for this program is open now, and the aim is to make the platform extra accessible to builders seeking to discover and construct within the rising DeFi house.
Cédric Roche, Head of Enterprise Growth at Nomadic Labs, the Tezos R&D Hub in Paris, famous that:
“We’re excited to unveil these new initiatives, particularly the Apple Farm program, which marks a milestone for Etherlink; that is just the start. With partnerships like Superlend and the launch of platforms akin to uranium.io, we’re establishing a strong basis for sustained development within the community.”
Merkl, the motivation platform behind the Apple Farm program, is thought for its profitable DeFi liquidity applications and has distributed over $80 million throughout greater than 40 blockchains. Merkl will deal with reward calculations, allocations, and this system’s consumer interface.
Pablo Veyrat, co-founder of Merkl, identified that collaborating with Etherlink on the Apple Farm program is an thrilling alternative. He highlighted that Merkl is bringing its full vary of capabilities to make sure this system runs easily, together with environment friendly reward distribution and a user-friendly token declare course of.
Etherlink’s latest enlargement consists of the profitable Bifröst community improve and the launch of the “.etherlink” area powered by Freename. The group has additionally seen connections with main DeFi platforms, together with Spiko and Midas. Nevertheless, Etherlink has already performed a job within the decentralized tokenized uranium market with uranium.io, and its platform has supported a number of sold-out NFT collections.
About Etherlink
Etherlink is a Layer 2 blockchain constructed on Tezos’ Sensible Rollups expertise. It affords a decentralized governance mannequin, enhanced scalability, and strong safety features like fraud-proof and censorship resistance. Etherlink goals to be a platform for builders to construct dApps and facilitate worth switch in a digital setting.
For extra details about Etherlink please go to: Website | X(Twitter)
About Tezos
Tezos is an open-source blockchain designed for scalability and good contract performance. As one of many earliest Proof of Stake blockchains, Tezos is thought for its vitality effectivity, sturdy governance, and long-term upgradability.
For extra details about Tezos, please go to: Website | X(Twitter)
About Merkl
Merkl is a platform for incentive distribution within the DeFi and Web3 areas. The platform has distributed over $80 million in rewards throughout 40+ chains and has partnered with business leaders akin to Aave, Uniswap, and TrustWallet.
For extra details about Merkl, please go to: Website | X(Twitter)
