Flare, the blockchain of layer 1 for non -intelligent contractual decentralized finances, introduced Flare Fair, a campaign initiative aimed at extending its Defi ecosystem.
The official launch of Flare Fair Fair occurs while the wider market seeks to resume momentum after a dull week. The native token of the Flare network (FLR) also saw an increase after the announcement.
According to the details shared on February 7, the gamified experience of Flare Fair is designed to advance the DEFI ecosystem of the L1 data platform.
The team has described a series of activities through DEFI to encourage use. Flare Fair brings together the main protocols DEFI on the L1, notably Stargate Finance, Sparkdex, Kinetic Markets, Enosys and Clearpool, among others, under a single center.
Users can explore various activities and interact with decentralized applications to win rewards, including Reward Flare (RFLR) and Flaredrops. These awards will be distributed on the multi -phase campaign of Flare Fair, which includes a digital themed park with various fun areas.
Participants can perform tasks such as chip exchanges on the decentralized Sparkdex exchange or loans on the loan -based loan protocol. The assets supported for loans include stablecoin USDX crypto-collateralized, FLR native token FLR and Ethereum (ETH).
The tasks allow participants to claim RFLR emissions, with additional rockets available when users claim their RFLR won monthly. Flare Fair offers RFLR awards from a 510 million FLR and rocket swimming pool. The new DAPPs, tasks and awards will continue to launch throughout the year.
