Summary
- Infrared Finance has introduced a points program to encourage user participation.
- Users can earn points by participating in Proof of Liquidity vaults, and the longer the staking period, the more points they can earn.
- The points will be convertible into Infrared tokens scheduled for launch in the third quarter of this year, and the program will run for about three months.
Infrared Finance, the liquidity staking protocol of the VeraChain (BERA) ecosystem, has introduced a new points program to encourage user participation.
According to The Block, a cryptocurrency-focused media outlet, users will earn points based on eligible activities such as participating in Proof of Liquidity (PoL) vaults, and the longer the staking or liquidity provision period, the more points they can earn.
The points earned will be convertible into Infrared tokens, which are scheduled to be launched in the third quarter of this year, and the program is planned to run for about three months.
Meanwhile, Infrared Finance raised $14 million in a Series A round led by Framework Ventures last March.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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