Flare, the low-1 blockchain for non-smart contract decentralized finances, has introduced Flare Fair, a campaign initiative aimed at expanding its defi-eco system.
The official launch of Flare Fair comes as the wider market appears to regain a silly week after a matte week. The native token of the Flare (FLR) network also saw an increase after the announcement.
According to details shared On February 7, the Gamified experience of Flare Fair was designed to promote the L1 datplatform Defi -Ecosystem.
The team has outlined a series of Defi activities to stimulate the use. Flare Fair brings together leading Defi protocols on the L1, including Stargate Finance, Sparkdex, Kinetic Markets, Enosys and Clearpool, including under one hub.
Users can explore and communicate various activities with decentralized applications to earn rewards, including Reward Flare (RFLR) and Flaredrops. These rewards are distributed on the multi -phase campaign from Flare Fair, which has a digital theme park with various fun zones.
Participants can complete tasks such as token swaps on the Sparkdex decentralized exchange or loans on flare-based loan protocol kinetic kinetic. Supported assets for lending include the crypto-collateralized stablecoin USDX, Flare’s Native Token FLR and Ethereum (ETH).
Tasks enable participants to claim RFLR emissions, with additional flaredrops available when users claim their earned RFLR every month. Flare Fair offers RFLR rewards of a 510 million FLR -Pool and current Flaredrops. New daps, tasks and rewards will continue to launch all year round.
