- Etherlink launches a $3M Apple Farm rewards program to help promote adoption
- Addressing regulations across various nations to ensure long term success
Etherlink, a Layer 2 network built on Tezos Smart Rollups, has completed its public beta and is now operational. To celebrate, the launch of the platform, several initiatives has been put in to place to boost it’s adoption.
Some of the initiatives include a $3 million Apple Farm rewards program to encourage participation and a special builder’s program designed to attract developers.
The program encourages users to engage with different DeFi apps ‘DAPPS’ on the network by offering rewards. Participants earn “Apples” for activities like trading, lending, and adding liquidity on the platform.
Apple Farm Launch with $3M Put Down To Rewards Users
The Platform is set to debut in March 2025, it will allocate $3 million to reward DeFi participants. Users will accumulate points, called “Apples,” by interacting with the blockchain financial based services on the platform, which includes trading, lending, and providing liquidity.
Users can view their accumulated points, check their position on the leaderboard, and interact with connected protocols using a detailed dashboard provided on the platform.
Cédric Roche, Head of Business Development at Nomadic Labs stated that the introduction of Apple Farm and the builder’s program marks the start of a big plan, and with its collaboration with major platforms like uranium.io and other DeFi projects, he believes that it is building a strong and sustainable network for future growth.
Merkl, is one of the Decentralized Finance Platforms that powers Apple Farm. The Co-founder Pablo Veyrat emphasized the significance of working with Apple Farm. He expressed his enthusiasm for supporting Apple Farm, reaffirming their position as a top platform for distributing rewards.
Regulatory Challenges Ahead for the Etherlink’s Apple Farm
As Etherlink’s Apple Farm platform grows, it is important that it navigates through different regulatory boundaries across various nations.
Nations like China have strict policies, creating a challenging environment for DeFi projects. To stay compliant and reduce legal risks, Etherlink must work with local authorities and study different regions. Identifying areas with clearer regulations will help ensure it’s success long-term.
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