MetaStreet Announces Update to ASCEND Program
MetaStreet announced an update to its ASCEND XP system, enhancing rewards for Liquid Credit Token (LCT) holders and liquidity providers.
The Deets
- Daily XP Rewards: XP dashboard updates daily, showcasing earnings for LCT ownership and liquidity providing activities.
- Long-term Incentives: Holding LCTs now earns users XP, with additional rewards for long-term engagement and usage within partner dApps.
- Insightful Updates: The new system offers clearer insights into XP accrual, ensuring users understand how their actions contribute to their rewards.
- Enhanced Earnings: The update introduces more ways to earn XP, including through special activities and integration with partner platforms.
The Bulk
MetaStreet's latest update to the ASCEND XP system rewards long-term holders and active participants of Liquid Credit Tokens (LCTs). The introduction of daily XP rewards for holding LCTs and participating in liquidity providing activities aims to bolster the growth and adoption of LCTs. Users can now earn XP by holding LCTs minted from deposits in either the Top or Bottom Tick of MetaStreet's lending towers, tailored to their risk tolerance.
This system allows for more dynamic and engaging ways to earn within the MetaStreet ecosystem, catering to a wide range of user actions from liquidity provision on DEXs to specialized partner dApp interactions.
🔜 What's Next?
Looking ahead, MetaStreet plans to introduce further upgrades to the ASCEND XP system, including Prestige XP enhancements and new avenues for social earning.
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