ChainCatcher report: Kraken’s tokenized U.S. stocks platform, xStocks, has officially launched the xPoints rewards program. Byreal and Orca are the first on-chain DeFi protocols to support the program, with providing liquidity on Byreal earning the highest tier of point multipliers, surpassing those for holding or borrowing. xPoints can be earned through three methods: holding xStocks (basic tier), supplying assets on lending platforms (higher tier), or providing liquidity to pools (highest tier). Points are updated daily. Both the referrer and the new user receive a permanent 20% point bonus for successful referrals.
xStocks Launches xPoints Program, Offering the Highest Rewards for Liquidity Providers on Byreal
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Summary
xStocks, Kraken’s tokenized U.S. stock platform, has launched the xPoints rewards program, offering tiered incentives for users. Byreal and Orca are the first on-chain DeFi protocols to support the initiative, with Byreal providing the highest xPoints for liquidity provision. Users can earn xPoints by holding xStocks, lending, or providing liquidity, with daily updates. Invitations grant a 20% permanent bonus for both referrer and referee. This move brings new on-chain activity to the DeFi space.
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