Etherlink has officially launched, presenting a rewarding program of $3 million and a Builder’s initiative for developers.

Layer 2 blockchain built on Tezos, Etherlink Etherlink has successfully exited public beta and is now available for widespread adoption, marking a significant milestone in its journey to becoming a stable and operational network.

To commemorate this achievement and kick off a year of user engagement on the platform, Etherlink is rolling out several exciting initiatives at ETHDenver. A significant part of this is the Builder’s Program aimed at inspiring developers to create applications on the network. Additionally, the Apple Farm rewards initiative will distribute a total of $3 million in benefits to participants during its first season.

"The introduction of the Apple Farm and the Builder’s Program for Etherlink signifies a critical step forward in the evolution of Etherlink,\" stated Cédric Roche, who oversees Business Development at Nomadic Labs, Tezos’ R&D arm in Paris. \"This is only the start of our growth journey. With the launch of key platforms like Uranium.io and our collaboration with Superlend, we’re establishing a solid basis for ongoing ecosystem development that we intend to hasten with these and other initiatives coming soon,\" he added.

Today marks the opening of the waitlists for both the Builder’s Program and Apple Farm, coinciding with a period of thrilling advancements within the Etherlink ecosystem. This includes the introduction of various real-world asset (RWA) applications as well as decentralized finance (DeFi) solutions, showcasing the increasing utility of Etherlink.

Apple Farm is crafted as an engaging platform that encourages user interaction within the Etherlink ecosystem. This initiative operates on a points-based system, rewarding users for their involvement in significant on-chain activities, especially within DeFi. Participants can earn 'Apples' through diverse DeFi engagements, allowing them to reap rewards while collaborating with Etherlink’s partner protocols. The program launches with foundational partners such as Superlend, Hanji, and IguanaDEX, leveraging Etherlink’s infrastructure, which has already enabled over $2 million in trading activity. Users will benefit from a specialized dashboard that allows them to monitor their points, check leaderboard positions, and connect with various protocols. Additional perks include exclusive NFTs, customized Discord roles, and other special benefits.

Apple Farm operates on Merkl, a notable incentive platform renowned for bolstering liquidity programs in DeFi. To date, Merkl has rewarded users with over $80 million worth of tokens across more than 40 blockchain networks, proving its capability in enhancing engagement and growth in decentralized ecosystems.

Etherlink: What Is It? 

Etherlink stands as a non-custodial platform that is compatible with the Ethereum Virtual Machine (EVM), Layer 2 blockchain constructed on the Tezos Smart Rollups framework. It functions in a decentralized manner, utilizing Tezos’ Layer 1 technology and incorporating vital features such as decentralized governance, fraud-proof mechanisms, and resistance to censorship. These characteristics significantly bolster security, transparency, and reliability within the Etherlink network.

This latest update comes amidst a period of significant growth for Etherlink, following pivotal developments like the successful rollout of the Bifröst upgrade, the introduction of the unique “.etherlink” domain through Freename, and collaborations with top DeFi platforms including Spiko and Midas. Etherlink Etherlink has proven itself as a dependable infrastructure provider, underpinning uranium.io—the inaugural decentralized platform for tokenized uranium trading. Furthermore, it has facilitated several sold-out NFT collections and is integrated with leading platforms such as Rabby Wallet and Nebula by Thirdweb, reinforcing its crucial position in the ever-expanding blockchain ecosystem.

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