Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Monday that it has launched new initiatives designed to further activate, cultivate, and scale the Hedera network’s maturing DeFi ecosystem.
In total, up to 100 million HBAR tokens will be circulated throughout the DeFi economy. The initiatives will educate new crypto users about Hedera through CoinGecko ‘Learn to Earn’ and celebrate Hedera network interoperability through the Axelar Galxe quest.
They will also support new DeFi participants through Saucerswap’s HBAR Discord Faucet, provide Fee-free purchase of Hedera ecosystem assets through C14, and support bridged asset ecosystem through Saucerswap liquidity mining incentives for bridged assets.
Finally, the initiatives will enable more robust Hedera token economy through Saucerswap liquidity mining incentives for key HTS assets, and amplify Hedera network TVL through Saucerswap volume-based rebates, Stader liquid staking, and third-party liquidity injection across the DeFi ecosystem
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.1162 at press time, up by 3% over the last 24 hours.
