Nibiru Launches ‘Block Party’ Ecosystem Rewards Program
In Brief
- Layer-1 blockchain Nibiru has introduced Block Party, a rewards program.
- Users earn Aura tokens for DeFi participation via trading, lending, liquidity provision and quests.
- Nibiru is a high-throughput Multi VM blockchain with advanced performance capabilities.
Layer 1 blockchain and smart contract ecosystem Nibiru has launched Block Party, a points program designed to incentivize real-world user participation across its DeFi ecosystem.
Participants earn Aura by interacting with Nibiru applications including trading, liquidity, lending, perpetuals, NFTs, and prediction markets. Notable early participants feature Oku Exchange, LayerBank lending, MIMSwap and OmniSwap DEXs, Sai Perpetuals, Element NFT marketplace, BRKT, and PRDT prediction platforms.
Users can earn Aura through multiple pathways. On-chain liquidity mining rewards 1 Aura per dollar deposited in eligible pools, with rates increasing up to 3.5x for stablecoin positions held over 90 days.
Off-chain activities are managed via platform Galxe, powering similar programs for projects like Polygon and Optimism. Users earn seasonally, with Aura resetting monthly and ending with snapshot-based rewards distribution and leaderboard tracking.
What is Nibiru?
Nibiru is a high-throughput Multi VM blockchain designed to “make ‘building and using Web3 applications faster, more efficient, and more accessible.” Priced at $20.5 million across funding rounds, the network utilizes an advanced Nibiru EVM.
Based on technology developed by Google, JP Morgan, and Tendermint contributors, Nibiru EVM employs “parallel optimistic execution.” This enables parallel transaction processing via additional cores in full nodes, addressing critical scalability issues.
