- Genie’s new approach to “Time-weighted Missions” encourages early user engagement by rewarding transaction volume and duration.
- The introduction of “Unlimited User Claims” and support for staking provide added flexibility and convenience for the users.
Revolutionizing the Blockchain Landscape: Genie Unveils Exciting Updates
As a blockchain connoisseur, Genie’s latest developments have caught my attention. The platform, powered by LUNA and Enterprise Protocol, has rolled out innovative enhancements to strengthen community engagement and optimize user experience.
1/ 🧞♂️Genie evolves.
💪 Stronger mechanisms for incentivising your communities
🤟Added flexibility to end user experiences
Let's dive in!👇 pic.twitter.com/v02FUYUghV
— Genie 🧞 ⚛️ (@genie_coinhall) July 14, 2023
Tuning Up Time-Weighted Missions
In an endeavor to spur early and sustained engagement, Genie has introduced Time-weighted Missions. These missions run campaigns that linearly reward users based on their 30-day average liquidity position or 7-day average token balance. This novel mechanism takes into account both transaction volume and duration, fostering a conducive environment where every marginal position counts. In simpler terms, users are encouraged to act swiftly and maintain their engagement, as the system has been fine-tuned to recognize and reward their efforts.
Facilitating Unlimited User Claims and Supporting Staking
Flexibility and freedom form the cornerstone of blockchain technology, and Genie is no exception. In a significant stride forward, the platform now permits users to claim rewards as often as they want. Users can freely move through the cycle of Farm → Claim → Compound → Farm → Claim, optimizing their yield. This update spells good news particularly for yield optimizers who thrive in such adaptable settings.
Moreover, staking is now supported through Enterprise DAO. This update avails an option for Mission and Eligibility, applicable to both CW20 and CW721 tokens. Blockchain communities can now easily run airdrop campaigns at their discretion to incentivize new stakers or reward the existing ones. In essence, managing a DAO has just become simpler and more efficient.
In conclusion, these innovations underscore Genie’s commitment to facilitating the best possible user experience. It’s an exciting time for blockchain enthusiasts as they navigate these upgraded pathways to engagement and rewards. With these enhancements, Genie is truly redefining the dynamics of blockchain engagement, setting a high bar for other players in the field.