Nibiru’s New ‘Block Party’ Rewards Real DeFi Activity

Layer 1 blockchain and smart contract ecosystem Nibiru has launched Block Party, a points program designed to reward real user participation across its DeFi ecosystem.

Participants can earn Aura by interacting with applications on Nibiru EVM through trading, liquidity, lending, or quests.

Among the dozens of apps participating in the reward program’s initial rollout are trading platform Oku, lending protocol LayerBank, decentralized exchanges MIMSwap and OmniSwap, perpetuals exchange Sai, NFT marketplace Element and prediction markets BRKT and PRDT.

Users can also take part in on-chain and off-chain “missions” to earn Aura. Liquidity mining is tracked by Angle Protocol’s Merkl, and sees participants earn a base rate of 1 Aura per dollar of liquidity across eligible pools, scaling to up to 3.5x for holds of 90 or more days in select stablecoin pairs. Earning opportunities also include concentrated liquidity, active trading, or completing protocol-specific missions.

Off-chain and social quests are powered by Web3 platform Galxe, which powers community growth for crypto projects including Polygon, Coinbase and Optimism, with over 34 million users.

Aura resets on a seasonal basis, approximately one calendar month, with a snapshot taken at the end of the month determining the user’s season rewards. At the end of each season, users can track their Aura and leaderboard rankings, enabling users to monitor their rewards progress across missions and liquidity actions.

What is Nibiru?

Nibiru is a high-throughput Multi VM blockchain that’s aimed at making “building and using Web3 applications faster, more efficient, and more accessible,” according to CEO and Co-Founder Unique Divine.

With $20.5 million raised across three funding rounds, Nibiru leverages Nibiru EVM, a high-speed parallel EVM developed by Google, JP Morgan, and Tendermint ex-contributors and designed to “overcome Ethereum’s limitations.”

As well as enabling builders to make use of a familiar tool set, Nibiru EVM employs parallel optimistic execution, using “additional cores available to full nodes to process transactions simultaneously, overcoming vital scalability concerns experienced by many blockchain networks,” according to a Nibiru spokesperson.

Follow Nibiru on X at @NibiruChain. For full rules, terms and conditions for Nibiru Block Party and Aura rewards, head here.