Velar, a Bitcoin decentralized exchange protocol, has unveiled an initiative aimed at content creators in the Bitcoin DeFi space.
The Content Creator Yield Program, the first of its kind, rewards creators for their contributions in the same way as yield farming.
Under this program, Velar will distribute 50,000 $VELAR weekly, amounting to 200,000 $VELAR per month, among five contributors selected via a raffle system.
Under the initiative, content creators—ranging from tweet authors to bloggers, video producers, and podcasters—will earn points for their contributions.
These points can be converted into raffle entries, with weekly winners being selected.
Velar’s goal is to merge education and financial infrastructure by incentivizing informative and engaging content within the Bitcoin DeFi ecosystem.
Eligible content formats include tweets, blogs, videos, and podcasts.
Participants earn points based on the quality and engagement value of their contributions, which then translate into raffle entries.
The program prioritizes quality over quantity through a robust verification process and weekly resets, ensuring fair opportunities for smaller or newer creators to participate.
Winners are selected weekly, and rewards are disbursed to their wallets within 48 hours.
Peter Watson, Velar’s Chief Marketing Officer, emphasized the program’s goal of supporting content creators in the Bitcoin ecosystem:
The Velar Creator Program is about recognizing the unsung heroes of the Bitcoin ecosystem – the creators who put in the work, with no support or incentives, simply because they believe in the mission. It’s time they get the rewards and respect they deserve.”
The Content Creator Yield Program offers a sustainable compensation model specifically designed for educators in the Bitcoin DeFi ecosystem.
Unlike traditional yield farming, which primarily benefits liquidity providers (LPs), this program expands opportunities by rewarding creators who contribute valuable educational content.
Velar’s system recognizes all contributions towards growth as equally valuable, prioritizing the community-driven growth of DeFi education and the Velar ecosystem.
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