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Plasma to Launch Mainnet Beta with $1B USDT Liquidity Stress Test

Plasma’s debut of the XPL token is paired with a seven-day liquidity incentive program, rewarding participants with WXPL and highlighting the growing DeFi presence.

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Summary

Plasma launched its native XPL token on September 25, briefly reaching $1.6, accompanied by airdrops worth $220 for Binance Alpha users. A seven-day liquidity incentive program covers major DeFi protocols like Aave and Euler, rewarding with WXPL and providing annual yields above 20%. Participants earn daily rewards in millions of dollars by depositing USDT0 via Stargate and using XPL for gas, with rewards tracked via Merkl.

Terms & Concepts
  • XPL Token: Plasma's native token, used for governance and incentivization within its ecosystem, particularly in DeFi operations.
  • WXPL: Wrapped version of Plasma's native XPL token, used within liquidity incentive programs.
  • DeFi: Decentralized Finance, a sector in the blockchain industry that uses smart contracts and decentralized networks to offer financial services without traditional intermediaries.