SVM Layer1 project Fogo announces the launch of the Fogo Flames points program.

2025-04-02 01:51:39

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According to Deep Tide TechFlow news, on April 2, the SVM Layer1 Blockchain project Fogo announced the official launch of the Fogo Flames points program, which is specifically designed for community members who wish to accumulate Flames points, improve their rankings, and drive project development as contributors.

Users can participate in Pyth Network OIS staking, trade tokens on Ambient Finance, or deposit them into the LP vault to earn Fogo Discord roles or interact with Fogo Twitter to gain Flames points and continuously improve their rankings. At the end of each week, the system will calculate and distribute point rewards. It is important to note that when participating in Pyth Network OIS staking, please ensure you are staking to OIS and not just Pyth Governance.

According to reports, Fogo is a new type of Layer 1 Blockchain built on the Solana Virtual Machine (SVM), aimed at bridging the gap between DeFi and TradFi, combining the performance of TradFi with decentralized infrastructure to guide institutional-grade finance on-chain. Pyth Price Feeds will be directly integrated into Fogo, providing developers with real-time native market data. Previously, on January 25, 2025, Fogo announced the completion of $8 million in financing, led by The Echonomist, with participation from 4 CMS Holdings, Big Brain Collective, and Patrons.

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