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Boba Network
Announces WAGMI v2 to Boost Ecosystem Growth

Palo Alto, CA – March 31, 2022

Today we are excited to introduce the next iteration of our WAGMI incentives program, WAGMI v2. WAGMI is Boba Network’s way of improving BOBA liquidity mining and growing our ecosystem of projects and developers. Since the launch of the first version of the WAGMI incentive program, we’ve seen an explosion in new projects choosing to launch on the Boba Network. On our ecosystem page alone there are now more than 30 projects taking advantage of Boba Network’s ultra-fast transaction times and cheap gas fees.

Goals of WAGMI v2

Simply put, more rewards. This month we’re kicking things up a notch by massively increasing the incentives for using your favorite Boba dApps. We’re also implementing goals that are specific to dApps on Boba Network, which we ultimately hope will further boost the transaction count on the network. So this month, we’re setting the following goals:

  1. More Transactions – increase overall transaction count on the network
  2. More Rewards – massively increased rewards pool
  3. dApp-specific KPIs – We are rewarding the builders and users of our best dApps by establishing project-specific KPIs

WAGMI v2 is all about rewarding our community and developers while continuing to reach Boba Network’s ecosystem growth goals. If you like what you see or have a suggestion for WAGMI v3, let us know on Discord!

So what’s new in WAGMI v2?

Each month we learn a little more about what works best and what doesn’t. For April, we are introducing some major changes that we are confident will make this our most exciting and appealing version of WAGMI yet!

Rewards Pool Increase
The rewards pool has been massively increased to a total of up to $3,000,000 worth of BOBA. $2,000,000 will be for liquidity providers while a whopping $1,000,000 will be provided as a bonus incentive if total April volume on OolongSwap hits $25,000,000.

dApp Specific KPIs & Range Modification
Instead of KPIs being tied to a single network goal as it was in the past, this month only OolongSwap will have KPIs, and the KPIs only apply to the bonus incentive. Across the ecosystem you’ll be able to earn rewards by LPing, swapping, bridging, trading and more! There will even be prizes as part of airdrops and giveaways. Be sure to check-in with your favorite Boba dApp as we start releasing more details in the coming days.

Reduced Redemption Period
WAGMI tokens can now be redeemed in 30 days instead of 60. Start earning on April 1st and redeem by May 1st!

New Partners
The Boba Network is continuing to grow rapidly and we’ve added several new partners to the WAGMI v2 cohort. The official list of WAGMI v2 partners will be released soon.

How to get involved

WAGMI v2 begins on April 1st, 2022. You will be able to earn rewards by taking action on partner dApps. In the next few days, a list of all official partners will be shared on our community channels and directly on the WAGMI information page on our website.

About Boba Network

Boba Network is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of Ethereum. Our Ethereum Virtual Machine (EVM) equivalent Layer 2 ORU helps Ethereum smart contracts scale while delivering a delightful user experience.

Boba’s proprietary Turing hybrid compute technology enables Ethereum developers to build dApps that trigger code executed on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are far too expensive, far too slow, or otherwise practically impossible to execute on-chain.

Boba Network is delivering a faster, cheaper, smarter, more seamless experience for the next billion users of Ethereum.

More information about Boba Network:

Website | Telegram | Twitter | Discord | Medium

Boba Network
Announces WAGMI v2 to Boost Ecosystem Growth

Palo Alto, CA
March 31, 2022

Today we are excited to introduce the next iteration of our WAGMI incentives program, WAGMI v2. WAGMI is Boba Network’s way of improving BOBA liquidity mining and growing our ecosystem of projects and developers. Since the launch of the first version of the WAGMI incentive program, we’ve seen an explosion in new projects choosing to launch on the Boba Network. On our ecosystem page alone there are now more than 30 projects taking advantage of Boba Network’s ultra-fast transaction times and cheap gas fees.

Goals of WAGMI v2

Simply put, more rewards. This month we’re kicking things up a notch by massively increasing the incentives for using your favorite Boba dApps. We’re also implementing goals that are specific to dApps on Boba Network, which we ultimately hope will further boost the transaction count on the network. So this month, we’re setting the following goals:

  1. More Transactions – increase overall transaction count on the network
  2. More Rewards – massively increased rewards pool
  3. dApp-specific KPIs – We are rewarding the builders and users of our best dApps by establishing project-specific KPIs

WAGMI v2 is all about rewarding our community and developers while continuing to reach Boba Network’s ecosystem growth goals. If you like what you see or have a suggestion for WAGMI v3, let us know on Discord!

So what’s new in WAGMI v2?

Each month we learn a little more about what works best and what doesn’t. For April, we are introducing some major changes that we are confident will make this our most exciting and appealing version of WAGMI yet!

Rewards Pool Increase
The rewards pool has been massively increased to a total of up to $3,000,000 worth of BOBA. $2,000,000 will be for liquidity providers while a whopping $1,000,000 will be provided as a bonus incentive if total April volume on OolongSwap hits $25,000,000.

dApp Specific KPIs & Range Modification
Instead of KPIs being tied to a single network goal as it was in the past, this month only OolongSwap will have KPIs, and the KPIs only apply to the bonus incentive. Across the ecosystem you’ll be able to earn rewards by LPing, swapping, bridging, trading and more! There will even be prizes as part of airdrops and giveaways. Be sure to check-in with your favorite Boba dApp as we start releasing more details in the coming days.

Reduced Redemption Period
WAGMI tokens can now be redeemed in 30 days instead of 60. Start earning on April 1st and redeem by May 1st!

New Partners
The Boba Network is continuing to grow rapidly and we’ve added several new partners to the WAGMI v2 cohort. The official list of WAGMI v2 partners will be released soon.

How to get involved

WAGMI v2 begins on April 1st, 2022. You will be able to earn rewards by taking action on partner dApps. In the next few days, a list of all official partners will be shared on our community channels and directly on the WAGMI information page on our website.

About Boba Network

Boba Network is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of Ethereum. Our Ethereum Virtual Machine (EVM) equivalent Layer 2 ORU helps Ethereum smart contracts scale while delivering a delightful user experience.

Boba’s proprietary Turing hybrid compute technology enables Ethereum developers to build dApps that trigger code executed on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are far too expensive, far too slow, or otherwise practically impossible to execute on-chain.

Boba Network is delivering a faster, cheaper, smarter, more seamless experience for the next billion users of Ethereum.

More information about Boba Network:

Website | Telegram | Twitter | Discord | Medium