Bitlayer is the first Bitcoin security equivalent Layer 2 based on BitVM. Since the launch of the mainnet V1 in April this year, Bitlayer’s current TVL has exceeded $500 million, making it the fastest-growing second-layer network in the Bitcoin ecosystem.
On June 27th, the second phase of the Bitlayer Mining Gala event officially landed on OKX Wallet Cryptopedia. Participants in this event include GamerBoom, Macaron, Anome, Vanilla Finance, Avalon Finance, and Zearn, a total of six Bitlayer ecosystem projects. The event features $1.2 million worth of Bitlayer tokens ($BTR) as well as points and token rewards from six projects.
This article will provide readers with the key information about Vanilla Finance, one of the projects participating in the second phase of the Bitlayer Mining Gala, serving as a guide for users.
**Project Overview:**
Vanilla Finance is the only decentralized trading platform that allows users to purchase 1 Bitcoin for only $10. Vanilla can list all tokens at any time and supports leverages of up to 10,000x without slippage. By offering high leverage and a unique forecasting model, Vanilla Finance meets the needs of both novice and experienced traders. Vanilla Finance aims to enhance the efficiency and security of the DeFi ecosystem, providing users with a more transparent, stable, and efficient trading environment.
Vanilla Finance has achieved significant success globally, expanding its presence to markets in countries and regions such as South Korea, Turkey, and Southeast Asia. Within less than three weeks of its launch, Vanilla Finance has achieved a total trading volume exceeding $870 million and has attracted over 15,000 traders.
Through its unique reward system, Vanilla Finance aims to attract more traders in the future.
**Ecosystem Data:**
Twitter Followers: 20K+
TG Group Members: 5.3K+
Partnerships: Vanilla Finance has established partnerships with leading teams such as Bitlayer, OKX Wallet, Bitget Wallet, TaskOn, and others.
**Reward Details:**
Vanilla Finance will provide the following rewards to users participating in this event:
– The team will provide 50 million points, and users can receive 300 points by recharging ≥1u.
– Additional rewards for completing invitation tasks.
– Completing the tasks set by Vanilla gives the chance to share $150,000 USDT worth of $BTR token rewards.
– Simply participating in the Mining Gala and completing tasks provides the opportunity to share $300,000 USDT worth of $BTR token rewards.
**Gameplay Introduction for Mining Gala:**
Users can earn rewards provided by Vanilla Finance through the following channels:
– Follow the official X account; after recharging ≥$10 USDT in Vanilla, users can receive 300 points.
– Invite new users to complete a transaction; both the inviter and invitee can receive an additional 100 points. The more invites, the more points rewarded.
Entrance to the Bitlayer Mining Gala Phase 2 event: [https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37](https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37)
For more tutorials on the Mining Gala event, please visit: [https://www.notion.so/bitlayerlabs/Bitlayer-2-0b3948d329514b38a3445835dc379223](https://www.notion.so/bitlayerlabs/Bitlayer-2-0b3948d329514b38a3445835dc379223)