Bitlayer, the pioneering Layer 2 built on BitVM, has become the fastest-growing second-layer network within the Bitcoin ecosystem since launching its Mainnet V1 in April. Currently, the network’s Total Value Locked (TVL) has surpassed $500 million, making a significant impact on the industry.
On June 27, Bitlayer announced the commencement of the second phase of the Mining Gala Mining Festival with OKX Web3 wallet. This initiative was co-organized with six Bitlayer ecosystem projects, including GamerBoom, Macaron, Anome, Vanilla Finance, Avalon Finance, and Zearn, and featured a total prize pool of $1.2 million in BTR (Bitlayer tokens), along with six project airdrops.
This article will delve into the key information about one of the participants in the second phase of the Mining Gala Mining Festival, Macaron, offering guidance to the readers.
**Project Overview**
Macaron, as the first native Decentralized Exchange (DEX) on Bitlayer, provides users with a suite of tools, including liquidity farming, staking incentives, trade-to-earn functionalities, and airdrops, all aimed at maximizing user returns.
**Ecosystem Data**
– **TVL**: $31.3 million
– **Ecosystem Partners**: Over 40
– **Twitter Followers**: 145,000+
– **Discord Members**: 13,000+
**Long-Term Vision and Roadmap**
– **Mission of Macaron**: It aims to expand the user base and increase liquidity within the Bitcoin ecosystem.
– **First Phase**: By supporting Bitlayer ecosystem assets with high liquidity, user incentives, and a similar CEX trading experience, Macaron will act as the primary platform for user and capital flow as Bitlayer’s adoption scales and the ecosystem grows.
– **Second Phase**: Macaron plans to become the leading trading platform for all major Bitcoin assets by integrating and bridging other Bitcoin L2 networks, introducing users to additional high-quality assets like Runes and Ordis.
– **Third Phase**: By connecting to the Ethereum Virtual Machine (EVM) ecosystem, Macaron will enhance traffic and traction for both the Bitlayer and Bitcoin ecosystems. During this phase, it will provide a gateway for EVM protocol users to access the thriving Bitcoin world.
**Mining Gala Festival Rewards**
– **Macaron will offer $200,000 worth of Macaron DeFi points to the team.
– **Users can share in a 150,000 USDT worth of BTR tokens by completing tasks associated with Macaron.
– **Participants have a chance to split 300,000 USDT worth of BTR tokens post-TGE (Token Generation Event) by simply engaging in the festival activities.
**Mining Gala Festival Gameplay**
For those participating in the festival, a task is set up: Users who execute a trade in the specified trading pair (USDT/BTC) through their OKX wallet worth $5 or more will receive 100 Macaron DeFi points, which can be redeemed for the network’s governance token in the future.
To get started with the second phase of the Mining Gala Festival and learn more about the gameplay, please visit: [https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37](https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37)
For comprehensive instructions on the festival, refer to: [https://www.notion.so/bitlayerlabs/Bitlayer-2-0b3948d329514b38a3445835dc379223](https://www.notion.so/bitlayerlabs/Bitlayer-2-0b3948d329514b38a3445835dc379223)