Taiko Kicks off Taiko Takeoff Program with Avalon to Advance DeFi Growth

LONDON and SINGAPORE, Feb. 4, 2025 /PRNewswire/ -- Taiko, the first based rollup network on Ethereum, and Avalon Labs, the liquidity hub for Bitcoin, have an opportunity for Taiko users to grow the network's Decentralized Finance (DeFi) ecosystem through an exclusive airdrop as part of the new Taiko Takeoff Program.

As Avalon prepares for its Token Generation Event (TGE), Taiko community members have a chance to participate and claim rewards. To simplify this process, claiming will be gasless on the Taiko network. This cost-free claiming experience makes participating in DeFi and earning rewards for contributing as accessible as possible.

"The launch of the Taiko Takeoff Program marks an important milestone for our ecosystem. Through our collaboration with Avalon Labs, we're focused on developing accessible DeFi infrastructure on the Taiko network. The TAIKO token enables community members to interact with various ecosystem features, including gasless transactions, which helps reduce barriers to entry. This program reflects our ongoing commitment to decentralization and security while supporting ecosystem development," said Ben Wan, Chief Community Officer of Taiko.

The Taiko Takeoff Program will see even more avenues for the community to engage with DeFi in rewarding and meaningful ways while ensuring Ethereum's core values of decentralization, permissionlessness and security are preserved.

Participating with Avalon Labs for Taiko community is simple:

1. Supply TAIKO tokens on Avalon: Avalon Finance App
2. Register and select TAIKO as the destination chain: Avalon Airdrop Registration

"Launching Avalon on Taiko has been a pivotal moment for us. Taiko's scalable, Ethereum-aligned based rollup and its dynamic community have provided the perfect environment for Avalon's growth. Our collaboration with Taiko has been more than just technical—it's the beginning of a deeper partnership. As we continue to expand, we see Taiko playing a significant role in our long-term strategy. Programs like Taiko TakeOff are crucial for fostering innovation within the ecosystem, offering emerging projects the resources and support they need to thrive. We're excited to continue working closely with Taiko, not just as a dApp but as a partner in shaping the future of decentralized finance," said Jason Twu, Head of BD and Growth of Avalon Labs.

For full details of the Taiko Takeoff program, visit our blog

SOURCE Taiko