TechFlow news, April 2 — Fogo, an SVM Layer1 blockchain project, announced the official launch of the Fogo Flames points program, designed specifically for community members who wish to accumulate Flames points, improve their rankings, and contribute to the project's development.
Users can earn Flames points and climb the rankings by participating in Pyth Network OIS staking, trading tokens or depositing into LP vaults on Ambient Finance, obtaining Fogo Discord roles, or engaging with Fogo’s Twitter account. Points rewards are calculated and distributed at the end of each week. Notably, when participating in Pyth Network OIS staking, ensure you stake specifically to OIS, not just Pyth Governance.
Fogo is a new Layer 1 blockchain built on the Solana Virtual Machine (SVM), aiming to bridge the gap between DeFi and TradFi by combining TradFi-level performance with decentralized infrastructure to bring institutional-grade finance on-chain. Pyth Price Feeds will be directly integrated into Fogo, providing developers with real-time native market data. Earlier, on January 25, 2025, Fogo announced it had raised $8 million in funding led by The Echonomist, with participation from 4 CMS Holdings, Big Brain Collective, and Patrons.
