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Forgd has officially launched the first season of Metaplex Earn, an initiative designed to deepen liquidity for the $MPLX token, create reward-generating opportunities for the Metaplex community, and enhance accessibility to the Metaplex DAO governance process.
As a cornerstone of the Solana Ecosystem, Metaplex drives the onchain economy, powering over $8.3 billion in transaction value through its robust token and NFT standards, onchain programs, and digital asset infrastructure. Supported by its native token $MPLX, the Metaplex protocol has facilitated the creation and management of over 800 million digital assets, solidifying its position as a foundational layer for Solana and the Solana Virtual Machine (SVM).
Forgd.com is a free to use software platform that supports tokenomics design, market maker engagements, exchange listing, and trading analytics for some of the industry's largest launches.
On December 19, a proposal by Forgd was submitted to the Metaplex DAO, requesting the allocation of up to 1 million $MPLX over 2 months to fund the first season of the Metaplex Earn campaign.
The proposal was officially accepted on January 2 and is kicking off today, offering both new and existing community members increased accessibility to $MPLX in partnership with some of the top DeFi protocols on Solana such as Kamino, Orca, and Jito.
Metaplex Earn Partners and Details
Several of Solana’s most popular DeFi protocols have partnered with Forgd to execute the first iteration of the Metaplex Earn Campaign, contributing resources and expertise to ensure its success.
Orca: will provide the underlying DEX infrastructure, serving as the platform where the campaign’s liquidity will ultimately reside. As part of their support, Orca is contributing 2,000 $ORCA over 2 months as additional rewards for participants.
Kamino: is offering the interface for liquidity providers, enabling seamless deposits into a dedicated automated vault for the campaign.
Jito: will serve as the liquidity pool's pair token with its $JitoSOL token (a Solana liquid staking token that accrues network inflation, MEV tips, and fees). In addition, Jito is contributing 5,000 $JTO over the first month in additional rewards for participants.
In total, the Earn Campaign is set to emit up to 1M $MPLX tokens and 2k $ORCA tokens over 2 months, and up to 5k $JTO tokens in the first month alone for LPs. The campaign will launch with an initial weekly distribution of 75k $MPLX, 1.5k $JTO, and 330 $ORCA.
Metaplex Earn Campaign
The Metaplex Earn campaign provides users with the opportunity to earn additional rewards in $MPLX, $JTO, and $ORCA, alongside automatically compounded trading fees, by providing liquidity for the MPLX-JitoSOL pair through Kamino. This initiative creates four sources of diversified rewards, leveraging DeFi blue-chip opportunities for $MPLX holders.
While liquidity is hosted on Orca, users will interact with the campaign through Kamino Vaults, abstracting them from the complexities of traditional liquidity provision like range management. Kamino automates the process by employing a trading strategy to maximize capital efficiency, autocompound trading fees, and rebalance liquidity as needed—all while ensuring users retain custody of their funds.
Participants can deposit $JitoSOL, $MPLX, or a combination of both, with Kamino automatically balancing the required LP ratios behind the scenes with no deposit fees or lockup periods. All $MPLX, $JTO, and $ORCA rewards can be claimed directly on Kamino, where users can also track key analytics, such as comparing the LP strategy’s performance against simply holding the underlying tokens. This transparency gives users a clear understanding of the value generated by their participation.
This Metaplex DAO initiative serves as a significant step toward improving liquidity for $MPLX, strengthening the protocol's DeFi integrations, and enhancing the Metaplex community's access to the token.
To participate in the Metaplex Earn Campaign, visit the MPLX-JitoSOL vault using the link here.
Don’t forget to follow @metaplex and @metaplexfndn on X for the latest updates on Season 1 of Metaplex Earn!
About the Metaplex Foundation:
The Metaplex Foundation is a non-profit foundation that supports the development and growth of the Metaplex ecosystem. For further information, visit metaplex.com or contact @metaplex on Twitter/X for more information.