We are beyond thrilled and grateful for the incredible response to the announcement of Form a few weeks ago. Tens of thousands of people joined our community to test out applications and learn about our history and vision as a layer 2 blockchain to advance SocialFi on Ethereum.

Over 30,000 users participated in our first Galxe campaign and we are so excited to introduce our second Galxe campaign today: DeFi Week on Form (Tweet)

During these next two weeks you'll meet some visionary builders, projects and infrastructure that are helping us blend SocialFi and DeFi as categories. This includes decentralized exchanges with programmable pools, decentralized lending protocols that focus on liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) for collateralized borrowing, and the incredible infrastructure projects that make this all possible.

We would also like to thank Guild for getting the Form testnet live on their platform. Users can use Form's testnet on Guild for a number of activities like token-gating and we will have Guild Secrets throughout the campaign which will enable you to get Guild XP. Stay tuned!

Our goal with Form is to extend SocialFi to the outer reaches of Web3 and beyond. We see SocialFi as an integral part of the larger Web3 social movement and an emerging part of decentralized finance. For the next two weeks we will begin to explore some new projects pushing decentralized finance forward at Form.

Fibonacci: the Ecosystem DEX of Form, powered by Algebra

The Fibonacci team has years of DeFi experience outside of the EVM and on EVM L2s as well. They've been core contributors on DEXes that have established significant TVL in the past and are bringing their experience to Form as an ecosystem DEX for tokens on Form.

Fibonacci offers seamless decentralized trading and liquidity provision, powered by the modular AMM engine at Algebra Labs. This means the Fibonacci DEX comes equipped with custom plugins that can function directly with liquidity pools, unlocking features like dynamic fees, on-chain farming and several ready-to-use plugins.

The team at Algebra states that their Integral model saves "7-22% on gas costs on average compared with Uniswap V3". “Algebra powers some of the top DEXes in crypto with its AMM model – over 20 exchanges – and can now count Fibonacci among that group. We are so excited to bring this team to Form!”

Shoebill Finance: LST Collateralizable Leverage Lending Protocol, with Oracles from Supra

Shoebill Finance has become a force in the L2 space across many L2s like Manta, Metis, Mode and several Bitcoin L2s as well. They are now bringing their knowledge and expertise in lending to Form as we begin DeFi week.

Users will be able to provide testnet liquidity for LST pools on Form very easily and borrow against those assets. This will be a small sample of the ecosystem that users will experience as Form approaches mainnet.

Like many lending protocols, Shoebill utilizes "push" oracles which proactively send data to smart contracts when an event or condition occurs. Shoebill lending on Form is powered by Supra Oracles, providing push oracles to a number of price feeds on Form. Working with both of these teams has been a joy and we are happy to welcome them to the Form family.

Our Path to Decentralize SocialFi

DeFi is a big part of Form's vision to decentralize SocialFi, it allows the true network value of communities and protocols to be realized across Form as well as other chains while keeping our pledge to give users the unrestricted right to transact, the right to bear a market and the right to own.

Join us as we advance towards this vision with Form DeFi Week. Several of these quests will qualify users for a Form airdrop (perhaps even the minting of this post). Check in with us on discord and twitter as you complete quests. We're too excited about this one!

- Form contributors