Composable Finance Introduces Picasso Incubator Pool

Published on: 21.09.2021

Composable Finance to release there incubator pool, a staking program which distributes the native tokens of projects launched on our Kusama parachain Picasso to PICA stakers .

This will benefits PICA token holders that lock their tokens for a period of time, will receive a portion of the native tokens from projects deployed on Picasso; anyone who stakes PICA in this will be entitled to receive a share.

Reviewing PICA and the Token Distribution Strategy

PICA serves as the native token for our Kusama parachain, Picasso. This native token has several use cases including governance, incentivisation for collators, and paying network transaction fees.

About Composable Finance

Composable Finance is a cross-layer and cross-chain interoperability platform for Layer 2 Ethereum and Polkadot/Kusama.

➡️Source:
https://composablefi.medium.com/composable-finances-token-incubator-distributing-native-tokens-of-projects-on-picasso-48c9e58841

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