Logo Logo
December 10, 2024

[New Airdrop Alert] – Lendfinity

Image

Lendfinity?

Lendfinity is a decentralized finance (DeFi) protocol built on the Bitfinity blockchain that enables users to lend and borrow digital assets through non-custodial liquidity markets. The platform offers both variable and stable interest rates, allowing users to choose the option that best suits their financial strategy.

The protocol supports various assets within the Internet Computer (ICP) ecosystem, including ICRC-1 and ICRC-2 tokens. One of its notable features is the integration of Bitcoin Runes as tradable reserves, which expands the range of assets available to users. By providing these capabilities, Lendfinity aims to serve as a comprehensive lending and borrowing solution for DeFi users.

 

Lendfinity Airdrop Details

The Lendfinity airdrop uses a points-based system to reward users who participate in the protocol’s lending and borrowing activities. Users earn points daily based on their activity level, which will later be converted to $LEND tokens.

The platform implements a tiered reward structure that encourages both lending and borrowing, with additional incentives for community engagement and referrals. The system includes multipliers based on total value locked (TVL), making it appealing to participants regardless of their investment capacity.

Step-by-Step Guide:

How to Participate in the Lendfinity Airdrop

  1. Visit the Lendfinity Airdrop Page
  2. Connect your wallet
  3. Go to the tasks section
  4. Join Discord (1000 Points)
  5. Supply assets (10 Points/USD per day)
  6. Borrow assets (40 Points/USD per day)
  7. Refer friends (25% Bonus)
    • Find your unique referral link
    • Share with your network
    • Earn 25% of referred users’ generated points

Maximizing Your Rewards

The platform offers several ways to increase your earning potential:

  1. Point Multipliers
    • Supply over $5,000 to receive a 1.25x multiplier
    • Supply over $10,000 to receive a 1.5x multiplier
    • Supply over $100,000 to receive a 2x multiplier
  2. Balanced Strategy
    • Maintain both supply and borrow positions
    • Keep a safe collateralization ratio
    • Check and adjust positions regularly

Frequently Asked Questions

How are points calculated?

Supply activities earn 10 points per USD daily, while borrowing earns 40 points per USD daily. Additional multipliers apply based on your total supplied value.

When will the $LEND tokens be distributed?

The token distribution schedule will be announced through official channels. Continue accumulating points and monitor announcements for updates.

Conclusion

The Lendfinity airdrop offers users an opportunity to earn $LEND tokens by participating in lending and borrowing activities.

By following this guide and maintaining active participation in the protocol, users can optimize their potential rewards. Keep track of official announcements and manage your positions according to your risk tolerance.

Overview

Leave a comment