Charlie Garcia
What is MortgageFi?
MortgageFi is an advanced lending platform that operates in a decentralized manner, without requiring permissions or collateral. It merges conventional mortgage principles with blockchain innovations, enabling users to leverage their investments by up to 50 times without facing liquidation even during declining market conditions. The platform stands out by not imposing credit rating criteria, making it accessible to many users.
This protocol tackles two prevalent issues in crypto lending: the necessity for high collateral and the danger of liquidation. By introducing its unique economic structure, MortgageFi fosters a lending environment benefiting both borrowers and lenders, who gain improved security against typical liquidity risks.
MortgageFi airdrop Details
The upcoming MortgageFi airdrop will allocate CAT tokens, the native cryptocurrency of the TeamCAT ecosystem, which encompasses MortgageFi and the future CAT Protocol.
Set to launch in mid-January 2025, the airdrop aligns with the token generation event (TGE). This distribution design encourages fair access for all participants rather than favoring major influencers or large users.
Participants can accumulate points for about three months leading up to the token launch, with a pool of 110,000 points designated for sharing. The expected valuation is based on a projected market cap of $15 million at TGE, establishing a clear goal for potential rewards.
How to Earn MortgageFi Airdrop Points
- Navigate to the MortgageFi website.
- Connect your crypto wallet.
- Select your method of participation:
- Liquidity provision (100,000 total points available)
- Referral program (10,000 total points available)
- For liquidity providers:
- Visit the earn vaults on MortgageFi
- Deposit stablecoins into the available vaults
- Hold your position to accumulate daily points
- For Referrals:
- Get your referral code
- Distribute it to potential new users
- Earn points when referred users enroll in the Mortgage program
- Track your points:
- Keep track of your daily point accumulation
- Check your standing on the points leaderboard
- Estimate your potential rewards based on participation
Maximizing Your Points
- Make early deposits to maximize your share of the daily 1,000 points
- Consistently provide liquidity to continuously earn points
- Consider joining both liquidity provision and referral programs
- Track point accumulation via the platform’s dashboard
Important Information
Points Distribution Schedule
- Daily allocation: 1,000 points
- Program duration: Until January 15, 2025
- Total points: 110,000
- Distribution:
- Liquidity providers: 100,000 points
- Referral program: 10,000 points
Frequently Asked Questions
When is the CAT token airdrop?
The airdrop will take place in mid-January 2025, coinciding with the token generation event.
Who is behind MortgageFi?
MortgageFi was created by a team of seasoned DeFi developers, including DrDerivative and Snape, who co-founded Alchemix, a platform that quickly achieved $1.5 billion in total value locked within its first month.
How can I verify my points accumulation?
You can track your points through the MortgageFi platform dashboard, which provides daily updates.
Is there a minimum deposit requirement?
Although there’s no strict minimum deposit, larger contributions will yield a higher number of points from the daily allocation.
Conclusion
MortgageFi offers a groundbreaking solution for DeFi lending, and its forthcoming CAT token airdrop is a chance for participants to engage with this ecosystem.
Users can prepare for the January 2025 airdrop by joining the points program through liquidity contributions or referrals, supporting the protocol’s expansion while earning native rewards.
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Overview