Charlie Garcia
Echelon facilitates a universal lending market that connects liquidity and boosts yields on Aptos. The platform aims to foster growth within the Aptos DeFi ecosystem through an effective debt platform that allows for additional yield, credit, and derivative products.
Echelon, which is nurtured by Aptos and Thala Labs and makes use of Pyth Network for its protocol, has an airdrop planned for Q3 2024 as part of its roadmap. They have also announced a mainnet launch with a points program and a Token Generation Event (TGE) set for Q2 2024.
- Go to the Echelon website.
- Connect your wallet.
- Click confirm to apply the referral code.
- If your account is referred by another user, you will receive a 5% boost on all lifetime points earned.
- To qualify for the airdrop, you need some APT (Aptos token), which can be acquired on Binance.
- Transfer your APT to your Aptos wallet, including Pontem or Martian wallets.
- Bridge your assets from any chains to Aptos Mainnet. Echelon supports Wormhole and LayerZero for token bridging.
- Lend and borrow available assets on the Echelon decentralized application (Dapp).
- Echelon has confirmed a TGE in Q2 2024 and an airdrop in Q3 2024. Completing the outlined tasks may make users eligible for the upcoming airdrop.
- Echelon has disclosed specifics of its point system.
- Users can earn Base points through protocol utilization, receiving 1 point per dollar lent daily and 3 points per dollar borrowed daily.
- Live referrals allow users to obtain 10% of all referee points.
- There is also a booster feature where users can earn additional rewards for completing specific actions, some of which are yet to be activated.
- Refer to the official document for further details.
If you are interested in projects without tokens that may airdrop governance tokens to early users in the future, explore our list of potential retroactive airdrops to stay informed about upcoming DeFi airdrops!
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Overview
- Website: https://echelon.market/
- Ticker: ECH
- Whitepaper: Download Whitepaper
- Twitter:
- Discord Chat:
- Blog:
