Charlie Garcia
What is Lendfinity?
Lendfinity is a decentralized finance (DeFi) platform that operates on the Bitfinity blockchain, allowing users to lend and borrow digital assets through liquidity markets that don’t require custodial services. Users have the choice between variable and stable interest rates, tailored to their unique financial plans.
This protocol accommodates a variety of assets within the Internet Computer (ICP) ecosystem, including the ICRC-1 and ICRC-2 tokens. A key highlight is its inclusion of bitcoin Runes as assets that can be traded, broadening the selection available to users. Lendfinity strives to be a holistic lending and borrowing resource for those engaged in DeFi.
Lendfinity airdrop Details
Lendfinity’s airdrop utilizes a points-based mechanism to reward users who engage in lending and borrowing through the platform. Participants earn points each day depending on their level of involvement, which will ultimately be converted into $LEND tokens.
The platform has a tiered rewards system that incentivizes both lending and borrowing, offering extra benefits for community participation and referrals. It also features multipliers based on total value locked (TVL), making it attractive to users of all investing levels.
How to Participate in the Lendfinity Airdrop
- Go to the Lendfinity Airdrop Page
- Connect your wallet
- Navigate to the tasks section
- Join Discord (1000 Points)
- Provide assets (10 Points/USD per day)
- Borrow assets (40 Points/USD per day)
- Refer friends (25% Bonus)
- Locate your unique referral link
- Share it with your network
- Receive 25% of the points generated by referred users
Maximizing Your Rewards
Users can enhance their earning capabilities through various strategies:
- Point Multipliers
- Deposit more than $5,000 to gain a 1.25x multiplier
- Deposit more than $10,000 for a 1.5x multiplier
- Deposit above $100,000 for a 2x multiplier
- Balanced Strategy
- Maintain both lending and borrowing positions
- Ensure a safe collateralization ratio
- Regularly review and adjust your positions
Frequently Asked Questions
How are points calculated?
Points for supplying assets are earned at a rate of 10 points per USD daily, whereas borrowing grants 40 points per USD daily. Additional multipliers may apply based on the total value supplied.
When will the $LEND tokens be distributed?
The schedule for $LEND token distribution will be shared via official announcements. Keep earning points and stay updated by monitoring these communications.
Conclusion
The Lendfinity airdrop provides users with a chance to earn $LEND tokens through their active participation in lending and borrowing.
By adhering to this guide and staying actively engaged with the protocol, participants can maximize their rewards. It’s essential to keep an eye on official communications and adjust your involvement according to your risk preferences.
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Overview