NFTfi, the leading platform for trustless NFT-backed loans, has launched a new loyalty program for NFT enthusiasts called NFTfi Rewards. Users who participated in repaid loans before April 13th have been awarded an initial balance of OG Points, which can soon be redeemed for blockchain tokens and other perks. The Earn Season 1 kicks off on May 15th, allowing users to accumulate reward points for eligible loans. Take advantage of this opportunity to enter the NFT DeFi space and reap the benefits!
NFTfi is a top liquidity protocol that enables NFT owners to leverage their NFT assets for secured loans in $ETH, $DAI, and $USDC from liquidity providers or peers in a trustless manner. With over $400,000,000 in loan volume, NFTfi has emerged as a preferred choice for NFT lending. The platform facilitates the financialization of NFT-based economies through innovative mechanisms and user-friendly applications.
The lending process on NFTfi is straightforward and secure – borrowers use their NFTs as collateral to receive loan offers from lenders. Lenders can earn attractive yields or acquire NFTs at discounted prices through NFTfi. Additionally, lenders can make private offers for entire collections or submit Standing Collection Offers (SCOs) for any listed NFTs from a specific collection.
NFTfi aims to create a user-owned and operated protocol, with updates and changes posted on their blog at NFTfi.com/blog.
About NFTfi
NFTfi, the pioneer of trustless NFT-backed loans, has unveiled its new loyalty program for NFT enthusiasts – NFTfi Rewards. Users eligible for the program who participated in repaid loans prior to April 13th have been rewarded with a base balance of OG Points, which can soon be redeemed for blockchain tokens and various other benefits. NFTfi is a prominent liquidity protocol that enables NFT owners to utilize their assets for secure $ETH, $DAI, and $USDC loans from liquidity providers in a completely trustless manner. With a loan volume exceeding $400,000,000, NFTfi has established itself as a top choice for NFT lending. The platform facilitates the financialization of NFT-based economies through innovative mechanisms and user-friendly applications. Borrowers secure their loans with NFTs and receive offers from lenders. Lenders, on the other hand, can earn attractive yields or potentially acquire NFTs at discounted prices through the NFTfi platform. Additionally, lenders can make private offers on entire collections or submit Standing Collection Offers (SCOs) for any NFT currently listed from a specific collection.
Step-by-step guide
Connect your wallet to the NFTfi ÐApp to check if you have OG Points waiting for you. Secure your reserved OG Points by initiating an eligible loan as a borrower or lender before May 15th. Earn non-transferable reward points for eligible loans during Earn Season 1, which begins on May 15th. Follow @NFTfi on Twitter, join Discord, and subscribe to the newsletter for future announcements. Remember, this snapshot is just the beginning, and NFTfi has exciting plans in store for its users. If you have never used NFTfi, now is a great time to get started!
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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