NFTfi
@NFTfi, the pioneer of trustless NFT-backed loans, has introduced its new loyalty program for NFT enthusiasts – NFTfi Rewards. Eligible users who participated in repaid loans before April 13th have received a base balance of OG Points, which will soon be redeemable for blockchain tokens and other benefits.
The Earn Season 1 begins on May 15th, allowing users to earn non-transferable reward points for eligible loans. Don't miss this opportunity to join the NFT DeFi space and get rewarded!
About NFTfi
NFTfi is a leading liquidity protocol that allows NFT owners to use their NFT assets to access the liquidity they need through secured $ETH, $DAI, and $USDC loans from liquidity providers, peer-to-peer, in a completely trustless manner. With over $400,000,000 in loan volume, NFTfi has become a popular choice for NFT lending. The platform provides a seamless financialization of NFT-based economies through innovative mechanisms and highly user-friendly applications.
NFTfi's lending process is simple and secure. Borrowers provide their NFTs as security and get loan offers from lenders. Lenders, in turn, use NFTfi to earn attractive yields or have a chance at obtaining NFTs at a steep discount to their market value. NFTfi's platform also allows lenders to make private offers against entire collections or submit Standing Collection Offers (SCOs), which are valid for any currently listed NFT from a particular NFT collection.
NFTfi's goal is to create a protocol that is entirely owned and operated by its users, and they are actively working towards that vision. Any updates or changes to their plans will be communicated through their blog at NFTfi.com/blog.
NFTfi
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!
▪️ Please note that reward points are not currently redeemable, but they serve as an indication of a user's loyalty level. In the future, eligible users will be able to redeem them for blockchain tokens or other benefits. OG Points and Earn Points are both loyalty reward points, with similarities and differences that will be explained later. For more information, refer to the NFTfi Rewards FAQ.
* US residents, other US persons, and persons located in the US are not eligible for NFTfi Rewards. Non-US persons' eligibility is at NFTfi's sole discretion, and reward points may be redeemed for blockchain tokens or other benefits in eligible jurisdictions. NFTfi makes no guarantees or promises regarding token issuance or conversion rates, and this is not an offer of tokens or securities.
When using decentralized applications (ÐApps), it’s critical to remember that YOU are responsible for the security of your digital assets!
Disclaimer: This content is not intended to be financial advice. Investors should take the time to research any given product before depositing or investing their funds.
