DeFi Dollar Airdrop
About DeFi Dollar
DeFi Dollar is a decentralized finance protocol on Ethereum Mainnet, built as a friendly fork of the Liquity Protocol. It lets users borrow USDFI, a decentralized stablecoin, by posting major DeFi tokens such as AAVE, CRV, FRAX, LDO, LINK, LQTY, SKY, UNI, WBTC, and YFI as collateral. Through non-custodial, overcollateralized borrowing, it offers access to liquidity and stable-value assets while allowing users to retain ownership of their underlying crypto.
Why we choose DeFi Dollar?
We selected DeFi Dollar because it extends the proven Liquity framework to a broader set of major DeFi tokens, making stablecoin borrowing accessible to holders of widely used Ethereum assets. Its design focuses on decentralized, non-custodial borrowing, addressing demand for stablecoins in trading, lending, and yield farming. By integrating with established DeFi infrastructure and emphasizing stability and accessibility, the protocol aims to support financial flexibility and inclusion within the ecosystem.
DeFi Dollar Airdrop Guide
Airdrop Eligibility
Complete the tasks below in the How To section to maximize airdrop eligibility
How to get DeFi Dollar Airdrop?
1. Prepare funds on Ethereum
– Acquire ETH or stablecoins on Ethereum mainnet (e.g., from a centralized exchange like Binance or by bridging assets using a service such as Rhino.fi).
– Use DeFiLlama Swap or another decentralized exchange to swap ETH or stablecoins into supported collateral tokens if you plan to borrow (AAVE, CRV, FRAX, LDO, LINK, LQTY, SKY, UNI, WBTC, or YFI).
2. Borrow USDFI with collateral
– Go to the official DeFi Dollar platform.
– Navigate to the “Borrow” section.
– Choose a supported collateral token and supply it to open a borrowing position.
– Mint USDFI against your collateral, making sure to maintain a safe collateralization ratio to reduce liquidation risk.
3. (Alternative) Get USDFI without borrowing
– If you already hold stablecoins or prefer not to open a borrowing position, go to DeFiLlama Swap.
– Swap your stablecoins directly for USDFI.
4. Deposit into Stability Pools
– On the DeFi Dollar platform, open the “Earn” section.
– Select one of the available USDFI stability pools.
– Deposit your USDFI into the chosen pool to earn points and rewards.
– Note that certain pools, such as the WBTC stability pool, may offer opportunities to receive WBTC at discounted rates during liquidations.
5. Provide liquidity on Curve
– Visit Curve Finance.
– Choose the USDFI/frxUSD or USDFI/BOLD liquidity pool.
– If needed, use DeFiLlama Swap or another DEX to acquire the paired token (frxUSD or BOLD).
– Add equal value of USDFI and the paired token to the chosen Curve pool to create a liquidity provider (LP) position.
– Stake or hold the LP tokens as required by the pool to earn trading fees and additional protocol incentives.
6. Stay active during the program period
– Continue borrowing, depositing in stability pools, and providing Curve liquidity throughout the bootstrap period (up to March 2nd, 2026).
– Your accumulated activity and timing will determine your DEFI token allocation through the protocol’s points system.
