INIT Capital Airdrop
About INIT Capital
INIT Capital is a forward-thinking project dedicated to democratizing access to liquidity, aiming to cater not only to DeFi users but also to protocols. The project introduces ‘Liquidity Hooks,’ which function as plugins for liquidity. Decentralized applications (DApps) that are developing strategies such as vaults, leveraged LP/Farming, perpetual trading, margin trading, and LSTFi can seamlessly integrate these Liquidity Hooks by writing their own smart contracts. This integration allows DApps to tap into INIT Capital’s liquidity in a permissionless and efficient manner, enabling them to focus on delivering yield strategies or ‘Hooks’ for end-users.
Currently, INIT Capital is launching an airdrop of free INIT tokens as part of their “Liquidity Hook Era Phase 1” campaign. By completing simple social tasks, joining the campaign, and engaging in lending or borrowing on their platform, users can earn INIT points. Referring friends also earns you 10% of the points they accumulate, and these points will eventually convert into INIT tokens. If you’re keen on discovering more projects that haven’t released a token yet and could potentially offer retroactive airdrops to early adopters, be sure to explore our list of potential retroactive airdrops. Also, consider following our channels on Twitter, Telegram, and Facebook while subscribing to our newsletter to stay updated with the latest airdrops!
Why we choose INIT Capital?
INIT Capital presents a compelling opportunity for airdrop enthusiasts, thanks to its innovative approach to liquidity and DeFi. By focusing on democratizing access to liquidity, INIT Capital not only serves the needs of individual DeFi users but also provides solutions for protocols through the use of ‘Liquidity Hooks’. This unique feature enables DApps to build customized Liquidity Hooks by connecting their smart contracts to INIT, thereby accessing liquidity permissionlessly.
The project is supported by notable backers including Bankless Ventures, Electric Capital, Faction, Maelstrom, and Mirana Ventures, with a substantial funding amount of $3,000,000. These credentials, combined with INIT’s ambitious goal of simplifying liquidity access, make it a worthy candidate for those seeking promising opportunities within the DeFi space. The initiative to airdrop INIT tokens further underscores the project’s commitment to rewarding its early community participants.
INIT Capital Airdrop Guide
Airdrop Eligibility
To be eligible for the INIT Capital airdrop, you should focus on the following criteria:
– Participate in the “Liquidity Hook Era Phase 1” campaign.
– Earn INIT points by lending or borrowing tokens on the INIT Capital platform.
How to get INIT Capital Airdrop?
To get started with earning INIT tokens through the airdrop, follow these steps:
1. Visit the INIT Capital website: Connect your wallet and switch to the Mantle network.
2. Join the Campaign: Click on “Join the Campaign” and complete the social tasks such as following INIT Capital on Twitter and joining their Discord channel.
3. Prepare your tokens: Ensure you have ETH or other tokens available on the Mantle network. These can be procured from exchanges like Binance.
4. Use the Mantle Bridge: Bridge tokens from Ethereum Mainnet to the Mantle network. You will also receive some free Mantle (MNT) to cover gas fees.
5. Lend or Borrow Tokens: Deposit or borrow tokens on the platform. You’ll earn 1 INIT point for every $100 you lend daily and 7 INIT points for every $100 you borrow daily.
6. Refer Friends: Spread the word and refer friends to earn an additional 10% of the points they generate.
The INIT points you accumulate through these activities will be converted into INIT tokens once the token is launched. For detailed insights and updates, refer to the INIT Capital Medium article. Remember, staying active in the community and participating in DeFi activities can potentially yield more rewards from future airdrops.