Ion Protocol

Confirmed

Chain:

-

Funding:

$6.8M

Tier:

B

Ion Protocol Airdrop

Updated September 19, 2024

About Ion Protocol

Ion Protocol is a price-agnostic lending platform designed to support staked and restaked assets. It allows users to participate in a variety of financing markets, including leveraged staking yields and points multiplier pools. Ion focuses on introducing staking-based processes to DeFi, enabling users to earn more while risking less.

Why we choose Ion Protocol?

Ion Protocol is a lending platform, currently operating on Ethereum and Base Network. They have successfully raised $6.8M from prominent backers, including NGC Ventures, Robot Ventures, and SevenX Ventures.

Ion Protocol has confirmed their token airdrop – utilizing a point system where users can lend and borrow assets in exchange for Ion Points. This presents a valuable opportunity to begin farming Ion Protocol for future airdrop rewards.

Ion Protocol Airdrop Guide

Airdrop Eligibility

  • Complete all tasks below:
  • Lend/Borrow on Ion Protocol: 500$+
  • Deposit on Superform (optional): 500$+
  • Refer friends to get multipliers

How to get Ion Protocol Airdrop?

To qualify for the Ion Protocol airdrop, you need to accumulate Ion Points. Points can be earned primarily by Lending and Borrowing, with the breakdown as follow:

  • Lend side: 240 points/ETH/day.
  • Borrow side: 24-340 points/ETH/day (1x-14x leverage). 
  • Referral multiplier (on Collateral).

Ion Points will later be exchanged for Ion Protocol’s native token upon their TGE.

Visit https://www.app.ionprotocol.io/ and click on your deposited vault to view accrued Ion Points.

Deadline: TBD

How to earn Ion Protocol Airdrop: Lending or Borrowing assets (Earn Ion Points) + Refer friends (Get Multipliers).

Recommended strategy: Depending on your risk taste, you can either Lend assets (lower risks) or Borrow with leverage (higher liquidation risks). You can also deposit to Ion Protocol’s vault on Superform to earn additional yield and Superform XP. Depositing 500$ or more is also recommended – the more you deposit, the greater chance of receiving rewards.

To maximize your chances for the Ion Protocol airdrop, follow the guide below.

By lending on Ion Protocol, you will earn 240 points/ETH/day. Lending assets on respective vaults will also earn you external rewards, such as KelpDAO Miles or EtherFi Points.

Visit Ion Protocol and connect your wallet. Choose the network of choice in the top-right – Ethereum or Base. After that, choose your desired vault and click on Lend.

ion protocol airdrop guide 1

Next, in the lend page, enter the amount and click on Deposit.

ion protocol airdrop guide 2

After depositing, you can view staked assets and Ion Points on the vault’s page.

Besides lending using the main platform, you can also deposit using Ion Protocol’s vaults on Superform. For this vault, you will earn Ion Points and Superform XP.

Visit Superform Ion Vault and connect your wallet. Click on Zap In.

ion protocol airdrop guide 3

Select your sourcing network and token, enter the amount and click on Deposit.

ion protocol airdrop guide 4

By borrowing on Ion Protocol, you will earn base 24 points/ETH/day. This base point can be multiplied by using leverage – for example, using 5x leverage will earn you 24*5 = 120 points/ETH/day. Depositing and borrowing assets on respective vaults will also earn you external rewards, such as EigenLayer Points or EtherFi Points.

Note: Please be aware of liquidation risks and interest rates when borrowing. Always DYOR before interacting with any DeFi protocol.

Visit Ion Protocol and switch to the Borrow tab. Next, choose your desired vault and click on Borrow. 

ion protocol airdrop guide 5

In the borrow page, enter the amount, select your leverage and click on Deposit.

ion protocol airdrop guide 6

After depositing, you can view staked assets and Ion Points on the vault’s page.

You can earn multipliers on deposited collateral by referring friends, with the breakdown as follow:

ion protocol airdrop guide 7

To get a referral code, you will first need to achieve 240 Ion Points, or 120 points if you are referred by someone. To get a referral code, visit the Ion Protocol Discord

Once earned the minimum required, visit the Ion Protocol Referral page and click on Generate Referral Code. Invite others using this code to maximize your Ion Point earnings.

ion protocol airdrop guide 8

Ion Protocol Airdrop Claim

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