Loop【Airdrop Tutorial】

08-09
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Loop
Lending market for Ethereum carry trades
Introduction
Loop is a dedicated lending market for Ethereum carry trades. Users can supply a long tail of Liquid Restaking derivatives (e.g., Pendle LP tokens) as collateral to borrow ETH for increased yield and points exposure.
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[Airdrop Tutorial]

Loop is a dedicated lending market for Ethereum carry trades. Users can supply a long tail of Liquid Restaking derivatives (e.g., Pendle LP tokens) as collateral to borrow ETH for increased yield and points exposure

Loop is running a points program for its users. The Points Program incentivizes users to lock ETH, or liquid restaking tokens (LRT), into the protocol. Loop has announced that at TGE, 7% of the tokens will be airdropped with a linear conversion among all participants.

Step-by-Step Guide:
  1. Visit the Loop website.
  2. Connect your wallet.
  3. Ensure to have ETH or WETH in your wallet. If you don’t have any, get them on Binance.
  4. Now deposit ETH or liquid restaking tokens to start earning points (Quaaloops).
  5. You can also refer your friends to earn 20% of the points given to the depositor.
  6. At TGE, 7% of the supply will be distributed among the participants depending on the number of points earned.
  7. For more details about the airdrop, visit this official announcement.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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