Echelon Market is a decentralized, non-custodial lending protocol built in the Move language. The project is currently deployed on 3 networks: Aptos, Movement and Initia. The most prominent of which is on the Aptos network with a total locked asset value (TVL) of up to 150 million USD - ranked 4th in TVL on Aptos. The project still has Token , so this is a good opportunity for you to learn, experience and hunt for the project's Airdrop in the future.
Guide to hunting Airdrop Echelon Market - Top lending project on Aptos
Echelon Market Project Overview
Echelon Market launched its mainnet in March 2024 on Aptos and quickly established itself as a thriving lending platform with over $150 million TVL, supporting tens of thousands of users.
Echelon operates on an isolated pairs lending and borrowing market model.
Lender : deposit assets (Asset Token) into the pool, receive interest accumulated over time from loan fees.
Borrower : deposit assets (Collateral Token) as collateral, can borrow Asset Token within Loan-to-Value limit ( Loan-to-value ratio).
This mechanism reduces the spread risk, allowing borrowers to leverage and lenders to receive passive profits.
Investors in the Echelon Market project
The project has successfully Capital $3.5 million in Seed funding, led by Amber Group.
In addition, the project is also supported by Aptos itself when it was welcomed into the LFM program. (Liquid Funding Model) — strategic growth program from Aptos Foundation , dedicated to potential projects about to issue Token (TGE).
Echelon Market Airdrop Guide
Echelon Market has implemented a points mechanism to reward active users on the protocol since April 2024 and is currently in Season 2. The new points mechanism is as follows:
- Supply : 2 points per USD supplied per day.
- Borrow: 4 points per USD borrowed per day.
- Referral : The referrer receives 10% of the referred person's lifetime accumulated points.
Echelon Points Season 2 is live! 🎉
— Echelon (@EchelonMarket) April 22, 2025
We're back with a new season of rewards, boosted earn rates, and fresh multipliers. Season 1 wrapped on March 9 with 60B points distributed, $160M in TVL, and 60K+ wallets.
What's New in Season 2
Increased Points Earnings Rates:
We've… pic.twitter.com/Y7DE7I2COq
Steps to follow:
- Step 1: Access the project homepage at https://app.echelon.market/dashboard?network=aptos_mainnet , connect Aptos wallet (Petra/ OKX etc), prepare some APT Token to pay the fee.
- Step 2: Choose the asset you want to lend, you should prioritize stablecoins such as sUSDe , USDC , USDT because of high interest rates and to avoid price fluctuations.
You can select the 1-Click Loop feature to automatically create a lending loop - borrowing multiple times helps you get more Points.
- Step 3: Go to Borrow section to borrow more assets.
- Step 4: Check total score and ranking in Points section.
Summary
Echelon Market is a lending platform that has a complete product, good revenue and is growing very quickly on Aptos. The project has launched a reward point mechanism along with participating in the Aptos Foundation's LFM program, showing that the project's Token release date will come soon, so please take advantage of it. The number of participating wallets in season 1 is only over 60 thousand wallets, not too crowded like other projects that are causing FOMO, so the opportunity to hunt for Airdrop is quite large for those who participate.
Note: The information in the article is not XEM investment advice, Coin68 is not responsible for any of your decisions.
