INIT Capital
1. Find ‘Market’ tab.
2. Choose an asset to deposit and confirm depositing.
3. Click ‘Deposit and Borrow’ after selecting the asset to deposit and choose another asset against which you will borrow.
4. Deposit USDE (ethena) to earn Ethena Finance SATS as well.
5. Confirm the transaction in your wallet to complete.
This is how your actions bring you points:
1. Depositing assets earns you one point per $100 for every 24 hours.
2. Borrowing assets earns you five points per $100 for every 24-hour period.
3. There is a ‘Hook’ feature which automatically leverages your positions. Hook allows for more points by enabling repeated borrowing against newly deposited collateral in a looped process.
What is INIT Capital
Built on Mantle, INIT Capital is a pioneering Liquidity Hook Money Market which is unique due to its Multi-Silo Position and LP Token as collateral design. This allows for a variety of risk-independent lending and borrowing yield methods on the DeFi market.
By focusing on user-centric solutions and offering a single interface for a variety of yield methods, INIT enables DApps with easy integration. Additionally, the introduction of Auto E-Mode improves capital efficiency, establishing INIT as a major pioneer in the evolution of the DeFi landscape.
INIT Capital Airdrop
For users who took part in "Liquidity Hook Era Phase 1" campaign, INIT Capital is airdropping free INIT tokens. To earn INIT points, participate in the campaign, complete easy social tasks, and lend or borrow tokens on the platform. Keep in mind that you can get 10% of the points your friends get by referring them. At the very end points will be converted into INIT tokens. Complete steps described in this guide here to farm yourself airdrop points!
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You gain access to your personal cabinet where you can monitor the addition of new airdrops and auto completion of all the necessary tasks for them.
We complete all the tasks on your behalf, including creating your personal Burner wallet for you and social profiles. Just relax and enjoy your rewards.
Receive your airdrop tokens
in your personally created wallet,
Withdraw them any time you wish.
*Please be advised that some airdrops may require KYC to be passed in order to proceed.
That is why, we kindly ask you not to create more than one account on Cryptoset.
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