Loop is a pioneering Ethereum lending market that enables the use of Liquid Restaking Tokens (LRTs), such as Pendle LP tokens, as collateral to borrow ETH. This unique approach opens new avenues for yield generation by allowing users to lock ETH or LRTs, supporting Ethereum’s DeFi growth.

Loop’s protocol distributes rewards to both ETH-lenders and dLP-lockers, fostering ecosystem alignment and enhancing scalability.

Targeting crypto airdrops participants, LoopFi Airdrop represents an exciting opportunity in the DeFi sector for users to earn rewards by contributing to the project’s development.

LoopFi Airdrop Campaign Details

The LoopFi Airdrop campaign is designed to encourage active participation in the Loop ecosystem. Users can deposit ETH or LRTs to earn points, referred to as Quaaloops, which will determine airdrop eligibility.

As a key incentive, Loop will distribute 7% of the total token supply to participants at the Token Generation Event (TGE), rewarding them proportionally based on the points they accumulate.

The campaign also offers referral rewards, with users earning 20% of points from each referred depositor.

Step by Step Guide to Participate in the LoopFi Airdrop

Step 1

Access the Loop Platform

Visit the official Loop website to start.

Step 2

Connect Your Wallet

Connect your Ethereum-compatible (EVM) wallet to the Loop platform. Ensure the wallet is active and ready for transactions.

Step 3

Prepare ETH or WETH

Make sure your wallet has ETH or WETH. If you need more, you can purchase ETH on Bybit, OKX or Binance.

Step 4

Deposit ETH or LRT Tokens

Deposit your ETH or Liquid Restaking Tokens to start earning Quaaloops (points) within the Loop system.

Step 5

Refer Friends

Invite friends to join the platform. For every successful deposit they make, you will earn 20% of their points.

Step 6

Earn Points and Qualify for Airdrop

Collect points by keeping your tokens locked. These points will increase your share in the LoopFi Airdrop distribution at TGE.

Step 7

Stay Updated

For more details about the airdrop, visit Loop official announcements page for the latest updates and further insights.

Find more info about current Loop airdrop campaign in they official post.

Tips to Maximize LoopFi Airdrop

  • Hold Your Deposit Longer: The longer your tokens remain deposited, the more points you accumulate.
  • Refer More Friends: Leverage the referral bonus to increase your points.
  • Monitor Updates: Stay updated with Loop’s announcements to maximize your participation and earnings.

Conclusion

The LoopFi Airdrop offers a straightforward yet rewarding way to engage in the Ethereum DeFi market. With a points-based system and referral bonuses, users can maximize their participation to secure a higher share of the 7% airdrop distribution.

Engaging early and maintaining deposits in the Loop ecosystem can increase both short-term rewards and long-term benefits as Ethereum’s DeFi landscape expands.

FAQ

What are the costs involved in participating in the LoopFi Airdrop?

You need ETH or WETH in your wallet for deposit and cover transaction fees.

How long does participation take?

Participation is quick, but earning more points depends on how long your tokens remain deposited.

When does the LoopFi Airdrop end?

The airdrop concludes at the TGE, where points determine distribution. So, stay updated with Loop announcements.

Is there a minimum deposit for eligibility?

While no minimum is specified, higher deposits may lead to more points, boosting your eligibility.

What benefits do referrals provide?

Referring friends earns you 20% of their points, increasing your own share in the airdrop distribution.

In which networks can I make a deposit?

Currently Loop supports 2 networks: Ethereum and Scroll.

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