Activities on the Term Labs for a potential airdrop
Term Labs is a decentralized lending protocol that uses an onchain auction model to facilitate fixed and term lending.
The project is currently undergoing its first season of farming points, which will end in Q4 2024.
The team has raised $8 million in investments from Electric Capital, Coinbase Ventures, Blizzard Fund, Inception Capital, MEXC and other funds.
In this guide, we will show you how to be active in the project to qualify for a future airdrop.
Guide to completing the activities
Note: you will need a Metamask-type wallet to pass. If you don’t have one, you can use our guide to install and customize it.
1. Go to the site, connect the wallet and enter one of the codes: NO8J6, KF9TV, 3K17V. Then connect the social networks:
2. Next, on the Auctions section, select the desired pair and click Participate:
3. Then enter the amount of liquidity and specify the desired interest rate, click Submit offer, and borrow in the same way. After the auction is over, a single interest rate will be determined and applied to all accepted bids:
4. Join the Guild and get the available roles:
Conclusion
At the time of writing, there is no information about rewards. Funds in the protocol are not blocked, so you can withdraw liquidity and repay the loan at any time. Also, for participation in three auctions, you get up to 1 million points. However, before making a deposit, consider all the risks associated with lending protocols. For more information on point farming, please visit the website.
Highlights:
- expected rewards for points;
- performing an activity requires a financial outlay.
If you have any questions when completing activities, you can ask them in our X.
Useful links: Website | X | Discord | Blog
All information is provided for informational purposes only and should not be relied upon as a basis for investment decisions, nor should it be considered as a recommendation or advice to participate in investment agreements.
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