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Binance Sign Up Promotion

UntitledBank

What is UntitledBank?

UntitledBank is a permissionless lending platform built on the Soneium blockchain, designed to provide users with seamless lending and borrowing capabilities. As one of the winners of the prestigious Soneium Spark Incubation program, UntitledBank has demonstrated its potential to reshape the DeFi lending landscape. The platform has undergone thorough security audits by ScaleBit and Besion, ensuring the safety and reliability of user funds.

The platform leverages the efficiency and scalability of the Soneium blockchain to offer users a robust lending ecosystem where they can earn yields on their deposited assets and access liquidity through borrowing. By combining traditional lending functionalities with modern DeFi features, UntitledBank aims to bridge the gap between conventional finance and decentralized solutions.

UntitledBank Airdrop Details

UntitledBank has confirmed an upcoming airdrop for its community members, implementing a points-based system to reward active participants. The airdrop distribution will be tied to users’ accumulated U points, which can be earned through various platform interactions and community engagement activities. This structured approach ensures that rewards are distributed fairly based on users’ platform participation and contribution levels.

The points campaign is currently active, allowing users to accumulate U points through multiple activities such as lending, borrowing, and community engagement. The more points users accumulate, the higher their potential airdrop allocation may be.

Step-by-Step Guide:

How to Participate in the UntitledBank Airdrop

Getting Started on Soneium

  • Set up a compatible Web3 wallet (Rabby recommended)
  • Acquire ETH from a centralized exchange like Binance
  • Withdraw ETH to your wallet on Ethereum mainnet
  • Bridge your ETH to the Soneium blockchain using Relay or Superbridge
  • Swap from ETH to WETH, USDC.e and/or ASTAR using DEXes like SoneFi
  • Ensure you have enough WETH, USDC.e, and/or ASTAR tokens for platform interaction

Earning U Points

Deposit Strategy
  • Visit the UntitledBank platform and navigate to the “Earn” section
  • Deposit your assets into the lending pools
  • Earn 1 U point per hour for every $100 worth of assets deposited
  • Monitor your deposits and rewards through the platform dashboard
Borrowing Strategy
  • Access the borrowing feature on UntitledBank
  • Borrow assets against your collateral
  • Earn 2 U points per hour for every $100 borrowed
  • Manage your borrowing positions carefully to maintain healthy collateral ratios
Referral Program
  • Visit the “Rewards” page on UntitledBank
  • Generate your unique referral link
  • Share the link with other potential users
  • Earn a 10% bonus on referred users’ point earnings
Community Engagement
  • Join the official UntitledBank Discord server
  • Participate in community events and discussions
  • Earn additional Engage points through active participation
  • Upgrade your membership card for point multipliers

Tips for Maximizing Your Rewards

  • Maintain a balanced portfolio of deposits and borrows to optimize point generation
  • Regularly check for community events that offer bonus points
  • Consider larger deposits or borrows to earn points more efficiently
  • Stay active in the Discord community to unlock additional rewards
  • Monitor your card status and work towards upgrades for better multipliers

Frequently Asked Questions

What assets can I deposit on UntitledBank?
Users can deposit WETH, USDC.e, or ASTAR tokens on the Soneium blockchain.

How are points calculated?
Points are earned hourly based on your deposit and borrowing amounts, with deposits earning 1 point per $100 and borrowing earning 2 points per $100.

How long will the points campaign last?
The exact duration of the points campaign has not been announced. Follow official channels for updates.

Are there any risks involved?
While the platform is audited, users should be aware of standard DeFi risks such as smart contract risk, market volatility, and potential liquidation when borrowing.

Conclusion

The UntitledBank airdrop presents an opportunity for users to participate in a promising DeFi platform while earning potential rewards. By following this guide and actively participating in the ecosystem, users can maximize their chances of receiving a favorable airdrop allocation. Remember to stay engaged with the community and monitor your positions regularly for the best results.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

Don't forget to follow us on Twitter, Telegram, & Facebook and subscribe our newsletter to receive new airdrops!

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Estimated Value

n/a

Tokens per Claim

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Max. Participants

Unlimited

Overview