Starting today, Octalend rewards you with $OCTAp points for providing liquidity and taking out loans in the NFT and Telegram Gifts pools.
Deposits. Earn $OCTAp for every GRAM you keep in the pool. We take a balance snapshot at a random time each day, so the best way to earn is to keep your deposit in the pool.
Loans backed by NFTs or Telegram Gifts. Earn $OCTAp for every GRAM you pay in interest and fees. Points arrive within a few minutes of repaying or extending your loan.
Each pool splits its points between depositors and borrowers based on utilization. Above 90%, depositors get a larger share. Below 90%, borrowers do.
Bonuses
• Your account tier gives you a multiplier of up to ×3.
• The 100 early participants have already been selected. They earn double points and receive a one-time bonus of 2,500 $OCTAp.
Genesis, the first phase, is live now and offers the highest earning rates. A total of 8 million $OCTAp will be issued, and earning rates will fall as more points are distributed. The earlier you start, the more you can earn.
You’ll be able to exchange $OCTAp for $OCTA tokens later. We’ll announce the terms separately.
Learn more on the OCTAp page