What is NFTfi?
NFTfi is a decentralized peer-to-peer lending platform that allows NFT owners to unlock liquidity by using their NFTs as collateral for cryptocurrency loans. Operating on the Ethereum blockchain, NFTfi facilitates loans in wETH, DAI, and USDC, enabling users to retain ownership of their NFTs while accessing funds.
Borrowers list their NFTs on the platform, specifying desired loan terms. Lenders can then make offers, and upon agreement, the NFT is held in a secure escrow smart contract until the loan is repaid. If the borrower defaults, the NFT is transferred to the lender.
NFTfi supports a wide range of NFT collections, including Bored Ape Yacht Club, CryptoPunks, and VeeFriends. The platform charges no fees to borrowers, while lenders pay a 5% fee on the interest earned.
With over $600 million in total loan volume and more than 65,000 loans facilitated, NFTfi stands as a leading protocol in the NFT lending space, offering a secure and flexible solution for NFT-backed loans.
NFTfi Airdrop (Rewards Program)
NFTfi has implemented a comprehensive loyalty program called “NFTfi Rewards” that allows users to earn points for their participation in the platform's lending activities. The program features both OG Points (reserved for early users) and Earn Points (ongoing seasons), which may be redeemable for benefits in the future for eligible participants. While not explicitly confirmed as a token airdrop, this points system is widely seen as laying the groundwork for a potential future token distribution.
The platform is currently in its fourth season of rewards, with points distributed to participants who engage in successful lending and borrowing activities. By accumulating these points, users are positioning themselves for potential future benefits as NFTfi works toward its goal of becoming a user-owned and operated protocol.
✅ How to Qualify for the Airdrop:
- Join NFTfi: → Referral Link – defishills.com/nftfi
- Participate in Lending Activities:
- Borrow cryptocurrency using your NFTs as collateral
- Lend cryptocurrency to borrowers using their NFTs as collateral
- Focus on completing successful (repaid) loans
- Note: Transactions with interest rates below 2% may not qualify for points
- Earn Different Types of Rewards Points:
- OG Points: Reserved for users who participated in successful loans before the initial snapshot
- Earn Points: Accumulated during reward seasons by participating in new lending activities
- Points for each successfully repaid loan are split approximately 50/50 between borrower and lender
- Build a Loan Streak:
- Maintain at least one active loan each calendar month
- Longer streaks (3+ months) earn multipliers on your secured points
- Loan streaks of 12+ months can earn up to a 1.50x multiplier
- Maintain Active Participation:
- Continue participating in new reward seasons as they are announced
- Focus on borrower-friendly loan terms for maximum points
- Avoid inactive months which break your streak
- Watch for Program Updates:
- Follow NFTfi's official channels for announcements about new seasons
- Stay informed about potential future token launches
