NFTfi partners with Nibbl for an NFT lending competition with Doodles!
October 17, 2022 ・ 3 min read
Fractional Doodle Airdrop
To start our promotion, Nibbl will airdrop 0.5 ETH worth of Doodle 4081 fractions to all addresses that have used NFTfi either as a borrower or a lender with Doodle assets in the past. The snapshot was taken on the 1st of October 2022, 00:00 UTC, and all addresses that were lending or borrowing using Doodles on NFTfi are eligible for the airdrop!
The fractional Doodle airdrop will happen on Friday, October 21, 2022.
How to get extra Doodle fractions for borrowing and lending on NFTfi?
If you had not used NFTfi before the airdrop snapshot date, you still have the opportunity to participate! Starting on Friday, October 21, 2022 — after the Doodle 4081 drop, the first ten borrowers and the first ten lenders will get additional Doodle fractions for every successful loan on any Doodles assets.
If you have a Doodle, you must list it on NFTfi and take out a loan. If this is your first time borrowing on NFTfi, we suggest you read this guide. The loan must be longer than seven days and repaid in full. Shorter loans and defaulted loans will not be eligible for extra Doodle fractions!
If you want to participate as a lender, you must lend wETH or DAI to borrowers looking for loan offers on Doodle assets, and you can learn how to do that here. If a borrower accepts your loan and repays it in full, you will be eligible to receive a Doodle fraction from Nibbl!
Nibbl will airdrop Doodle fractions to all eligible borrowers and lenders on November 14, 2022, at 3:00 PM UTC.
The winners will be given a further fraction of an NFTfi X Nibbl NFT, which will provide them with access to an exclusive token-gated channel on Nibbl Discord.
NFTfi is the leading liquidity protocol for NFTs. It allows NFT holders to receive secured ETH and DAI loans from liquidity providers peer-to-peer. NFTfi’s vision is to build a decentralized, permissionless, user-owned public utility, supporting the seamless financialization of NFT-based economies through innovative mechanisms and highly user-friendly applications.
Nibbl is a DeFi-native fractionalization platform that is revolutionizing community NFT ownership with a unique price-based buyout game and opportunities for better liquidity.
This article is for educational and informational purposes only and should not be considered financial advice. Conduct your own research and due diligence before making any investment or financial decisions, such as when considering novel products including NFT loans.
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