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Bridgesplit Airdrop Review: NFTs, meet DeFi

Bixer Simond by Bixer Simond
11/02/2023
Bridgesplit Airdrop Review: NFTs, meet DeFi
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About Bridgesplit Airdrop

Bridgesplit Airdrop is a protocol that enables everyday users and institutions to earn yield and get liquidity for non-fungible tokens via lending, indexes, fractionalization, derivatives and more. Bridgesplit doesn’t have an own token and could launch one in the future. Buying NFTs, providing liquidity or making swaps may make you eligible for an airdrop if they launch an own token.

BasicDetails
Token NameBridgesplit Airdrop
PlatformSolana
Total Valuen/a
Support24/7
KYCKYC Is Not Requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

Step-by-Step Guide

  1. Visit the Bridgesplit website.
  2. Connect your Solana wallet.
  3. Now try to buy NFTs, provide liquidity or make swaps on the platform.
  4. Bridgesplit doesn’t have an own token yet, so using the platform may make you eligible for an airdrop if they launch an own token.
  5. Please note that there is no guarantee that they will do an airdrop to the early users of the platform. It’s only speculation.

Composability for unique assets

The DeFi and NFT ecosystems exist in silos, causing $20B+ of value to sit idle in wallets. Today, NFTs are the cornerstone of the digital art, gaming and entertainment markets, tomorrow, they represent all unique value, from vesting ownership in a protocol to an on-chain mortgage.

Bridgesplit enables any unique asset to become liquid and yield generative via NFT-collateralized lending, indexes, and more. Applications from marketplaces to games benefit from the Bridgesplit protocol.

Mechanics

Bridgesplit Airdrop Floor Index has 0 tokens to start and mints 1,000 tokens for every deposited asset. Deposited assets are fractionalized prior to deposit, therefore only a full kilo-asset will mint 1,000 index tokens. Users can also deposit a portion of their dragon, receiving a proportional share of index tokens.

Index tokens may also be acquired by purchasing shares for SOL on the open market. Index tokens may be swapped for any individual asset fractions backing the index. This is the only way to acquire the underlying shares of the specific asset.https://cdn.iframe.ly/NH5RLth

Adding Assets

A user may deposit a whole or partial asset. To add to the vault, a user must fractionalize their NFT. This can be done at the point of deposit or separately. After depositing some amount of the NFT, the user will be minted shares of the index. The amount of fractions minted will depend on the amount of fractions deposited and and the total supply of the fractionalized NFT. Examples below.

Index Tokens

Bridgesplit Airdrop tokens represent the basket of fractions of assets from a collection and have different mechanics to facilitate 1000 index tokens trading at approximately the floor value for the collections. Index tokens can offer traders liquid and smaller-dollar exposure to the floor value of a collection.

Pricing

Bridgesplit Airdrop price of the index token is determined entirely by the market and supply and demand and the token may trade well above and well above 1/1000th of the floor value of a collection. However, the mechanics described earlier are designed to support the index token tracking a value relative to the floor value of the collection. This is because of the following arbitrage mechanisms.

  1. 1.If 1,000 index tokens are trading below the floor value of the collection, a trader can swap 1,000 index tokens for a kilo-asset, fuse to a full asset, and sell the asset on a marketplace, netting a profit.
  2. 2.If 1,000 index tokens are trading below the floor value of the collection and a whole asset is sold from a Bridgesplit vault, a trader can swap index tokens for the stale shares and redeem a pro-rata share of the winning bid in SOL, netting a profit.
Tags: Bridgesplit AirdropHow To Collect Bridgesplit AirdropHow To Signup Bridgesplit Airdrop
Bixer Simond

Bixer Simond

Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things

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All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .