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Leap Airdrop Review: A Maximum of 1,000 LEAP Tokens per day

Bixer Simond by Bixer Simond
10/01/2024
Leap Airdrop Review: A Maximum of 1,000 LEAP Tokens per day
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About Lend

Leap Airdrop is a decentralized borrowing platform on Ethereum blockchain that allows Curve LP holders (the borrowers) to draw fixed-rate, fixed term and high LTV loans against Curve LP tokens used as collaterals, with no concerns for assets being liquidated due to price fluctuation. Lend Flare is airdropping 1% of the total supply to veCRV and vlCVX holders. Users who had veCRV and vlCVX by the snapshot date are eligible to claim free airdrop.

BasicDetails
Token NameLeap Airdrop
PlatformETH
Total Value1% of the total supply
Total Supply 1,308,785,588 LFT
KYCKYC Is Not Requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

Step-by-Step Guide

  1. Visit the Lend Flare airdrop claim page.
  2. Connect your ETH wallet.
  3. If you’re eligible, then you will be able to claim free LFT.
  4. Users who had veCRV and vlCVX by the snapshot date are eligible to claim free airdrop.
  5. Check the airdrop announcement tweet from here.

Leap Airdrop Storage Key Points

Lend Flare is a revolutionary lending platform on the Ethereum blockchain

Lend Flare allows Curve investors to borrow against their LPs for a certain amount of time with a fixed borrow rate and no concerns for assets being liquidated due to price fluctuation.

Why Lend Flare?

Lend Flare allows assets being used more efficiently

For borrowers, Lend Flare deposits their Curve LPs back into Curve via the Convex and takes them as collateral, allowing Curve investors to continue earning their maximum profits from their LPs. Also, Lend Flare only allows borrowers to borrow the same pegged tokens i.e If you hold stethcrv, you can only borrow ETH. As a result, borrowers will have a higher collateral ratio which means they can borrow more compared to other platforms without being worried about being liquidated due to price fluctuation but only time.

Leap Airdrop lenders, their supplied assets will be deposited into Compound first to earn basic interest even when they are not being lent out yet. When borrowers borrow assets, they will have a borrow rate no lower than Compound’s. Lend Flare then withdraw the corresponding fund from Compound and transfer to borrower. Due to high collateral ratio, lenders will gain a much higher supplied interest rate than Compound. Moreover, Lend Flare’s contract is composable so that in the future, the unused loan liquidity can be deposited into other platforms that provides the highest interest.

Assets are safer

Borrowers’ assets will not be lent out again and liquidated due to price fluctuation. If borrowers pay back loans on time, all the LPs will be given back instantly. Lenders’ assets that being lent out can be guaranteed because Lend Flare only allows borrowers to borrow same pegged token with an over collateralized LP for a certain amount of time. The value of LPs are steady because Lend Flare team will eliminate all factory pools at beginning.

No Investment commission

Lend Flare does not charge users for any management fees of Curve and Compound investment in order to ensure the maximum interest of investor’ assets.

What’s the added value of Lend Flare for Curve and Convex ecosystem ?

Leap Airdrop main added value is the possibility for Curve LP holders (the borrowers) to draw fixed-rate, fixed term and high LTV loans against Curve LP tokens used as collaterals, with no concerns for assets being liquidated due to price fluctuation. All in all, Curve LP tokens can be used with more flexibility and freedom.

Is Lend Flare a fork of another protocol ?

No, Lend Flare is not a fork of another protocol. Lend Flare has been only developped by Lend Flare core team.

Why buy LFT tokens?

Leap Airdrop token, LFT, has fair tokenomics. The token was launched during a completely public and transparent process. There is no VC and the team only has 3% of the tokens with a vesting of 2 years. Regarding protocol revenue, Lendflare takes a long-term, low-risk approach, which should result in consistent revenue. More information concerning the tokenomics here.

Tags: How It Work Leap AirdropLeap AirdropLeap Airdrop Review
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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