Thursday, November 21

    Defi.Money

    2 Mins Read

    • Total value: n/a
    • ❌ Airdrop unconfirmed
    • Platform: arbitrum, optimism

    $MONEY is a freely tradable digital dollar that’s interoperable with any EVM built by Defi.Money as an authorized fork of Curve’s crvUSD. The project has a strategic funding round with participation from the founder of Curve, Morningstar Ventures, LayerZero Angels and others.

    Defi.Money recently announced the guarded release of their platform and are running a points program to reward users for minting, staking, and locking $MONEY as well as certain LP tokens that support the protocol.

    Step-by-Step Guide:

    1. Points can be earned by minting $MONEY. ETH, stETH or WBTC are currently supported and these assets should be on the Arbitrum or OP networks.
    2. You can buy some ETH or WBTC on Binance. If you don’t have any crypto funds, you can also directly deposit fiat to Binance and purchase ETH or WBTC.
    3. Visit Rhino.fi, connect your ETH wallet and sign two messages (no gas fees). Bridge ETH, stETH or WBTC to Arbitrum or OP.
    4. Visit Defi.Money and connect your wallet.
    5. Deposit any of the supported assets to mint $MONEY. It’s recommended to read the docs before minting $MONEY and ensure you understand how it works, as liquidation are possible if the loan health becomes too low.
    6. Points can also be earned by staking $MONEY and/or providing liquidity to various $MONEY pools.
    7. Also, generate a unique referral link and share with friends to earn 10% of their points.
    8. On top of points for interacting with Defi.Money, there are also veCRV points.
    9. Curve users who lock the CRV token and hold veCRV (vote escrowed CRV) earn veCRV points. A balance of at least 1,000 veCRV is required to be eligible.
    10. At the start of every epoch the points reset, and your final score for the Points program is determined by your points in the two categorize across all epochs. Each epoch lasts 3 days.
    11. For more information about the points program, check out this article.
    12. Follow Defi.Money on X for further updates.
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