Saturday, January 18

    Echelon

    2 Mins Read

    • Total value: n/a
    • ✅ Airdrop confirmed
    • Platform: Aptos

    Echelon is a universal lending market connecting liquidity and supercharging yields on Aptos. Echelon aims to drive Aptos DeFi ecosystem growth with an efficient, composable debt platform, creating opportunities for additional yield, credit, and derivative products to be buit.

    Echelon is incubated by Aptos and Thala Labs and also leverages Pyth Network for its protocol. The team has confirmed an airdrop in their roadmap, which is slated for Q3 2024. Additionally, they have announced a mainnet launch with a points program and a confirmed TGE for Q2 2024.

    Step-by-Step Guide:

    1. Visit the Echelon website.
    2. Connect your wallet.
    3. Click on confirm to apply the referral code.
    4. You will get a 5% boost on all lifetime points earned if your account is referred by another user.
    5. To qualify for the airdrop, you need some APT. If you don’t have APT, you can get it on Binance.
    6. Transfer your APT to your Aptos wallet, including Pontem or Martian wallets.
    7. Bridge your assets from any chains to Aptos Mainnet from here. Echelon has integrated Wormhole and LayerZero to allow users to bridge their tokens.
    8. Lend and borrow any assets available on the Echelon Dapp.
    9. Echelon has confirmed a TGE for Q2 2024 and an airdrop for Q3 2024. Users who complete the tasks could be eligible for their upcoming airdrop.
    10. Echelon has released details of its point system.
    11. Users can receive Base points from protocol usage. You will receive 1 point per dollar lent per day and 3 points per dollar borrowed per day.
    12. Referral is live, and you can receive 10% of all referee points.
    13. Additionally, there is a booster option where users can earn a booster for completing specific actions. Some of these actions are not live yet.
    14. You can find more details in this official document.
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