# Unlockd Testnet is Live / Rewards Promised

**Published by:** [Alpha Insiders](https://paragraph.com/@alphainsiders-2/)
**Published on:** 2022-12-28
**URL:** https://paragraph.com/@alphainsiders-2/unlockd-testnet-is-live-rewards-promised

## Content

@Unlockd_Finance is a platform aimed to help you with Instant, safe loans against your NFTs keeping all their utility. Let's see what they have to say! WE (AlphaInsiders) ARE NOT FINANCIAL ADVISORS. THIS IS NOT FINANCIAL ADVICE. Everything in this thread is intended as educational material, not financial advice for any individual. ALWAYS DYOR.⭕️Whats Unlockd?is a decentralized protocol that unlocks democratized NFT liquidity & utility through crosschain/permissionless/instant/NFT-backed loans⭕️How does it work?Lenders deposit their assets in pools to receive yield in exchange for their liquidity contribution.Borrowers take overcollateralized loans, with no fixed expiration date, instantaneously, with a fair interest rate, and against their NFTs — if they are part of the eligible collections. This interest is used to pay lenders' yields, and distribute rewards to token holders.Unlockd is a cross-chain protocol, which means that the NFT deposited as collateral and the tokens borrowed don't need to be on the same chain. Unlockd ecosystem is backed by many investors and they have done partnerships with many projects listed on their website.⭕️ Why are we doing this!Ok wait a second I have to admit I'm not a fan of how they are doing the marketing/ testnets/ and promising the rewards/ Airdrop but I just sharing the news here so its your call do to this or not. You still might wanna test it bcz its a cool product⭕️Token?Tokenomics has not been shared yet. But they already promised A huge % of the total supply will be completely airdropped to the community, in appreciation for the support and use of the protocol. We expect this to happen as soon as Unlockd V1 goes live.⭕️What to do?🔸Conect the wallet and Mint an NFThttps://goerli.unlockd.finance/faucet 🔸Once you mint the NFT/ Test every single thing Earn / Borrow etc... if you don't know how to do that watch 🔸Do some extra tasks to collect points https://airdrop.unlockd.finance?kid=2M08Q6 🔸Join discord and leave feedbackDiscord - Group Chat That's All Fun & GamesDiscord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.https://discord.com🔸Follow @AlphaInsiders for Future UpdatesIf You Want To Claim The Next #Airdrop Make sure to follow 🚨 @AlphaInsiders and Join Our Discord https://discord.gg/alphainsiders We share multiple tasks, high-potential airdrops testnets, alpha, etc...EARLY BIRD GETS THE WORM / Just sayingThis is #AlphaInsiders🕵️‍♂️⚡️

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