Drops and testnets are the new narrative in the crypto market, which Blast has largely contributed to.
Typically, chains and protocols for dropping tokens and faucets use a combination of smart contracts and bots or sites, and it has to be done separately for each token.
Envelop offers a different approach.
Envelop is now offering any protocol on Blast to create such vaults for its testers for free.
Go to Envelop wrapper dApp
Set Advanced Wrap Mode.
You can leave the default settings or select your own if you want to set your own NFT metadata or choose the ERC-115 standard.
Add to the collateral any tokens your community may need. For an example, I'll take native ETH, ERC-20 tokens Envelop and Monoswap, and some NFT that can be minted here
Below you can set the time after which the user can remove the collateral from the vault and use the tokens, but keep in mind that until the end of the unlocking period the vaults remain liquid and can be transferred or sold permissionless at NFT Marketplaces. In this way you can estimate the demand for tokens by the volume of the secondary market. For example I set 10 days timelock.
Click the “Wrap” button and approve transactions.
Wait for NFT oracle to synchronize and you will see your vault. Our vault with 1246 token ID.
By clicking on the picture you can see detailed vault data.
Envelop is a collateral-backed and price discovery cross-chain protocol to provide NFT with inner value and liquidity.
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🌎 Website | 🐦 Twitter | 🗯 Telegram-chat | 🐱 Github | 📢 TG channel
📩 Wrapper dApp | 🌾 Farming dApp | 🗂 SAFT wNFT | 🔨 Mint
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Drops and testnets are the new narrative in the crypto market, which Blast has largely contributed to.
Typically, chains and protocols for dropping tokens and faucets use a combination of smart contracts and bots or sites, and it has to be done separately for each token.
Envelop offers a different approach.
Envelop is now offering any protocol on Blast to create such vaults for its testers for free.
Go to Envelop wrapper dApp
Set Advanced Wrap Mode.
You can leave the default settings or select your own if you want to set your own NFT metadata or choose the ERC-115 standard.
Add to the collateral any tokens your community may need. For an example, I'll take native ETH, ERC-20 tokens Envelop and Monoswap, and some NFT that can be minted here
Below you can set the time after which the user can remove the collateral from the vault and use the tokens, but keep in mind that until the end of the unlocking period the vaults remain liquid and can be transferred or sold permissionless at NFT Marketplaces. In this way you can estimate the demand for tokens by the volume of the secondary market. For example I set 10 days timelock.
Click the “Wrap” button and approve transactions.
Wait for NFT oracle to synchronize and you will see your vault. Our vault with 1246 token ID.
By clicking on the picture you can see detailed vault data.
Envelop is a collateral-backed and price discovery cross-chain protocol to provide NFT with inner value and liquidity.
Subscribe
🌎 Website | 🐦 Twitter | 🗯 Telegram-chat | 🐱 Github | 📢 TG channel
📩 Wrapper dApp | 🌾 Farming dApp | 🗂 SAFT wNFT | 🔨 Mint
Envelop ItTypes of Lending Protocols
DeFi is like a cow—looks calm, but can kick you if you’re not paying attention. Farmer Joe (C)Not all lendings are the same, so let's take a closer look at some of them.Peer-to-Pool (P2Pool) protocolsPeer2Pool lending protocols in DeFi (Decentralized Finance) work by connecting lenders and borrowers through a liquidity pool rather than direct matching.How it works:Lenders deposit crypto assets into a shared pool (the "pool").Borrowers take loans from this pool, typically by posting colla...
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On June 26, L2 Blast distributed the drop for Phase 1. One of the features of this campaign was to incentivize ecosystem users not directly, but through projects. Some of the Blast points and gold were allocated to projects, which they in turn had to distribute to their users. Blast has done a great job of involving users in the ecosystem, but there is always a dilemma in such cases. On the one hand you need to achieve successful metrics such as TVL, number of unique users, transactions, etc....
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Despite the bear market and the closure of many projects, the NFT industry has not only survived, but has continued to grow. For most of the year, it seemed that the NFT market was dying.Meta winds down support for NFTs on Instagram and Facebook,Decommissioning NFTs on Behance,The NFT Crash: Blue Chip NFT Floor Prices Down 83%but there were some points:NFT in Simpsons,Entertainment giant Disney will launch an NFT collectibles platform with Dapper Labs called Disney Pinnacle,Animoca Brands to ...
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