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IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
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When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
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Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
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The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
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BenQi is a non-custodial liquidity market protocol on the Avalanche Network. You can lend assets and borrow against those assets on BenQi. Lending assets allows you to earn interest on those assets.
Avalanche is an open-source, proof-of-stake smart contracts platform that allows developers to build decentralized applications. Avalanche offers near-instant transaction finality and uses the native AVAX token to pay for gas and secure the network by staking.
Visit app.benqi.fi and connect your wallet.
If your wallet is not on the Avalanche Network, a popup will prompt you to switch to the network. Click on “Switch to Avalanche” and sign it with your wallet.
Once you switch to the Avalanche Network, you will see this page on BenQi.
Note: Before you can Borrow assets on BenQi, you have to deposit some collateral that you will be using to borrow against. The Pathfinder guide linked below will show you how to Lend assets on BenQi.
https://rabbithole.mirror.xyz/20K6bEOS16QPJU6GGOn1nUN0a4KWIUyfoPMKcT6o50Y
Once you’ve completed lending assets, you can follow the steps below to Borrow assets on BenQi.
Click on “Borrow”.
Select the asset you would like to borrow. You can choose from AVAX, USDC.e, USDT.e, DAI.e, WBTC.e, WETH.e, and LINK.e.
Enter the amount you would like to borrow. Make sure to pay attention to the health of your position after borrowing. If your borrow limit exceeds 100%, a portion of your collateral could be liquidated to repay your debt. You will also see this warning when you try to borrow more than 80% of your deposit.
Click on “Borrow” and sign the transaction with your wallet to confirm it. This step requires you to pay for gas in AVAX
Once the transaction is finalized, the assets you choose to borrow will be in your wallet. You will also see positions open under the “Borrowed” section like this.
Congratulations! You have now successfully borrowed assets on BenQi!
BenQi is a non-custodial liquidity market protocol on the Avalanche Network. You can lend assets and borrow against those assets on BenQi. Lending assets allows you to earn interest on those assets.
Avalanche is an open-source, proof-of-stake smart contracts platform that allows developers to build decentralized applications. Avalanche offers near-instant transaction finality and uses the native AVAX token to pay for gas and secure the network by staking.
Visit app.benqi.fi and connect your wallet.
If your wallet is not on the Avalanche Network, a popup will prompt you to switch to the network. Click on “Switch to Avalanche” and sign it with your wallet.
Once you switch to the Avalanche Network, you will see this page on BenQi.
Note: Before you can Borrow assets on BenQi, you have to deposit some collateral that you will be using to borrow against. The Pathfinder guide linked below will show you how to Lend assets on BenQi.
https://rabbithole.mirror.xyz/20K6bEOS16QPJU6GGOn1nUN0a4KWIUyfoPMKcT6o50Y
Once you’ve completed lending assets, you can follow the steps below to Borrow assets on BenQi.
Click on “Borrow”.
Select the asset you would like to borrow. You can choose from AVAX, USDC.e, USDT.e, DAI.e, WBTC.e, WETH.e, and LINK.e.
Enter the amount you would like to borrow. Make sure to pay attention to the health of your position after borrowing. If your borrow limit exceeds 100%, a portion of your collateral could be liquidated to repay your debt. You will also see this warning when you try to borrow more than 80% of your deposit.
Click on “Borrow” and sign the transaction with your wallet to confirm it. This step requires you to pay for gas in AVAX
Once the transaction is finalized, the assets you choose to borrow will be in your wallet. You will also see positions open under the “Borrowed” section like this.
Congratulations! You have now successfully borrowed assets on BenQi!
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