UntitledBank is a permissionless lending platform built on the Soneium blockchain, offering seamless lending and borrowing services. As a winner of the prestigious Soneium Spark Incubation program, it stands out as an innovative force in decentralized finance (DeFi). The platform has undergone security audits by ScaleBit and Besion, ensuring a safe and reliable experience for users.
By leveraging Soneium’s scalability, UntitledBank enables users to earn yields on deposited assets while accessing liquidity through borrowing. With a blend of traditional lending and modern DeFi features, the platform bridges the gap between conventional finance and decentralized solutions.
UntitledBank Airdrop: How to Earn Rewards
UntitledBank has confirmed an upcoming airdrop, rewarding community members through a points-based system. Users accumulate U Points by interacting with the platform, and airdrop allocations will be based on these earned points.
Ways to Earn U Points:
- Lending & Borrowing: Earn points for depositing or borrowing assets.
- Referral Program: Get bonus points for referring friends.
- Community Engagement: Participate in Discord discussions and events.
Currently, the points campaign is live, allowing users to maximize their potential rewards before the airdrop distribution.
Step-by-Step Guide to Participate in the Airdrop
1. Getting Started on Soneium
- Set up a compatible Web3 wallet (Rabby recommended).
- Purchase ETH from a centralized exchange (e.g., Binance).
- Withdraw ETH to your Ethereum mainnet wallet.
- Bridge ETH to the Soneium blockchain using Relay or Superbridge.
- Swap ETH for WETH, USDC.e, or ASTAR using SoneFi.
- Ensure you have enough tokens to interact with the platform.
2. Earning U Points
Lending Strategy
- Go to the “Earn” section on UntitledBank.
- Deposit assets into lending pools.
- Earn 1 U Point per hour for every $100 deposited.
- Track deposits and rewards on the dashboard.
Borrowing Strategy
- Navigate to the borrowing section.
- Borrow assets against collateral.
- Earn 2 U Points per hour for every $100 borrowed.
- Maintain healthy collateral ratios to avoid liquidation.
Referral Program
- Visit the “Rewards” page.
- Generate your unique referral link.
- Share it with friends.
- Earn a 10% bonus on their point earnings.
Community Engagement
- Join the official UntitledBank Discord.
- Participate in events and discussions.
- Earn additional Engage Points for active contributions.
- Upgrade your membership card for point multipliers.
Tips to Maximize Your Rewards
- Balance Deposits & Borrows: Optimize point generation.
- Engage in Events: Bonus points are often available.
- Increase Deposits or Borrows: Higher amounts earn more points.
- Stay Active on Discord: Unlock additional rewards.
- Upgrade Membership Card: Higher tiers offer better multipliers.
Read Also: PublicAI Airdrop Confirmed | Step-by-Step Guide to Claim $PUBLIC Tokens
Frequently Asked Questions
What assets can I deposit on UntitledBank?
Supported assets include WETH, USDC.e, and ASTAR on the Soneium blockchain.
How are U Points calculated?
- 1 U Point per $100 deposited per hour
- 2 U Points per $100 borrowed per hour
How long will the points campaign last?
The exact duration has not been announced. Stay updated via official channels.
Are there risks involved?
While security audits have been conducted, users should be aware of standard DeFi risks, including smart contract vulnerabilities, market volatility, and liquidation risks when borrowing.
The UntitledBank airdrop presents an exciting opportunity to earn rewards while engaging with a next-gen DeFi platform. By following this guide and staying active in the ecosystem, users can maximize their airdrop allocation.
Looking for more potential airdrops? Check out our list of upcoming DeFi airdrops and stay ahead in the crypto space!
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