Nerite Airdrop: Don’t Miss This Exclusive Opportunity

Nerite Airdrop: Don’t Miss This Exclusive Opportunity

Nerite is an innovative decentralized finance (DeFi) protocol built on the Arbitrum network, functioning as an enhanced fork of Liquity v2. The protocol introduces USDN, a new over-collateralized stablecoin pegged to $1, which offers unique advantages in terms of utility, security, and scalability compared to existing stablecoin solutions.

At its core, Nerite allows users to create troves by depositing ETH as collateral and borrowing USDN stablecoins with zero interest rates. What sets Nerite apart is its immutable design and the ability for users to set custom interest rates, providing greater flexibility in managing their positions. This approach to stablecoin creation combines the proven mechanics of Liquity with novel features that enhance user control and economic efficiency.

Nerite Airdrop Details

The Nerite airdrop is currently unconfirmed but highly anticipated within the DeFi community given a NERI token is mentioned in the docs. Nerite have recently released details on their BOLD incentive program, which provides a few clear pathways to earning Nerite tokens.

The primary eligibility criteria center around three main activities: minting the Nerite NFT, supplying BOLD to Liquity v2’s stability pools, and providing liquidity for BOLD/USDN on Arbitrum.

Users who mint the Nerite Go Slow Open Edition NFT may be positioned to receive future token rewards. Additionally, users who supply BOLD tokens to Liquity v2’s stability pool can earn incentives from Nerite (2.5% of the NERI supply) and other Liquity forks, creating multiple opportunities for potential rewards. Finally, users who provide liquidity for BOLD/USDN on Arbitrum will also be rewarded with 4% of the NERI supply.

How to Participate in the Nerite Airdrop

Mint Nerite’s Go Slow Open Edition NFT

1. Ensure you have ETH on Arbitrum
   • If you don’t have ETH, purchase it on Binance
   • Withdraw the ETH to your wallet via the Arbitrum network
2. Visit mint.nerite.org
   • Connect your Web3 wallet
   • Select the number of NFTs you want to mint (deadline: January 31st, 2025)
   • Each NFT costs 0.005 ETH plus gas fees
3. Complete the minting process
   • Click on “Mint”
   • Confirm the transaction in your wallet
   • Wait for the transaction to complete

Supply BOLD to Liquity’s Stability Pools

1. Acquire BOLD tokens
   • Visit DeFiLlama swap
   • Ensure you have ETH on mainnet for gas fees
   • Swap ETH/other tokens for BOLD tokens

1. Deposit BOLD in Liquity’s stability pool
   • Navigate to liquity.app
   • Go to the “Earn” section
   • Select your preferred stability pool
   • Click the “+” symbol to initiate a deposit
   • Enter your desired deposit amount
   • Confirm the transaction

Supply Liquidity to BOLD/USDN pools on Arbitrum (upcoming)

1. Acquire the USDN stablecoin once it launches (expected date: February 20th, 2025)
2. Supply liquidity to the BOLD/USDN pool on Ramses exchange
3. Follow Nerite on X for updates on when it launches

Maximizing Your Chances

Best Practices

• Consider minting multiple NFTs to potentially increase your allocation
• Maintain your BOLD deposits in the stability pool for longer periods
• A further 2.5% of the NERI supply is dedicated to long term incentives for using BOLD across the Arbitrum DeFi ecosystem.
• Follow Nerite’s official X (Twitter) account for important updates

Risk Considerations

• NFT minting requires upfront capital investment
• Stability pool participation involves smart contract risks
• The airdrop is not confirmed, and participation doesn’t guarantee rewards