How to Participate Whitehole Finance in its ongoing Testnet Airdrop

 How to Participate Whitehole Finance  in its ongoing Testnet Airdrop

Whitehole Finance is a multi-asset lending protocol that uses NFTs and cryptocurrencies as collateral assets, solving the rigid capital efficiency of NFTs and providing easy access to DeFi through a smooth UI/UX Let me break this down, with Whitehole, a user can give out a loan in form of crypto or Nft and Earn interest from his loaned asset,

Also can get a loan in form of Nft or coin, which he can use to explore, make a profit, and repay back in a few days with little interest.

NFTs can be utilized as collateral assets in Whitehole Finance.

A user can borrow crypto assets using NFT as collateral, utilize them as long they want, and cancel the loan by promptly repaying the debt.

Any Web 3.0 users will have access to Whitehole Finance, which will enable them to profit from all tokenized virtual assets.

The Whitehole Finance governance token is GRV. Securing $GRV helps you obtain $veGRV.

$GRV emission and price is sustainable through the Ecoscore infrastructure.

Whitehole Finance has a special system called EcoScore that measures how much each user contributes to the ecosystem overall. It is fairly meant to reward users who have high protocol loyalty 

EcoScore is divided into 5 zones (Red, Orange, Yellow, Light Green, and Green), with higher zones offering exponentially more benefits. The opposite situation (low zone) results in low profit.

The benefit of Ecoscore is that the protocol's limited resources are allocated in the order of holders with the highest loyalties, keeping overall inflation constant while reducing the quantity of GRV distributed to the market.

The claim ratio of reward GRV to the amount of veGRV serves as the benchmark for evaluating a user's Eco Zone (whether Red or green)

Here is a quick list that helps explain more

The difference between red and green can be up to 30-40 times and therefore the $GRV value can only go up.

And that system somehow forces mercenary money to stay in the ecosystem.

And by utilizing cross-chain, ETH blue-chip NFTs can also be utilized and farmed directly into loans, and by doing so, users will see an increase in interest rates due to the demand for NFT loans and the demand for crypto loans.

And half of each feature's revenue is distributed in order of highest Ecoscore.

We believe that NFT users will naturally integrate into DeFi (by compounding their farmed GRVs), which will impact not only existing DeFi users but also most of Web3.

Along the way, we will naturally partner with several NFT projects, and we expect to see an influx of people from those projects.

How to participate in the Testnet?

Step 1 - Head to www.testnet.whitehole.finance, Click on join testnet, connect your MM wallet

Step 2 — Add Arbitrum Goerli Testnet to Metamask

1.  Upon connecting the wallet, the network will automatically convert to Testnet.

2.  Users with a Whitelist NFT or Discord OG-Role can connect their Abitrum Testnet wallet.

Step 2 — Receive Testnet Tokens

1.  Go to the Testnet.

2. Receive AGOR (Arbitrum goerli Eth), other Tokens, and NFTs using the faucet in the image below, or use www.faucet.triangleplatform.com/arbitrum/goerli

You can do the below activities on the testnet.

1.  Deposit

2.  Borrow

3.  Claim $GRV

4.  $GRV Lock

5.  Repay

6.  NFT Deposit&Borrow

7.  Borrow More

8.  Repay

9.  Bid (NFT Auction)

10.  Liquidate (NFT Auction)

Accumulate as much of the $GRV as you can and lock it up. At the end of each phase, Mystery Box will be airdropped to the top 2000 participants.

Also the testnet tasks will be announced through Crew3. Complete the quests and submit TX to earn huge XP.

In addition, those who complete the Crew3 quests diligently will soon be awarded with Mystery Boxes. There will be a first snapshot for the top 1,000 on March 10th.

So, Don’t forget to check Crew3 regularly to receive Mystery Box rewards!

Crew3 👉  https://crew3.xyz/c/whiteholefinance-official/invite/d85HNHk48BJ85VXp5PYUU

About 

Whitehole Finance is a multi-asset lending protocol that uses NFTs and cryptocurrencies as collateral assets, solving the rigid capital efficiency of NFTs and providing easy access to DeFi through a smooth UI/UX.

OFFICIAL LINKS:

-Official Website: https://testnet.whitehole.finance/

-Official Twitter: https://twitter.com/whiteholeFi

-Official Telegram Global: https://t.me/whiteholefinance

-Official Discord : https://discord.gg/rt54EKKC

-Docs: https://docs.whitehole.finance/