Ambit Finance Airdrop Guide: Your Daily Dose of Degen Rewards

Ambit Finance Airdrop Guide: Your Daily Dose of Degen Rewards

Yo, Degens! Your favorite source of degeneracy is back with another hot opportunity to score some free crypto. Today's guide delves into the Ambit Finance airdrop, a chance to snag some AMBT tokens just for interacting with their innovative cross-chain DeFi platform.

But wait, Degen Source, isn't messing around with new DeFi projects risky?

Of course it is! But hey, that's the degen spirit, right? High risk, high potential reward. And with Binance Labs backing Ambit Finance with a cool $4.5 million, the risk might just be worth it.

What is Ambit Finance?

Ambit Finance isn't your average DeFi protocol. They're a new breed offering a range of features, from simple yield generation on stablecoin deposits to sustainable money market lending and risk-defined portfolio investment strategies. They aim to provide a user-friendly experience that goes beyond what currently exists in DeFi.

So, how do you get your grubby little hands on some AMBT tokens? Buckle up, degens, because it's time to get your hands dirty:

Step 1: Gear Up

Before you dive in, make sure you have the essentials:

  • A MetaMask wallet: This is your gateway to the DeFi world. If you don't have one, get one. It's free and easy.
  • Some BNB and USDT: You'll need these to cover gas fees and interact with the platform. You can grab them on Binance if you haven't already.

Step 2: Head to Ambit Finance

Visit the Ambit Finance website (we ain't dropping links here, degens gotta do their own research!). Make sure you're on the Binance Smart Chain (BSC) network before connecting your MetaMask wallet.

Step 3: Get Your Degen On

Now comes the fun part: interacting with the platform and racking up those airdrop points. Here are some ways to do it:

  • Deposit USDT: Head to the "Deposits" section and deposit some USDT. This will be converted to AUSD, their yield-bearing stablecoin, and start earning you passive income.
  • Build your portfolio: Go to the "Portfolio" section and add some other tokens. This increases your borrowing power, which will come in handy later.
  • Borrow responsibly: Go to the "Health & Borrowing" section and borrow some USDT. Remember, degens borrow, whales repay. Don't go overboard!
  • Become a liquidity provider: Head over to PancakeSwap and supply liquidity to the $AUSD/$USDT pool. This not only helps the platform but also earns you some sweet LP fees.

Important Update:

  • Testnet Participation: While not explicitly confirmed as part of the airdrop by the Ambit team, participating in their testnet and providing feedback is seen as a positive sign by the community. You can find their testnet guide on their Medium page.
  • Additional Airdrop Sources: Early users who participated in the Ambit Finance testnet, Zealy campaign, and Galxe campaign are also eligible for the airdrop. Keep an eye on their official channels for further details.

Step 4: Sit Back and Relax (Maybe)

By doing these activities, you'll be earning airdrop points. The more points you collect, the more AMBT tokens you'll get after the Token Generation Event (TGE).

Remember, degens:

  • This is still an early project, so do your own research before diving in.
  • Don't invest what you can't afford to lose.
  • Be wary of scams and never share your wallet details with anyone.

Now go forth, degens, and claim your share of the Ambit Finance airdrop! Remember, Degen Source is not responsible for any losses, but we are always down to celebrate your wins. So, if you score some sweet AMBT tokens, hit us up on Twitter and let us know!

Disclaimer: This is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.

Additional Info:

  • Ambit Finance is allocating 5% of their total AMBT supply to the airdrop.
  • You can find more information about the airdrop in their Medium article