How Minterest NFTs enhance yield generation

We are excited to announce that the Minterest NFT boost just went live on March 18th! The Minterest NFT collection offers 3,000 NFTs across 12 tiers, with each NFT featuring one of 100 unique designs.

The rarer the design, the bigger the Emission Boost and the longer it lasts. Simply holding an NFT can enhance your $MINTY (and $MNT on Mantle Network) yield by up to 50%, based on its tier, turning participation in Minterest into an even more rewarding experience.

This article will explore how the Yield Boost works and how to leverage it for higher potential rewards.

Understanding yields on Minterest

Minterest provides five distinct yield types, each tailored to meet diverse investor needs and strategies:

Base interest: The basic yield you get from lending or borrowing activities.
$MINTY rewards: Rewards in Minterest’s native token.
$MNT rewards: Rewards in the Mantle Network token, diversifying your yield sources.
NFT Boost: 20-50% increase in $MINTY (and $MNT rewards if on Mantle Network).
Native yield: Inbuilt yield from interest bearing assets like USDY and mETH.

Choosing your token market is key, as each asset comes with unique yield potential. To check what yields you can earn, hover over the question mark icon next to the token market on the Minterest app.

Introducing Minterest NFTs

Minterest NFTs are a tool intended to boost potential rewards. To illustrate the impact of these NFTs, let’s look at two examples:

Borrowing $mUSD

Consider a scenario where you borrow $mUSD on Minterest. Without NFT boost borrowing, $mUSD yields 27% in MINTY and MNT emissions.

Now, introduce a Tier-12 NFT with a 20% Yield Boost. Suddenly, your illustrative yield could rise to (27% * 1.20) = >33% (after applying the boost).

Borrowing $USDT

When borrowing $USDT, yields see a similar boost. Without the NFT, in this example, you earn 17% in MINTY and MNT. With an NFT Boost, this could increase from 17% to (17% * 1.20) = about >20%!

How to use your Minterest NFTs

Using your NFTs on Minterest is easy. To activate the Yield Boost NFT, make sure it is bridged to the chain you are lending or borrowing on, for example, the Mantle Network. The NFT must be in the same wallet that you are lending and borrowing from. It will appear on your Minterest dashboard and the boost is automatically applied. Please refer to our guide on how to bridge Minterest NFTs to Mantle here.

Conclusion

You can consider adding a Minterest NFT to your collection to pursue higher yields. Add them to your collection by purchasing from OpenSea and Mintle.

Percentage boosts, fee-routing amounts, and example APYs are illustrative targets based on current parameters and may change through governance decisions, audits, or market conditions; they may be modified, delayed, or suspended without notice. Results are not guaranteed, and nothing herein constitutes financial, legal, or investment advice.† “Up-to” figures show maximum theoretical boosts; actual boosts depend on NFT tier, market conditions, and emission schedules.

21, March 2024