The Next Level Minterest APY Boost NFT lottery: Here's what's Inside!

The Next Level Minterest APY Boost NFT lottery.

The entire premise of DeFi is to create a fairer, more inclusive financial ecosystem for all. However, Minterest is fully aware that the biggest proportion of the beneficiaries are professional investors. For example, according to Dune Analytics. 72% of all TVL in Compound is held by only a few wallets. In addition, users often miss out on allocations, and Minterest aims to change this.

Firstly we have created an environment whereby everyone who signs up for the whitelisting is guaranteed an allocation. Secondly we launched a ground-breaking NFT lottery with 7 figure APY boosts that the entire community can access, instead of a wealthy few!

Why NFTs?

The NFTs are designed to incentivise investors with large TVL and to foster long-term loyalty. The NFTs will give the top level investors the ability to earn up to 50% more APY for a three-year period on unlimited TVL. For the largest professional users, this NFT unlocks protocol functionality that can result in millions of dollars of additional rewards. Further, the NFTs work as “keys” to exclusive protocol functionality, e.g. early access to the protocol beta launch.

The NFTs could generate tremendous value for anyone who holds them, and the entire Minterest community will have the opportunity to access them.

How it works

The lottery has 85 NFTs - all providing different boosts over different time periods for unlimited TVL. The 85 NFTs will produce a protocol functionality value-add which will exceed 7-figures. NFT lottery tickets can be collected throughout the Minterest Next Level Community Allocation Event, benefiting early supporters and rewarding referrals.

Winning together - Minterest stretch goals

The protocol supporters are those who make it valuable in the first place which is why everybody is welcome. However we understand that the chance to win NFTs decreases with the more people that participate. To optimise growth, we are introducing stretch goals. The principle is that the more people join, the more NFTs we put in the lottery, and we do so exponentially. This means the more people that join, the more beneficial it becomes for all the participants. Follow us on Twitter to see updates on our stretch goals, and thank you for helping us achieve them!

The NFT Levels & functionality

The Minterest APY boost NFTs have different functionalities based on their levels. As we mentioned in a previous article, the value of one NFT can exceed 7-figures, please visit here for more information: https://minterest.com/nft-lottery. We are making sure that all our community benefits from the tremendous value of these NFTs, locking away 85 of those in the lottery pool!
How users can participate

1. Early sign-ups received a lot of lottery tickets. The sign-up event is now closed. You can check how many lottery tickets you have by typing /status to your Telegram sign-up bot.

2. During the community allocation event, there is a refer-a friend program in place. For every referred person, referrers earn 1 extra ticket for themselves and the referee!

3. In the week of 08.12 - 15.12, right before the LBP token event, there will be a week where again all referrals will be rewarded with 1 lottery ticket for each referral.

More information on the community allocation event you can find on our event home page.

How we manage the bots

There is always an issue with bots that farm community giveaways. To ensure that this can’t happen, we decided that the lottery will be held AFTER the community allocation event and LBP token event. The reason is simple: only real people who participated in the mentioned events will benefit from the lottery results.

Have a look at our event page for more information or ask the Minterest community on Telegram or Discord if you have questions!
What is Minterest?
Minterest is a decentralised lending protocol. It comes with a unique economic model where the protocol itself captures 100% of the value it creates from interest income, flash loan fees, and auto-liquidation fees which it passes on to its users in return for their active participation in governance.
Disclaimer
DUE TO REGULATORY RESTRICTIONS, MNT OR ANY RIGHTS THERETO ARE NOT AVAILABLE TO OR FOR THE BENEFIT OF THE RESIDENTS OF THE UNITED STATES OR THE FOLLOWING LIST OF SANCTIONED COUNTRIES AT THIS TIME. US CITIZENS, US RESIDENTS, OR RESIDENTS OF SANCTIONED COUNTRIES LISTED ATTEMPTING TO PARTICIPATE IN THIS OFFERING WILL NOT BE ABLE TO RECEIVE MNT. SANCTIONED COUNTRIES INCLUDE: CUBA, IRAN, CRIMEA REGION OF UKRAINE, NORTH KOREA, SYRIA.
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