The NFTs provide access to protocol functionality that can generate millions of dollars in APY boosts. There are a limited number of NFTs available, which is why Minterest is committed to ensuring full tradeability of the NFTs so participants can interchange their NFTs based on their needs.
Here’s one example: Over 72% of all TVL in Compound is held by only a few wallets, according to Dune Analytics
. It is no surprise that the rare and valuable NFTs are especially attractive for large asset holders. The top tier NFT will enable any holder to earn up to 50% more APY* for a five-year period on unlimited TVL. For our 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.
It makes sense that the NFTs could generate tremendous value to anyone who holds them. And, we want to provide opportunities to the Minterest community to gain access to these benefits. The lottery will give our supporters a first chance of winning such NFTs!