Echelon Airdrop
Echelon is a lending protocol where you can earn points by supplying and borrowing assets.
Echelon is a decentralized money market built on Ethereum that allows users to supply collateral and borrow against it.
The protocol incentivizes users through a points program that tracks how much value you bring to the lending ecosystem.
By participating in lending and borrowing, you accumulate points that will eventually determine your allocation of their future governance token.
Who qualifies
Users who hold major Ethereum assets and are comfortable with lending protocol risks.
How to qualify and claim
- 11. Verify the official URL to ensure you are not on a phishing site.
- 22. Connect your wallet to the Echelon lending dashboard.
- 33. Supply assets like ETH or USDC to the lending pools.
- 44. Borrow against your collateral if you want to increase your points accumulation rate.
- 55. Check your points status regularly on the leaderboard page.
- 66. Maintain your health factor to avoid liquidation of your assets.
Tips to improve your odds
- ▸Keep your loan to value ratio low to avoid the risk of losing your collateral.
- ▸Compare lending rates across different protocols to ensure you get the best return.
- ▸Join the official Discord to ask questions about the current points multiplier.
Official links
Only use the official links above. Never enter a seed phrase and never sign a transaction you do not understand.
Frequently asked questions
What is the cost to participate?
You need to pay gas fees for every interaction. You might also pay interest if you choose to borrow assets.
Can I lose money here?
Yes, if your collateral value drops below the required threshold, your assets can be liquidated. Manage your position carefully.
How do I check my points?
Connect your wallet to the official Echelon dashboard and view your account profile. Your points should be displayed clearly.