Basic Information
| Information | Details |
|---|---|
| Project Name | NX Finance |
| Project Website | Not Known |
| Project Description | A yield layer on Solana offering leveraged strategies for enhanced returns. |
| Project Ticker | NX |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | retroactive |
| Total Airdrop Amount | Not Known |
| Number of Eligible Users | Not Known |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | Not Known |
| Claiming Started | November 1, 2024, 10 AM UTC |
| Claiming Ends | November 30, 2024 |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | Not Known |
| Median/Average | Not Known |
| Minimum | Not Known |
Eligibility Criteria
To qualify for the Season 1 airdrop, participants were required to:
- Deposit and Leverage Assets: Users needed to deposit assets such as SOL, vSOL, or JLP tokens into NX Finance’s vaults (e.g., Lending Vault or Leverage Vault) and utilize leveraged strategies. For example, lending $1 worth of assets might have earned users a set number of points per day (e.g., 3 points/day in past seasons)
- Total Value Locked (TVL) Points: Points were awarded based on the amount and duration of assets deposited or lent. The more deposited and leveraged, the higher the points, which determined airdrop eligibility or allocation
- Staking NX Tokens: Holding and staking NX tokens was a requirement or a booster for airdrop rewards. For instance, staking NX provided a 50% boost to points earned in subsequent airdrop seasons (e.g., Season 2)
- Referral System: Users could earn additional points by referring others to the platform. Each participant received a unique referral code upon joining, and referring friends granted bonus points (e.g., 10% of the points earned by referred users in some campaigns)
- Team Participation: Joining or creating a team within the “Nadventure” campaign enhanced rewards. Teams pooled efforts, and collective deposits increased individual point totals, impacting airdrop eligibility
- Active Engagement: Interacting with NX Finance’s ecosystem, such as using their strategies (e.g., 10x leverage on JLP or farming points for other Solana projects like Jupiter or Kamino), contributed to eligibility. Historical activity was also considered for retroactive airdrops
- Wallet Connection: A Solana-compatible wallet (e.g., Phantom or Backpack) needed to be connected to the NX Finance platform to participate, claim points, or receive tokens The claim period ended on November 30, 2024, with unclaimed NX tokens burned
Important Links
- Official Announcement: NX Finance Twitter Announcement
- Eligibility Criteria: NX Finance Whitepaper - Airdrop
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
Additional Information
- Token Burn: NX Finance implemented a major token burn of 12.5%, reducing the total supply from 100 million to 75 million, including all previous burns
- New Collateral Launch: New collateral options were introduced, marking another key milestone in the project’s roadmap
- Nadventure Pre-Season 2: Following the conclusion of Season 1, Pre-Season 2 commenced on September 10, 2024, with updated rules. All Pre-Season 2 points are transferable to Nadventure Season 2 For more detailed information, refer to the NX Finance Whitepaper