Zealy Quests Update!
If you’ve been doing the Zealy quests for Pinjam’s KAVA testnet — we’ve got some awesome news for you!
The Pinjam team has been going through the quests submissions and to be honest, we have been surprised with the number of entries we’ve gotten.
It is obvious that there is an increasing demand among the DeFi community for what we’re aiming to solve here — generating extra yields with 100% capital efficiency.
With that in mind, here are the AWESOME changes we’re making for our Zealy quests!
Increased Airdrop Allocation For Zealy Quests Airdrop — From 0.25% To 2% of PINKAV Supply (8x Increase!)
Yes, you heard that right!
We’ll be increasing our airdrop allocation from our original 0.25% to 2% of PINKAV supply!
That’s an 8x INCREASE from what we promised previously 😉
We recognize that there has been increasing demand from within the DeFi community and to further incentivize our users as well as encourage further growth, we have decided to increase the airdrop allocation.
That sounds like more airdrop goodness to us!
LGE Participation Incentivisation (New LGE Quests!)
With our Liquidity Generation Event (LGE) coming very soon, we have created a new Zealy quest where you’ll get rewarded for participating in our LGE.
The more you deposit, the higher your rewards!
Here’s how it works:
First, you’d need to deposit a minimum of 120 KAVA into the PINKAV LGE to qualify for this quest.
Next, submit the wallet address that you have used to deposit the KAVA for the PINKAV LGE. Make sure to submit it through the Zealy quest to claim the airdrop — not through our Discord server.
Final XP tally (after adding this quest) will then be manually calculated by the team and will be shared with the community after the LGE.
The XP Exchange Rate for this quest will be 1 KAVA = 35 XP
Depending on how much you have deposited into the PINKAV LGE, you will be separated into your respective tiers as shown below (which will have different multiplier rewards).
XP Multiplier Distribution For This Quest
Tier 0 ➡️ 1x Multiplier with a minimum of 120 KAVA ($100)
Tier 1 ➡️ 1.05x Multiplier with a minimum of 300 KAVA ($250)
Tier 2 ➡️ 1.1x Multiplier with a minimum of 600 KAVA ($500)
Tier 3 ➡️ 1.15x Multiplier with a minimum of 1200 KAVA ($1000)
Tier 4 ➡️ 1.25x Multiplier with a minimum of 3000 KAVA ($2500)
Tier 5 ➡️1.5x Multiplier with a minimum of 6000 KAVA ($5000)
Tier 6 ➡️ 2x Multiplier with a minimum of 12,000 KAVA ($10,000)
Tier 7 ➡️ 3x Multiplier with a minimum of 30,000 KAVA ($25,000)
Tier 8 ➡️ 4.5x Multiplier with a minimum of 50,000 KAVA ($50,000)
Tier 9 ➡️ 7.5x Multiplier with a minimum of 120,000 KAVA ($100,000)
Here’s a quick example of how this will work.
- Assuming you deposited 20,000 KAVA, you will be under Tier 6.
- With 1 KAVA = 0.8 XP, you’ll obtain 16,000 XP.
- Since Tier 6 has a 2x Multiplier, you now have 32,000 XP!
With this quest and tiered multiplier incentivization, we hope to see increased LGE participation which if you’ve read about our LGE collaboration with Équilibre, this will be a notable boost for the KAVA ecosystem!
Zealy Quest: https://zealy.io/c/pinjamlabs/questboard/f24699f4-655b-4f10-b6ea-eaefdcc788d7
Use Pinjam’s Testnet to See 100% Capital Productivity in Action!
Right now, Pinjam is welcoming everybody to check out the testnet.
In fact, we encourage you to break it!
In the testnet, you can see how we ensure that every capital that enters Pinjam is 100% productive — generating yield for lenders.
As a result of that, lending your capital on Pinjam becomes a no-brainer!
Regardless of borrowing demand, you still earn yield.
Peep the “Capital Productivity” section at the top of the image 👀
Want to see your testnet tokens working at 100% capital productivity?
Try it out here: https://staging.pinjamlabs.com/
Stay updated with us here (and join our $PINKAV airdrop program!):
$PINKAV Airdrop Program: https://zealy.io/c/pinjamlabs/questboard
Twitter: https://twitter.com/PinjamLabs
Discord: https://discord.gg/5F66V8cKqa
Website: https://pinjamlabs.com/
