Proton Lend To Airdrop LOAN Token To XPR and MTL Holders & Stakers
MetalPay a blockchain-based payment processing platform announced the introduction of LOAN governance token for Proton Lend and the incoming airdrop that can only be accessed directly on the Proton blockchain.
HOW TO EARN LOAN TOKEN
- The initial airdrop of LOAN to XMT (known as MTL on Ethereum), XPR and XPR short/long term stakers
- Liquidity mining on Proton Lend via providing liquidity to any approved pair on Proton Lend protocol
- Liquidity mining on Proton Swap via providing liquidity against any LOAN pair
The LOAN token will be used to vote on governance decisions such as which tokens can be collateralized on the protocol to borrow and lend, as well as the rates for borrowing.
Accessing the initial airdrop as well as liquidity mining can only be done on the Proton blockchain, the Proton Lend and Proton Swap protocol and the distribution of the airdrop is as follows.
- 333:1 XMT (known as MTL on Ethereum)
- 1:1 XPR unstaked
- 2:1 XPR short staked
- 10:1 XPR long staked 90 day
- 30:1 XPR long staked 365 day
Proton Lend opens up a new possibility for borrowing and lending against multiple blockchains that were not accessible on Ethereum or other protocols. LOAN airdrop will commence on June 15th at 12am PST, any of the listed tokens that are held on Proton or in short or long staking contract at that time will receive the airdrop.
ABOUT Proton Lend
Proton Lend (LOAN), a new decentralized finance lending market built on the Proton blockchain. LOAN tokens will be used to vote on decisions related to protocol parameters as well as voting for assets that can be used as collateral and other governance measures.
ABOUT MetalPay
MetalPay is a blockchain-based payment processing platform, which intends to introduce cryptocurrency to the mass-market level by combining participation incentives with a clean, user-friendly interface unseen in cryptocurrencies
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