NFT Lending Arcade features Erdoop for Ethereum, Solana and Bitcoin collectors

Play centerThe Ethereum-based DeFi protocol for NFT lending will launch its next Airborne ARCD token next week, the company announced.

In the year 2,000 wallets containing Ethereum-based NFTs Pudgy Penguins, Lil Pudgies and Sappy Seals will be randomly selected for airdrops. Approved list.

Another 2,000 wallets from Solana-based Mad Lads and Tensorians NFTs, or Bitcoin-formatted standard Bitcoin toys, NodeMonks and RSIC, are also randomly selected for whitelisting. The weather snapshot was taken two days ago, on February 19. users into Many countriesYou will not be eligible to participate in airdrops including the United States.

While most of Arcade's business takes place on Ethereum, and ARCD is an Ethereum-based token, company founder Robert Masello said the upcoming weather shows Arcade's desire to expand its presence on Solana and Bitcoin.

“We're fans of those communities,” Masello said. Decrypt. “In the future, we can envision Arcade having its own protocols on those networks and supporting those clusters with our lending mission.”

Raffle winners whose NFT Collections wallets have been added to the airdrop's whitelist will have just two hours starting February 21st at 1pm EST to claim their ARCD tokens. Thereafter, any unclaimed positions within the 4,000 wallet airdrop will be open to the holder of the NFTs and Ordinals listed above.

Initially, the entire upcoming 3 million ARCD airdrop was intended to be built on that competing model. But after a bit of pushback from frustrated community members who thought they might lose due to slow responses, the arcade team decided to simplify their “Claim Clash” offering on the “Clash” component.

“I think some people weren't used to the mechanic that came out first. We want to get community feedback,” Maisello said.

While the arcade first aired in October, the ARCD token is currently locked to prevent transfer or sale on secondary markets and can only be used to vote on management proposals. ArcadeDAO. ARCD will eventually have a total token supply of 100 million; After next week's airdrop, the token distribution supply will reach approximately 6.5 million.

But Masiello said steps are underway at ArcadeDAO to open up ARCD and allow sales. While he was tight-lipped on details, he did indicate that next week's airdrop is largely set to set the stage for ARCD's opening.

“We don't have an exact date,” he said. But we expect it to be pretty soon relatively soon.

Edited by Andrew Hayward.