Ambit Finance

Ambit Finance

Ambit Finance is a new breed of cross-chain DeFi protocol which offers a range of functionality to users, from simple yield creation on stablecoin deposits, to sustainable money market lending and risk-defined portfolio investment strategies - all within a user friendly environment. Ambit's “North Star” is to provide a user experience that is well beyond the ambit of what exists in DeFi today.

  • Airdrop

About Ambit Finance

Ambit Finance is a new breed of cross-chain DeFi protocol which offers a range of functionality to users, from simple yield creation on stablecoin deposits, to sustainable money market lending and risk-defined portfolio investment strategies – all within a user friendly environment. Ambit’s “North Star” is to provide a user experience that is well beyond the ambit of what exists in DeFi today.

Ambit Finance will be airdropping 5% of the total supply of AMBT tokens to users who interact with the platform and collect points. Users who deposit, borrow and provide liquidity will get points. The points will be converted to AMBT tokens after TGE. Users who participated in their testnet, as well as other campaigns, will also get AMBT after the TGE.

Step-by-Step Guide:

  1. Now, visit the Ambit Finance website.
  2. Connect your wallet.
  3. Change the network to Binance Smart Chain.
  4. You will need some BNB and USDT. You can get it on Binance.
  5. Go to “Deposits” and deposit USDT.
  6. You will get AUSD and starts earning you yield.
  7. Go to “Portfolio” and add some tokens. Adding assets to the portfolio will increase your borrowing power.
  8. Now go to “Health & Borrowing” and borrow some USDT.
  9. Also, supply liquidity to the $AUSD/$USDT pool on PancakeSwap.
  10. You will start collecting airdrop points for doing the above tasks.
  11. They’ve allocated 5% of the total supply of AMBT tokens for airdrop.
  12. Users who collect points will get free AMBT after TGE.
  13. Early users who participated in their testnet, as well as Zealy and Galxe campaigns, will also receive AMBT airdrop after TGE.
  14. For more information regarding the airdrop, see this Medium article.