Ambit Finance is a new type of cross-chain DeFi protocol that offers users a full range of features, from simple yield generation on stablecoin deposits to sustainable money market lending and risk-managed portfolio investment strategies – all within an intuitive interface. Ambit’s goal is to deliver a user experience far beyond what currently exists in DeFi.
Ambit Finance will airdrop 5% of AMBT tokens to users who earn points through interacting with the platform. Users can collect points by depositing, borrowing, and supplying liquidity. After the token generation event, these points will convert to AMBT tokens. Users who participated in the testnet and other campaigns will also receive AMBT tokens post-launch.
Here’s a step-by-step guide:
- Visit the Ambit Finance website.
- Connect your wallet.
- Change the network to Binance Smart Chain.
- Obtain BNB and USDT from Binance.
- Deposit USDT under “Deposits”.
- Earn AUSD, initiating yield.
- Add tokens to your portfolio to enhance borrowing capacity.
- Borrow USDT under “Health & Borrowing”.
- Provide liquidity to $AUSD/$USDT pool on PancakeSwap.
- Accumulate airdrop points for activities mentioned above, with 5% of total AMBT tokens reserved for this purpose. For more information regarding the airdrop, see this Medium article.
