Minterest Announcements

2022-02-10 12:03:31 Last day of the Minterest LBP!

lbp.minterest.com

With just FIVE hours to go:

Over $4.2M in USDC raised so far

Check out the graph above for the price progression of $MNT overnight - current price stands at $4.00!

In #TheFightForSatoshi, the current largest buyer (Wallet 6122, nicknamed Chadrick) bought $420k of $MNT to snag the top Level 1 NFT, and is closely followed by numerous buyers (nicknamed Cyber, Bentley, Dilbert and Fitzgerald) all also holding over $250k of MNT. The fight intensifies! Will Cyber pull out all the stops at the last minute to ambush Chadrick? Join our Discord to follow the fight!

From Level 4 upwards, all NFTs are being held by buyers who bought over 6 figures worth of $MNT.

From end Q1 2022, #NextLevelNFTs won from the LBP or various Minterest events will be tradeable on NFTrade, the upcoming Moonbeam NFT Marketplace



Still hoping for a #NextLevelNFT? Retweet this LBP announcement and 3 lucky winners will be chosen to receive an NFT of their own! Open / Comment

2022-02-09 18:21:38 At the halfway point of the Minterest LBP, #TheFightForSatoshi rages on!

Two wallets nicknamed Bentley and Dilbert (for the letters in their last four characters) are now neck-and-neck for the #1 NFT with their ~250k USDC purchases of $MNT. All eyes are now on Bentley and Dilbert! 23 hours left - who will triumph?

$MNT reached a local high of $4.18 earlier today, and is finally below $4 again with its current price of $3.78

As of this post, Ethereum gas is bouncing between 50 & 90 gwei within seconds - making Balancer swaps cost between $40 to $80

Minimum purchase for a Level 8 NFT (granting an APY boost of 27.5% for 18 months) is now 4 figures

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Participate in the LBP and view the NFT Leaderboard here!

Still wondering why and how you should take part in the LBP? Check out these blogs!

For more live commentary about the LBP, join us in the LBP Channel in Discord!

Want to win an NFT without taking part in the LBP? Give the LBP quiz a shot here! Open / Comment

2022-02-09 12:44:47 With just 28 hours left to go in the #MinterestLBP:

Over 1.7 million USDC has been raised in the LBP

$MNT bounced up to $3.78 overnight

A new competitor has entered #TheFightForSatoshi!

4b36 came in like a wrecking ball with almost a quarter of a million USDC, knocking out 6f28 into 2nd place. Our former 3rd place champion, f7a9, has now been relegated to 5th place.

Will things heat up later today? Will 4b36 deploy more funds to fiercely defend their position at the top? Let's find out!

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Participate in the LBP and view the NFT Leaderboard at https://lbp.minterest.com/ - there are 300 NFTs to be given away according to purchase amount in USDC, and currently even low 3-figure buys are on the leaderboard!

For more live commentary from the Minterest team and discussion about LBP developments, join us in the LBP Channel in our Discord! Open / Comment

2022-02-09 00:23:21 7 hours down, 41 hours to go - and we've just cracked the 6-figure buyer mark on our #NextLevelNFT leaderboard!

#TheBattleForSatoshi

Wallet address 6f28 is only $15k away from retaking the number one spot - will they attempt to leapfrog f7a9 and regain their rightful spot at the top?

So far, $500k worth of tokens has been traded in the LBP, and the $MNT price currently stands at $3.20, having rebounded upwards from a local low at $2.73.

As of this post, Ethereum gas is currently hovering around 90 gwei, making the gas price for transacting in the LBP approximately ~$80. Historically, gas prices should drop later in the day.

Stay tuned for more exciting developments!

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Participate in the LBP and view the NFT Leaderboard at https://lbp.minterest.com/ - currently, even low 3-figure buys are in the running to snag a #NextLevelNFT!

For more live commentary from the Minterest team and discussion about LBP developments, join us in the LBP Channel in our Discord! Open / Comment

2022-02-08 17:00:53 Welcome to the LBP Token Event of the year!

The Minterest LBP is now LIVE on Copper! It will run for 48 hours and will end 10th February 2022, 2pm GMT.

https://lbp.minterest.com/

Make sure to access it via the above link to avoid scammers with fake links.

Wondering when to jump into the LBP, or deposited in the CAE and want to keep up with how the LBP is going?

Hit up our Discord chat and join the lively discussion with the Minterest team and C-levels, which will be running for all 48 hours that the LBP is live!
https://discord.gg/WKtfWhtesq

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LBP Token Event Parameters

DURATION: 8th February 2022, 2pm GMT to 10th February 2022, 2pm GMT
INITIAL TOKEN SUPPLY: 2,500,000 MNT / 300,000 USDC
STARTING PRICE: $5.88
START -> END WEIGHTS: 98/2 -> 50/50
SWAP FEE: 2%
NFTS UP FOR GRABS: 300

All conditions have been chosen with the aim of optimising the performance of the Minterest LBP under current market conditions.

This allows all investors to benefit from a strongly performing token and more dynamic price action, especially smaller community investors who have secured a guaranteed lowest average price via the CAE and will hence receive $MNT on much better terms than the majority of LBP participants.

More details plus a step-by-step guide to buy in the LBP here. Open / Comment

2022-02-08 03:01:50 Think you know Minterest? Part two: Mintlectric boogaloo!

So you found the last Minterest quiz about the CAE very easy?

Why not step things up a notch with our new quiz about our LBP, which starts tomorrow the 8th of February at 2pm GMT and runs until the 10th?

All participants with correct answers get a Quizmeister role for 3 months in our Discord server - participants who've proven their mettle in both quizzes so far get a special surprise role!

Plus, lucky winners will be rewarded with a #NextLevelNFT!


Give the quiz a shot here! It only takes five minutes.

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p.s. Here's a hint - if you're unsure of any answers or want to brush up on your knowledge before attempting the quiz or participating in the LBP, check out these resources!

Minterest LBP: Why You Should Become a Genesis Investor in DeFi 2.0
How to participate in the Minterest LBP Token Event: A Step-By-Step Guide
YouTube video by Minterest Community Ambassador @tsrai11, which talks about LBPs in general and how they work to enable fair price discovery of a token. Open / Comment

2022-02-07 20:45:26 Calling all lottery ticket holders who missed out on the CAE!

Don't lose your lottery tickets if you did not deposit in the CAE - participate in the upcoming LBP from 8th - 10th February 2022, and you continue to stand a chance to win one of 85 APY boosting #NextLevelNFTs in the main NFT Lottery on 14th February 2022.

Before the LBP, please fill out this form to link the wallet address you will use for the LBP to the email address associated with your whitelisting and lottery tickets. This allows us to confirm you have deposited in the LBP.

Otherwise, if you do not participate in the CAE (either opted-in to keep your funds with us from CAE 1 or deposited in CAE 2) or LBP, you forfeit your lottery tickets and your hard-earned work goes to waste!

This is part of Minterest's anti-bot protection, which ensures only real humans enter the lottery, thus impeding bots from gaming the system by spamming multiple entries Open / Comment

2022-02-06 22:51:43 Minterest 101: Staking $MNT for rewards and governance rights

Yesterday, we explained how Minterest captures more fee income than any other lending protocol, distributing it via buybacks to ensure sustainable $MNT rewards even after emissions end.

All $MNT holders benefit greatly from this, and users who supply token liquidity by staking $MNT in the protocol’s governance processes are particularly rewarded. These stakers receive an ever-increasing loyalty reward: the longer they remain staked, the higher the % of their APY reward boost.

Did you know that staking $MNT also enables you to shape the Minterest protocol? Stakers receive voting rights on key proposals, with voting weight proportional to the number of tokens staked per user.

Detailed info on $MNT in our Gitbook here.

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The Minterest LBP token event will run this week from 08 to 10 Feb 2022, followed by protocol launch in Q1 2022. Read more about the benefits of taking part and becoming a genesis investor in DeFi 2.0 here. Open / Comment

2022-02-05 17:30:59 Minterest 101: The Most Capital-Efficient Lending Protocol

Did you know: Minterest is designed to outcompete all other lending protocols due to the way the protocol impacts $MNT value?

Minterest does something no other lending protocol does: it captures 100% of fee value created from its activity. This includes interest rate fees, flash loan fees and liquidation fees - the last of which comes from the protocol’s uniquely innovative auto-liquidation process.

The captured fee value is automatically used to buy back $MNT on the open market, increasing demand for the token and distributing more $MNT to Minterest users. This ensures sustainable and highly attractive $MNT rewards for active protocol users, even in the long-run!

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The Minterest LBP token event will run from 08 to 10 Feb 2022, followed by protocol launch in Q1 2022. Read more about the benefits of taking part and becoming a genesis investor in DeFi 2.0 here. Open / Comment

2022-02-05 11:00:36 Only hours left to submit your USDC deposits for the Community Allocation Event!

Whitelisted participants may utilise the unique deposit link they received via email to submit their CAE deposits

Don't forget, lottery tickets to win a #NextLevelNFT only retain validity if holders deposit in the CAE/LBP! Similarly, referral lottery tickets require both parties (referrer and referral recipient) to have deposited in order to retain their validity

Missed the CAE whitelisting? No worries, our main token distribution event, the LBP, is just around the corner Open / Comment