Key Takeaways
- Entangle Finance is a project that aims to improve liquidity in Decentralized Finance (DeFi) by creating an interoperable layer.
- They achieve this through Liquid-Staked Derivatives (LSDs), synthetic tokens representing assets that provide liquidity across multiple chains.
- There is currently an airdrop campaign for Entangle’s native token, $NGL, to reward early supporters and community members.
What Is Entangle Finance?
Entangle is a customizable messaging infrastructure aiming to unify Web3 by enabling interoperable data transfer and optimizing ecosystem liquidity across blockchains.
The project provides Web3 builders and dApp developers with a secure, customizable, and interoperable data layer built on the blockchain. This layer offers full configurability for security settings, enabling high control over data privacy and access.
Moreover, they can also adjust consensus mechanisms and tailor off-chain entities responsible for gathering and verifying data. As the developers of Entangle elucidated, this includes the flexibility to oversee certain entities locally.
How To Qualify For An Airdrop?
The $NGL token is the native token of the Entangle network. In addition to paying transaction fees, you can stake $NGL to earn rewards or delegate it to validators who secure the network.
A significant portion of the token supply (3%) will be given away to users through airdrops. A total of 1.25 million $NGL tokens will be awarded to users who participated in Entangle’s testnet versions v1, v2, v3, and the current v4.
To qualify for the latest iteration, v4, participants must do the following:
- Conduct transactions for more than 21 days.
- Fully complete Guided Testnet V4, including staking and delegating of testnet $NGL tokens.
- Pass Anti-Sybil check.
To join the v4 testnet version:
👉 STEP 1: Head over to https://test.entangle.fi/faucet.
👉 STEP 2: Connect to your Web3 wallet.
👉 STEP 3: Request for testnet tokens.
👉 STEP 4: Head over to https://test.entangle.fi/.
👉 STEP 5: Execute some transactions on the “Liquid Vaults” feature.
👉 STEP 6: Delegate testnet tokens.
👉 STEP 7: Hope for the best!
Final Thoughts
That’s about it for this airdrop guide! If you have any questions, please do not hesitate to contact us on our official social media channels. Good luck!
Create and issue NFTs and earn XP points through Mint Forest Campaigns, MANTRA Chain Airdrop or Zora Potential Airdrop. This guide on Mint Blockchain shows how you can receive free tokens through airdrops.
