Let’s have a look at ParaSpace, the decentralized lending protocol allowing users to borrow and lend against Non-Fungible & Fungible tokens alike. They recently launch a Testnet and a potential Airdrop is possible to claim so what we do? 👀

• What you need?

• How to complete the Galxe Campaigns?

• Conclusion

1. What you need?

To start the Testnet, here is what you need:

1. Download Metamask & select the Goerli Network

2. Choose a faucet & claim some ETH: Faucet 1 - Faucet 2 - Faucet 3

3. Visit the website and get your test tokens to try out

2. How to complete the Galxe Campaigns?

Now that we have our tokens, let’s have a look at the 3 campaigns on Galxe website and the actions we need to perform to mint our NFTs (at least 2 sure):

A. The Traveler Registration (Part 1) : Nov 14th - Nov 28th

• Follow ParaSpace & retweet this tweet

• Join the Discord here & verify as usual

• Claim the first NFT on Arbitrum Network

B. The Explorer Registration (Part 2): Nov 14th - Nov 28th

To mint this one, we need to perform the following actions on Discord & the website:

• Connect wallet to the #collabland-join channel & claim your Paraspace Traveler role.

• Supply & Borrow any ERC-20 Test Token on ParaSpace Testnet

• Supply any amount of ERC-721 test NFT on ParaSpace Testnet

Now, claim the second NFT (Arbitrum) to get your Paraspace Explorer role on Discord.

C. The Settler Registration (Part 3): Nov 14th - Nov 28th

This NFT is limited to 200 Settler badges and will be distributed to:

• Top 100 participants who invited and helped the most people to receive a ParaSpace Traveler role.

• Top 50 feedback in the #feedback channel.

• Top 50 participants selected from a series of community campaigns.

If you are lucky enough to be selected, you will be able to claim the third NFT.

3. Conclusion

The project is backed by interesting names such as: SEQUOIA, Coinbase Ventures, Polychain Capital and others. As usual, use a new wallet or the one you generally used for your hunts. The platform is asking for approvals & we are never too safe.

Be active on their Discord, provide a world class feedback and invite some friends to increase your chances for the 3rd badge. Use all the features and don’t forget to “Supply more - Withdraw” & “Borrow more - Repay”.

Note: Soon, we will also be able to supply Uniswap v3 LP NFTs. Stay tuned.

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