OP RED WARS Event #3 - Lending Wars: Your Step-by-Step Guide to Earn Raffle Tickets for OP!
Hello OP Clique 🐬
A few months ago, we received a generous 100,000 OP grant from Optimism FND. Since then, we've partnered with over 40 protocols, deciding to utilize these funds to reward our dedicated users and spark exploration across various DeFi applications.
The entire 100,000 OP now fills the reward pool for OP RED WARS, and our partner protocols have added extra prizes to sweeten the pot.
OP RED WARS include four exciting events:
Event #1: War of the Bridges (Cross-chain)
Event #2: War of the DEXes
Event #3: Lending Wars
Event #4: Trading Wars
Now, let’s jump into the excitement of Event #3: Lending Wars! A main prize pool of 20,000 OP + a protocol prize pool of 7,700 OP await your participation.
PREFACE
Lending has always been a crucial yet relatively complex on-chain interaction. The goal of Event #3 is to educate more users about the lending process in DeFi, enabling them to explore and understand it through practical experience. Therefore, we highly recommend that users follow the instructions and engage in every activity. These activities will boost your score on the protocol leaderboard and help you earn extra OP rewards from the protocol prize pool.
However, for the distribution of the main prize pool, we won't focus on the specifics of your on-chain activities during this event. As long as you claim the attestation at each step, you'll earn a raffle ticket for the reward. For instance, even if you don’t complete the 'full loop' mentioned in STEP 5, once you claim your attestation, we’ll consider that step as completed.
Earn From the Main Prize Pool
In Event #3, we've revamped the reward distribution for the main prize pool. Each wallet address that completes all 5 attestations will get a raffle ticket. There will be 1,000 winners, and they'll evenly share a prize pool of 20,000 OP. The more wallets participating, the better your chances. We need a minimum of 7,000 wallets for rewards to be given out.
Now, follow this step-by-step guide to dive into the action! 👇
1. Head to OP RED WARS Event #3: Lending Wars event page.
2. Connect your wallet.
Claim your 5 attestations to earn your raffle ticket.
(P.S. Activities can be completed in any order at your convenience.)
Show Your Past Lending Activity
Setup Guide:
Click [Claim] on the STEP 1 task card.
Confirm your wallet address and select [Next].
Allow the Loyalty data to load, then click [Submit] (note: for power users, it might take longer than 15 seconds to generate the data in attestations, please be patient. Don't refresh the page).
Sign for the attestation (note: a gas fee and attestation fee are required).
Borrow Funds
Setup Guide:
Borrow $10 in supported assets (ETH, DAI, LUSD, MAI, OP, SNX, USDC USDT, WBTC, WETH, sUSD, wstETH, USDC.e) from our any of our listed partners (find them in the “Supported Lending Protocols” section on the event page).
Click [Claim] on the STEP 2 task card.
Confirm your wallet address and select [Next].
Allow the Contributions data to load, then click [Submit].
Sign for the attestation (note: a gas fee and attestation fee are required).
Lend Funds
Setup Guide:
Lend $10 from borrowed positions in supported assets (ETH, DAI, LUSD, MAI, OP, SNX, USDC USDT, WBTC, WETH, sUSD, wstETH, USDC.e) from our listed partners (find them in the “Supported Lending Protocols” section on the event page).
Click [Claim] on the STEP 3 task card.
Confirm your wallet address and select [Next].
Allow the Contributions data to load, then click [Submit].
Sign for the attestation (note: a gas fee and attestation fee are required).
Leveraged Your Position
Setup Guide:
Lend $10 in supported assets (ETH, DAI, LUSD, MAI, OP, SNX, USDC USDT, WBTC, WETH, sUSD, wstETH, USDC.e) from our listed partners (find them in the “Supported Lending Protocols” section on the event page).
Click [Claim] on the STEP 4 task card.
Confirm your wallet address and select [Next].
Allow the Contributions data to load, then click [Submit].
Sign for the attestation (note: a gas fee and attestation fee are required).
Loop One Time
Setup Guide:
Complete one full loop: 【supply → borrow → supply what you borrowed → borrow against it 】with Aave, Sonne Finance, Fringe Finance or Granary.
Check the video guide for completing the full loop with Aave here.
Click [Claim] on the STEP 5 task card.
Confirm your wallet address and select [Next].
Allow the Contributions data to load, then click [Submit].
Sign for the attestation (note: a gas fee and attestation fee are required).
After completing all attestations above, your wallet address will be whitelisted to our raffle pool.
💡Complete 5 attestations with as many wallets as possible to increase your chance of winning! You can also claim all attestations at once using the “Claim All Attestations” button, but 5x the fees will be taken.
Earn From the Protocol Prize Pool
The protocol reward will be distributed to power users in Event #3 who follow the instructions and contribute to the on-chain activities.
Specific Rules:👇
Receive 4 XP for every $10 borrowed for supported assets.
Receive 1 XP for every $10 lent for supported assets.
Receive 8 XP for every $10 lent from borrowed assets. Once you lend your borrowed assets, you’re leveraging your position which is counted as the base for your points.
Receive 10 XP for looping at least once. One loop consists of the following cycle: supply → borrow → supply what you borrowed → borrow against it.
Tweet about each supported protocol and earn XPs.
Post must has >0 # of impressions
Receive 10XP for each post tagging a supported protocol
Maximum 60XP per post for tagging all 6 protocols
Referral Program
Invite your friends to earn more rewards. As a referrer, you will get an additional 0.1 raffle ticket for every successful referral. A successful referral is counted when a new user who has successfully claimed the loyalty attestations via your unique referral link.
For more details and requirements, check the FAQ section on the event page for comprehensive information.
If you need specific assistance or guidance, don’t hesitate to open a ticket in the Clique Discord. Our dedicated Community Moderators will be happy to help.
Join OP RED WARS, claim your rewards, and enjoy the adventure! 🚀🔴
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