Velvet Capital Airdrop Guide: Binance-backed DApps

About Velvet Capital

Velvet Capital is Decentralized Applications that allows users to create and manage vaults that combine multiple tokens. Users can create their own vaults or deposit into vaults created by other users.

Velvet Capital was selected as a winner of the 5h MVB (Most Valuable Builder) competition and has received investment from Binance Labs. The amount of funding is unknown.

Velvet Capital Airdrop Potential

According to Velvet Capital’s token allocation, 5% of the supply will be airdropped. Users can currently earn airdrop points.

It has been announced that airdrop points will be doubled until TVL reaches $5 million. Therefore, if you start now, you can be an early adopter.

Velvet Capital TVL (as of January 3, 2023)

Velvet Capital Airdrop Guide

1. Access to Velvet Capital
2. Choose a vault and deposit (BNB, USDT, or USDC)
3. Check airdrop points
4. Mint an NFT (optional)

1. Access to Velvet Capital

Connect your wallet (BNB chain).

2. Choose a vault and deposit (BNB, USDT, or USDC)

Caution: How to choose a Vault

Each vault displays its APY and returns, so be sure to check the fees. Some vaults may charge high fees.

I created a vault called “Stablecoin (Fee 0%)”. This vault is composed of only stablecoins, so it is for those who do not want to take risks. (As of January 19, 2024, it is the #1 vault in terms of TVL.)

3. Check airdrop points

To check your Airdrop points, click on “Airdrop” in the menu. Airdrop points will be reflected the next day or later. Please don’t worry.

4. Mint an NFT (optional)

I wouldn’t recommend buying Velvet Founders Club NFT, as it costs 0.69 ETH. While NFTs have many utilities, there is also risk involved, as it is unclear whether Velvet Capital will become popular.