DeFi lending protocol Nexo allocates $12M for ecosystem incentives

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DeFi lending protocol Nexo allocates $12M for ecosystem incentives
France Dernières Nouvelles,France Actualités
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Nexo currently has a TVL of $538 million.

The rewards will be active until July 7 and will incentivize users to trade, earn, deposit, and borrow on the platform.

From now until July 7, Nexo users can receive up to 0.01 points per $1 of asset top-ups, 10 points per Nexo Card activation, 0.04 points per $1 in fiat borrowed through Nexo protocol, 0.03 points per $1 invested in Nexo Earn products, and 0.05 points per $1 of boosted trading on Nexo Exchange. The point-to-NEXO-token conversion ratio will be determined at the end of the event.

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