The upcoming Rho Markets airdrop is generating interest in the crypto community. Rho Markets, the first Scroll native lending protocol, operates on an overcollateralized lending model, offering various assets such as ETH, wBTC, and more. The Rho XP Loyalty Points (RXP) campaign is central to this airdrop, rewarding users with RXP tokens based on their activity in the lending pools.
Participating in the airdrop involves several steps: connecting your wallet to the Scroll network, supplying assets to lending pools, and borrowing from Rho Markets. The more assets you supply and the longer they remain in the pool, the more RXP you can earn. Additionally, borrowing also contributes to earning RXP. Rewards include RATE tokens and Scroll tokens distributed to RXP holders.
RXP tokens are soulbound ERC-20 tokens allocated based on the amount supplied to lending pools and staking. In Phase 1, points are awarded based on the supply rate, borrow rate, and the number of users invited. In Phase 2, pet NFTs and a team mode will be introduced to enhance engagement. Users supplying more than 0.05 ETH receive “Rho Pets,” with different pets associated with different assets. Those supplying more than 0.10 ETH get an exclusive invitation code, with additional points for inviting others.
This airdrop is a promising opportunity for early users to gain rewards through active participation in the Rho Markets ecosystem.