Bitcoin

<a href="https://credbull.io/" rel="noopener noreferrer nofollow">Credbull</a> has announced the first airdrop in partnership with Bitlayer ahead of the upcoming launch of their gamified reward program InCredbull Vault (ICV).With <a href="https://www.tokenmetrics.com/blog/next-crypto-bull-run" rel="noopener noreferrer nofollow">recent market analysis </a>speculating that the current bull run could experience a 25% increase in average length - potentially lasting until June 2026 - it remains of growing importance to secure conservative and mature investment approaches to supplement the promise of strong yields.Having <a href="https://www.coindesk.com/business/2024/04/04/credbulls-first-crypto-fund-chases-high-fixed-yields/" rel="noopener noreferrer nofollow">recently launched </a>the first licensed on-chain private credit fund, the DeFi platform is now introducing a tokenized reward initiative for crypto-native retail investors.Engagement on the platform will qualify users to receive a series of airdrops from both Credbull ($CBL) and Bitlayer ($BTR), providing an incentive to refer other investors and lend into their high-yield, private credit fund.The program will launch on Wednesday 5th June in partnership with <a href="https://www.bitlayer.org/" rel="noopener noreferrer nofollow">Bitlayer</a>, the first Bitcoin security-equivalent layer 2. In providing access to Credbull’s private credit fund - usually inaccessible to the general public - the program will welcome community engagement by offering 10% fixed APY with 12 months lock-up and 8% fixed APY with 6 months lock-up.<a href="https://www.linkedin.com/in/jasondehni/" rel="noopener noreferrer nofollow">Jason Dehni</a>, CEO of Credbull, said: “Private credit is one the most attractive asset classes in the world today. It’s the first time private credit investing is made available to retail investors. Lower ticket sizes, much shorter lock-up period, and institutional grade high-fixed yield structured products.  Private credit exposure offers uncorrelated fixed yield within a balanced crypto portfolio, and makes a great strategy for bear markets to lock in high fixed yields”The app was audited by leading blockchain security firm <a href="https://www.certik.com/" rel="noopener noreferrer nofollow">Certik</a> and will enable investors to lend anything from $50. Lenders who contribute over $1,000 will get an unique campaign free-to-mint NFT of Credbull’s bull, wearing the Bitlayer community’s lucky helmet. The NFT will serve as a symbol of lenders community membership and qualify them for first invitation to participate in future private credit pools.<a href="https://www.linkedin.com/in/taviawong/" rel="noopener noreferrer nofollow">Tavia Wong</a>, CMO of Credbull, added: “inCredbull Vault is Credbull’s initiative to reward our community with exclusive access to our private credit fund’s high fixed yield products and airdrop rewards. We’ve brought together the biggest ecosystems to participate - participants can look forward to 10% fixed yield, and, yes - supersized airdrop rewards.”This ICV campaign with Bitlayer is one of a series that will follow in partnership with other ecosystem partners. Additional rewards will also be available in the future, with a fully-fledged gamified engage and earn app set to launch over the coming months.

Credbull and Bitlayer Reveal Exclusive Airdrop Program

Crypto Intelligence

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