INIT Capital aims to democratize access to liquidity, catering not only to DeFi users but also to protocols through ‚Liquidity Hooks.‘ Liquidity Hooks serve as plugins for liquidity. DApps developing strategies such as all kinds of vaults, leveraged LP/Farming, perpetual trading, margin trading, LSTFi, etc., can easily build Liquidity Hooks by writing their smart contracts to integrate or ‚hook‘ onto INIT and access INIT’s liquidity in a permissionless manner. With that, dApps can fully concentrate on catering yield strategies or ‚Hooks‘ for end-users.

INIT Capital is airdropping free INIT tokens to users who join their “Liquidity Hook Era Phase 1” campaign. Complete simple social tasks, join the campaign and lend or borrow tokens on the platform to earn INIT points. Refer your friends to earn 10% of the points they earn. The points will be converted to INIT tokens.

Step-by-Step Guide:

1. Visit the INIT Capital website.
2. Connect your wallet and change the network to Mantle.
3. Now click on “Join the Campaign”.
4. Follow them on Twitter, join their Discord channel, and verify.
5. You have now joined the campaign.
6. You will need some ETH and/or other tokens on the Mantle network. You can get them from Binance.
7. Now, use the Mantle bridge to bridge tokens from Ethereum Mainnet to Mantle. You will also get some free Mantle (MNT) to cover gas fees.
8. Now, deposit or borrow tokens to start earning points.
9. You will earn 1 INIT point for every $100 value lent per day and 7 INIT points for every $100 value borrowed per day.
10. Also, refer your friends and earn 10% of the points they earn.
11. The INIT points will be converted to INIT tokens after the token goes live.

For more information regarding the airdrop, see this Medium article.