🔵 HaloFi Goes Live on Base — Welcoming Onchain Summer! 🟡
Hey, HaloFi Family!
Big news — we’re thrilled to share that HaloFi is LIVE on the BASE network! This marks a fresh and exciting chapter in our mission to make decentralized finance (DeFi) rewarding and accessible for everyone.
👉 Join our first USDC savings challenge on Base and watch your savings grow: https://app.halofi.me/#/challenges/295
👉 Deposit to earn the NFT
Where to find the Challenges?
Head to https://app.halofi.me/#/challenges and scroll down to:
Why Base, you ask? 🔵
Base is an open platform for financial applications developed by Coinbase. You can think of it like an awesome playground for decentralized finance that delivers benefits like faster transactions, lower costs and superior security. By integrating with Base, we’re enhancing the HaloFi experience, making your journey to wealth creation smoother and a whole lot more accessible.
This integration goes beyond simply offering you the best tools for saving and growing your wealth; it also expands our community, opening the HaloFi doors to more people across the globe.
HaloFi Now on Three Networks
With this, HaloFi is now available on three networks: Base, Celo, and Polygon. All these networks are in sync with our vision of helping you build your wealth onchain with low-cost transactions, no matter where you are in the world. 🌍 Our goal stays the same: turning saving and investing into your new favorite habit. We’re all about improving your financial game, smooth and hiccup-free.
So, what’s new?
While our core values remain unchanged, our move to Base equips us ways to deliver faster and cheaper transactions, improved scalability, and smooth onboarding via the Coinbase Wallet and Coinbase Exchange. The launch on Base isn’t a deviation from our goals; it’s a reinforcement of our commitment to achieving our goals more efficiently.
We’ll be sharing detailed guides in separate blog posts, detailing how you can bridge your stablecoins and other assets to Base, how to connect your wallets and join a challenge. Stay tuned for these helpful resources! Meanwhile, you can already check out our existing Guides.
Excitingly, we will have some unique NFTs (powered by Thirdweb), for users who take the leap and join us in our very first savings challenges. These aren’t just pretty digital collectibles — they’re worth collecting and might have some additional use case in the future.
Kicking off our first two Base Challenges 🚀
Good news, our first Base savings challenges starts tomorrow: August 9th! Simply deposit some USDC or ETH this week, get a cool NFT, and more in return.
1. USDC Based Weekly Savings
Sounds fun? Join : https://app.halofi.me/#/challenges/295/
How does it work? You’ll need to make two USDC deposits, one now and one in two weeks. Then, just sit tight for one more week. If you complete both deposits, you’ll earn extra USDC and a special NFT. If you miss a deposit, no big deal. You’ll still get your initial USDC back. It’s a win-win!
ℹ️ Unsure which type of USDC you need? It is the official “USD Base Coin” by Circle, also called USDbC. You can bridge it from Ethereum via the official Base Bridge, use our Swap and Bridge page or purchase it on BaseSwap ✅
If you’ve completed both deposits: claim your winnings from Sep 6 onwards. You’ll notice you get whitelist access for the free NFT mint available from our website.
⚠️ But you’ll have to be quick: the challenge is capped at 500 participants! First come, first served!
2. Ether Hold Challenge
Didn’t get a spot in the USDC challenge? Or maybe you’re feeling bullish on ETH? No problem, we also have a Hold challenges now live, which only need a single deposit of ETH on Base. Choose an amount you’re comfy with, lock it up for a month and watch your crypto stack grow. Early withdrawals mean more earnings for you! Plus, get your name on the whitelist for our commemorative (free) NFT mint 😉
Only 500 slots available per challenge, so hop in quick!
What’s next?
Boosted yield!
Currently, we’re using our own HaloFi ‘Open Strategy’, where we don’t involve third-party protocols. This means you’ll earn extra from users that withdraw early from a challenge, but there’s no yield from lending markets or AMMs. Over the next few weeks and months, expect to see more yield strategies as some of our partners, like Curve Finance and Aave, join Base.
More & Longer Savings Challenges
Keep an eye out next week, as we’re launching more savings challenges on Base. Most of these will run for a longer time. But don’t worry, we’ll also mix things up with some shorter, snappy challenges. Stay tuned!
How to get Wrapped ETH (WETH) or USDC on Base
Unsure how to get USD Base Coin (USDbC) or Wrapped ETH (WETH) tokens in your wallet on Base?
You can use https://app.halofi.me/#/buy to easily bridge USDC or ETH from over 20+ blockchains. No technical expertise required.
Please note that to join our “Ether Based Hold & Earn Challenge” you will need Wrapped ETH (WETH). If you already have ETH on Base, you can get WETH by wrapping it on Uniswap. Check below how to do so
tl:dr
We’re teaming up with Base and we couldn’t be more stoked about it. We believe this integration will not only make your HaloFi experience even better, but also make DeFi something to look forward to — accessible, fun, and rewarding.
Thanks for sticking with us on this journey. Keep an eye on our blog and your inbox for more cool updates from your HaloFi fam!
Stay awesome,
The HaloFi Team 😇
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