How to use Boost NFT?
Last updated
Last updated
Activate Boosting: To activate your point boost, burn your Early Contributor Pass & EnsoFi Boosting Pass. This can be done using via https://app.ensofi.xyz/
After burning NFT,
Initial Point will be awarded based on type of EnsoFi NFT
Points earnings receive up to 1.4x boost for a period of 336 hours (2 weeks) starting from the burning time.
Note:
Boost applies to Lend Offer, Lend Contract, and Borrow Contract.
If you have multiple NFTs and one is already active, you can extend the boost period. The boosting rate remains the same; only the duration is extended.
If you have both EnsoFi Boosting Pass & Early Contributor Pass, system automatically burns Early Contributor Pass first
Example: Current boost time is 55 hours; by extending with another NFT, the total boost duration becomes 55 + 336 = 391 hours.