River aims to establish a chain-agnostic stablecoin system, where users can deposit assets on Chain A and mint stablecoins on Chain B without the need for cross-chain transfers. The protocol has accumulated a total value locked (TVL) of $400 million in the past month, with $100 million satUSD in circulation, and has integrated protocols such as Pendle and ListaDAO, expanding to over 20 lending, yield farming, DEX, and other use cases. It has partnered with over 20 projects on the BNB Chain to help launch token staking pools.

The satUSD staking yield remains stable at 14% APR, while providing satUSD-USDT liquidity on PancakeSwap yields 170% APR. You can adjust the expected FDV in the official website's APR calculator to estimate the expected annualized returns for each action.

How to Mint River Mart NFT

The River Mart NFT is the final task before River enters the next stage. Users can perform the operation with less than $15 worth of assets, and the deposited assets can be withdrawn immediately. Operational costs on the BNB Chain have been tested to be less than $0.1, and according to the official video guide, the process can be completed in 2-3 minutes.

Users who are not frequent users of on-chain or DeFi protocols may need some time to familiarize themselves. Therefore, this tutorial provides you with the most comprehensive steps to allow you to mint the NFT at a cost of less than $0.1, in 3 minutes, and fully withdraw your deposited wBNB collateral upon completion.

Expected Cost: $0.1

Time: 2 minutes

Potential Rewards: River NFT + 24M River Pts + Potential Airdrop Weight

Deposit wBNB as Collateral, Mint satUSD

The minting condition for each NFT is to deposit collateral on the BNB Chain, Arbitrum, BOB Chain, etc., and mint at least 10 satUSD to be eligible. Therefore, you first need to understand how to operate on River's interface to mint satUSD.

1. Go to the Mint page

2. Connect your wallet and select the BNB Chain

3. Select wBNB as Collateral (wBNB can be obtained by wrapping BNB on PancakeSwap)

4. Enter the amount of wBNB to deposit and mint at least 10 satUSD

5. Approve Router and wBNB Token

6. Click Confirm

7. After successful minting, click on the top to switch to Position to display the deposited wBNB position.

Mint the First River Mart NFT in 30 Seconds

After depositing wBNB on the BNB Chain and minting 10 satUSD, you will be eligible for NFT minting.

Go to the Leaderboard page, find the River Mart NFT event link

Click on the BNB Chain NFT, if satUSD minting is successful, you can click the Mint button

After successful minting, the BNB Chain NFT will show as collected

River Mart is divided into 3 Phases, with the last 2 weeks unlocking limited edition NFTs

River Mart is a multi-chain mission centered around satUSD, where users can mint stablecoins, collect NFTs, and ultimately unlock exclusive limited edition NFTs using only $15-20 worth of assets on different chains. This is not just an event, but also a practical experience of River's core mechanism.

·Phase 1 (8.1 - 8.15): BNB Chain, Arbitrum, BOB, BSquared

·Phase 2 (8.8 - 8.22): BASE, Sonice, Hemi

·Phase 3 (8.15 - 8.29): Continue minting NFTs on the previous 7 chains, collect 4 NFTs, and hold 10 satUSD on any chain to unlock the eligibility to mint a mysterious NFT

River is rearchitecting the asset flow logic of stablecoins

Users can deposit assets on any chain, mint cross-chain satUSD, participate in multi-chain protocol scenarios without bridging or wrapping

The River protocol has accumulated over $400 million TVL, with satUSD circulation reaching $100 million, integrating over 20 protocols including Pendle, ListaDAO, etc.

The satUSD annualized yield remains stable at 14%, with over 170% APR provided in the PancakeSwap liquidity pool, making it one of the most usable stablecoins in the market

River Mart, as the final stage interactive task, allows users to personally participate in the cross-chain minting process at a cost of less than $0.1, complete the NFT task, and retrieve assets

River aims to transform on-chain assets from static storage to assets that can be activated, circulated, and generate revenue, becoming a truly usable unit of value across chains  

Connect with value, flow with River.

Reference Links

River Mart NFT: https://app.river.inc/campaign/nft/river-mart

X: @RiverdotInc

This article is a contribution and does not represent the views of BlockBeats

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