Introducing BoundFinance: Revolutionizing Cashback for Debit/Credit Cards

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🚨 Allow me to introduce you to an incredible opportunity that aims to revolutionize how you use your debit/credit cards! Have you ever imagined a protocol with the primary goal of incentivizing users with cashbacks? Look no further, because @BoundFinance is exactly that. ❤️ + RT

🧵 To recap, @BoundFinance is the pioneering protocol that seeks to revolutionize the LSDfi space. They provide an unprecedented 12% cashback on all credit/debit card transactions made with Amex, Visa, or Mastercard. This is made possible through their innovative cashback app.

The cashback app offers users the ability to earn 12% cashback on transactions made with their existing credit and debit cards. Users can stake LSDFi yield-bearing stablecoins,such as $eUSD or $OUSD, and in return, they earn additional yields through the $BCKGov governance token

- The use of yield bearing stablecoins means that thechances of liquidations are very low and therefore users can be more assured of their $BCK position.

🧵 Now here's one thing I really love about Bound Finance. There's a portion of the Cashback app's yields allocated to non-crypto users aimed at broadening access to those without crypto assets. This is truly a way of fostering crypto adoption indirectly.

🧵 Amazingly the Cashback testnet Beta is live and here's the link indicating the steps on how to check out the testnet twitter.com/BoundFinance/status/1741407557640434000?t=xIwPQsgx73dxNmKpaXqhxw&s=19

🧵 Before you start, you need to make sure that you buy and deposit testnet goerli $eUSD from their crypto web app: crypto.boundfinance.app/ This eUSD generate yields for users and part of those yields go towards the spending limit.

🧵 To mitigate the loss of APY, you can stake 2.5% of the value of $eUSD you deposited in BCKGov. ou will also earn BCKGOV emissions (5.5% APY on your eUSD deposit). lt's a similar model to @LybraFinance 's esLBR 😉

🧵 It’s worth nothing that the protocol does not require any subscriptions or staking tokens for using the Cashback card. It leverages ETH collateral from loans to gain validator rewards, funding exceptional cashback rates without need for hefty crypto stakes or subscriptions

🧵 After learning all this, one would be thrilled to know that they can receive cashbacks easily. This perk allows you to earn a percentage of money back from your everyday spending, travel, and even shopping. Most importantly is this is done through a very secure route .

🧵 While all of this may seem a bit technical, there's no need to worry. The platform has a very user-friendly UI. You can easily view your transactions and allocated cashbacks, eliminating the need for manual calculations. Also users can view their transactions history.

🧵 It is important to point it out that @BoundFinance does not under any circumstances hold the banking data of its users. Only Fintech giant, Plaid which is also used by @CoinbaseExch and your bank holds those information. This makes Bound 100%

🧵 Do you also know that you can secure your whitelist spot for the mainnet launch and the associated mining event. All you have to do is - Deposit 3000 testnet $eUSD to the crypto side. - Mint at least 1000 $BCKGOV tokens. - Be among first 100 users to be on the Cashback side .

🧵 In a bid to lower entry barriers, the protocol recently relaxed their testnet KYC restrictions and are implementing manual transactios submissions. This way even users on countries without the necessary approvals can also be on the Cashback side once mainnet launches. twitter.com/BoundFinance/status/1742973206326087835?t=YPWswN-6k5WeOwv_oUokAQ&s=19

🧵 Don't miss out on the ongoing galxe campaign to celebrate the new year, running until the 26th of this month. Participate for a chance to win some prizes. galxe.com/WkckR2PcX4PJNNHiMjGNor/campaign/GCAWitt3Cj

🧵 In conclusion, some key players are already taking note of the potentials behind this platform and recently, they struck a partnership with @OriginDeFi ✨️ You definitely don't want to ignore this project so secure your WL spots today.