How to Join Florence Finance and Earn Rewards from its Potential Airdrop

"Florence Finance is a protocol that connects decentralized finance (DeFi) with real-world lending".

It allows cryptocurrency lenders to supply stablecoins and earn stable returns from lending to small and medium-sized enterprises (SMEs) in the real world. Florence Finance also aims to bridge DeFi and non-fungible tokens (NFTs) by creating a marketplace for NFT-backed loans.
Florence Finance aims to help people earn money from lending to real businesses using any kind of cryptocurrency, even if the crypto market is unstable. This is different from other ways of earning money from crypto that rely on fees, price differences, or schemes that reward early investors with new coins.

Florence Finance is aiming for a RWA.

According to Their medium post (https://medium.com/florencefinance/pioneering-rwa-with-angle-cd20230cfe48), they are joining forces with Angle.Money, a stablecoin provider, to redefine the landscape of Real-World Assets (RWA) on Arbitrum, a layer-2 scaling solution for Ethereum.
They are also using agEUR, a Euro stablecoin by Angle, as the default asset in their Redemption Module, which allows users to redeem their FLR tokens at a 1:1 ratio with agEUR. Florence Finance claims that their goal is to provide a truly decentralized, secure, and scalable solution for RWA, making it more accessible and efficient than ever before.

"RWA stands for Real World Assets in cryptocurrency. It means the process of turning physical assets, such as real estate, gold, or US treasury bills, into digital tokens that can be used on a blockchain, such as Ethereum".

By doing this, the owners of these assets can access the benefits of decentralized finance (DeFi), such as lending, borrowing, trading, and earning yield. RWA tokenization also creates new opportunities for investors who want to diversify their portfolio and access new markets.
In the world today, Many small and medium-sized businesses around the world need money to grow, but they have a hard time getting loans from banks or other sources. This problem is worse in some places than others, but it affects everyone in society. Florence Finance helps small and medium-sized businesses get loans from different sources by giving money to lenders who are good at finding and handling these kinds of loans.

Florence Finance reaches out to existing SME lenders and works with them to gain access to diverse SME credit exposure by providing an alternative source of funding to Lenders with a proven track record of success in sourcing and managing specific types of SME credit.

"SME lenders are companies or organizations that provide loans or other forms of financing to small and medium-sized enterprises (SMEs)".

SMEs are businesses that have a certain number of employees, annual turnover, or balance sheet size, depending on the country or region. SME lenders can help SMEs access capital for various purposes, such as working capital, expansion, innovation, or crisis management. Examples of SME LENDERS are eCommerce lenders, peer-to-peer Lenders, Bank Lenders.

• eCommerce Lenders are third-party companies that offer loans to SMEs that sell their products or services online, such as Amazon, PayPal, or Alibaba.
• Peer-to-peer lenders are online platforms that connect SMEs that need loans with individuals or institutional investors that want to lend money, such as Funding Circle, MarketInvoice, or Lending Club.
• Bank lenders are traditional financial institutions, such as banks or credit unions, that offer loans or lines of credit to SMEs, such as Bank of America, Wells Fargo, or PNC Bank E.t.c.

Florence Finance wants to be the best at giving money to different kinds of SME lenders and showing where the money goes. It makes a system that lets real-world loans be used as security for crypto loans in simple and safe ways (loan vaults) to help pay for them, without borrowing more money or keeping less money than needed.

Loan Vaults

"A loan vault is a simple and safe way to get exposure to real-world lending and earn returns that are not affected by the crypto market"

Loan vault is a way for Florence Finance to lend money to different kinds of SME lenders using stablecoins. A loan vault has a specific type of SME loan, such as eCommerce, peer-to-peer, or bank loans, and a certain level of risk and reward.
When you fund a loan vault, you get loan vault tokens, which are digital tokens that represent your share of the loan. You can stake these tokens and earn rewards in stablecoins or FLR, the native token of Florence Finance. You can also trade these tokens with other users on a secondary market.

Florence Finance will have two Loan Vaults namely CAPLE VAULT and JUNIOR VAULT.
The Caple Loan Vault will comprise loans originated by our partner Caple with whom we have launched a novel, ESG-compliant, short-term (<12m) working-capital-focused loan product.
The Junior Loan Vault that has a lower priority than other debts in case the borrower defaults or goes bankrupt.This vault will be majorly focused on funding smaller amounts of junior funding to launching borrowers, starting with SwishFund in the Netherlands.
You can check out more about this from their official documents
https://docs.florence.finance/docs/
In short, First loan vault contains loans that are ESG-compliant and help businesses with their short-term needs. The second loan vault provides smaller loans that are riskier but offer higher returns to investors. Both loan vaults are aimed at supporting small and medium-sized businesses in Europe.

➖Disclaimer: This article was gotten from Florence finance official documents and I made a research (using bing AI and goggle) on it to make it easier to understand. You can confirm the authencity by following their socials accounts through the links below and reading their docs.
Official Docs: https://docs.florence.finance/docs/
Website: https://florence.finance/
Blog: https://medium.com/florencefinance
Twitter: https://twitter.com/florence.finance
Telegram: https://t.me/florencefinance

Florence Finance Incentives Campaign

Florence Finance, a pioneer in the Real World Assets sector launchee a creative campaign called Duke Dash. A Duke dash is a campaign that combined Duke NFTs with a tiered reward system, reflecting a user's engagement, active participation and dedication in the growth of Florence Finance. It's majorly an incentive created for the main purpose of rewarding their supporters.

Points and Ranks in Duke Dash
Duke Dash is a campaign created for it's supporters so anyone is eligible to join in the campaign. You can join the campaign by simply minting a Duke NFT which marks your journey into the campaign.
➖Ranking system is Duke dash

1. Squire which is the beginning rank obtained after successfully minting your duke NFT.
2. Count which is a rank obtained by being in the bottom 50% of point earners.
3. Earl which is a rank obtained after reaching the top 50%-20% on the leaderboard.
4. Knight which is a rank obtained by collecting 10 badges through active community participation(i.e discord events and twitter events).
5. Archduke which is a rank obtained by reaching the top of the leaderboard of Duke Dash(top 20% of points leaderboard)

The DUKE NFT only has value when you begin to earn points. Points earned will reflect directly on the NFT and if/when the NFT is transferred to another wallet, all the earned points are also transferred along with it.

Note: The more points you earn with your NFT, the higher your ranks and also your NFT will evolve. You can check more about this through the link below
➖https://docs.florence.finance/docs/duke-dash/duke-nfts

"NFTs are unique digital assets that can represent anything from art to music to sports memorabilia. Users can also trade their NFTs with other players or sell them for cryptocurrency".

"Points can be defined as the reward system created for the Duke dash campaign. It's a way to show forth your active participation in Duke dash and the higher your points in the campaign, the higher your rewards".

The more points a user earns in Duke Dash, the more they can level up their NFTs and improve their rank on the leaderboard. The leaderboard is a list that shows the top players of the game and their scores. By leveling up their NFTs and climbing the leaderboard, users can prove their loyalty to Florence Finance and receive rewards in the form of tokens or access to exclusive features.

"Badges are stickers or medals created for special Dukes or Users that showcases your achievements in Duke dash campaign".

The badges are very rare and only the Duke team can give them to you. You can see your badges on your Duke NFT page online. Getting badges is a big honor and shows that you are part of the Florence quest. The Florence quest is a game or challenge that involves Duke NFTs and other things.(check image below)
You can get badges for different things, like joining online chats with the Duke team, making cool videos or pictures about Duke, or helping other people learn about Duke NFTs. If you get 10 badges on one Duke NFT, you will become a Knight, which is a very high rank. Only the most loyal and active Duke fans can become Knights. Once you are a Knight, you will always be a Knight.
For more information,check out their docs
https://docs.florence.finance/docs/duke-dash/how-to-earn-points/badges
Disclaimer: As I have stated earlier, the research was done by researching informations from Florence Finance documents and researching with bing AI. I also used my knowledge on cryptoverse to write this article but DO YOUR OWN RESEARCH.

Steps For Possible Airdrops

As usual, the first and foremost step is joining their social media accounts. If you read this article carefully, you'd see the links to it.

➖Step 1
Fund the crypto wallet you want to use with some Arbitrum Ethereum of at least $5. You can purchase your arb Ethereum from binance easily and send to your wallet or purchase it from various verified exchanges. I mentioned BINANCE cause of it's cheap gas fees.

➖Step 2
Go to their website through my referral link for more rewards.
https://duke.florence.finance/mint?ref=44648
You can connect to the website by pasting it on your Trust wallet, bitget, Mises/kiwi browser, OKX wallet e.t.c.
After connecting to it, you'd be required to mint your duke NFT which costs about $0.30 worth of arbitrum Ethereum.

➖Step 3
After successfully minting your duke NFT, proceed to purchasing some $FLR from a popular Dex called CAMELOT. Access the Dex through the link below
https://app.camelot.exchange/
Paste this contract address on search for tokens section

0x9B6226dd0191a77d032F56A6d383044EE99944C3

Note: The more $FLR you deposit in the vaults, the higher your points.

➖Step 4
After making your purchase, process to depositing your $FLR in the vaults.
Once you open the earn section, you'd see two vaults which I've explained above. Divide your purchased $FLR into two and deposit in both vaults. Congratulations, your points will start accumulating and will be shown on your NFT. The more $FLR you deposit, the higher your points.

Step 5
Active participation in their discord and twitter page. Always be active on their discord daily by talking with members and doing events on it and also follow, like and retweet on their twitter page.
(Check the image below)
Just as shown in the image above, the points ain't specific and doesn't have an exact time, it drops anytime and keep reflecting on your NFT.

➖Step 6
You can also earn more points by simply referring more people to farm points through your referral link. If a user mints the dukenft, it's counted as a referral but you will only earn points once he deposit some $FLR in the vault.
So simply minting the duke NFT doesn't earn you any points. You will earn 5% of all points that are earned through your referral link, just copy your personal Duke ref link and share it with your friends

Florence Finance Tokens
Just as shown in the image above, 50% of it's native token called $FFM is allocated to the community and it supposedly raised $3 million in funding.

WEEKLY UPDATE ON BULBapp

BULBapp is gearing for the app launch soon which is closer than ever. If you enjoy your time here and you love your experience on BULBapp, Go and upvote the project on SOLANA FOUNDATION through the link below.
➡️https://solana.com/ecosystem/bulb
Copy and paste on your chrome, login with your Gmail instead of your X(formerly Twitter account) for easier authentication. Just click on the upvote button and that's all. This will significantly boost their spot on the list of upcoming solana projects. $BULB token will be launched soon so keep doing the weekly challenges.
Also, there has been a dapps that has launched our token and made people able to swap. Please $BULB token hasn't been listed yet. Something will be done about this soon so dissuade such websites. This is BULBapp take on this, check it out on twitter through the link below
https://twitter.com/bulbappio/status/1744373984177639853?s=19

Disclaimer: This article was purely gotten from their official documents and the links as well so kindly DO YOUR OWN RESEARCH before diving into it. Also, this is not a financial advice so thread carefully.

Due to the recent large influx of new bulbbers, spams has been rampant but the one you actually have to be careful with is WALLET DRAINER ARTICLES. Some bulbbers are posting fake AIRDROP articles aimed at draining your wallets so please don't immediately connect to any link posted, DYOR about the project or ask people of the BULBapp discord which you can join through the link below.
➡️https://discord.com/invite/bKY99qD78y
Stay safe, stay smart, stay CRYPTOFIED. Always DYOR before connecting your wallets to any link and if you spot any account spamming or copying articles, report such account to be credited with 20 BULB POINTS once the spam is reviewed by the moderator.
Do note that commenting "nice, great, good and others are considered as spams. Comment show be about questions or contributions you have about the article written so if you don't have any questions or contributions, don't comment so you won't be flagged as spam.

In conclusion, I hope you've enjoyed this article and I hope you can position yourself for the airdrop as well. Tip me if you enjoy my works and follow and subscribe if you want more updates from me. Thanks for reading. Drop a comment if you have any questions or contributions.