January Updates + Public Beta

Hello players!

January has been a big month for AxieTree. Read on to find out what we’ve been up to, and what’s coming next.

First, a HUGE thank you to our Alpha Launch participants. And congratulations to Erick “bluechew” Vásquez for earning over 1500 SLP in the very first AxieTree Epoch! It was amazing to see the power of Play to Earn and facilitate the creation of value between AxieTree borrowers and lenders. And now we can’t wait to scale it out.

We are awarding Erick with an Axie as a prize for being the top SLP earner, along with a special NFT to commemorate his achievement made by our very own resident NFT expert, Jack Dillé. Thank you and congratulations again, Erick!

And with that, we close the Private Alpha Program a bit earlier than planned. Originally we were set to begin Phase 3, which meant a 100 additional people would be invited to try out our platform. Instead, we’re announcing…

The AxieTree Public Beta

We’re opening up our platform to anyone who wants to become a borrower and lender. Check out our Gitbook and please keep the following rules and guidelines in mind:

Registration

Registration is now open to all. Once you connect your MetaMask and enter your email address, you will be added to the queue and receive an email letting you know that you are ready to borrow, along with your Axie Infinity login credentials. This process takes some time so please be patient.

Lenders may proceed to the “Lend” tab and lend out their Axies at any time. Please note our disclaimers in the Lenders section below.

You’ll receive an email with your *Axie Infinity* credentials. Once you receive this email, you can proceed to www.axietree.com to borrow your first 3 Axies (remember to connect to the same address on MetaMask which you used to register)

Epoch period and SLP requirements

Each AxieTree Epoch in the public beta is a period of 2 weeks. Initially, the SLP requirements will be set to 1000 SLP per Epoch. Over time, we may change the target SLP per epoch to facilitate a worthwhile borrowing and lending experience and economy. We will also introduce additional incentives in the future to enable the new Play to Earn model.

Please be aware of the time remaining each Epoch. For example if there are only 5 days remaining in an Epoch, you must borrow and earn 1000 SLP within those 5 days.

Borrowers

If a Borrower does not earn 1000 SLP by the end of the Epoch, the borrowed Axies will be returned to the marketplace. If the SLP requirements have been met, the borrowed Axies remain in the Borrower’s account UNLESS:

  • The Lender requests the Axie back into his/her account at the end of the Epoch
  • The Borrower has marked a specific Axie to be returned to the marketplace
After selecting an Axie and pressing “Edit Epoch Settings” on the top right, Borrowers can set whether to return or keep borrowing an Axie

The top Borrowers of AxieTree who earn the most SLP may be eligible for rewards. For the Public Beta Program, the top Borrowers for each Epoch will receive Axies and other surprises as prizes.

Lenders

We are opening up lending to everyone!

DISCLAIMER: PLEASE NOTE THAT PARTICIPATING AS A PUBLIC BETA LENDER PUTS YOU AT MATERIAL RISK OF POTENTIALLY LOSING YOUR AXIES. AXIETREE IS LAUNCHING WITH UNAUDITED CODE AND WILL BE PURSUING AN AUDIT AT A LATER TIME. PLEASE ONLY SIGN UP TO BE A LENDER FOR THE PUBLIC BETA PROGRAM IF YOU UNDERSTAND THESE RISKS.

During the Public Beta, we recommend that Lenders do not lend more than 30 Axies at a given time.

AxieTree Joins The DeFi Alliance

The DeFi Alliance hosts an eight-week, intensive program designed to give DeFi startups the resources to build, deploy, and grow their platforms. AxieTree’s parent company, NFTree Labs Inc., was chosen to participate in their accelerator program.

Some of the brightest minds in crypto participate in the DeFi Alliance as mentors, sponsors, participants, and we are extremely honored to be part of Cohort #3 of the program. We look forward to building more and more for the Axie, NFT, and DeFi ecosystem.

Thank you always for your support and if you have any questions please reach out to us on Twitter, Discord, or email at support@axietree.com

With much love,

AxieTree team

Disclaimer: This is not an official Axie Infinity service. AxieTree is not affiliated with Sky Mavis or any of its subsidiaries, including “Axie Infinity.”