Pine Protocol News
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Decentralized two-sided NFT-backed loan protocol. Borrow ETH against your NFTs instantly!

πŸ‘Ύ Join our Discord! bit.ly/PineLoans

🌐 https://pine.loans/

🐦 https://twitter.com/PineProtocol
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Actively monitoring the supply of $PINE tokens is very important to us.

As a result we have just burned over 250,000 $PINE from the treasury ❀️‍πŸ”₯

https://bit.ly/pineburn1
https://bit.ly/pineburn2

p.s. We have an even LARGER burn taking place in the next >24 hours 🀫

⚠️The main PINE Protocol Community is Discord, you can join using the link below
πŸ‘‡πŸ‘‡
https://discord.com/invite/pineprotocol
We are excited to announce the Pine Protocol Ambassador Program - a community initiative to reward active participation and contributions by community members to the growth of the platform.

Learn more πŸ‘‡
https://bit.ly/pineambassadors


Apply now πŸ‘‡
https://bit.ly/pineambassador




⚠️The main PINE Protocol Community is Discord, you can join using the link below
πŸ‘‡πŸ‘‡
https://discord.com/invite/pineprotocol
As buidlers in the NFTfi space, we strive to work closely with projects that we believe bring innovation and utility to the space. Today n00dleswap, an NFT AMM project has announced their closure. As partners with n00dleswap, we have been following their development and product very closely, and we are saddened to hear the news.

At Pine, we are committed to making the NFT space more liquid and accessible for everyone. We have spoken with the n00dleswap team, and have come to the decision that we will allow users who hold NOOD and EGG, the native tokens of n00dleSwap, to swap their tokens for PINE tokens.

On March 22nd, 00:00 UTC, we will be swapping NOOD and EGG tokens to PINE at 150% of the market rate. This means that if you hold US$100 worth of NOOD or EGG tokens on March 22nd, 00:00 UTC, you will be eligible to receive US$ 150 worth of PINE tokens in exchange for your NOOD and EGG. NOOD and EGG will cease trading to facilitate the swap after this point of time. PINE tokens will be distributed to all holders before March 30th.

We will take over all source codes of n00dleSwap’s product and we plan to integrate their unique NFT AMM platform into our protocol and platform to build something that would allow for much greater capital efficiency in NFTfi (hints: margin trading, leveraged LP, etc). Stay tuned for more exciting updates!


⚠️The main PINE Protocol Community is Discord, you can join using the link below
πŸ‘‡πŸ‘‡
https://discord.com/invite/pineprotocol
We are excited to announce that we have opened our governance voting system for all sbPINE & vePINE holders.

Stakers & Burners of $PINE can now create proposals, and vote to decide on the direction of development of Pine Protocol.

You can view the guide and announcement here πŸ‘‡
https://medium.com/@PineLoans/governance-is-now-live-cec0f4c91c90

To kickstart the governance, the Pine team has submitted two proposals:

[PIP-1] PINE Token Drop to Pine Pieces Genesis Holders

[PIP-2] Turning on Incentives for Pine Protocol Users for Age 1 / Epoch 4

These two proposals will operate on a first past the post system .. that is, which ever option has the highest votes at the end of the voting period will be the selection.

Users that have(or in the future) staked or burn their Pine will be able to vote. Voting power depends on the governance share shown on our governance dashboard.


We hope to see all of our stakers and burners participate, and share their voice!

Vote here πŸ‘‡
https://snapshot.org/#/pineprotocol.eth



⚠️The main PINE Protocol Community is Discord, you can join using the link below
πŸ‘‡πŸ‘‡
https://discord.com/invite/pineprotocol
Voting for PIP 1 and PIP 2 have now closed with a participation rate of 58%


As a project focused on decentralization, and giving power to our holders, we invite all community members as well to submit their own proposals.

Thank you to everyone that participated in the vote!

Submit hereπŸ‘‡
https://snapshot.org/#/pineprotocol.eth/create/0
Friendly reminder that we'll be going live with our partners Bond Protocol
for a live AMA in less than 5 hours!

Be sure to set a reminder and tune inπŸ‘‡
https://twitter.com/i/spaces/1OdKrzoNPRPKX?s=20



⚠️The main PINE Protocol Community is Discord, you can join using the link below
πŸ‘‡πŸ‘‡
https://discord.com/invite/pineprotocol
We have launched $PINE bonds on Bond Protocol πŸ”₯


Liquidity from bonds will be used to grow the platform, increase dex liquidity, and onboard new users

GuideπŸ‘‡
https://bit.ly/pinebonds

Get BondsπŸ‘‡
https://app.bondprotocol.finance/#/issuers/Pine%20Protocol
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We've added a new 'My Incentives' section to our governance page, and users can now view their share of the protocol usage. πŸ”₯
As detailed in our whitepaper, part of our long-term strategy for growing protocol usage, includes providing incentives for borrowers and lenders on Pine

The full breakdown of how incentives are divided can be found on our whitepaperπŸ‘‡
<https://docs.pine.loans/ecosystem/age-1>


As a result of PIP-2 vote, protocol incentives were not activated for Epoch 4. Only 60% of holders participated in the previous vote possibly due to short notice, and this time we want to provide adequate notice of the upcoming vote.

As participation in our governance has grown, In the next few days we will be submitting PIP-3 ($PINE as incentives for protocol usage for Age 1 - Epoch 5)

Key dates:
3/26 22:00ET -Snapshot of Voting Power
3/26 22:00ET -PIP 3 Voting Starts
3/27 21:59ET - PIP 3 Voting Ends


Keep in mind that the vePINE /sbPINE snapshot for PIP-3 will take place March 26th at 22:00. Users must obtain their sb/vePINE prior to that date to have their units available for vote.
Any sbPINE / vePINE obtained after the snapshot will not be counted towards the vote.

Ultimately the decision whether to turn of incentives for the next epoch is the hands of the community

We are excited to see what the community thinks - see you at the vote🌲
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Voting for PIP-3 will commence in less than 12 hours!

We've prepared a brief primer on PIP-3 and what it means for our holders and community.

πŸ‘‡
https://bit.ly/Pinepip3

Users wishing to share their voice on whether the incentives should be activated this epoch will be able to vote, based on their governance share of the platform.

⚠️Users wanting to participate or increase their voting shares MUST do so prior to snapshot @ 22:00 ET 3/26⚠️

We
are very excited to see what the community thinks, and hope to see everyone at the vote!
πŸ“£Voting for PIP-3 [Providing $PINE incentives for protocol usage - Epoch 5] is now live!

Voting is open for the next 24 hours!πŸ“…

To give...or not to give. Choose Wisely!

https://snapshot.org/#/pineprotocol.eth/
πŸ”₯Less than 12 hours remain to vote on PIP-3 [ $PINE Incentives for borrowers and lenders in Epoch 5 ]

If you have staked or burned $PINE you are eligible to vote!

Visit πŸ‘‡
https://snapshot.org/#/pineprotocol.eth/

and let your voice be heard πŸ“£
PIP 3 voting has finished, and the community has voted "For" the activation of Epoch 5 rewards!

Lenders & Borrowers will earn a share of $PINE tokens, based on their protocol usage this epoch.

Over 208,000 $PINE are available this week

So don't miss out!

Get StartedπŸ‘‡
https://app.pine.loans

Guide πŸ‘‡
https://bit.ly/earnpine
πŸ“£Last week 250,000 $PINE were given out in rewards to lenders & borrowers on Pine

Simply borrow #ETH using your #NFTs as collateral
or lend out ETH to borrowers, & claim your weekly share of rewards🎁

Another 250,000 PINE is waiting!

Get started πŸ‘‡
http://pine.loans
Monday update;

In less than 24 hours we'll be adding support for a new network!

What this means πŸ‘‡

βœ…Access to instant liquidity for over 200M new wallets
βœ…Increased Utility for thousands of new NFT Collections
βœ…More Opportunities to earn $PINE Rewards

Are you ready?
πŸ”‰Voting for PIP-4 [Activating $PINE Incentives for Epoch 6] is now live!πŸ”‰

-Should active borrowers and lenders this week be eligible for $PINE rewards? ❓

Vote now! πŸ”½

https://snapshot.org/#/pineprotocol.eth
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Pine Protocol's NFT Lending Platform is NOW LIVE on Polygon πŸŽ‰

NFTs on Polygon rank SECOND in market cap after Ethereum, and Pine Protocol
brings NFT lending to Polygon's 200M+ wallets & boosts the utility for existing collections.

Let’s watch NFTfi grow on Polygon!
Pine Protocol is officially open on Polygon.

Holders of Polygon NFT assets including y00ts & more, now have access to instant liquidity loans, can earn $PINE rewards for borrowing/lending, and can purchase NFTs on installment using our mortgage-like features.

Pine's mission is to build and facilitate the adoption of technology that will bring asset-backed financing on chain. Since launching our beta in late 2022, Pine has processed over $4.5m in NFT-backed loans, and we are very excited to integrate support for Polygon NFTs.

To kickoff our launch, PineDAO has partnered with y00ts , Rekt Dogs, Polygon Apes, Rekt Gang, and HellCats to open lending pools for their holders.

Holders of the above NFTs now have access to instant liquidity loans, and can earn $PINE rewards for using the platform.


Pine Protocol is backed by leading investors including Amber Group, Sino Global Capital, Sparkle Ventures, Spartan Capital, Shima Capital and Gate Ventures

Our permissionless smart contracts have been triple-audited for user security


The addition of Polygon NFTs strengthens not only Pine Protocol, but the 200+ Million wallets on the Polygon ecosystem, along with all NFT collections built on Polygon.

We're very excited to open our doors to the Polygon world, and will continue to strengthen the NFT-Fi space.
Shortly, we'll be conducting a governance vote on whether 208,000 $PINE in incentives should be given to Borrowers & Lenders for Epoch #7

Be sure to burn/stake your $PINE before the Snapshot! πŸ”₯

Snapshot πŸ“· Apr 10 13:59 UTC
Voting πŸ“· Apr 10 14:00 ~ Apr 11 14:00 UTC
πŸ“£Voting for PIP-5 [Activating $PINE Incentives for Epoch 7] is now live!

-Should active borrowers and lenders this week be eligible for $PINE rewards? ⁉️

Vote now! πŸ‘‡
snapshot.org/#/pineprotocol.eth
PIP-5 Voting has finished, and the community has voted "For" activation of Epoch 7 rewards πŸ”₯

Active lenders and borrowers on Pine will earn $PINE tokens this week.

For full info on how rewards work, check out the below guide πŸ‘‡

https://medium.com/@PineLoans/pip-3-incentives-for-borrowers-lenders-a-primer-4e07f21316de