River aims to establish a stablecoin system with chain abstraction, allowing users to deposit assets on Chain A and mint stablecoins on Chain B without cross-chain operations. The protocol has accumulated a total value locked (TVL) of $400 million and a circulating supply of $100 million in satUSD over the past month, integrating protocols like Pendle and ListaDAO to expand over 20 use cases in lending, yield, DEX, and more. It has collaborated with over 20 projects on the BNB Chain to assist in launching token staking pools.

The staking yield for satUSD remains stable at 14% APR, while providing liquidity for satUSD-USDT on Pancakeswap offers 170% APR. You can adjust the expected FDV in the APR calculator on the official website 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 phase. Users can operate with assets of less than $15, and the deposited assets can be withdrawn immediately. Testing shows that the operational cost on the BNB Chain is less than $0.1, and following the official video, it can be completed in 2-3 minutes.

Users who are not familiar with on-chain or DeFi protocols may take some time to navigate, so this tutorial provides you with the most comprehensive operation, allowing you to complete NFT minting at a cost of less than $0.1 within 3 minutes and fully retrieve your deposited wBNB collateral afterward.

Expected cost: $0.1

Time: 2 minutes

Potential returns: River NFT + 24M River Pts + potential airdrop weight

Deposit wBNB as collateral to mint satUSD

The minting condition for each NFT is that collateral must be deposited on chains such as BNB Chain, Arbitrum, or BOB, and at least 10 satUSD must be minted to qualify. Therefore, you need to first understand how to operate on River's interface to mint satUSD.

1. Go to the Mint page

2. Connect your wallet and select BNB Chain

3. Choose 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 within 30 Seconds

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

Go to the Leaderboard page and find the River Mart NFT event entry

Select the NFT for BNB Chain, and if you have successfully minted satUSD, you can click the Mint button

After successful minting, the BNB Chain NFT will show that it has been successfully collected.

River Mart is divided into 3 phases, with limited NFTs unlocked in the last 2 weeks

River Mart is a multi-chain task centered around satUSD, where users can mint stablecoins and collect NFTs with assets of only $15–20 on different chains, ultimately unlocking a mysterious limited NFT. This is not just an event but a practical experience of River's core mechanism.

• Phase One (8.1 - 8.15): BNB Chain, Arbitrum, BOB, BSquared

• Phase Two (8.8 - 8.22): BASE, Sonice, Hemi

• Phase Three (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 minting qualification for the mysterious NFT.

River is Restructuring the Asset Flow Logic of Stablecoins

Users can deposit assets on any chain and mint satUSD cross-chain without the need for bridging or wrapping, allowing participation in multi-chain protocol scenarios.

Currently, the River protocol has accumulated over $400 million in TVL, with a circulating supply of $100 million in satUSD, integrating over 20 protocols including Pendle and ListaDAO.

The annual yield for satUSD remains stable at 14%, with liquidity pools on PancakeSwap offering over 170% APR, making it one of the most usable stablecoins in the market.

As the final phase of interactive tasks, River Mart allows users to participate in the cross-chain minting process at a cost of less than $0.1, complete the NFT task, and retrieve their assets.

River's goal is to make on-chain assets no longer static but activated, circulated, and generating returns, becoming a truly usable unit of value between 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 contributed and does not represent the views of BlockBeats.

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