IncentiveFi is building a decentralized incentive protocol on Ethereum. It aims to provide tools for creating and managing incentive systems using blockchain technology.

IncentiveFi Project Summary

Welcome to the latest update on IncentiveFi, the pioneering DeFi Claim Exchange. Here's a concise summary of the recent developments and events related to airdrops and claims that you should know about:

Key Highlights

• First-Ever On-Chain Claim Market: IncentiveFi has successfully executed the first on-chain claim market, transforming losses into tradable assets. This innovative approach allows users to trade claims from hacked protocols, turning potential losses into opportunities for profit.

• KiloEx Perp Hack Recovery:

  • Date: April 19, 2025
  • Event: 100% of stolen funds from the KiloEx Perp hack were recovered.
  • Outcome: All claim buyers received payments, with an average gain of 20% in under a week, equating to a 1,052% APR. This marks a significant milestone in DeFi claim trading. Tweet Link

• New Claim Market Launch:

  • Date: April 16, 2025
  • Event: Launch of a new claim market for KiloEx Perp, which was hacked for $7M.
  • Platform: Claims can be traded on the IncentiveFi platform, turning DeFi losses into tradable assets. Tweet Link

• Testnet V1.1 Launch:

  • Date: March 25, 2025
  • Event: Launch of Testnet V1.1 on Arbitrum.
  • Details: Over 100,000 claims traded with more than 4,000 users participating. This release includes major improvements to the claim exchange. Tweet Link

Important Links

• Dune Dashboard: Explore the first-ever DeFi Claim Market and its traction. Dune Dashboard
• Gitbook: Learn more about how claims work and how to trade them. Gitbook

Summary

IncentiveFi is revolutionizing the DeFi space by creating a liquid market for claims, allowing users to trade and profit from hack claims. With the successful recovery of funds from the KiloEx Perp hack and the launch of new claim markets, IncentiveFi is setting new standards in the DeFi ecosystem. Stay tuned for more updates and opportunities to engage with this innovative platform.