River aims to establish a cross-chain abstract stablecoin system, allowing users to deposit assets on Chain A and mint stablecoins on Chain B without the need for 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. It has integrated with protocols such as Pendle and ListaDAO, expanding to over 20 lending, yield, and DEX use cases; it has partnered with more than 20 projects on BNB Chain to assist in launching token staking pools.
satUSD staking yields remain stable at 14% APR, with liquidity providing 170% APR for satUSD-USDT on Pancakeswap. You can use the APR calculator on the official website to adjust the expected FDV and estimate the anticipated annualized returns for each action.
Table of Contents
- How to Mint River Mart NFT
- Deposit wBNB as collateral, mint satUSD
- Mint the first River Mart NFT within 30 seconds
- River Mart consists of 3 stages, unlocking limited NFTs in the last 2 weeks
- River is reconstructing the asset liquidity logic of stablecoins
- Reference Links
River Mart NFT is the final task before River enters the next phase, where users can operate with less than $15 in assets, which can be withdrawn immediately after deposit; testing on the BNB Chain showed operational costs of less than $0.10, and following the official video, the process can be completed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 guidance, allowing you to mint the NFT at a cost of less than $0.10 within 3 minutes and fully reclaim your deposited wBNB collateral afterward.
Expected Cost: $0.10
Time: 2 minutes
Potential Returns: River NFT + 24M River Points + Potential Airdrop Weight
Video Participation Tutorial
The minting conditions for each NFT require collateral to be deposited on chains such as BNB Chain, Arbitrum, BOB, etc., and minting at least 10 satUSD to qualify; therefore, you need to understand how to operate on River’s interface to mint satUSD.
- Go to the Mint page
- Connect your wallet and select BNB Chain
- Select wBNB as collateral (wBNB can be obtained by wrapping BNB on PancakeSwap)
- Enter the amount of wBNB to deposit and mint at least 10 satUSD
- Approve Router and wBNB Token
- Click Confirm
- After successful minting, switch to the Position tab at the top to see your deposited wBNB position
After depositing wBNB on BNB Chain and minting 10 satUSD, you qualify for NFT minting. Go to the Leaderboard page and find the entry for the River Mart NFT event.
Click on the NFT for BNB Chain, and if you have successfully minted satUSD, you can click the Mint button.
After a successful minting, the BNB Chain NFT will display that it has been successfully collected.
River Mart is a multi-chain task centered around satUSD, allowing users to mint stablecoins, collect NFTs, and unlock the final mystery NFT with a minimum asset investment of $15-$20 across different chains. This is not only an event but also 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 Mystery NFT; continue minting NFTs on the previous 7 chains to collect 4 NFTs and hold 10 satUSD on any chain to unlock minting eligibility.
