Hydro Protocol is the first and only native liquid staking protocol on the Injective Network. They are one of the best Injective ecosystem projects for airdrops. This is because they have already confirmed their airdrop, and are in the testnet phase, meaning that you do not have to use any real funds to participate. Hydro Protocol have also announced their Early Access Farming (EAF) campaign, which will start on 31st January 2024 and last for 4 weeks This is our guide to the Hydro Protocol ($HDRO) token Early Access Farming airdrop.
Check out our Hydro Protocol airdrop video guide!
https://www.youtube.com/watch?v=zK1-q2yc7XU
What is Hydro Protocol?
Hydro Protocol is a platform for staked assets on the Injective Network that offers liquid staking derivatives (LSD) and real yield aggregation. Here are some of the main features of Hydro Protocol:
Liquid Staking Derivatives (LSD): Allows users to deposit INJ tokens and receive hINJ tokens, which can be used across other DeFi protocols and earn staking rewards.
hINJ token: A liquid staking token by Hydro Protocol that enables instant staking benefits and liquidity for INJ holders.
Yield farming: Users can deposit hINJ tokens and get maximum yield on them, with a boost program to reward farmers.
Auto-compounding: This feature automatically re-stakes INJ rewards for users, saving them time and fees and maximizing their staking yields.
HDRO token: This is a governance and utility token on Hydro Protocol that has a deflationary mechanism and value accrual mechanism to benefit HDRO holders and stakers.
Real yield aggregator: Tis feature aggregates real yield from various sources into an index and distributes it to users, creating a new opportunity for LSDFi (Liquid Staking Derivatives Finance).
Will there be a Hydro Protocol ($HDRO) token airdrop?
Hydro Protocol have confirmed they will be launching their mainnet and $HDRO token on 31st January 2024. They have also confirmed they will be doing 3 airdrops as follows:
Testnet airdrop: Those who participated in the testnet campaigns in Fall 2023 are eligible. The airdrop amount will be based on the leaderboard ranking.
INJ Stakers Airdrop: For anyone who has any amount of INJ staked on an active validator in the Injective Ecosystem. The snapshot was taken on 4th January 2024 at 14:11:45 UTC. The airdrop amount will be based on the duration and amount of staking.
Early Access Farming Airdrop: For users who stake their INJ with Hydro once it launches on 31st January 2024. The airdrop will last for 4 weeks and will have a boost factor. The amount to be airdropped will be based on the timing and amount of staking.
What is the Hydro Protocol ($HDRO) Early Access Farming (EAF) campaign?
Hydro Protocol’s ($HDRO) Early Access Farming campaign is phase 3 of Hydro Protocol’s airdrop scheme. It rewards users for staking $INJ tokens on Hydro and will start on 31st January 2024 and run for 4 weeks. Users will earn points based on the amount and duration of their staking. The points can then be converted to $HDRO tokens after the token generation event (TGE).
Hydro Protocol have confirmed the key to getting more $HDRO airdrop rewards in their Early Access Farming is to stake $INJ earlier. This means that the more you stake and the earlier you do it, the more $HDRO airdrop rewards you will receive.
How to get the Hydro Protocol ($HDRO) token airdrop?
Phases 1 and 2 of the Hydro Protocol ($HDRO) token airdrop have already been completed. But there is still one last airdrop left, and the team promises it will be the biggest airdrop yet! There are 4 weeks left for this airdrop so you should act NOW!
Note that the Hydro Protocol team have said that $INJ staking is the number one priority for the airdrop. So, users are recommended to focus on steps 3 and 4 below.
Time needed: 30 minutes
Here’s how to get the 3rd and final Hydro Protocol ($HDRO) token airdrop
Add Injective testnet to wallet
Hydro Protocol supports Keplr and Leap wallets. Make sure you have added the Injective testnet to your wallet. To do this on Keplr wallet, go to https://chains.keplr.app/. Search for Injective (testnet) and add the chain.
Go to https://app.hydroprotocol.finance/lsd. Enter how many testnet $INJ tokens you wish to stake and click “Stake & Mint”. Follow the instructions on your Keplr wallet. You will mint hINJ at a 1:1 ratio of staked INJ. Do this for both $INJ and $HDRO reward types.
Stake your $hINJ tokens on the farm
Once you have minted some hINJ, go to https://app.hydroprotocol.finance/farm. Enter the amount of hINJ you wish to stake, agree to the Terms of Use and click “Add Farm”.
Auto compound
Go to https://app.hydroprotocol.finance/auto and delegate your testnet $INJ to the Injective Validators. Type in the amount you wish to delegate and click “Stake”.
Pools
Go to https://app.hydroprotocol.finance/pool and choose the HYDRO/INJ pool. This pool should be your number one priority if you want to play around with liquidity pools because it is the only pool featured on Hydro’s leaderboard. Enter the amount of $HDRO and testnet $INJ you wish to stake and approve the transaction.
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of airdrop: The Hydro Protocol airdrop is now live. They have done 2 airdrops already and the third, final and largest airdrop is live!
Airdropped token allocation: The Hydro Protocol airdrop allocation is unknown. But the team have promised this last airdrop will be the largest yet.
Airdrop difficulty: The Hydro Protocol airdrop requires participants to primary use their liquid staking feature on the protocol, which is not difficult. What’s more, they are only on testnet so you will not be using real funds!
Token utility: The $HDRO token can be used for governance, value accrual, staking rewards and to access various exclusive features and services on the platform.
Token lockup: There is no information on the $HDRO token lockup yet.
Black Panther Finance is a protocol on Injective that enables users to earn more from their digital assets by using smart vaults that trade for them with one click. The team has confirmed that they will distribute $POINT tokens on the Injective mainnet through an airdrop. These $POINT tokens can be used to unlock rewards when their $BLACK token is launched. Here is our Black Panther Finance ($BLACK) token airdrop guide.
Check out our Black Panther Finance ($BLACK) token airdrop video guide!
https://www.youtube.com/watch?v=65L8dzW36YA
lack Panther ($BLACK) Airdrop Guide (UPDATE)
What is Black Panther Finance?
Black Panther Finance is a service that helps you make more money from your digital money. It does this by using smart programs that trade your money for you in different ways. Some of these ways are:
Grid Trading: Buying and selling money when the price goes up and down in a range.
Trend Following: Buying and selling money based on the direction of the price movement.
AI Powered: Using artificial intelligence to find the best trading opportunities.
You can choose from different types of trading programs, called vaults, that have different levels of risk and reward. You can also earn extra money by joining some special programs that reward you for using Black Panther Finance. All you need to do is to deposit your money into the vaults and let them do the work for you.
Will Black Panther Finance ($BLACK) do a token airdrop?
Black Panther Finance have confirmed they will do an airdrop. Their website even has an airdrop section! The team have confirmed they will be distributing $POINT tokens on Injective’s mainnet. These $POINT tokens can be used to unlock rewards when their $BLACK token is launched, which will enable token holders to earn revenue from Black Panther’s protocol.
How to get the Black Panther Finance ($BLACK) token airdrop?
Here’s how to get the Black Panther Finance ($BLACK) token airdrop
Set up profiles and wallets
Create 10 Chrome profiles and install Keplr extension on each of them1. You will use these profiles to create 10 different wallets. We suggest you create a spreadsheet to keep track of all your addresses and where your funds are sent.
Deposit $INJ
Deposit $INJ tokens into your main Keplr wallet. You can buy $INJ tokens on centralized exchanges such as Bybit.
Send both $INJ to each of your 10 wallets. You will need around 6 $INJ per wallet. Remember to update the information on your spreadsheet so you do not lose track of your funds!
Stake $INJ
Connect your wallet to the Injective Hub and find the “Black Panther | Delegate for Claimdrop” validator. Click “Delegate Now” and “Continue to Delegate”. Stake around 3 $INJ to the Black Panther validator. Repeat this step for each of your Chrome profiles.
However, in order to claim the OAT, you will need to use Avalanche. Therefore, make sure you have $AVAX in your Metamask wallet to pay for gas fees. Note that if you are going to be withdrawing from an exchange to your Metamask, make sure you do so via AVAX C-chain.
Interact with Black Panther Mainnet
Go to https://trade.blackpanther.fi/vault. There are 3 featured vaults which offer 3 strategies: Real Yield, Trend Following and Market Making. Deposit into these vaults for potential to earn some passive income!
However, note that the Market Making vault uses a dual pair of tokens i.e. INJ/USDT. So be careful if impermeant loss!
Learn more about impermeant loss and why it is a risk HERE
Frequently Asked Questions (FAQs)
Is it too late to do the Black Panther Finance airdrop?
No! The airdrop has been going on since August 2023, BUT no snapshot has been announced yet. So, there is still time to complete the airdrop tasks!
When will Black Panther Finance do their airdrop?
The Black Panther team have not announced when they will do the airdrop.
Best strategy for Black Panther Finance airdrop?
One strategy for the Black Panther Finance airdrop is to focus on the staking validator snapshot. To do this, go to Injective Hub, finding the “Black Panther | Delegate for Claimdrop” validator and staking $INJ there.
How much $INJ do we need to stake to get $BLACK token airdrop?
There has not been any announcement yet on how much $INJ you need to stake in order to get the Black Panther token airdrop.
Glacier Network ($GLC) is a layer 2 data network that enables decentralized apps to use decentralized databases with programmable data composability and scalability. The Glacier Network team have confirmed they will do a $GLC token airdrop. This is our Glacier Network ($GLC) token airdrop guide!
What is Glacier Network?
Glacier Network aims to build a scalable and composable layer 2 data network for decentralized applications. It leverages various decentralized storage solutions and rollup technologies to enable low-cost, reliable, and interoperable data services for web3 developers.
Will Glacier Network ($GLC) do a token airdrop?
Glacier Network have confirmed they will do an airdrop. They are currently running a campaign that allows users to claim an On-chain Achievement Token (OAT) and potentially receive an airdrop. Glacier Network will also be integrating Celestia as their modular network. Therefore, there is a chance that Celestia $TIA stakers may also be rewarded with $GLC tokens.
How to get a potential Glacier Network ($GLC) token airdrop?
Time needed: 17 minutes
Here’s how to get a potential Glacier Network ($GLC) token airdrop
Connect to Glacier Network and get FREE GLC!!
Go to Glacier Network and get 10 FREE GLC with our referral code HERE! On the page, click “Launch App” and you will be directed to connect your wallet.
Create a Nameset
On the pop up window click “Create a Namespace” and give it a unique name. Sign the transaction. It doesn’t matter which chain you’re on because you’re not paying any gas.
Create a Glacier dataset
On the same window, click “Create dataset”. Give it a unique name and click “OK” and sign the transaction. Then click on your newly created dataset and complete the name and field sections. Remember to click the check mark next to the description section as this is the node you will be adding, then click the “+” button. Fill in 2 lines.
As you will need to insert 2 documents in step 4 below, you need to repeat this step to create a total of 2 datasets.
Invite friends
Invite your friends using your referral link. Note that your invitees also need to create a dataset and insert 2 documents.
Complete Galxe quests
Go to the Glacier Network Galxe Questpage and complete the tasks. These are mostly social tasks. Remember to claim your OAT!
Glacier Network airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of airdrop: Glacier Network have confirmed they will do an airdrop. Their main page even has a rewards section!
Airdropped token allocation: The Glacier Network airdrop allocation is unknown.
Airdrop difficulty: The Glacier Network airdrop is quite straightforward, you only need to create 2 datasets and complete the social tasks on Galxe.
Token utility: The $GLC token utility is unknown.
Token lockup: There is no information on the $GLC token lockup yet.
DojoSwap ($DOJO) is a DEX built on Injective that aims to provide efficient trading and liquidity mining to the Injective ecosystem. The project have confirmed on their roadmap they will do an airdrop. Learn how to get the DojoSwap ($DOJO) token airdrop with this guide.
Check out our DojoSwap ($DOJO) token airdrop video guide!
https://www.youtube.com/watch?v=bgV5EIwSXKo
DojoSwap AIRDROP: HUGE Yields for Injective STAKING?!
What is DojoSwap ($DOJO)?
DojoSwap is a decentralized finance (DeFi) platform on Injective. It is designed to enable users to earn rewards by participating in liquidity provision and farming activities within the cryptocurrency ecosystem. DojoSwap offers a user-friendly way for users to yield farm, which involves staking and providing liquidity to various cryptocurrency assets.
Key features of DojoSwap include:
Liquidity Provision: DojoSwap allows users to provide liquidity to cryptocurrency pairs, such as INJ and dINJ, to facilitate trading on DEXs.
Staking INJ Tokens: Users stake their INJ tokens to earn dINJ rewards, which represent their share of the liquidity pool.
Farming Rewards: By staking the liquidity pool tokens (e.g., dINJ-INJ LP), users can farm rewards. This includes validation APR from dINJ and Farm APR from $DOJO token emissions.
Trading Fees: Users who provide liquidity can also earn trading fees accrued to the liquidity pool pair, enhancing their potential earnings.
In essence, DojoSwap simplifies the process of participating in DeFi activities. Thus, making it accessible to users who wish to earn rewards by providing liquidity and staking INJ tokens. It offers the opportunity to earn rewards through various mechanisms while facilitating cryptocurrency trading on decentralized platforms.
What is the DojoSwap ($DOJO) token?
The $DOJO token is the native token for the DojoSwap ecosystem, serving several essential purposes:
Governance: DOJO token holders have the power to make decisions and influence the platform’s development and future directions through voting on proposals and changes.
Rewards: DOJO tokens are distributed as rewards to liquidity providers and farmers, incentivizing users to participate in the platform by staking their tokens or providing liquidity.
Staking: DOJO tokens can be staked, allowing users to earn more DOJO tokens over time, enhancing their overall holdings.
Transaction Fee Reduction: DOJO holders enjoy reduced transaction fees when interacting with the DojoSwap platform, making it cost-effective for users.
DOJO is the backbone of the DojoSwap ecosystem, providing governance power, rewards, staking opportunities, and fee reduction benefits to users. It plays a central role in incentivizing and governing the platform, making it an integral part of the DojoSwap experience.
How to get the DojoSwap ($DOJO) token airdrop
Time needed: 29 minutes
Here’s how to get the DojoSwao ($DOJO) token airdrop
Set up a wallet
DojoSwap supports the following web3 wallets: Metamask, Keplr, Leap and TrustWallet.
Get Injective ($INJ) tokens
To participate in DojoSwap, you’ll need Injective Protocol (INJ) tokens. You can buy Injective ($INJ) on various cryptocurrency exchanges such as Bybit or Binance.
We suggest funding your wallet with INJ by transferring tokens to your Web3 wallet from your exchange wallet. This is because this is likely to cos the least transaction fees.
Connect to DojoSwap
Visit the official DojoSwap website (make sure you are using the correct and official website) and click the “Connect” button on the top right hand side.
Stake INJ
Go to https://dojo.trading/liquid-staking, select the amount of INJ you wish to stake and click “Stake”. You will earn DoJo Injective ($dINJ) tokens as a reward. Note that it will take 24 days to unstake. Alternatively, you can unstake immediately by swapping your $dINJ for $INJ, but this would result in some loss.
BONUS: Maximise your $INJ returns
To maximise your staking returns and get the maximum effective ROI, stake half of your $INJ to receive $dINJ. Then, farm dINJ-INJ LP in equal amounts i.e. type in the same amount of $INJ and $dINJ. However, we recommend providing slightly less $INJ than what is in your wallet balance as you may need $INJ to pay transaction fees.
Finally, go to https://dojo.trading/farms and deposit everything into the dINJ-INJ LP farm. By doing this, you will receive $POINTs that will be redeemable to $DOJO, and trading fees generated by the dINJ/INJ liquidity pool pair.
Likelihood of airdrop: The likelihood that DojoSwap will do an airdrop is very high, as they confirmed on their roadmap that they will distribute $DOJO tokens to eligible participants.
Airdropped token allocation: Dojoswap have allocated 48 million tokens (6% of their total token supply) towards their airdrops, redemption of $POINTs for $DOJO as well as their marketing and ecosystem grant.
Airdrop difficulty: The airdrop difficulty is moderate as it involes buying and transferring INJ tokens, connecting to DojoSwap, staking INJ, and harvesting farming rewards. However, you will be using real funds to do this.
Token utility: DOJO holders receive a share of fees and token burning generated from protocol fees, along with unique privileges like access to exclusive launchpads and integrations with future partners.
Token lockup: There will not be any lockup for the $DOJO token.
PRYZM ($PRYZM) is a platform built on Cosmos that allows users to trade their future staking rewards for different types of tokens, such as fixed yield tokens, leveraged yield tokens, or stablecoins. The team have confirmed they will do an airdrop to BOTH Cosmos stakers and PRYZM testnet users. Here’s our guide to the PRYZM ($PRYZM) token airdrop.
Check out our PRYZM airdrop video guide!
https://www.youtube.com/watch?v=Axab5iDuxUQ
Pryzm AIRDROP: HUGE Testnet Airdrop on COSMOS (SUPER EARLY)
What is PRYZM ($PRYZM)?
PRYZM is a new way of using DeFi. Built on Cosmos, PRYZM lets people swap, trade, and convert their future income from DeFi into different forms. Here are some of its main features:
Fixed Yield Swap: You can exchange your variable income from DeFi for a fixed income for a certain period of time. This way, you can avoid the risk of losing money if the market changes.
Yield Leverage: You can borrow money from PRYZM to increase your income from DeFi. You don’t have to worry about paying back the loan or losing your assets if the market goes down.
Yield Conversion: You can change your future income from DeFi into any stablecoin, which is a digital currency that has a fixed value. This way, you can protect yourself from the price fluctuations of DeFi assets.
Yield Tokenization: You can split your DeFi asset into two parts: one that represents the principal amount and one that represents the income. You can then trade or stake these parts separately or together.
What is the PRYZM ($PRYZM) token?
The PRYZM token is the native token of the PRYZM network. It is used to pay for transaction fees, governance, and staking rewards.
Will there be a PRYZM token airdrop?
The PRYZM team have confirmed they will do an airdrop in their upcoming StakeDrop event. Later, they also announced further airdrop criteria. Up to 200 million PRYZM (i.e. 20% of the total token supply) will be airdropped to PRYZM’s Atom, Osmosis and Luna Validators. Users can participate in the StakeDrop by staking one or more of the following tokens: $ATOM, $OSMO or $LUNA. The airdrop amount for each user will depend on the amount and type of tokens they stake, as well as the duration of their participation. The airdrop eligibility criteria and distribution schedule will be announced soon here.
Pryzm Airdrops 🪂
✔️Backers: Pryzm delegators ✔️OGs: May 2022 PRISM holders
PRYZM has confirmed they will do an airdrop to BOTH Cosmos stakers and PRYZM testnet users. Here’s how to get a potential PRYZM token airdrop, as well as some of our additional strategies to maximise your airdrop!
Stake Cosmos $ATOM tokens
Go to your Keplr (or Leap) wallet dashboard. Click on “Chains” on the left. Click into “Cosmos Hub” and search for the PRYZM validator. Type in the amount of $ATOM you wish to stake and click “Stake”. Note for the airdrop there is no minimum amount which must be staked in order to qualify. However it is likely that the more you stake, the more tokens you will receive.
Stake Osmosis $OSMO tokens
Follow the same steps in 1 above but in the Chains section, click into “Osmosis”. Search for the PRYZM validator. Select the amount of $OSMO you wish to stake and click “Stake”.
Stake Terra $LUNA tokens
Go here and fill in the amount of $LUNA tokens you wish to stake. Click “Delegate”.
Mint and hold $cLUNA
This only applies if you had been bonding your $LUNA to mint $cLUNA. PRYZM have announced that the current $cLUNA contract on Terra will be deprecated. So, users are asked to unbond their $cLUNA before PRYZM’s mainnet launch. However, PRYZM will still be doing weekly airdrop snapshots for $cLUNA holders for 3 more weeks until 2nd February 2024 to allow users time to redeem their $cLUNA.
Complete Zealy quests
Go to the PRYZM Zealy questboard and complete the tasks. Most of these are social tasks such as interacting with their social media pages. Other tasks include delegating $ATOM, $OSMO and $LUNA which you would have already done in steps 1 to 3 above.
Set up PRYZM testnet
Connect your wallet to https://testnet.pryzm.zone/. Go to “Faucet” and click “Request tokens” for some testnet $USDSim and $PRYZM. Then, delegate your $PRYZM by going to “Earn” and “Delegate”. Type in the amount of testnet $PRYZM tokens you wish to delegate, select any validator and click “Stake”. You will gain voting power once you have delgated your $PRYZM, so do not forget to vote on any governance proposals.
Delegate and vote on PRYZM testnet
Delegate your $PRYZM by going to “Earn” and “Delegate”. Type in the amount of testnet $PRYZM tokens you wish to delegate, select any validator and click “Stake”. You will gain voting power once you have delegated your $PRYZM, so do not forget to vote on any governance proposals.
Swap tokens on PRYZM testnet
Go to https://testnet.pryzm.zone/swap. Swap some $USDSim to $ATOM and $LUNA. We recommend these two swaps because it means you can also bond the tokens using their liquid staking feature (see below).
Bond tokens on PRYZM testnet
Go to https://testnet.pryzm.zone/pryzm/bond. Select the amount of $ATOM or $LUNA tokens you wish to bond and click “Accept and bond”. You will receive $cATOM and $cLUNA tokens respectively.
Provide liquidity on PRYZM testnet
Go to https://testnet.pryzm.zone/pools. Most people choose the USDSim/PRYZM or SIM/PRYZM pools. Click into the pool and select the number of tokens you wish to provide and click “Provide liquidity”. Approve the transaction in your Keplr wallet.
What is interesting about the pools on PRYZM is that you do not need to provide a pair of tokens. You can provide only 1 of the tokens by clicking the red minus button on the token do you not want to provide.
Providing liquidity will get you $yAssets or $pAssets, which can be used for other features on PRYZM.
Test the rates feature on PRYZM testnet
Go to https://testnet.pryzm.zone/pryzm/rates and choose between Fixed Yield Token (pAsset) or Variable Yield Token (yAsset). This will swap your $ATOM to $pATOM or $yATOM, as the case may be. You can also click on “Refract” which will allow you to get both $pATOM and $yATOM using $cATOM. Also try the “Merge” feature, which is the opposite of Refract i.e. your $pATOM and $yATOM will be merged into $cATOM.
Try the PulseTrade feature on PRYZM testnet
PulseTrade is a feature which allows you to break down your trades into smaller parts. This helps you control when they are executed and reduces the price impact caused by larger trades. To use the PulseTrade feature, go to https://testnet.pryzm.zone/pulsetrade and buy liquidity pool tokens using $PRYZM.
Try the FlowTrade feature on PRYZM testnet
FlowTrade allows users to gradually convert any token to another. Go to https://testnet.pryzm.zone/flowtrade and choose a flow. Click on a live trade, choose the number of $PRYZM tokens and click “Join the flow”. Alternatively you can create your own Flow.
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of airdrop: PRYZM have already confirmed they will do an airdrop and given lots of hints on how to be eligible for it.
Airdropped token allocation: The PRYZM team will airdrop up to 200 million PRYZM (i.e. 20% of the total token supply).
Airdrop difficulty: There are a range of tasks to complete, such as social tasks on Zealy, interacting with their testnet and most importantly, staking onto PRYZM’s Validators. There is something for every skill level.
Token utility: PRYZM token is the official cryptocurrency of the PRYZM network. It is used to cover transaction fees, governance, and staking rewards.
Token lockup: There is no information on the $PRYZM token lockup yet.
SyncSwap is one of the first and biggest protocols in the zkSync ecosystem. SyncSwap is a DeFi hub that allows users to trade and deposit liquidity into pools to earn trading fees, all with the same security as the Ethereum mainnet. (eluminoustechnologies) On 1st March 2023, SyncSwap announced their testnet is live on the zkSync Era testnet. In this article, we look at how you can best position yourself to receive a potential SyncSwap token airdrop.
SyncSwap is a decentralized exchange (DEX) that offers users a secure and low-cost way to access DeFi (decentralized finance). Powered by zero-knowledge technology, SyncSwap provides users with a seamless and secure way to trade Ethereum-based assets. With SyncSwap, users can enjoy the benefits of DeFi without sacrificing security.
Does SyncSwap have a token?
SyncSwap will have a token in the future, called $SYNC. However, there is no official announcement yet, but with the popularity of airdrops and the positive benefits they can bring to a project (See Blur token airdrop), it is very likely that SyncSwap will do an airdrop. Especially since zkSync is also likely to do an airdrop too.
How to receive a potential SyncSwap token airdrop?
The best method of receiving a potential SyncSwap airdrop is to interact with the SyncSwap Era testnet. Here’s how to receive a potential SyncSwap ($SYNC) token airdrop:
Go to their Swap page. Choose the type and amount of tokens and click “Swap”.
Deposit liquidity to their Pools. On the top bar, click the down arrow, “Positions” and “New Position”. Select USDC and ETH and click “Enter Pool”. Then click “Deposit” located on the left-hand side of the screen and deposit both USDC and ETH. Then, unlock your tokens and deposit them into the pool.
The first phase of the SyncSwap loyalty program will last for 30 days from April 10th 14:00 (UTC) and to May 10th 15:00 (UTC+1). During this phase, 900,000 $SYNC will be up for grabs. To participate, start trading ETH, USDC, BUSD (Celer Network) and USD+ to earn ySYNC. You will automatically get 1 ySYNC for every $1 generated in trading fees. It is a non-transferable SyncSwap Loyalty Token that can also be converted to veSYNC tokens.
How to save gas fees on SyncSwap
Transaction volume could be the key to getting a potential $SYNC token airdrop. However, gas fees can be very expensive. Here’s 2 top ways on how to maximize your $SYNC airdrop by saving gas fees on SyncSwap:
Paymaster is a new feature that allows you to use other tokens to pay gas fees AND gives you fee discounts for doing so. Paymaster currently lets you pay gas fees using $USDT, $USDC and $HOLD. To use Paymaster on SyncSwap, make sure your MetaMask wallet and SyncSwap are both connected to the zkSync Era Network. Next, click and hold on your account balance which will bring up the Paymaster window. There, you can see the fee discounts offered by Paymaster when using other tokens to pay gas fees. For example, you get a 50% fee discount when paying with $HOLD! Click the token you wish to pay gas fees with and continue with the swap transaction on SyncSwap.
Alternatively, if you want to use ETH to pay transaction fees, you can save gas fees by wrapping and unwrapping ETH. To do this, wrap and unwrap ETH on the “Trade” tab. Select “ETH” and “WETH” as the tokens and input the amount of ETH to be swapped, then click “Wrap”. Confirm the transaction on Metamask. Then, do the reverse to unwrap your ETH. Gas fees are around $1 per transaction.
Approve token spend. On the “Trade” tab, choose a token and type in “1”. Then click “Unlock”. On your Metamask, select the custom spending cap and click “Next”. Gas fees are around $1 per transaction.
SyncSwap token airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: SyncSwap has confirmed it will have a $SYNC token. They are likely to do an airdrop considering how it is proven how effective it can be in bringing attention and users to a protocol. Also, SyncSwap is built on zkSync, which themselves are also likely to do an airdrop.
Airdropped Token Allocation: The tokenomics of the SyncSwap token are unknown.
Airdrop Difficulty: The project has not yet released details about any airdrops. However, interacting with their testnet may give you a chance to get a potential airdrop. It also only requires testnet tokens, so it is free to do!
Token Utility: The SyncSwap token utility is unknown.
Token Lockup: The SyncSwap token lockup period is unknown.
The Trezor Model T is a cryptocurrency hardware wallet created by SatoshiLabs Group. Released in March 2018 with the latest firmware update in April 2023, the wallet features a new operating system tagged Trezor Core. This enables faster development of features and smooth coin support. This article is a guide on how to set up your Trezor Model T.
You can also set up your device with my step-by-step video below.
Check out our Trezor Model T Guide and review video!
Trezor Model T Packaging
This premium model costs 249 Euros (US$252). The Trezor Model T comes as a special kit, it contains the Trezor Model T device, magnetic dock, USB type C cable, stickers, user guide and recovery seed.
Trezor Model T kit
Trezor Model T Installation Guide
Installation is smooth with the aid of the user guide. Their website also has a web assistant to guide you through the installation steps.
Notably, you have to be careful in the entire process to avoid leaking your private keys and recovery phrase. Leaking your private keys or recovery phrase opens you to serious risk by hackers to steal your coins.
For complete security, ensure the area where you are setting up your Trezor Model T is completely camera free including sealing your computer’s webcam.
The Model T device comes with a hologram seal that you have to peel off to plug in to your PC.
If you don’t see this seal or it looks different to the one pictured, do NOT proceed with the set up and contact Trezor support immediately.
Connect the Trezor Model T and your computer using the USB type C cable provided.
Download and Install the Latest Firmware
The next step is to download and install the latest firmware.
Download the latest firmware from the Trezor website. Do not disconnect your device during this process!The Trezor will restart after installation. On the website, click “Check for devices” and connect to the “Unknown device from InterBiometrics”- this is actually your Trezor.
Afterwards select the option “Create a new wallet”. This will be proof that the wallet is unused.
Select “Create a new wallet” if you are using the Trezor for the first time. Some ebay sellers will ask you to restore your wallet, those are scams!
Create a Backup of Your Trezor Model T
The penultimate step is to create a back up. The wallet generates recovery words which are in a specific order. Write down those words in the same order on the piece of paper provided with your Trezor Model T.
This is known as your recovery seed.
Remember to create a backup of your Trezor so you can recover your funds even if you lose your physical device.The recovery seed will be generated on your Trezor device.Write down your recovery seed on the paper provided with the Trezor and keep it safe. Do not take a photo of it, upload it onto your computer or online.
IMPORTANT: do not take a photo of your recovery seed, or upload it onto your computer or online.
This is because you use your recovery seed to restore your funds on another Trezor if you lose your phyiscal device. Conversely, this means that any thief can do the same if they obtain your recovery seed.
Create a New PIN Code
Lastly, set a 4 to 50-digit PIN code which you will use to unlock your Trezor every time before using it.
The PIN is set on your Trezor Model T device. This is so that even if someone obtains your Trezor, they cannot unlock and use it unless they have your PIN code.
This concludes the set-up process, meaning you’re good to go. It goes without saying that at all times, be extra vigilant to ensure you don’t expose your keys or recovery seed. This is to ensure your wallet is secure.
Using the Trezor Model T
The wallet offers a range of coin options for trading. They include; Dash, Bitcoin, Bitcoin Cash, Bitcoin Gold, etc.
The options are listed out on the interface once you connect your Trezor to your computer.
Blur ($BLUR) refers to itself as the “Fastest NFT Marketplace”. Recently they completed the first season of 3 airdrops- known as “Care Packages”. Meanwhile, Blur has announced they will distribute over 300 million $BLUR in Season 2, and all listing and loyalty points will be doubled until 1 May 2023. Blur’s Season 2 airdrop has already closed with over 300 million BLUR being distributed. Blur however, have confirmed they will be doing a Season 3 airdrop in May 2024. So in this article, we give strategic ways to increase listing points with the lowest investment possible.
Blur has announced its season 3 airdrop. This time, Blur Season 3 airdrop will be powered by Blast, a new layer 2 with native yield. The airdrop will end in May 2024 with 50% being distributed to the community based on their Blur Points and 50% based on their Holder Points Here’s how to maximize your Blur season 3 airdrop:
Keep bids listed for a longer duration to get more Bidding Points.
Listing blue chip and active collections for more Listing Points.
Make Loan Offers with higher Max Borrow and Lower APY for maximum Lending Points.
Bid, list and lend more to get onto the 24 hour leaderboard.
Maximise your Blur Loyalty Points by actively listing blue chips and active collections exclusively on Blur.
Deposit $BLUR and keep maintain the deposit for Holder Points.
Blur ($BLUR) is a decentralized NFT marketplace. They adopt an original strategy where users who support creator royalties will be rewarded with more tokens. The Blur team is anonymous, although they claim to have experience from Square, MIT, Brex, Five Rings, and Y Combinator. Blur aims to stand out as an NFT Marketplace with these unique features:
Sweep across multiple marketplaces;
fast access to NFT reveals. Blur lets users snipe NFTs before it even hits the major NFT market analytics sites and aggregators, and
improved user experience (UX) and interface.
So far, Blur has raised over 11 million in its Seed Round led by Paradigm.
$BLUR Tokenomics
$BLUR’s max supply is capped at 3 billion tokens (Source: TokenUnlocks). 51% of it goes to the community treasury, 29% to core contributors, 19% to investors, and 1% to advisors. Currently, only 360 million $BLUR are unlocked and in circulation, meaning 88% of tokens are locked.
There will be a linear unlock of 1.2 million $BLUR per day distributed to the community treasury. And the next cliff unlocks will be on 15th June 2023, unlocking 196 million $BLUR to all holders.
Does Blur have an airdrop?
There will be a Blur airdrop Season 2. Season 1 had 3 rounds of airdrops. Blur’s Airdrop 3, the largest and final airdrop of Season 1 distributed 1-2x more $BLUR to participants compared to Airdrop 2 and ended on 14th February 2023. Blur has confirmed that over 300m tokens will be distributed in Season 2.
Click on the “Airdrop” tab to see how many Care Packages you have earned.
Claim your Care Package by clicking “Reveal Care Packages”.
Then, to claim your $BLUR, click “Continue to BLUR”, “Open care packages for $BLUR”, “Next” and then “Open for $BLUR”.
You will then be asked to Tweet to claim $BLUR, do this and then click “Verify Tweet”.
Connect your wallet (e.g. MetaMask) to claim $BLUR and certify that you are not a US person. You may be required to manually add the $BLUR token contract to your MetaMask in order to see your $BLUR holdings.
Confirm the transaction on your wallet.
Blur Season 3 airdrop strategy guide
Blur has confirmed that Season 3 will be powered by Blast, their new layer 2 with native yield backed by investors such as Paradigm, Standard Crypto, and eGirl Capital. Season 3 will last for 6 months and will end in May 2024. In this airdrop, 50% of the airdrop will be distributed to the Blur community based on their Blur Points. Meanwhile the remaining 50% of the airdrop tokens will be distributed based on their Holder Points.
How to get Blur Points?
In Season 3, Bidding and Listing Points will be available on all collections at the same rate. So, there will no longer be any NFT collections that offer 2x boosts on points. You can earn Blur points by bidding, listing and lending on the Blur.io platform. Lending however, is only available on certain supported collections. In addition, Lending Points are also only emitted at half the rate of Bidding and Listing Points.
Blur however have kept their rolling 24 leaderboard. Those who get onto the leaderboard and further rewarded with different boosts of up to 2.5x for the top 100 point earners in a 24 hour time period.
How to maximize your Blur Bid Points
Bid Points are given to bids on collections based on its 24 hour volume.
Within a collection, the highest “risk” bids will earn the majority of points. For example, if the floor price of an NFT is 1.01, and there are 100 bids at 1 whilst your bid is at 0.99, you would not earn as many points. This is because there are 100 bids in front of you at a higher price. Whereas if you bid at 1.01, you are bidding more than others and taking the most “risk”. This in turn means you can earn more points to potentially get more $BLUR;
The longer your bid is active, the more points you will receive. You stop earning points when your bid is accepted. Meanwhile bids can be cancelled for free;
Users can reuse the ETH in their Bid Pool across different NFT collections. So, the strategy to get maximum points is to bid closest to the floor price across multiple active collections; and
The top 100 bidders within a 24-hour time period on Blur’s 24-hour leaderboard can receive up to 2.5x boosts.
Maximize your Blur Listing Points
Listing Points are awarded for listing NFTs on the platform. However, to prevent people gaming the system, Blur does not show how many Listing Points are award. Nevertheless, Blur have given some tips on how to maximize your Blur Listing Points:
List all your NFTs. This is because the more you list, the more you earn.
Listing blue chip and active collections are likely to help you earn more points.
If you don’t plan to sell your NFTs list them for a short time slightly above the floor price but at a price that is unlikely to sell. Delist them, then list again at a new floor price.
Use all of Blur’s listing tools e.g. listing by floor price, trait floor price, and ladder list.
Avoid “gaming” the system, e.g. by relisting NFTs at unrealistic prices, listing dead collections, and sybil attacking. The Blur team will do most of their on-chain analysis at the end of Season 3. Anyone who has been gaming the system will be retroactively filtered out and will not receive an airdrop.
Maximise your Blur Lending Points on Blend
Blend (short for Blur Lending) is a peer-to-peer perpetual lending protocol for NFTs. It allows NFT holders to borrow ETH against their NFTs without needing to sell them. Meanwhile, if you want to buy an NFT, you can buy now pay later. For example, you can buy a Punk with 8 ETH (instead of 50 ETH), and borrow the remaining 42 ETH. After making your purchase, you can take full ownership of your NFT anytime by repaying your borrowed amount. Or, you can list your NFT at any time and keep any profit when you sell.
You earn Lending Points by making Loan Offers using ETH in your Blur Pool. This means you can earn both Bidding and Lending points at the same time!
Here’s how you can maximise your Blur Lending Points:
2 factors determine how many points your Loan Offers receive: Max Borrow and APY. Max Borrow refers to the maximum amount of ETH someone can borrow using a single NFT. A higher Max Borrow gives you more points. APY represents the interest earned on a Loan Offer once it’s accepted. A lower APY is better. So, make Loan Offers with higher Max Borrow and Lower APY.
Make multiple Loan Offers on the same NFT collection with different Max Borrows and APYs. You can earn points for all of these Loan Offers.
You can reuse the ETH in your Blur Pool across collections, so go ahead and make multiple Loan Offers.
Loan Offers must be kept open for at least 24 hours. If you close your offer before then, you will lose 250 points as a penalty.
Maximise your Blur Loyalty Points
Blur has said that Loyalty is the secret weapon for getting the most rewards for Blur Points in Season 3. At the end of Season 3, these points will be converted into Care Packages with different rarities. Those with 100% loyalty will have the highest chances of getting the higher-reward Mythical Care Packages 100x Uncommon Care Packages.
Blur has suggested 3 ways to maximise your Loyalty Points:
List your NFTs only through Blur to maintain 100% loyalty.
Actively list blue chips and active collections while maintaining 100% loyalty.
Maintain 100% loyalty throughout Season 3 as Blur looks at average loyalty when determining your chances of getting Mythical Care Packages.
Gaming loyalty will result in a penalty e.g. transferring to and listing from other addresses or providing liquidity in AMMs for NFTs.
Holder Points counts for 50% of the Season 3 airdrop rewards. You can earn Holder Points every hour by depositing $BLUR. Your Holder Points multiplier starts at 1x and increases by 0.5x every month after your first deposit. Whilst Season 2 airdrop recipients start at a 2x multiplier. You can withdraw your deposit at any time, but your multiplier will decrease in proportion to the amount withdrawn until you are back at 1x multiplier.
Blur Season 2 airdrop strategy guide
Blur completed its Season 2 airdrop with over 300 million BLUR being distributed. In Season 2, Blur confirmed that the secret to maximising rewards in Season 2 was Loyalty.
Blur has 3 types of points that count towards how many airdropped Care Packages you will receive and their rarity. These are Bid Points, Listing Points and Loyalty. Meanwhile, there are 3 rarities of Care Packages: Uncommon, Rare, Legendary, and Mythical. The rarer the Care Package, the more $BLUR tokens they contain. For example, Mythical Care Packages are worth 100x Uncommon Care Packages.
Bid on NFT collections that offer 2x Points
In Season 2, only certain NFT collections had double bidding and listing/lending points: Wrapped Cryptopunks, Azuki, Milady, DeGods, Beanz, BoredApeKennelClub, BoredApeYachtClub, CloneX, Doodles, Meebits, Moonbirds, MutantApeYachtClub, Otherdeed, PudgyPenguins. Meanwhile, Doodles, Meebits and Moonbirds offer 2x bidding and listing points. This list may change from time to time, so click on the “Points” tab here to see the latest list.
Blur Airdrop strategy: How to turn 1-2 ETH into $85,000?
Luke Cannon on Twitter shared how he turned 1-2 ETH into $85,000 by simply participating in Blur’s airdrops. Here are some of his tips:
$0 airdrop anchoring;
high volume/ low competition;
liquidity recycling patience; and
loyalty
$0 airdrop anchoring. This is where you focus only on bidding on NFTs that you could profitably flip. For example, bidding on new mints or older projects that still maintain support.
High volume/low competition. Find the relatively high volume, low competition, and long-term collections to bid on. Also, you can use the same ETH to bid on as many collections as possible.
Liquidity recycling patience. Have conviction in the NFT collection that you own and do not sell your NFTs at a loss. And again, do not make bids unless they are profitable.
Having 24/7 perfect loyalty will ensure maximum $BLUR airdrops.
More Blur Airdrop Strategies: Trade like an NFT market maker?
Many people use the strategy of placing as many bids on Blur as possible without having them accepted. However, Sugar Shane has another strategy, which according to him, is a more conservative strategy that could get you more points in the long term whilst minimizing losses. His strategy to maximising your Blur airdrop is to think of yourself as an NFT market maker.
According to him, the goal of bidding on Blur should not be to avoid getting a bid or bidding and removing them quickly. This is because NFT markets move faster than you can remove a bid. Instead, the strategy when bidding on Blur is to get a good price on an NFT. Because in fact, you do want to have some successful bids. This is because there are some desperate sellers selling their valuable NFTs at low prices for liquidity. And if your bid is successful, holders should consider not rushing to sell their NFT. The reason for this is that if you allow time for the market to fill up, you may be able to sell that NFT for a profit.
He reminds Blur bidders that market makers do not always aim for the top bid. Instead, they try to fill the order book at every level, and on both sides of the order book.
Blur Airdrop Review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Blur’s Season 3 airdrop is now LIVE.
Airdropped Token Allocation: Blur’s Airdrop 2 gave a total of 10x more tokens than Airdrop 1. Airdrop 3 will be distributing 1-2x more tokens compared to Airdrop 2.
Airdrop Difficulty: Blur’s airdrop is not difficult in terms of participation. Users simply connect their wallet to Blur and begin bidding on NFT collections. The point system rewards bids on NFT collections based on their 24-hour volume and gives airdrops accordingly. There are additional rewards for Loyalty to the Blur platform and depositing $BLUR.
Token Utility: BLUR token is used for governance.
Token Lockup: Season 3 airdrop will be distributed in May 2024.
Frequently Asked Questions (FAQs)
What is Blur crypto?
Blur is at cryptocurrency project that provides users with a decentralized marketplace for trading NFTs.
When was the $BLUR token launched?
They launched the $BLUR token on 14th February 2023.
When is $BLUR airdrop season 3 live?
Season 3 is live NOW and will end in May 2024.
When can you open your airdropped $BLUR Care Packages?
You can open the $BLUR token Care Packages received from Airdrops 1 and 2 from the $BLUR token launch on 14th February 2023 onwards.
When is the $BLUR token launch?
$BLUR token was launched on 14th February 2023 and is listed on ByBit, Coinbase, Uniswap, Kucoin, Gate.io and many other exchanges.
How long do I have to claim my $BLUR airdrop?
For Season 1, you can claim your airdrop within 60 days from 14th February 2023 (i.e. 16th April 2023). Season 2 airdrops are still available to claim.
How much $BLUR was distributed in Season 2?
Blur distributed over 300 million $BLUR in its Season 2 airdrop.
How do I claim my $BLUR tokens?
Here’s how to claim your $BLUR tokens: Connect your wallet on their website. On the “Airdrop” tab, click “Reveal Care Packages”, “Continue to BLUR” and “Open care packages for $BLUR”. Follow the instructions. Note that they will ask you to Tweet to claim $BLUR. You will also need to verify the tweet before you will have the option to connect your wallet to claim your $BLUR. You might need to add the $BLUR token contract manually to see your $BLUR holdings.
What is Blur’s Loyalty Point system?
Blur has a Loyalty system, which affects your luck when revealing your Care Packages. Users with 100% loyalty throughout the airdrop campaign have the highest chance of receiving Mythical Care Packages. Mythical Care Packages are worth 100x Uncommon Care Packages. Here are your odds of getting a Mythcial Care Package airdrop based on your loyalty: <50% loyalty = low luck; 50-90% loyalty = medium luck; 90-97% loyalty = high luck; and 97%+ loyalty = very high luck
How do I check my Blur Listing Points/Bid Points/Loyalty Points/Lending Points?
Users can check their Blur Listing Points/Bid Points/Loyalty Points on the Airdrop tab.
How much is the $BLUR token worth?
As of the time of writing, $BLUR tokens are worth US$0.536393. $BLUR currently has a market cap of over $185 million and ranked no. 101 on Coingecko. $BLUR token prices hit an all-time high of US$5.02 on 14th February 2023, and an all-time low of US$0.153143.
The Blur team have already emphasized that having perfect Loyalty scores throughout the campaign would maximise your Season 2 Blur airdrop. This means you must only list your NFTs on Blur and not on any other NFT marketplaces.
Is there a way to “game” the system to get more Blur points?
Unfortunately, there is no way to “game” the system to get more Blur points, and the Blur team are actively taking steps to stop tactics such as. Transferring NFTs for loyalty i.e. transferring NFTs to list on other marketplaces. Also, washing trading for points by using bots to wash trade in order to increase visibility of a collection and therefore increasing the points allocated towards it. Finally, spoofing bids by using bots to create fake bids that cannot be accepted and front run bid accepts to get points without any risk.
What are some tips and strategies for Season 3 Blur airdrop?
Here are some tips and strategies to maximise your Season 3 Blur airdrop. Keep bids listed for a longer duration to get more Bidding Points. Listing blue chip and active collections for more Listing Points. Make Loan Offers with higher Max Borrow and Lower APY for maximum Lending Points. Bid, list and lend more to get onto the 24 hour leaderboard. Maximise your Blur Loyalty Points by actively listing blue chips and active collections exclusively on Blur. Deposit $BLUR and keep maintain the deposit for Holder Points.
Linea (ConsenSys zkEVM) is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM) that provides developers with a secure and cost-effective way to build and deploy smart contracts on the Ethereum blockchain. The project has raised much more in funding than zkSync, so any potential airdrop could rival zkSync! Here’s our guide on how to get a potential Linea (ConsenSys zkEVM) token airdrop.
Check out our zkSync ($ZKS) token airdrop guide here.
Linea (ConsenSys zkEVM) Airdrop Step-by-Step Guide
Here’s how to get a potential Linea token airdrop:
Add Linea to MetaMask
Get testnet ETH and bridge to Linea
Interact with protocols on Linea
Send feedback to the Linea team
Complete Linea’s “I’m a First Class Linea Citizen” campaign
Join the Linea Voyage
Mint NFT commemorating the end of the Linea Voyage Quest.
Linea (formerly ConsenSys zkEVM) is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM) created by Consensys– the team behind MetaMask. It replicates the Ethereum environment as a rollup, allowing developers to use the same tools and experience as they would on the Ethereum mainnet. With Linea, users can benefit from the security and trust of Ethereum, but with lower transaction costs. Impressively, Linea has raised around US$726 million in multiple funding rounds, and has a valuation of around US$7 billion. This beats out zkSync, which has so far raised US$458 million. Hence many see Linea as having huge potential.
On 28th March 2023, Linea rolled out its public testnet on MetaMask to all Chrome users. Giving all users and developers a chance to check out their testnet. they will also launch a NFT testnet voyage soon. Users flocked to try the Linea testnet in the hopes of positioning themselves for a potential Linea airdrop. This is because they see Linea has huge potential for airdrop gains that may even rival zkSync.
On 11th July 2023, Linea announced the launch of their Mainnet Alpha. During this stage, Linea will begin onboarding its partners and users, monitoring the system and supporting those who are building on it. It also marks the kickstart of their bug bounty program and testing before finally opening to end users.
Is there a Linea token?
There is no mention of a Linea token in their Documentation yet, and according to a Consensys blog post on 13th December 2022, they have mentioned it is too early to discuss launching a Linea token. But, they have stated they are looking at ways to reward users who help test and improve Linea. Together with the attention and funding they have generated, there is a good possibility they will launch a token and do an airdrop in the future.
How to get a potential Linea airdrop?
Linea has mentioned they will be looking at ways to reward users that test their protocol, so interacting with Linea could be the key to getting a potential airdrop. Here’s how to get a potential Linea airdrop:
Add Linea to MetaMask
Get testnet ETH and bridge to Linea
Interact with protocols on Linea
Send feedback to the Linea team
Participate in Linea’s “I’m a First Class Linea Citizen” campaign
To add the Linea network to your MetaMask, first, open MetaMask. Click the top bar and “Add network” and “Add a network manually”. Fill in the Linea network information found in their Documentation and click “save”.
Linea has a huge ecosystem of protocols you can interact with. Who knows, you may even be eligible for airdrops on those protocols too which will entitle you to double rewards! Here are some notable protocols you could choose to interact with for a potential Linea airdrop:
Uniswap
Ghostchain NFT
FWDX
Mint a 0xCygaar NFT
Velocore
Uniswap
Go to https://swap.goerli.linea.build/ and connect your wallet. Then, swap ETH for crWETH (i.e. Consensys Rollup Wrapped ETH). Also, swap ETH for crUSDC (i.e. Consensys Rollup Wrapped USDC). Afterward, add liquidity by going to https://swap.goerli.linea.build/#/pool, clicking “New Position” and adding ETH and crUSDC as your liquidity pair.
Ghostchain NFT
Go to https://app.nft.ghostchain.io/#/zkevm and connect your wallet. Select an NFT collection and click “Disperse collection”. Select the amount (in crETH) and click “Disperse”.
FWDX
Mint tokens and create markets by going to https://testnet.fwdx.xyz/faucet and connecting your wallet. Mint tokens by going to “Faucet”, choose the cryptocurrency and amount you wish to mint, and click “Mint”. Confirm the transaction on Metamask.
To create a market, go to https://testnet.fwdx.xyz/create. Input the send and receive currencies and choose a validity date in the future. Then click “Approve”.
Mint a 0xCygaar NFT
To mint a @0xCygaar NFT, go here and connect your Metamask wallet. Under item 3. mint, type in a number less than 1 and click “write”. Confirm the transaction on Metamask.
Velocore
Velocore ($VC) is a groundbreaking solution that synthesizes top-tier DEX methodologies into a novel, high-performance flywheel. It has already launched on zkSync Era Mainnet and Velocore V2 will soon launch on Linea. Velocore have done an airdrop in the past so it is likely they may also do an airdrop for their $VC token too! So far no airdrops have been confirmed yet but completing their Questboard tasks may be helpful in both the potential Linea and Velocore airdrops!
The Linea team needs your feedback to improve their product, and they are very likely to reward those who help! To send feedback to Linea, complete their Google Form.
Complete Linea’s “I’m a First Class Linea Citizen” campaign
Linea’s “I’m a first class Linea Citizen” campaign aims to combat bots and prioritize genuine user engagement in the Linea Voyage Quest. The campaign partners with Gitcoin Passport, Galxe Passport and Guild.xyz to create a fair community experience and address issues with bots consuming resources. The campaign will continue until the end of the 9 week Linea Voyage Quest i.e. 2023/06/30 12:00 GMT+08:00.
Here’s how to participate in Linea’s “I’m a First Class Linea Citizen” campaign:
Connect your wallet to Linea’s Galxe page. Note you only need to complete any one of steps 2 to 4 below.
Obtain a Gitcoin Passport for the Linea Voyage Quest on Galxe. Connect your wallet to https://passport.gitcoin.co/ and click “Confirm stamps”. Then, connect your accounts.
Get a Galxe Passport here. You will need to verify your identity with your official documents and pay a verification fee of 0.015 BNB.
Sign up as a community member on Linea’s Guild page. You will need to connect your wallet, complete a CAPTCHA, and connect your Twitter and Discord accounts. Then, mint your guild pin, this will cost 0.007 BNB plus gas fees.
Click “Verify” on the Galxe page.
Join the Linea Voyage
The Linea Voyage is a 9 week campaign which promises to offer an engaging way for users to learn about the boundless possibilities of a Layer 2 network through a series of weekly tasks and opportunities. It may also be a way to maximise any potential Linea airdrop.
Linea Voyage week 1
Week 1 of the Linea Voyage ran from 21:00 on 2nd May 2023 to 11:59 on 9th May 2023 (HKT). Here’s how to participate in the Linea Voyage Week 1:
Bridge any amount of BUSD on Celer from BSC Testnet (add network here) to Linea here.
Bridge any amount of BNB on Celer from BSC Testnet to Linea here.
Bridge any amount of MATIC (claim testnet tokens here) on Connext from Polygon Testnet (add network here) to Linea.
Bridge any amount of DAI (claim testnet tokens here) on Hop from Goerli (add network here) to Linea. You will first need to get GETH (here) and USDC (here) for transaction fees.
Bridge any amount of HOP (claim testnet tokens here) on Hop from Goerli to Linea. You will first need to get GETH (here) and USDC (here) for transaction fees.
Bridge any amount of USDC on Hop from Goerli to Linea.
Bridge any amount of GETH on Hop from Goerli to Linea.
Bridge any amount of EUROEe (claim testnet tokens here) on Multichain from Avalanche Fuji (add network here) to Linea.
Bridge any amount of TUSD on Multichain from Avalanche Fuji to Linea. You will first need to claim AVAX (here) before locking it (here) in exchange for TUSD.
Complete the tasks to earn points. Tasks include voting in their polls, participating in their Twitter Spaces, watching their content and retweeting their Tweets.
Linea Voyage Week 3
The theme of Linea Voyage week 3 are NFTs and will run from May 16th 2023, 9am Eastern Time (ET) to May 21st, 2023, 11:59pm ET. For this campaign, Linea will be working with partners ghostNFT, NFTs2me, Bilinear and Zonic. Here’s how to participate in Linea Voyage week 3.
Create and deploy a new NFT Project on Linea Testnet.
Change phase from “Closed” to “Public (Open)”.
Mint at least one NFT from the project Minting Page.
Send a Soulbound Airdrop to ENS address nfts2me.eth.
Create a token gated content.
GhostNFT
Claim free Linea testnet gNFT.
Register ERC721 NFT Collection by dispersing at least 0.05 ETH.
Add collateral to your NFT Collections via ghostNFT.
Redeem collateral from NFTs via ghostNFT.
Add collateral to the Ghost NFT collection.
Redeem collateral from the Ghose NFT collection.
Bilinear
Mint collection.
Mint NFT.
Buy NFT.
Sell NFT.
Mint game NFT.
Zonic
Mint the Linea Ape Zonic NFT collection on Apetimism.
List any NFT.
Buy any NFT.
Transfer any NFT using Zonic’s transfer function.
Linea Voyage Week 4
Linea Voyage Week 4 ran from May 24th, 2023, 10 pm EST to May 28th, 2023, 11:59 pm EST. Week 4 is similar to week 2 in that it focuses on social tasks. These are the tasks for Linea Voyage Week 4:
Retweet their tweets.
Vote for Linea on Swag.
Watch their YouTube spaces.
Linea Voyage Week 5
Linea Voyage Week 5 will run from May 30th, 2023 at 9:30am EST to June 4th, 2023 at 11:59pm EST. However, you will have up to June 7th, 2023 11:59pm EST to claim your points. Here’s how to participate in Linea Voyage Week 5:
Send LineaETH from an account to a Hapi wallet address.
Deploy a token drop on Linea.
Deploy a token drop on Linea.
Use Hapi Labs terminal to visualize transaction data and create transaction flow diagrams with Hapi.
Test your knowledge on the security of token contracts using GoPlus.
Linea Voyage Week 6
Linea Voyage Week 6 will run from 6th June at 9 am EST until 11th June at 11:59 pm EST. This week focuses on knowledge of the Linea protocol. Here’s how to participate in Linea Voyage Week 6:
Watch the Linea Community Call- May 2023 on YouTube.
Linea and iZUMi Finance are collaborating for Week 8 of the Linea Voyage! Week 8 will run from June 26th, 2023 9am EST and run until July 6th, 2023 11.59pm EST. This week will be the last week of on-chain activities, and will focus on decentralized finance (DeFi). The good news is this may also make you eligible for a potential iZUMi Finance token airdrop! Here’s how to participate in Linea Voyage week 8:
Add and select Linea Goerli test network. Click here for more details on how to do this.
Set a limit order by clicking the “Limit Order” tab and selecting the token you’d like to trade.
Place a limit order to exchange Linea ETH to iZi tokens and set your preferred price. Select “Fee Tiers” and click “ADD”. Confirm the transaction on MetaMask. Then, collect rewards on the “My Order” page by clicking “Claim”.
Add liquidity by going to the Liquidity tab and clicking “Add Liquidity” and selecting “Custom”. Select a token pair you want to create a pool with and the swap fee rate that you are willing to charge. Also, input the sum you want to provide and set the price range. If this is your first time providing liquidity, you will need to approve your tokens. Finally, click “Create” and confirm the transaction. To collect your swap fees, click “Collect” on the main liquidity page. You can also click “Add” to add more liquidity to your existing pool, and click “Remove” to remove your liquidity.
Linea Voyage Week 9 (i.e. the final week) will run from July 6th, 2023 9am EST to July 8th, 2023 11.59pm EST. Tasks include helping promote one of their tweets and voting on polls. You can complete the tasks by clicking the links on their Galxe page.
Mint NFT commemorating the end of the Linea Voyage Quest
Linea has created an NFT to mark the end of the Linea Voyage Quest. Connect your wallet and mint your NFT here. Minting the NFT is free!
Join the Linea DeFi Voyage
The Linea DeFi Voyage is a new 6-week campaign launched by Linea in partnership with Interact. There is speculation that completing this voyage may position you for a potential airdrop because their announcement states that participants will be recognised as contributors to the Linea ecosystem. Also, participants will be rewarded with XP that can only be claimed once they successfully execute the Proof of Humanity (PoH) attestation. So, this seems to suggest that the soul bound XPs to be claimed may be a criterion for a potential $LINEA airdrop. Here’s how to participate in the Linea DeFi Voyage:
Go to the “Linea” tab at the top of the screen and complete each week’s Wave quests.
Week 0: These are social tasks
Week 1: This requires you to bridge at least $20 worth of ETH from Ethereum/zkSync/Optimism/Base/Arbitrum to Linea using MetaMask’s bridge function. As a bonus task you will also be required to swap at least $5 of ETH into any supported token using Metamask Portfolio on the Linea network.
Week 2: Bridge at least $25 worth of ETH from ETH token another network to Linea using any listed bridge partner dApp. We suggest using Stargate bridge as it also positions you for any potential Stargate airdrop. You can also complete the bonus tasks which includes doing more bridges with more ETH, and writing reviews.
Week 3: Swap at least $25 worth of ETH to any supported token on any supported DEX on Linea. You can find a list of the supported tokens and DEXs here.
Week 4: Borrow at least $25 worth of ETH/WETH in 1 transaction on any of the specified Linea ecosysyem money markets. You can also complete some of the bonus tasks if you supply specific coins as collateral i.e. stablecoins (for bonus task 1) or LST (wstETH) (for bonus task 2).
Week 5: To complete this task, you must provide a minimum of $25 worth of liquidity by using any 2 supported tokens with equivalent value. You must also provide liquidity on their specified DEXes.
Week 6: This is the last week and involves proof of humanity. You will need to verify your humanity by obtaining one attestation from a partner of Group A, and 2 attestations from the partners of Group B.
Linea (ConsenSys zkEVM) airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Linea has confirmed they are looking at ways to reward users who help test and improve their protocol. With the attention and funding (more than zkSync!) they have generated, there is a good chance of an airdrop.
Airdropped Token Allocation: There is no information on the Linea token allocation yet.
Airdrop Difficulty: Users will need to interact with various projects in the Linea ecosystem. However, Linea is only in the public testnet stage so no real user funds will be used.
Token Utility: There is no information on the Linea token utility yet.
Token Lockup: There is no information on the Linea token lockup yet.
Socket is an interoperability protocol that enables secure and efficient transfer of data and assets across different blockchain networks. It is not a bridge or a cross-chain application, but rather an infrastructure that allows developers to build these applications easily. With Socket, developers can create apps with interoperability as a core part of their infrastructure. Socket has already secured US$5 million in funding and is considered a direct competitor to LayerZero– who is getting lots of attention with their potential LayerZero airdrop. So, there’s a good chance Socket may also do an airdrop in order to get more users. Here’s how to get a potential Socket token airdrop (and the potential Bungee and zkSync token airdrops at the same time!). And with our bonus tip, you may also be eligible for potential Stargate and LayerZero airdrops too!
Socket is a protocol that enables secure and efficient transfer of data and assets across different blockchain networks. It is not a bridge or a cross-chain application, but rather an infrastructure that allows developers to build these applications easily. With Socket, developers can create apps with interoperability as a core part of their infrastructure.
Socket comprises two key components: Socket Liquidity Layer (SocketLL) and Socket Data Layer (SocketDL). SocketLL enables efficient asset transfer across chains, while SocketDL enables secure data transfer across chains. Developers can use Socket to optimize for their use case and objectives, as every approach to interoperability optimizes for different objectives and trade-offs (trust, latency, generalizability, etc.)
Will there by a Socket airdrop?
Socket has not announced a token, yet. However, if they want to stand out like their competitor, LayerZero, it is likely that they will also need to do an airdrop. From looking at LayerZero’s number of users and attention it gets on social media, it is clear that doing airdrops is almost guaranteed to bring attention and users to your project.
The project also works with other notable protocols such as Zerion and Bungee, both of which are rumoured to be doing their own airdrops. So there are nevertheless advantages to preparing yourself for any potential Socket airdrop, since this may also make you eligible for the Zerion and Bungee airdrops too.
Did you know that you can also position yourself for a LayerZero airdrop using Socket (even though they are competitors)? Check out below to learn how!
Socket token airdrop guide
Time needed: 1 hour and 30 minutes
Connect your wallet to Bungee
Connect your wallet to Bungee. Using Bungee may make you eligible for any potential Socket airdrop as Bungee is built by Socket.
Swap across chains
Swap ETH from Ethereum chain to any other chain. BONUS: Swap to Optimism to get $OP rewards. EXTRA BONUS: Swap to/from zkSync Era to position yourself for a potential zkSync airdrop!
Use Stargate route.
Click “View all routes” and select the Stargate route. We recommend using Stargate as it is part of the LayerZero ecosystem (and may also do a potential airdrop of their own!). So using the Stargate route may also position you for the Stargate and LayerZero airdrops too!
Click “Review route”, check that the details are correct, and click “Bridge”.
Perform cross chain swaps on Matcha
Matcha has recently partnered with Socket to revolutionize trading with cross chain swaps. By being able to perform cross chain swaps, users will no longer have to navigate through multiple platforms, making trading more efficient!
Airdrop Review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Socket has not announced any airdrop yet. But there may a be a good chance of an airdrop when LayerZero, its direct competitor, is getting a lot of attention as a result of confirming that they will be doing a token airdrop.
Airdropped Token Allocation: The airdropped token allocation is unknown.
Airdrop Difficulty: There is no announcement on any Socket airdrop or their eligibility yet. However, to position yourself for this potential airdrop, all that is required is to do some token swaps on Bungee. This is not difficult to do. It will also make you eligible for other airdrops too, such as Bungee and even LayerZero!
Token Utility: There has been no official announcement regarding the release of any Socket token yet.
Token Lockup: There has been no official announcement regarding the release of any Socket token yet.
