Tag: Airdrop

Shell Protocol ($SHELL) Token Airdrop Guide: LIVE NOW!
If you missed the Arbitrum ($ARB) airdrop, there are plenty of protocols building on Arbitrum that will conduct their own token airdrop. Shell Protocol is one of them, and they have confirmed an airdrop which will happen in Q3 2023. In this article, we will explain what Shell Protocol is and what you can do to position yourself for the airdrop.

Shell Protocol ($SHELL) Airdrop Step-by-step Guide

Here’s how to receive a potential Shell Protocol ($SHELL) airdrop:
1. Connect Your Arbitrum Wallet to Shell Protocol
2. Bridge ETH to Arbitrum One
3. Purchase Expander NFTs
4. Farm Shell Points
5. Hold Toucan NFTs (Optional)
See below for more details!

What is Shell Protocol?

Shell Protocol is a decentralized exchange (DEX) on Arbitrum that has two key features: Proteus and the Ocean. Proteus is an automated market maker (AMM) engine that allows builders to create custom AMMs without the need for Solidity coding. On the other hand, the Ocean is a shared multi-token ledger for composing DeFi building blocks. Through this model, users and developers can facilitate low slippage stablecoin swaps.

Shell Protocol aims to establish an online monetary system using stablecoins as its building blocks. The term “shells” refers to liquidity provider shares, symbolizing containers for the pool’s value, akin to living shells housing organisms. As of now, Shell Protocol has over $10 million in total value locked (TVL).

Does Shell Protocol have a Token?

Yes, Shell Protocol will launch its $SHELL governance token in the future. Currently, the Shell team is tracking user contributions to the protocol via “Shell Points.” Any Shell Points earned in the previous season will be converted into “Crabs”, which is a fungible, on-chain, non-transferable placeholder for the future $SHELL token allocation at a 1:1 ratio.

Shell Protocol has announced it will do an airdrop and the $SHELL tokenomics. At the Token Generation Event (TGE), 200 million $SHELL tokens will be created. 80m will go to investors, the core team, and the development company; 40m will be allocated for an initial airdrop; 50m for post-TGE incentives; and 30m for their DAO treasury. The TGE is expected to be in Q3 2023.

How to Receive $SHELL Airdrops?
To qualify for the $SHELL airdrop, you will need to earn Shell Points by interacting with the protocol. These points also compound over time, so the earlier you get in, the more points you earn. Here’s a step-by-step guide:
1. Connect Your Arbitrum Wallet to Shell Protocol
  Go to app.shellprotocol.io and connect your MetaMask wallet. Switch the network to Arbitrum One.
2. Bridge ETH to Arbitrum One
  If you don’t have funds in your Arbitrum One, you can bridge them over from the Ethereum Mainnet at bridge.arbitrum.io or Orbiter Finance.
3. Purchase Expander NFTs
  In order to earn Shell Points, you will need to unlock quotas. You can unlock quotas by activating Expander NFTs in the Booty page. You can purchase them (aka Expanders) on OpenSea. The cheapest ones are around $10. The more expensive ones have higher quota limits.
  
  There are also other types of NFTs that can boost your points for several days.
  
  WARNING: Do not buy the NFTs that have no quota ratios on them!
4. Farm Shell Points
  Once you’re in, go to app.shellprotocol.io/points. Scroll down and you can see all available liquidity pools on the protocol. You can earn points by providing liquidity or wrapping tokens at app.shellprotocol.io/trade. The quota is a cap on how many points you can earn.
5. Hold Toucan NFTs (Optional)
  Government Toucans are a collection of Arbitrum NFTs launched by Shell Protocol. Holding one can give you additional quota to earn Shell Points. If you don’t have one, you can buy one at opensea.io/collection/government-toucans.
  
  Toucan holders can also vote on Shell Protocol’s proposals at snapshot.org/#/shellprotocol.eth.
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: Shell Protocol has confirmed airdropping $SHELL tokens to protocol users in Q3 2023.

Airdropped Token Allocation: 40m $SHELL (out of 200m) will be allocated toward an initial airdrop. So expect even more airdrops to come!

Airdrop Difficulty: The tasks are fairly easy to complete, but you will need some real ETH or stablecoins to interact with the protocol.

Token Utility: $SHELL is a governance DAO token.

Token Lockup: TBD
May 15, 2023
ether.fi ($ETHFI) Token Airdrop Guide: Last chance for more points!
ether.fi is a liquid staking protocol that is currently conducting its Early Adopter Programme. Users who staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken in mid-April, so don’t miss it!

ether.fi ($ETHFI) Airdrop Step-by-Step Guide

Here’s how to receive the $ETHFI token airdrop:
1. Connect your wallet to the ether.fi mainnet.
2. Stake ETH or ETH-pegged assets.
See below for more in-depth details!

What is ether.fi?

ether.fi is a decentralized staking protocol that allows users to earn rewards by delegating staking to node operators. It is unique in that it is the only liquid staking protocol where stakers keep control of their keys while delegating staking to node operators and earning rewards. Users can deposit their ETH, wstETH, rETH, cbETH, sfrxETH into their Early Adopter Programme and earn rewards.

The project’s smart contracts have been audited by reputable blockchain security firms CertiK and Zellic. They have also implemented a bug bounty program to incentivize security researchers to find vulnerabilities in their smart contracts.

Project Funding

Ether.fi has completed a $5.3 million funding round co-led by investors North Island Ventures (NIV) and Chapter One. The funding will be used to hire more engineers for the team and pursue further partnerships in addition to its current relationships with node operators such as Kiln and Finoa.

Does ether.fi Have a Token?

Yes, ether.fi is planning to launch its liquid staking derivative token $ETHFI. It will also function as a governance tool for the community.

How to Get the $ETHFI Airdrop?
As part of the ether.fi Early Adopter Programme, users who have staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken mid-April. Here’s a step-by-step guide:
1. Connect Your Wallet to ether.fi
  Connect your MetaMask or other supported wallets to the ether.fi mainnet. Make sure the page is on “Early Adopter”. You can see this on the top middle of the screen.
2. Stake ETH or ETH-pegged Assets
  You can stake ETH, rETH, cbETH, wstETH or sfrxETH on their Early Adopter Pool to earn loyalty points. The deposit amount may not be lower than 0.1. Once ether.fi is fully launched, you will be able to migrate your deposit to EtherFi staking.
  
  Loyalty points will help boost your staking rewards when ether.fi mainnet launches on 2nd May 2023.
  
  When ether.fi mainnet launches on 2nd May 2023, your staking rewards will be increased if you decide to stake with them and have loyalty points. There may also be a potential for extra airdrop!
  
  Keep in mind your points will reset after each deposit. You can withdraw at any time with no penalty, but you will lose your bonus points in doing so.
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: ether.fi is currently conducting its Early Adopter Programme. Users who have staked ETH on the platform can earn bonus points, which could potentially convert to an airdrop upon the token’s launch.

Airdropped Token Allocation: Their tokenomics is not yet available.

Airdrop Difficulty: All you have to do is stake ETH or ETH-pegged assets on the platform. Make sure you have enough ETH to cover gas fees.

Token Utility: $ETHFI is a liquid staking derivative token which also functions as a governance tool for the protocol.

Token Lockup: Their tokenomics is not yet available.
April 26, 2023
MantleSwap ($MANT) Token Airdrop Guide: LIVE NOW!
MantleSwap is a decentralized exchange built on the Mantle Network, an Ethereum Layer-2 protocol developed by BitDAO, one of the largest DAOs and a partner of Bybit. The MantleSwap Incentivized Testnet recently launched, and early users could potentially earn token airdrops in the future!

MantleSwap ($MANT) Token Airdrop Step-by-Step Guide

Here’s how to get the MantleSwap ($MANT) token airdrop:
1. Claim Goerli ETH from Faucets
2. Add Mantle Testnet to MetaMask
3. Mint $BIT Test Tokens
4. Bridge $BIT to Mantle Testnet
5. Claim Test Stablecoins at MantleSwap Testnet
6. Swap Tokens
7. Provide Liquidity
8. Complete Zealy Tasks
See below for more in-depth details!

What is MantleSwap?

MantleSwap is the premier decentralized exchange (DEX) built on the Mantle Network. It offers a suite of DeFi products for Mantle users, including an automated market maker (AMM) exchange, staking services, launchpads, lending, and GameFi.

At its core, Mantle Network is a technology stack for scaling Ethereum and EVM-compatible blockchains. Mantle has been built with a modular architecture that uses an optimistic rollup with data availability solutions. This allows Mantle to inherit security from Ethereum and offer cheaper and more accessible data availability.

Does MantleSwap Have a Token?

Yes, MantleSwap plans to launch its native token $MANT. Details of its tokenomics, emissions rate, and contract address will be announced soon.

Additionally, the MantleSwap team has hinted on Discord at a potential $MANT airdrop. They encourage community members to interact with the incentivized testnet and stress-test the network.

How to Get the MantleSwap ($MANT) Token Airdrop?
The best way to get the $MANT token airdrop is to interact with the MantleSwap Incentivized Testnet. These steps are also part of the Mantle Network ($BIT) token airdrop steps, which means you can potentially earn double the rewards! Here’s a step-by-step guide:
1. Claim Goerli ETH from Faucets
  You will need Goerli ETH to mint $BIT test tokens and bridge them to Mantle Testnet. You can use the Alchemy Faucet or Goerli PoW Faucet.
2. Add Mantle Testnet to MetaMask
  Add Mantle Testnet to your MetaMask wallet via ChainList.
3. Mint $BIT Test Tokens
  Mint $BIT test tokens at the Mantle Testnet Faucet. The network is on Goerli Testnet.
4. Bridge $BIT to Mantle Testnet
  Go to the Mantle Testnet Bridge, and transfer your $BIT from Goerli to Mantle Testnet. This process might take a while.
5. Claim Test Stablecoins at MantleSwap Testnet
  You can use your $BIT to claim more test tokens at MantleSwap’s faucet.
6. Swap Tokens
  Use the Swap feature, and swap some $BIT to $MANT. You can also swap between other available tokens.
7. Provide Liquidity
  On the Swap page, click the Liquidity tab and deposit a token pair to provide liquidity. You can see your liquidity positions at the Pool page.
  
  You can also deposit liquidity into a stablecoin pool.
8. Complete Zealy Tasks
  Join and complete Zealy tasks to unlock roles at MantleSwap’s Discord. These roles can help you earn more rewards in the future!
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: Although MantleSwap has not yet officially announced a token airdrop, it is typical for incentivized testnets to reward early users upon the launch of the native token. Additionally, the MantleSwap team has hinted on Discord at a potential $MANT airdrop.

Airdropped Token Allocation: The airdropped token allocation is yet to be announced.

Airdrop Difficulty: Simply claim $BIT test tokens and bridge them to Mantle Testnet. Swap tokens and provide liquidity at MantleSwap as frequently as you can.

Token Utility: The MantleSwap team will soon publish details about the utilities of $MANT.

Token Lockup: There is no tokenomics yet.
April 24, 2023
EchoDex ($ECP) Token Airdrop Guide: LIVE NOW!
EchoDEX is built on the Linea Network, a zero-knowledge Ethereum Virtual Machine incubated by ConsenSys. The testnet has recently launched, and the team has confirmed that users can earn $ECP airdrops by using the protocol!

EchoDEX ($ECP) Token Airdrop Step-by-Step Guide

Here’s how to get the EchoDEX ($ECP) token airdrop:
1. Connect to Linea Goerli Test Network
2. Claim Faucet Tokens on EchoDEX Testnet
3. Swap Tokens
4. Provide Liquidity
5. Mint NFT
6. Send Tweet and Wallet Address to Discord Testnet Proof Channel
See below for more in-depth details!

What is EchoDEX?

EchoDEX is a decentralized exchange platform built on the Linea Network (formerly ConsenSys zkEVM). It is designed for fast and secure trading of cryptocurrencies with low fees. The platform features aggregator liquidity, which combines multiple liquidity pools from various platforms or exchanges to offer a more competitive rate to traders.

In addition to trading, EchoDEX offers users the opportunity to earn $ECP tokens through various means, including swapping their cryptocurrencies, participating in their farming program, or staking their tokens. EchoDEX provides a reliable and convenient trading experience for all crypto enthusiasts with its user-friendly interface and top-notch security protocols.

Does EchoDEX Have a Token?

Yes, EchoDEX’s native token is $ECP. Although there are no released tokenomics, EchoDEX already uses it as an incentive reward as part of its “Swap to Get $ECP” program. Users who trade crypto can earn $CEP that will be airdropped directly into their wallet. The more trades you make, the more you earn!

How to Get the EchoDEX ($ECP) Token Airdrop?
The best way to get the $ECP token airdrop is to interact with the EchoDEX testnet. Here’s a step-by-step guide:
1. Connect to Linea Goerli Test Network
  Go to the EchoDEX testnet and connect your MetaMask wallet. Switch the network to Linea Goerli Test Network or manually add it on ChainList.
2. Claim Faucet Tokens on EchoDEX Testnet
  On the EchoDEX Faucet page, you must first follow their Twitter and join their Discord. After doing so, you can claim 0.03 LineaETH once per day.
3. Swap Tokens
  Use the Swap feature. If you encounter gas issues, try swapping again or wait until you can claim more faucet tokens to cover gas fees.
4. Provide Liquidity
  Deposit your token pairs at the Liquidity Pool page. As a liquidity provider, you can earn swap fees.
5. Mint NFT
  Claim a free EchoDEX NFT to mark your place in the EchoDEX community! Remember to import the NFT address to your MetaMask in order to view it:
  
  Contract Address: 0xf893Ba09d5aac3dfaFc0E706a9f7778eC71788b4
  Token ID: 24767
6. Send Tweet and Wallet Address to Discord Testnet Proof Channel
  Like and retweet EchoDEX’s Tweet about the testnet steps. Tag three friends, then take a screenshot and send it to the Discord Testnet Proof Channel.
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: EchoDEX has confirmed airdropping $ECP tokens as part of its “Swap to Get $ECP” program.

Airdropped Token Allocation: The total token supply is yet to be revealed.

Airdrop Difficulty: Simply swap tokens, provide liquidity, and mint an NFT to earn $ECP airdrops. Follow EchoDEX on Twitter, like and retweet their testnet tweet, and tag 3 friends. Take a screenshot and send it to the Discord Testnet Proof Channel, along with your wallet address.

Token Utility: The team will announce the details of the $ECP token soon.

Token Lockup: There is no tokenomics yet.
April 21, 2023
Lamina1 ($L1) Token Airdrop Guide: Testnet LIVE NOW!
Lamina1 is a layer-1 blockchain based on a fork of Avalanche, built for the metaverse. It is co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “Metaverse”). Lamina1 has hinted on Discord at conducting a token airdrop for the community. In this article, we will briefly explain what Lamina1 is what you can do to position for the airdrop.

Lamina1 ($L1) Token Airdrop Step-by-Step Guide

Here’s how to get the Lamina1 ($L1) token airdrop:
1. Create a Lamina1 Wallet
2. Add Lamina1 Testnet to MetaMask
3. Claim Testnet $L1 Tokens on MetaMask
4. Claim Testnet $L1 Tokens on C-Chain Address
5. Complete Tasks on Crew3
6. Set Up a Node
See below for more in-depth details!

What is Lamina1?

Lamina1 is a layer-1 blockchain optimized for the Open Metaverse. It is based on a fork of the Avalanche blockchain, providing builders a flexible framework to create digital assets. The network uses a high-speed proof-of-stake (PoS) consensus algorithm, customized to support the needs of content creators.

Project Team and Funding

Lamina1 was co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “metaverse”). The project has set up the Lamina1 Ecosystem Fund (L1EF), the world’s first publicly accessible ecosystem fund for layer-1 blockchains. It is designed to provide broad economic access to accredited investors interested in championing the Open Metaverse.

Does Lamina1 Have a Token?

Yes, Lamina1 has a native token called $L1. It’s a hard-capped, scarce asset that is used to pay for fees, and secure the platform through proof-of-stake. It has a basic unit of account between the multiple Subnets created on the blockchain. One nL1 is equal to 0.000000001 L1.

How to Get the Lamina1 ($L1) Token Airdrop?
The best way to get the potential Lamina1 ($L1) token airdrop is to interact with their testnet and complete tasks on Zealy. Here’s a step-by-step guide:
1. Create a Lamina1 Wallet
  Go to the Lamina1 Web Portal and create a new L1 Wallet. Generate your key phrase and save them securely.
  
  After your wallet is created, you’ll be redirected to your portfolio page. At the top right screen, you’ll see your X-Chain, P-Chain, and C-Chain wallet addresses and QR code.
  
  X-Chain is for receiving funds, P-Chain is for receiving staking rewards and cross chain transfers, and C-Chain is for interacting with the Ethereum Virtual Machine (EVM).
2. Add Lamina1 Testnet to MetaMask
  Go to the Faucet page. Click “Add Subnet to MetaMask” at the bottom, and you will automatically have the Lamina1 Testnet network on your MetaMask.
3. Claim Testnet $L1 Tokens on MetaMask
  On the Faucet page, paste your MetaMask address and request 2 L1.
4. Claim Testnet $L1 Tokens on C-Chain Address
  Paste your Lamina1 C-Chain wallet address and request 2 L1.
  
  The C-Chain can only be used to claim test tokens, because the faucet is only compatible with Ethereum-based wallet clients.
5. Complete Tasks on Zealy
  Complete the tasks on Zealy to get the “Testnet” role. This allows Lamina1 to keep track of your participation. Those who participated by accruing XP on Crew3 will receive an End-of-Testnet Giveaway!
6. Set Up a Node
  You can also set up a node and run it on the Lamina1 primary network. They have a complete guide on it.
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: Lamina1 has addressed the community on conducting a token airdrop. They will officially announce the details soon, so stay tuned for future updates!

Airdropped Token Allocation: The total token supply is yet to be revealed.

Airdrop Difficulty: For now, the tasks are simply claiming testnet tokens on Lamina1. More features will be released soon. You don’t have to set up a node if you simply want to be a user of the protocol.

Token Utility: $L1 will be used for transaction fees and staking to secure the network.

Token Lockup: There is no tokenomics yet.
April 20, 2023
ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!
ZKX Protocol is a perpetual futures DEX built on StarkNet. Their team has hinted at a token airdrop to the community in the future! In this article, we will briefly explain what ZKX Protocol is and what you can do to position for the airdrop.
Table of Contents

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ZKX Protocol Airdrop Step-by-Step Guide

What is ZKX Protocol?

Does ZKX Protocol Have a Token?

How to Get the $ZKX Airdrop?

Airdrop Review
ZKX Protocol Airdrop Step-by-Step Guide

Here’s how to get the $ZKX token airdrop:
1. Connect Your Wallet to ZKX Testnet
2. Trade Perpetual Futures
3. Provide Feedback
See below for more in-depth details!

What is ZKX Protocol?

ZKX is a permissionless protocol for derivatives built on StarkNet, with a decentralized order book and a unique way to offer complex financial instruments as swaps. It allows users to trade perpetual futures while maintaining self-custody of their funds.

Additionally, the platform is governed by ZKX DAO. Community members can earn USDC from ZKX DAO by trading, staking, providing liquidity, or becoming a node provider. The more actions a stakeholder performs, the more digital shares of ZKX they will accumulate.

In July 2022, ZKX raised $4.5 million in a seed funding round with participation from StarkWare, Huobi, Crypto.com, Amber Group, HashKey Capital and more.

Does ZKX Protocol Have a Token?

Yes, ZKX Protocol plans to launch its $ZKX token in the future. Token holders can stake their tokens to gain access to digital shares of ZKX, which is linked to both governance and protocol rewards.

ZKX has also hinted on Telegram about conducting a future airdrop. Therefore, it is likely that early testnet users may qualify for the airdrop when the token launches.

How to Get the $ZKX Airdrop?
The best way to get the $ZKX airdrop is to interact with the ZKX testnet. Here’s a step-by-step guide:
1. Connect Your Wallet to ZKX Testnet
  Connect your MetaMask or other supported wallets to the ZKX Testnet page. Click on “Link Wallet” to sign the message confirming you are the owner of the wallet. Switch the network to Goerli.
  
  Once your wallet is connected, you will have a ZKX account with 10,000 test USDC. Please note that this process may take some time.
2. Trade Perpetual Futures
  Now you can start trading at the Trade page. Select a trading pair and place an order. There is a slider button you can turn on that allows you set the leverage ratio by moving the slide bar.
  
  You can see all of your created orders at the Orders page. There are many order types on ZKX. They have a complete guide on how to trade.
3. Provide Feedback
  You can send your feedback and requests by clicking on the “?” button on the top right screen.
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: The ZKX team has hinted on Telegram that there might be a future airdrop for the community.

Airdropped Token Allocation: There is no tokenomics yet.

Airdrop Difficulty: Simply trade perpetual futures on the testnet. The UI and UX of the testnet page are user-friendly.

Token Utility: The $ZKX token can be staked to gain access to digital shares of the protocol, which is linked to both governance and protocol rewards.

Token Lockup: There is no tokenomics yet.
April 19, 2023
Davos Protocol ($DGT) Token Airdrop Guide: LIVE NOW!
Davos Protocol is a new type of stable asset protocol that allows users to earn yield from staked assets with low collateral risk. Its mainnet was recently launched on Polygon, and early users could qualify for a potential airdrop. In this article, we will briefly explain what Davos Protocol is and what you can do to position for the airdrop.

Davos Protocol ($DGT) Airdrop Step-by-Step Guide

Here’s how to receive the $DGT airdrop:
1. Connect Your Wallet to Davos Protocol
2. Deposit $MATIC as Collateral
3. Stake $DAVOS to Earn $DGT
4. Deposit on Gamma Boosted Vaults
5. Provide Liquidity on Uniswap or QuickSwap
See below for more in-depth details!

What is Davos Protocol?

The Davos Protocol is a new type of stable asset protocol that solves the problem of locked-up liquidity in a sustainable way. It achieves this by using liquid staking and over-collateralization to enable a real yield extracted from liquid staking rewards for Davos stable assets on proof-of-stake (PoS) networks.

The monetary policy of Davos regulates the price stability of the stable asset $DAVOS. Through a revenue distribution system, Davos rewards liquidity providers with a stable yield. It accepts coins from multiple PoS networks as collateral to borrow $DAVOS stable assets and runs diverse low-risk strategies to generate yield from the collateralized assets. The generated yield is then redistributed to $DAVOS stakers and DEX liquidity providers.

Does Davos Protocol Have a Token?

Yes, Davos Protocol uses a dual token model consisting of $DAVOS and $DGT. $DAVOS is the stable asset backed by staked MATIC as collateral, allowing users to yield farm. On the other hand, $DGT is used for platform governance, participants incentivization, and voting on upgrades such as adding a new vault or changing protocol parameters and fees.

$DAVOS is already live and in use, but the $DGT token will launch in the future.

How to Get the Davos Protocol ($DGT) Token Airdrop?
The best chance to get the $DGT token airdrop is to interact with the Davos Protocol mainnet. Here’s a step-by-step guide:
1. Connect Your Wallet to Davos Protocol
  Connect your MetaMask or other supported wallets to the Davos Protocol app. Switch the network to the Polygon mainnet.
2. Deposit $MATIC as Collateral
  Go to the borrow page, provide $MATIC as collateral to borrow $DAVOS tokens.
  
  The Davos team recommends keeping the borrowing amount under 75% of the maximum limit to prevent loan liquidation, which could occur due to changes in the collateral’s value.
3. Stake $DAVOS to Earn $DGT
  Go to the earn page, stake your $DAVOS to earn $DGT rewards which could translate to the token when it is launched.
  
  If you unstake your tokens, you will need to repay the debt you owe in $DAVOS tokens to close your position.
4. Deposit on Gamma Boosted Vaults
  On the same page, you can deposit USDC/DAVOS pair on Gamma via Uniswap or QuickSwap.
5. Provide Liquidity on Uniswap or QuickSwap
  You can also directly provide USDC/DAVOS liquidity on Uniswap or QuickSwap.
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: Davos Protocol has not launched its $DGT token yet, but early users can potentially qualify for an airdrop.

Airdropped Token Allocation: Token allocation for airdrops is not confirmed yet.

Airdrop Difficulty: The steps are straightforward. Just provide $MATIC as collateral to borrow and stake $DAVOS. However, keep in mind that real funds are used, as it is deployed on the Polygon mainnet.

Token Utility: $DAVOS is the stable asset backed by staked $MATIC, whereas $DGT is the governance token of the protocol.

Token Lockup: There is no information on token lockup yet.
April 18, 2023
Arrakis Finance ($SPICE) Token Airdrop Guide: LIVE NOW!
Arrakis Finance is one of the largest liquidity management protocols for leading DeFi projects. The team will launch its native token, $SPICE, and has confirmed an airdrop for the community. In this article, we will briefly explain what Arrakis Finance is and how you can position yourself for the airdrop.

Arrakis Finance ($SPICE) Airdrop Step-by-Step Guide

Here’s how to receive the $SPICE airdrop:
1. Connect your wallet to Arrakis Finance
2. Provide Liquidity to Vault
See below for more in-depth details!

What is Arrakis Finance?

Arrakis Finance is a liquidity management protocol used by leading DeFi projects to bootstrap liquidity for their tokens across multiple blockchains. Some of the top DeFi projects that have adopted Arrakis vaults include Aave, MakerDAO, and Synthetix. At its peak in July 2022, the platform had $1.83 billion in total value locked (TVL).

Arrakis aims to solve pain points that many projects in web3 are facing today. Traditional Uniswap v2 automated market makers (AMM) provide a one-size-fits-all liquidity solution. While being simple, they lack efficiency and are costly to subsidize liquidity programs. Next generation AMMs like Uniswap v3 provide liquidity efficiency improvements, however at the cost of added complexity and risk to liquidity providers (LP).

The multichain landscape made liquidity increasingly fragmented and the operational overhead of managing liquidity exponentially higher. Projects are forced to spend an unnecessary amount of time and resources on complex topics such as active liquidity management, cross-chain liquidity provision, and modeling expenditures on market making programs. Arrakis solves these issues by creating a curated marketplace of novel tokenized LP strategies that facilitate deep liquidity and optimize LP earnings.

Does Arrakis Finance Have a Token?

Yes, $SPICE is a token that Arrakis Finance uses to add transparent governance and new incentive mechanisms to its protocol. The Arrakis DAO manages its tokenized strategies with its curated list of automated strategies. The protocol takes a 25% commission on fees earned from all liquidity under management as protocol revenue.

Projects get optimized liquidity without the management overhead and access to liquidity gauge emissions of $SPICE. These emissions provide additional incentives for LPs and attract liquidity to vaults. They also double as a bootstrapping mechanism for distributing governance power over the Arrakis protocol by vote locking $SPICE for non-transferable $xSPICE.

Will there be a $SPICE Airdrop?

Yes, the Arrakis team has confirmed an upcoming $SPICE airdrop on Discord, and they will announce further details soon. Moreover, if you locked $GEL tokens as part of the Gelato Network Lockdrop Program between May and June last year, you will receive $SPICE airdrops when the token launches. The Gelato Network is a web3 automation network that helped incubate Arrakis Finance.

How to Get the $SPICE Airdrop?
The best chance to get the $SPICE airdrop is to provide liquidity on the Arrakis Vaults. The protocol is live on four mainnets: Ethereum, Polygon, Optimism, and Arbitrum. So you will need real funds to qualify for the $SPICE airdrop. Here’s a step-by-step guide:
1. Connect Your Wallet to Arrakis Finance
  Connect your MetaMask or other supported wallets to the Arrakis Finance Vault page. Switch the network to Ethereum, Polygon, Optimism, or Arbitrum, depending on where your funds are located.
2. Provide Liquidity to Vault
  Select a liquidity pool you want and deposit your token pairs. Each pool has different rewards and fee tiers.
  
  If you want to minimize impermanent loss risk, stablecoin pair LPs are a safer choice.
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: The Arrakis team has confirmed on Discord that there will be a $SPICE airdrop. More details to be announced soon.

Airdropped Token Allocation: The token allocation for Vault liquidity providers is yet to be determined. However, those who participated in the $GEL Lockdrop Program last year will split the 30 million $SPICE airdrop pro-rata.

Airdrop Difficulty: The steps are straightforward. You just have to provide liquidity to the Arrakis Vault. However, keep in mind that real funds are used, as it is deployed on the mainnets.

Token Utility: $SPICE is the native governance token of Arrakis Finance that adds new incentive mechanisms to its protocol.

Token Lockup: The tokenomics of $SPICE is not yet finalized.
April 17, 2023
ConsenSys Free NFT Airdrop Guide: CLAIM NOW!
ConsenSys is celebrating the upcoming Ethereum Shanghai/Capella upgrade with the launch of a new NFT collection called “Ethereum, Evolved: Shanghai”. The NFT claim period begins on April 12, 2023, at 9pm EST and lasts for 72 hours. If you have a MetaMask wallet, you can mint the open edition for free (excluding gas fee). So act fast to claim your piece of Web3 history!

Learn more about the Ethereum Shanghai (Shapella) upgrade and the road toward Ethereum 2.0 here.

ConsenSys Free NFT Claim Step-by-Step Guide

Here’s how to claim the free ConsenSys NFT:
1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page
2. Connect Your MetaMask Wallet
3. Mint and Claim NFT
4. View NFT on MetaMask Portfolio
See below for more in-depth details!

About ConsenSys

ConsenSys is a leading blockchain technology company that focuses primarily on the Ethereum ecosystem. Joseph Lubin, an Ethereum co-founder, established it in 2014. The company aims to drive decentralized applications (dApps) and infrastructure adoption on Ethereum. It provides tools, products, and services like MetaMask and Infura to help developers, businesses, and individuals build next-gen applications and access decentralized web technologies.

ConsenSys is also a founding member of the Enterprise Ethereum Alliance (EEA). This global organization consists of various businesses, startups, research institutions, and Ethereum experts. Launched in 2017, the EEA’s primary goal is to develop open, blockchain-based standards and promote Ethereum adoption in enterprises. Through member collaboration, the EEA seeks to create best practices, architectural guidelines, and industry-specific use cases. This approach helps integrate Ethereum into the business world more effectively and securely.

About the Ethereum Shanghai/Capella Upgrade

The Shanghai/Capella upgrade is a technological milestone in the history of blockchain that will enable users to withdraw staked Ethereum assets. The upgrade is expected to have significant improvements for stakers, the Ethereum staking ecosystem, and DeFi, reducing liquidity risk and inspiring confidence in liquid staking protocols.

The upgrade will also enable Staking withdrawals, increasing the portability of stake and driving further innovation in the staking sector. Stakers will be able to evaluate different offerings based on factors such as rewards maximization, validator performance, simplicity of the user experience, and fees, and will play a critical role in preserving Ethereum’s values.

Our previous article, ‘Ethereum Shanghai Upgrade: Liquid Staking Derivatives are Coming,’ delves into the subject in depth.

How to Claim the Free ConsenSys NFT Airdrop?
You can claim your free NFT at the ConsenSys minting page. The claim window will be open for 72 hours starting from 9pm EST on April 12, 2023. Here’s a step-by-step guide:
1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page
  Go to the “Ethereum, Evolved: Shanghai” NFT minting page, which is powered by ConsenSys.
2. Connect Your MetaMask Wallet
  In order to mint the NFT, you will need to connect your MetaMask wallet. The network is on the Ethereum mainnet.
3. Mint and Claim NFT
  Click the “Claim Your NFT” button, confirm your MetaMask address, and you will have minted yourself an NFT! The mint itself is free, but you will need some ETH to cover gas fees. You can also choose to mint again, but be careful of the gas fee.
  
  Keep in mind that the Ethereum network may get busier at times, as more people are rushing to mint the NFT. Gas fees can get higher when the network is congested.
4. View NFT on MetaMask Portfolio
  Once you claimed your NFT, you can see it in your MetaMask Portfolio under the NFTs tab. You can also trade it on OpenSea.
April 13, 2023
SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!
Table of Contents

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What is SpartaDex?

Does SpartaDex Have a Token?

How to Get the $SPARTA Token Airdrop?

Airdrop Review
What is SpartaDex?

SpartaDex is a unique concept of decentralized exchange with implemented gaming layer, built on Arbitrum. It allows users to build their Spartan settlement, gather resources, recruit an army and conquer barbarian territories. The yield and profits are directly related to the user’s progress through the game.

SpartaDex incentivizes liquidity providers of whitelisted pools with their native $SPARTA token. Providing liquidity to selected pairs of partner projects also rewards in the project token.

Does SpartaDex Have a Token?

Yes, SpartaDEX has a native token called $SPARTA. The project team has announced on Twitter that there will be a $SPARTA token airdrop for the community.

How to Get the $SPARTA Token Airdrop?

The best chance to get the $SPARTA token airdrop is to (1) hold a Spartan NFT and (2) interact with the app:
1. The project team has confirmed that Spartan NFT holders are eligible for future airdrops. All NFTs have been minted already, but you can purchase one in OpenSea.
2. The SpartaDex testnet is now live on Polygon Mumbai. Only whitelisted addresses are able to interact with it now (those who completed the Galxe campaign). However, its mainnet will launch on Arbitrum later this year, and it is open to the public. Those who missed the whitelist opportunity can then interact with the game for a chance to get the airdrop.
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. (pascuccirestaurant.com)

Likelihood of Airdrop: SpartaDex has confirmed a $SPARTA token airdrop for Spartan NFT holders and early app users once the token is launched.

Airdropped Token Allocation: The project team has not yet published details of the airdropped token allocation.

Airdrop Difficulty: Consider purchasing a Spartan NFT if you are prepared to maintain ownership over an extended period; otherwise, it may not be a valuable investment.

Token Utility: Staking $SPARTA provides Real Yield, which comes not only from commissions earned by the exchange but also from income generated by game-related microtransactions.

Token Lockup: Tokens allocated to ecosystem rewards will follow a 72-month linear vesting with halving mechanism. On the other hand, tokens allocated to the project team and advisors will follow a 6-month cliff and an 18-month linear vesting.
April 12, 2023