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Tag: perpetual futures

  • Aark Digital ($AARK) Token Airdrop Guide: LIVE NOW!

    Aark Digital ($AARK) Token Airdrop Guide: LIVE NOW!

    Aark Digital is a decentralized perpetuals exchange built on Arbitrum. The team has mentioned on Discord that there will be an airdrop for the community in the future. In this article, we will briefly explain what Aark Digital is and what you can do to position for the airdrop.

    Aark Digital Airdrop Step-by-Step Guide

    Here’s how to get the Aark Digital token airdrop:

    1. Add Arbitrum Goerli to Wallet
    2. Get Galxe Role and Complete Tasks on Crew3
    3. Get Testnet Tokens
    4. Deposit on Aark Testnet Futures Account and Place Futures Orders
    5. Provide Liquidity
    6. Deposit into the Insurance Fund
    7. Deposit on Nitro LP (Mainnet Action)
    8. Get the Aark Digital Boarding Pass

    See below for more in-depth details!

    What is Aark Digital?

    Aark Digital is a derivatives decentralized exchange (DEX) built on Arbitrum. It is the first Peer-to-Pool perpetuals DEX custom built for professional traders. It offers abundant liquidity with 50+ trading pairs and any whitelisted assets as collateral. Cross-margin trading is also available. For liquidity providers, it offers leveraged LP, delta neutral LP and insurance fund.

    It is designed to provide a solution for the pain points of perp DEXs. Traders on the Aark platform are not required to sell assets they own to open a position. They can instead deposit these assets as collateral, which will be held until the user’s position is liquidated due to a loss.

    Does Aark Digital have a Token?

    $AARK is the native token of Aark Digital. The token is not launched yet, according to their Documentation, 31% of their token supply will be reserved for Community Rewards. So Aark Digital may do an airdrop. Currently, you can complete tasks to earn points, which will then be exchangeable for Mystery Tickets to eventually earn $AARK when the mainnet is launched.

    How to Get the Potential Aark Digital Token Airdrop?

    Time needed: 2 hours

    Aark Digital have announced a Traders of the Galaxy campaign which will allow participants to get an exclusive NFT and a Mystery Ticket which could hold $AARK rewards. The Traders of the Galaxy will start on May 19th, 2023, 11:00 AM (UTC) and ends on 24th June 2023 at 9:00am (UTC). You will also need to interact with the Aark Digital Testnet OR deposit USDC in the mainnet liquidity pool in order to be eligible for a future token airdrop. Here’s a step-by-step guide:

    1. Add Arbitrum Goerli to Wallet

      You can add Arbitrum Goerli via Chainlist on your MetaMask or other supported wallets. It is the testnet network for Arbitrum.

    2. Get Galxe Role

      Connect your wallet to Aark Digital’s Galxe page. Complete the social tasks to get 1 entry.

    3. Complete Tasks on Crew3

      Connect your wallet to Zealy (Crew3) and complete their social tasks.

    4. Get Testnet Tokens

      Connect your Metamask to Aark Digital and click “Receive” on the right hand corner to get testnet tokens. You will get 10,000 mock USDC, 0.5 mock BTC and 5 mock ETH. Note that you can no longer get testnet tokens via their Discord as their faucet has dried.

    5. Deposit on Aark Testnet Futures Account

      Go to Aark Testnet. Start by depositing some of your testnet tokens on your Futures account. Try not to deposit all as you will need some for the other features.

    6. Place Futures Orders

      Now you can start trading on the Futures page. Choose a trading pair to trade located at the left side of the screen. Then, place a market order or limit order on the right of the screen. Set the leverage ratio by moving the slide bar.

      You can see all of your created orders under the Position tab located at the bottom of the screen. Additionally, you can keep track of your previous orders under the Trade History tab. You will earn 1 point for every $100 of trading volume generated. You can also check your points earned here.

    7. Provide Liquidity

      Deposit some of your testnet tokens on your Liquidity Provider account. Then, go to the Liquidity page and open an LP position. Set the leverage ratio by moving the slide bar, and then place order to confirm.

    8. Deposit into the Insurance Fund

      You can also deposit test USDC in the Insurance Fund page. This feature allows you to earn from liquidation fees.

    9. Deposit on Nitro LP (Mainnet Action)

      If you wish to interact with more than just the testnet, you can provide liquidity to the Aark Digital Liquidity Pool on the Arbitrum mainnet. Connect your wallet to the Nitro LP page, and switch the network to Arbitrum One.

      Once you’re in, scroll down and you’ll see different tiers of LP products. Select a tier and approve USDC to deposit. Learn more about the risk ratio in their Medium article.

    10. Get the Aark Digital Boarding Pass

      To get the Aark Digital Boarding Pass, you will need to earn over 90,000 testnet points. You can earn testnet points by trading on Aark Digital’s testnet (see step 6 above). Once you qualify, go to Aark Digital’s Galxe page and claim the NFT.

    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: Aark Digital’s documentation states that 31% of its token supply would be reserved for Community Rewards, which could mean an airdrop.

    Airdropped Token Allocation: 31% of $AARK tokens would be allocated towards Community Rewards.

    Airdrop Difficulty: The testnet is very user-friendly and easy to use. For interacting with the mainnet, please do your own research as it involves real funds.

    Token Utility: $AARK is a fee-earning governance token of Aark Digital and entitles holders to various benefits.

    Token Lockup: The 31% of $AARK tokens allocated towards Community Reserves were not distributed at Genesis, but will be distributed each year over a total of 4 years as follows: 12.8%, 8.3%, 5.8% and 4.1%

  • ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!

    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.

    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.

  • Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol is a decentralized derivative exchange powered by the Synthetix Protocol on Optimism. They have distributed Optimism ($OP) airdrops to active users in the past and could do so again. In this article, we will briefly explain what Polynomial Protocol is and what you can do to position yourself for the retroactive airdrop.

    What is Polynomial Protocol?

    Polynomial Protocol is built on top of Synthetix, with $SNX stakers serving as counterparties for transactions on Polynomial. By offering liquidity, $SNX stakers receive fees from the platform. Apart from trading, Polynomial offers two more products to make DeFi more accessible to users:

    1. Polynomial Earn Vaults: These are the first DeFi Options Vaults (DOV) that operate entirely on-chain by selling options directly to an Automated Market Maker (AMM).
    2. Polynomial Swap: This product streamlines the swapping process on Optimism, particularly for synthetic assets. Non-synthetic assets are routed through 1inch to ensure a seamless experience.

    Does Polynomial Protocol have a Token?

    Salman Naseer, founder of Polynomial Protocol, said in Discord that they are not planning a token launch at the moment. In the meantime, active users can only claim Optimism ($OP) tokens as rewards.

    How to Get Retroactive $OP Airdrop on Polynomial?

    The best chance to get another retroactive $OP airdrop is to interact with the Polynomial Trade, Earn, and Swap features. Here’s a step-by-step guide:

    1. Connect Your Wallet to Polynomial Protocol

      Connect your MetaMask or other supported wallets to the Polynomial Protocol trading app. The available networks are Optimism and Ethereum.

    2. Create Polynomial Smart Wallet

      After you connected your wallet, you will need to create a Polynomial smart contract wallet. For this part, you also need some ETH to cover gas fees.

    3. Deposit sUSD in Smart Wallet

      After creating your smart wallet, you will need to deposit at least $50 sUSD to start trading. You can use the swap feature to get sUSD.

      If you don’t have funds in Optimism, you can bridge your assets via the MetaMask bridge aggregator (this could also qualify you for the $MASK airdrop). You can also buy sUSD on KuCoin and transfer them to your Optimism wallet.

    4. Trade Perpetual Futures

      You can now trade perpetual futures on the platform. Polynomial has a detailed guide on how to open up standard orders or limit orders for long and short positions.

    5. Use Earn Vaults

      You can deposit sETH or sUSD to earn yields in the Polynomial Earn Vaults. It is important to note that these vault strategies are subject to market risks. Check out their earn documents to understand more.

    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: There is no official announcement of the next retroactive $OP airdrop yet. But Polynomial is growing, so there is a good chance there will be another incentive for the community.

    Airdropped Token Allocation: The airdropped token allocation is unknown.

    Airdrop Difficulty: The trading platform offers a user-friendly interface and operates on the Optimism mainnet. As with any investment, it is advised to only use funds that one is prepared to risk.

    Token Utility: Polynomial has no plans to launch its own token yet.

    Token Lockup: Polynomial has no plans to launch its own token yet.