A few days ago, I saw a player summarizing the returns of staking projects.
He has pledged dozens or even hundreds of ETH in projects such as Blast, Blur, Melin, Zkasino, Mode, and Renzo. Although there are airdrops, the returns are meager and cannot beat the USDT funding cost.
The profit from ZKFAIR’s new listing was over 60wu at the peak. I wanted to build it for the long term and continue holding it, but now there is less than 6wu left.
Moreover, if large investors pledge their shares, they will also have to bear the risks of the project.
For example, he pledged 50 ETH in Zkasino, but the project owner ran away, resulting in a loss of $150,000. Although the project team was arrested, the possibility of recovering the assets is very low.
Chuxiao Chain has also been paying attention to pledge airdrop projects.
I participated in the staking of TIA, DYM, ATOM, RONIN, etc. Although the projects have not run away, there is currently no airdrop income; staking has a certain APY income, but the decline is greater than the income.
TIA fell from $20 to $10, DYM fell from $8 to $3, and ATOM fell from $13 to $9.
Judging from the current data, it is a loss. If you hold it for a long time, depending on the bull market performance, it is possible that it will continue to return to zero. It is not easy to get 10 times.
One of my TIA airdrop wallets was worth $2,500 at its peak, but now only has $1,200 left, a drop of more than 52%.
A popular trend in the market at the beginning of 2024, that is, the slogan that 2024 is the year of pledge airdrops, is no longer shouted by anyone. We should be thankful if we are not counter-emptied or run away.
A group member has been interacting with the project and has received a lot of airdrops.
Among them, 100 PYTH staking accounts were created, and the PYTH staking amounts were divided into three levels: 100/500/1000, with more than 30 accounts pledged for each amount.
At that time, the price of purchasing pyth was about US$0.4. Currently, there is no airdrop income from PYTH staking. Pyth once rose to US$1.16, and now it has fallen back to US$0.48.
He bought PYTH earlier and has gained certain gains; while another group member bought 10,000 pyths for pledge at 0.7, and is still losing money now, and has not received any airdrops for his pledge.
Of course, this is only the halfway point, and the final outcome remains to be revealed.
There is also a group member who is doing backpack interaction to increase transaction volume. Although there are airdrops from other projects during backpack, they are always small-scale and the profits are minimal. There is no official airdrop news yet.
During the Wormhole airdrop some time ago, the cumulative transaction volume of this group member exceeded 2 million US dollars, but the amount received was less than 1,000 W airdrops, and the transaction fees could not be recovered.
Various projects are guiding users to be active and interact more, but users do not gain other benefits from the interaction.
Airdrops were originally intended to reward early users and were a windfall for users.
The current airdrops are for players who interact for the sake of interaction, and various free-to-play studios; project owners are also constantly raising the airdrop requirements, resulting in some players not being able to recover the gas fees they invested in interaction.
The threshold for interacting and getting airdrops is getting higher and higher, and it is getting harder and harder to get rich through airdrops.
A few days ago, layerzero released an announcement about the self-inspection and reporting incentives for witches, which really shocked the gaming community. It would have been fine if various projects checked witches themselves, but they actually asked users to report each other.
There will always be brave men when there is a big reward. I wonder if the workers of LuMao Studio will report their accounts and get 10% of the profits?
Recently, the communication among group members has been all about discussing what to pay attention to recently and which project has profitability. It seems that everyone is confused, and no track has an obvious wealth effect.
Investing may be about focusing on the long term, and the short term is destined to fluctuate back and forth; some people leave the market during the volatility and lose opportunities in the back and forth operations.
When you don’t know what to do at the moment, it’s better to lie down first. Not making money is always better than losing money.
The market is risky, so you need to invest with caution and rationally.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
