Preface
There are various types of airdrop interactions, which can be roughly divided into interactive and deposit types. Among them, the most likely cause for users to be counterattacked is when depositing. The spot loss caused by the decline of tokens is often not enough to compensate when the airdrop rewards are issued. This week, Ethena, a well-known deposit project, announced that the second quarter of airdrop deposits will end on September 2. The author of this article will use his personal participation experience to analyze for readers the precautions and own opinions on applying for airdrops in the second quarter.
What is Ethena?
Ethena Financing Background
Ethena Finance is a decentralized stablecoin issuance protocol based on Ethereum that issues synthetic U.S. dollars, $USDe, without going through traditional financial infrastructure. Ethena aims to provide an independent stablecoin solution to reflect value, enhance the scalability and stability of DeFi, and allow users to safely manage and expand their monetary assets.
Ethena was established in 2023 and received US$20.5 million in investment led by Dragonfly, Binance Labs and OKX Ventures. The mainnet was launched in March this year, issuing synthetic stable currency $USDe and governance token $ENA. Its Defi application Ethena provides lending , trading and staking income and other functions, and launched joint staking activities with Eigenlayer, Pendle and other agreements, attracting a large number of participants.
$ENA Token Economy
$ENA Token Distribution
•$ENA total supply: 15 billion, initial circulation: 1.425 billion.
•Foundation: 15%
•Investors: 25%
•Ecological Fund: 30%
•Core contributors: 30%
•The current circulating supply is 1.92 billion, the market value is approximately US$400 million, and the fully diluted valuation is US$3.17 billion.
Ethena Season 1 Staking Airdrop
Ethena launched the staking point activity "Shard Campaign" on February 26 this year, allowing users to deposit $USDT in exchange for $USDe, and there will be corresponding point multipliers based on different operations:
•Buy $USDe and hold: 5x
•$USDe locked in liquidity pool: 10x
•Staking $USDe: 1x
The deposit activity was snapshotted on 3/26, and the $ENA token airdrop was issued on 4/2, with an airdrop of 750 million $ENA, accounting for 5% of the total supply. At that time, the author had a deposit of about US$1,000, and in just one month, he received an airdrop of $ENA worth US$1,600, which made Ethena famous and attracted many users to participate in the second season of the event.
Ethena Season 2 Staking Airdrop
Sats Season 2
Ethena will launch the second season of "Sats" immediately after the end of the first season. The original Shard points will also be calculated as Sats. The event will continue until the end of September 2. This season, in conjunction with Pendle's $YT, $PT and $LP deposits, $ENA deposits are also opened, providing multi-chain and multi-currency pledge strategies for users to choose. Each strategy has a different multiplier combination, which will not be discussed here. I won’t go into details, but the big mechanism is also “pledge to get points”.
This quarter, due to the wealth creation effect of the first quarter, a large amount of funds poured in, causing Pendle's pool to reach the upper limit within three days of opening. Subsequently, as the market corrected, $ENA's excessive valuation also caused the currency price to fall sharply, all the way from the highest From $1.46, there is only $0.21 left, and pledgers are panicking and are unlocking liquidity. Therefore, I only kept $PT and $YT deposits. After waiting for 5 months, I finally received the second quarter airdrop settlement on September 2 this week. This quarter, I will airdrop 5% of the total amount plus the unclaimed $ENA. , the airdrop inquiry website will be opened on 9/9, and airdrop applications will be opened on 9/30.
Airdrop application and precautions
In view of the airdrop rules of the first quarter, the author believes that it is not time to withdraw the pledged assets. The snapshot time of the first quarter is 3/26, and the airdrop will be issued on 4/2. If the $USDe position during the period is less than the 3/26 snapshot, then it will The air investment qualification will be lost, so it can be reasonably inferred that the settlement announced this quarter is 9/2. Until the airdrop quantity is confirmed on 9/9, there is a certain probability that withdrawing the pledged assets will cause you to lose the air investment qualification, including canceling the pledge of $USDe and withdrawing $ Try not to engage in activities such as YT and $PT, and keep your position unchanged before confirming the airdrop share. If you are worried about asset decline, you can first hedge with contracts and other methods.
Conclusion: Don’t be in a hurry to withdraw funds. Airdrop lock-up is possible.
In addition to the above suggestions not to raise liquidity, $ENA has fallen by more than 80% from its high point. Before there is new empowerment, the price performance is very poor. The author believes that Ethena will formulate plans for this season’s airdrop. The lock-up mechanism is used to slow down the selling pressure of the 5% airdrop. For example, linear unlocking of the top 2,000 wallets with airdrop shares is a common method used by other projects. In addition, the number of participants this season has increased significantly compared to the first quarter, and the market is sluggish. There is a high probability that Ethena’s airdrop this season will cause a reversal. The author participated based on the profits from the first quarter, buying $YT and $ PT, to balance profits and losses and preserve capital. It is recommended that when readers interact with such deposit projects in the future, in addition to adjusting investment costs and losses by allocating positions, they can also use the profits from capital withdrawals to reinvest to make themselves invincible. .
A must-do for big-name projects
1.Scroll Canva & Scroll ranking query
Scroll official Twitter
After many months of our continuous tracking and interaction, Scroll finally officially released a video foreshadowing the airdrop yesterday, and released a third-party airdrop ranking query link today, which is divided into Marks and Badges rankings, both of which the author has In previous weekly reports, I have continued to explain to readers how to obtain and recommend interactive strategies. Currently, the author’s personal Marks ranking is around 40,000; while Badges ranking is at 900. The total number of people participating in Scroll is about 2.5 million. If there is continuous follow-up and interaction with the weekly reports, the current rankings should be in the early stages. You can look forward to the arrival of the airdrop and enjoy the harvest. However, we would like to remind readers to remain cautious despite the excitement. The fake Scroll Foundation appeared yesterday. When future airdrops are officially announced, there will also be many phishing websites and fake airdrop applications. Do not click on any unknown sources. of links.
Ranking query
Scroll fake foundation
Although Scroll has released a ranking query, the author found that the total number of Scroll Canvas is 108, and there are still some that have not yet been obtained. Here are a few cost-effective or more important Badges recommended.
1.ZNS Credits
•Purchase ZNS Credit worth more than 3 US dollars, and use the Credit to mint a domain name for free. A Redeem GiftCard is required after purchase and waits for a few minutes for verification.
https://scroll.io/canvas/badge-contract/0x4293b8907d403b397A4050ebc92a4722aa600720
2. OmniHub
•Purchase at least 1 Scroll Guardian NFT, costing approximately US$0.5.
https://scroll.io/canvas/badge-contract/0xE7f10EC881D3bdEF9a67F4c6A5070FfD9A4f7FeE
•Create at least 5 different NFT series, costing about $4.
https://scroll.io/canvas/badge-contract/0x553aF61373B694B7d28CbcF76cF61BE53f323Cc1
3.Dmail
•If you used the XStar domain name in Mint in the previous issue, you can go to Dmail to send any email.
https://scroll.io/canvas/badge-contract/0x15B0BCbdfc9Ca5990EE725076f1Dfc360a73476c
4.Izumi
•If you have used the XStar domain name in the previous Mint period, you can go to Izumi Swap for more than 10 US dollars.
https://scroll.io/canvas/badge-contract/0x4B0C949A53c33a5e6eE56df6A95065f207Bc1f65
5.Smile Cobra Jigsaw Puzzle
•Complete the Smile Cobra jigsaw puzzle, and the Mint achievement badge is on the right, costing about $1.80.
https://scroll.io/canvas/badge-contract/0x980f717C3D76faAfEe3382424F83C5e11f045029
6.Retro
•Complete any cross-chain 2 times.
https://scroll.io/canvas/badge-contract/0x4F4d33693A0C454a87Dd39cf21171F0d585Af0bD
•Complete any Swap twice.
https://scroll.io/canvas/badge-contract/0x5cEDbA9376e447dd23f196bF66985c31fDFD8559
2.Linea Layer3 new tasks
DefiLlama Linea TVL
Since the last Linea Culture SZN event, although there has been no new update for Linea for a while, DefiLlama has observed that Linea’s TVL has not dropped significantly. Most people and the author are making Surge deposits. Like the author, there is Mitosis. Multiple points can be earned.
Linea launched a verification task on Layer3 this week. As long as you hold an address above 5LXP, you can verify it and obtain the "LXP Power User" NFT. Besides depositing, you should also keep the address active, interact at least weekly, and maintain Have a certain amount of assets in your wallet to prepare for the possibility of taking a snapshot at any time!
Linea layer3 tasks
Featured Project Interaction: BreadButter
OpenSocial Funding Background
OpenSocial is a multi-chain SocialFi infrastructure incubated by Everest Ventures Group. It aims to provide Web3 users, creators and developers with a truly scalable and composable social protocol, allowing users to easily use it even if they have no coding experience. Build your own decentralized social application. OpenSocial received $6 million in strategic investment from Framework Ventures and North Island Ventures in July. In addition to the early 5 million seed round and 15 million early stage funds, early investors include OKX Ventures, Portal Ventures and Berachain. The total financing amount currently reaches 26 million, which is a project with a high financing amount in the Social sector. There is also support from OKX. Last issue The launch of Somon has also brought considerable wealth creation effects.
BreadButter Pre-Season
BreadButter is the second social infrastructure launched by OpenSocial. The last released Somon airdropped nearly 100 US dollars in the first quarter, and its NFT white orders even surged 9 times, making the group friends a lot of profit. The author recommends It is estimated that the wealth creation effect of the previous period will lead to more participants this season, but there will still be meat to eat. Those who missed Somon last time can pay attention to this BreadButter opportunity. It is still in the pre-registration stage. The pre-registration process instructions are attached below. .
1. First go to the BreadButter page and link your Google account and EVM wallet registration.
2. Complete Basic Quest, including social tasks, daily check-ins, etc., it is very simple. You can accumulate $BUTTER points first, which can be exchanged for token airdrops in proportion in the future.
BreadButter Interaction
3. Registration Rewards is an early bird event. Anyone who registers before 9/25 can get an early bird badge. The earlier you join, the higher the level of badge you can get. You can still catch up with the third early bird issue on 9/11.
4. After linking the wallet, you can obtain the Vampire Shib Badge on the page. The number of badges will increase proportionally with the $BNB balance in the wallet BSC chain. Finally, as of the 9/25 snapshot, the number of badges will also affect the airdrop share.
Emerging Projects Ambush: Aggregate
Aggregate financing background
Aggregata is a decentralized data aggregation platform focused on collecting high-quality AI data and providing users with full control over data ownership. Users can directly upload high-quality data to decentralized storage through Greendrive, and easily share, sell or find AI data sets in the free market. The purpose is to solve the decentralized nature of blockchain technology and promote secure interaction between blockchains through innovative data solutions.
Aggregate was invested by Binance Labs last year and was selected as the best-performing project in the seventh quarter of the Binance Labs MVB program. Although the amount of financing has not been announced, the author believes that Aggregate's main focus is "ChatGPT to Earn", which means "Asking questions" "You can make money with ChatGPT." Whether it's students doing homework, engineers coding, or any questions in daily life, you can use ChatGPT to help solve it. ChatGPT has become an indispensable part of our lives. So if you can ask questions and get extra income for yourself at the same time, why not? The interactive process of Aggregate is attached below.
1. First, you need to register ChatGPT and install the Aggregate browser plug-in.
2. Click on the Aggregate plug-in, as shown below, it will automatically jump to the ChatGPT page, connect the wallet to register for Aggregate, and the BNB Greenfield chain will be automatically added. If you don’t mind, you can fill in the invitation code b9kz7e79 to get a 10% points bonus.
Aggregate registration
3. Click "Deposit" and jump to the cross-chain page as shown below. You need to deposit a small amount of $BNB as Gasfee. Each time you upload data, it costs about $0.003. A one-time cross-chain payment is about $3.
4. Next, you can upload each question you have asked in ChatGPT to get points. Random points will be given based on the quality of the question. White points are ordinary GPT; purple points are GPT 4 or above.
Note: Questions containing pictures or audio files cannot be uploaded at present.
$BNB Deposit
5. On the "Reward" page, link X and Discord to get an additional 30 purple points.
6. The "Pet" pet system is temporarily suspended from Mint, but the number should be opened again in the future. The official document clearly states that the pet level increases with questions and experience gained. The higher the pet level, the higher the airdrop reward.
The above is the interaction process of Aggregate. The author thinks that the concept of smooth interaction in daily use of ChatGPT is good. Although the data needs to be uploaded, users who are worried about the privacy of their questions can also upload it one by one, and there is a certain guarantee for security.
Financing potential project: Moonveil
Moonveil Financing Background
Moonveil is a Web3 game ecological public chain. You must have heard of the well-known games "League of Legends" and "Valorat". The original core team of Riot, Tencent and CARV, the game company that produced these hit games, jointly developed Moonveil, aiming to use Web3 technology to completely Changing the gaming landscape, providing a player-centric ecosystem that enhances player community engagement and seamless user experience.
Moonveil was created by these game industry veterans. They have top resources and connections in the game industry with a number of popular games around the world. They also received US$3.6 million in Pre-A round financing on 8/8 this year, and have raised a total of 900 million so far. Ten thousand US dollars, led by Spartan Group and Gumi, is a fairly impressive amount of investment in game-related fields. The author believes that the characteristic of Moonveil is that they have their own games. Currently, they have two games, AstrArk and BushWhack. In this way, tokens can be consumed in their own ecosystem and a healthy ecological mechanism can be formed for the tokens.
Moonveil has recently launched a loyalty program. Like most projects in the early stages, by accumulating Moon Beams points, you can redeem token airdrops during TGE. At this stage, there is zero cost interaction. The airdrop interaction process is attached below.
1. First go to the task page and log in directly with the EVM wallet.
2. On the Moonveil interactive page as shown below, click on the "Loyalty program" above to complete the Season Event and Task series tasks.
3. Most of them are social tasks, which can be easily completed by linking social accounts and verifying on Steam.
4. The official prize pool will be opened on 9/3. As long as you have 25 Moon Beams points, you can participate. The winner can get a token airdrop worth at least US$250. Don’t miss this zero-cost opportunity!
5. For subsequent participation opportunities, you can pay attention to the launch of the AstrArk game. If you participate in the game, you can also interact with Moonveil at the same time, so you can eat more with one fish.
Moonevil interactive page
In addition to the above points tasks, the TETRA NFT issued by Moonveil has various privileges such as greatly increasing the speed of point accumulation and ensuring token airdrops. The current prices are 0.25 $ETH and 1.4 $ETH respectively. Although the price is high, it also represents Moonveil’s Players have a certain level of airdrop expectations.
TETRA NFT
Airdrop blessing inquiry
1. $EMC
https://ethermail.io/emt/pools/0/status
Ethermail is a Web3 email project. It was often compared with Dmail in the past. However, in fact, Ethermail has been listed on exchanges such as Bitget, MEXC and Gate as early as June. It opened users to the KYC process in early August and did not release it until 9/2. Receive $EMC airdrops and distribute $EMC according to the amount of points.
2.$GRASS
https://www.grassfoundation.io/
Grass is a decentralized network protocol that uses blockchain technology to promote the sharing of unused network bandwidth, allowing users to earn revenue by sharing unused network resources for AI model training. Grass was once popular, raising $4.5 million in funding, and was promoted many times by Binance. This week, Grass released its airdrop query page, and the pre-market value of points also soared to 900 US dollars (per million points). However, due to the extremely uneven distribution of airdrops when they were released, and the project side being suspected of being a rat store , has now fallen back to US$120 (per million points).
3. THIS
https://app.ethena.fi/join/71pl5
Ethena is a decentralized stablecoin protocol based on Ethereum, which provides $USDe with an infrastructure free from traditional centralized finance. It combines the advantages of Defi and stable income opportunities, allowing users to safely manage and operate their assets. . Ethena raised US$20.5 million led by Dragonfly, Binance Labs and OKX Ventures. Its first quarter airdrop income reached more than 100% of deposits, attracting a large number of users to join the second quarter. From the end of April to the present, it ended on 9/2 In the second quarter, airdrops will be issued after the recent settlement of Sats points. However, the price of $ENA has collapsed, and there are too many participants in the second quarter. The author believes that this quarter's earnings are likely to be disappointing.
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