Basic introduction to Pell Network & airdrop tutorial (coins will be issued soon)

Hello everyone, the previous article introduced how to pledge FBTC to the re-staking protocol Bedrock, obtain triple airdrop points income (FBTC, Bedrock, Babylon) and at the same time obtain Bedrock’s uniBTC liquidity tokens.

Today I want to share how to use the liquidity token uniBTC in my hand to lay out a protocol that is about to issue coins: Pell Network.

(Pell has announced on its official blog that the end time of the airdrop points activity will be announced within four months, that is, September or October) or when TVL reaches 1 billion US dollars)

1.What are the highlights of Pell?

• The first AVS service provider based on the Bitcoin network re-pledge protocol

• TVL quickly exceeded US$200 million within two months of its launch (currently US$260 million)

• Supports up to 13 blockchains and multiple BTC re-staking tokens

• Clearly announce the time interval for the end of the airdrop points activity (scheduled to be announced in the near future)

  

  2. Operation Tutorial

  2.1 Link wallet

  In addition to the basic common Metamask and Rabby, Binance WEB3 wallets such as Binance Exchange are also basically supported.

  

  2.2 Go to the points panel to complete the points tasks in order

  2.2.1 Click "Bind Referral Code" in the upper right corner and enter "LFTYVN".

  2.2.2 Then click "Base Earn" on the left half and complete the social account tasks in sequence. (Total 350 points)

  2.2.3 Click "Advance Earn" next to "Base Earn", and you can see the introduction of the rules of "First-time deposit benefits" and "Loyalty program". respectively, you can get 50 points every day for the first time you pledge more than 0.001BTC. (Continues for seven days), continuous staking of more than 0.01 BTC can earn 300 points every 14 days.

  2.2.4 In order to maximize the number of points earned, it is recommended to prepare more than 0.01 BTC in the wallet to pledge to Pell.

  

  2.3 Click "Restake" to re-pledge (take uniBTC as an example)

  Select the Mantle network on the Restake page and click "Restake Now" on uniBTC

  

  Fill in the amount to be pledged in the Deposit field (preferably more than 0.001BTC, 0.01BTC is better, so that you can receive the reward for the point task)

  

  Once all is completed, your uniBTC liquidity token will earn you 1.15x Pell points + 2x Bedrock points!

  *If you want to withdraw the tokens pledged into Pell, there will be a seven-day unlocking period for unstaking.

  *Bedrock is connecting the uniBTC data on Pell, so the Diamond (Bedrock points) you earned on Pell cannot be queried on Bedrock.

  *Remember to manually click on Pell's "Advance Earn" points task to receive rewards! ! ! (very important)

  Next, you can check the details of the pledge on the Dashboard page

  

Summarize

This should be the last article of this FBTC→Bedrock→Pell multiple income strategy tutorial. It may be a little complicated for those who are new to the chain, but it should be easier to understand for veterans who have been working in the Defi world for a long time?

I would like to emphasize here that there are potentially high rewards for earning multiple benefits through layers of nesting dolls, but you also need to bear the risks of each agreement. Everyone's risk tolerance is different, and partners can evaluate whether they need to maximize the liquidity of their assets to this extent based on their own conditions.

A brief summary of what benefits can be gained:

4x FBTC’s Spark Points

2x Bedrock’s Diamond Points

Babylon points (through Bedrock’s activity incentive pool)

1.15x Pell Points

Through the liquidity of the single BTC asset in hand, you can layout 4 potential airdrop critical strike opportunities at once, and these protocols may also have their own incentive rewards. I think there is still a good chance of harvesting good airdrop profits!

Finally, please pay more attention to Pell’s announcement. According to the original announcement, the end time of the points activity should be announced within this month.

Oh, by the way, for the Bedrock part, for those of you who read my last article and immediately followed the operation, congratulations, you can also get the incentive reward of Milestone 1 (I guess it may be Diamond points or Babylon points). Unexpectedly, within a few days of its release, the 400 BTC pool of Milestone 1 was immediately full of pledges. If you join now, it will be the pool of Milestone 2 (the earlier you join, the richer the rewards will be)!

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※ The above content is purely personal sharing and does not constitute investment advice (NFA). Users are advised to DYOR and assess their personal risk tolerance.

※Cover picture taken from Pell Network official website

#Pell #Bedrock #Babylon #FBTC #Airdrop‬ $BTC