The crypto market has been volatile recently, with BTC falling below $60,000 again. From its all-time high of more than $73,000, the drop has exceeded 19%, and other altcoins have been halved.
Some time ago, I was still immersed in the lively atmosphere of "the bull market is coming", but in recent days, I have to sell my stocks in panic amid the continued decline.
There is a friend who is new to the circle. The balance of his spot wallet has been halved. He is fully invested in various altcoins. He has enjoyed a 30% profit from the rise, but also has to bear a 50% loss when it falls.
Chuxiao Chain received 20 PRCL airdrops today, worth $9.4.
PRCL is the native token of the on-chain real estate project Parcl, built on the Solana ecosystem. Points can be obtained by staking USDC or interacting with contracts, and the points correspond to airdrops.
I pledged 360 USDC and earned more than 20,000 points in one month. Users with points between 6,000 and 40,000 can receive 20 PRCL low-income airdrops. Those with points below 6,000 will not receive any airdrops.
I pledged 3 accounts, 1 of which was hacked, and one of which did not meet the points requirement, so I only received less than $10 in airdrops.
Judging from the yield output, the PRCL airdrop yield was relatively low. At that time, USDC was pledged and exchanged for SOL. Staking stablecoins avoided the risk of SOL plummeting by 40%. I don’t know whether I should be thankful.
The market plummeted, and players who participated in various lock-up and pledge activities were also wailing.
When the price goes up, locked positions can passively gain benefits from the increase in the value of tokens; when the price goes down, pledged locked positions must also bear the huge loss of tokens.
For example, DYM fell from a high of $8 to $3.
Some people pledged TIA to get tens of thousands of DYM airdrops, but they did not sell them for pledge at the time. Not only did they not receive the additional airdrops for the pledged DYM, they also had to bear the losses from the decline.
TIA was cut in half from $21 to $10;
ATOM hardly rises, but follows the decline step by step, falling from 14 US dollars to 8 US dollars. Staking ATOM has not yet reaped a large airdrop.
In the short term, all the pledges are lost;
In the long run, this is just a process, and we need to wait longer for the results, either to zero or ten times, but the question is whether there is enough time to wait?
Counting the staking projects I have participated in, I wonder if I can still get higher returns through staking?
I initially received 100 TIA airdrops, but I didn’t sell them and staked them in my keplr wallet. The price rose to $21 but I didn’t sell them, and now it has fallen back to $10.
In the middle, I bought TIA at more than ten dollars and created more accounts for staking. Now I am losing money. I wonder what will happen in the next period of time?
ATOM was purchased for 12 USD for staking, but now it has dropped to 8 USD, and it is far from being able to get back the money. People jokingly call ATOM a stablecoin, which has never risen, but it is indispensable for the decline.
I also bought RONIN pledge at $3. It hasn’t dropped much now, but I haven’t received any RONIN airdrops yet.
Blast staking was popular at the end of last year. The purchase price of ETH was also US$3,000, and it has recently fallen back to US$3,000.
Now that the Blast mainnet is launched, ETH can be bridged back to the mainnet.
My accumulated blast points are 2999, and I am the last participant. The points can be redeemed in May. I don’t know how many airdrops I can redeem.
There is also the Merlin Chain staking some time ago, and the recent airdrop can be checked. Stake BTC on the Merlin Chain to get airdrops and APR income.
I did not participate in BTC ecosystem staking, nor did I participate in the Merlin airdrop.
As for jup and pyth staking in the SOL ecosystem, I don’t know what the future returns will be?
I have always believed that staking is a relatively easy way to interact, provide liquidity for projects, and obtain project airdrops.
Ethereum has switched from POW to POS. Staking allows users to obtain voting and governance rights for projects, as well as airdrop rewards, which is a way to participate in project construction.
In 2024, many projects launched the pledge airdrop method, but as the market fell, they also had to endure huge declines.
If you are a long-term holder, the decline is short-term. In the long run, the price will rise, but it will take a long enough time. There is also the risk of failing to carry out the project, exiting the market with zero, or running away.
What do you think about the gameplay of staking and locking up to get airdrops?
The above is just my personal opinion, not investment advice. I am Chu Xiaolian, and I am paying attention to the crypto market and web3.
