Restaking airdrops offer passive income: earn tokens by holding and staking, maximizing investment potential.
Top crypto projects like Picasso, AltLayer, and Pendle offer restacking airdrops, enhancing token holder benefits.
Restake Finance pioneers modular liquid staking, promising efficient token utilization and future airdrop rewards.
In the ever-evolving crypto world, the airdrop concept has ended up as a prevalent procedure for presenting and disseminating unused crypto tokens to the community. In any case, there’s another variation of the airdrop show that’s picking up expanding consideration, to be specific restaking airdrops. In this article, there are the top 5 crypto projects that offer airdrop restaking programs to their token holders.
1. Picasso (PICA)
Picasso is a unified network that empowers IBC transfer activities across ecosystems for secure interoperability. Picasso has its native token, $PICA, which was designed and used to function as a unified network token supporting multiple L1 blockchains. Currently, PICA supports the Cosmos chain. Picasso has an active partnership with Composable Finance, a DeFi protocol that seeks to integrate major blockchains such as Ethereum, Polkadot, Cosmos, and NEAR.
2.AltLayer (ALT)
AltLayer is an open protocol for rollups that claims to incorporate the new idea of “rollup,” which takes existing rollups and provides them with better security, decentralization, interoperability, and crypto-economic finality. Recently, they hosted an $ALT Airdrop Campaign, which was in line with the launch of their native token.
3. Pendle (PENDLE)
Pendle is a decentralized protocol that enables tokenization and trading of future returns through the creation of AMMs that support time-decaying assets. This protocol claims to give its users greater control over future returns by providing choices and opportunities for their utilization.
The network already has a native token called $PENDLE and is in the process of airdropping. Free $PENDLE is awarded to airdrop participants who will perform four “simple” tasks to promote the platform and attract engagement.
4. Restake Finance (RSTK)
Restake Finance is the first protocol to launch modular liquid staking for EigenLayer. Rehypothecation allows LST to be used as a cryptoeconomic security for services that are actively validated as part of EigenLayer. In December 2023, Restake Finance revealed its plans for $RSTK tokenomics. Of the total supply of 100 million, 5% is allocated for future airdrops.
5. ULTRA Prisma Finance (ULTRA)
Prisma Finance is a DeFi protocol focused on realizing Ethereum’s full ESG potential. This protocol allows users to mint a stablecoin, mkUSD, which is fully collateralized by liquid staking tokens. In November 2023, the protocol confirmed that 2% of the total supply of $ULTRA will be distributed to early access participants according to the points they earn.
The future of restaking airdrops in the crypto industry is undeniably bright, promising innovative avenues for token holders to maximize their earnings and engagement. As more projects recognize the value of rewarding their community through restocking initiatives, we can anticipate a surge in participation and enthusiasm among crypto enthusiasts. These programs not only incentivize long-term holding but also foster a deeper sense of community involvement and loyalty.
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