The last two days of the Binance WEB3 Wallet COOK airdrop event! Strategy for sprinting mETH rankings
There are about two days left for the COOK airdrop of the Binance WEB3 wallet. I think there should be a lot of friends like me waiting to see the status of the mETH staking ranking in prize pool one, because only the top 300 will receive airdrop rewards. , today I will share with you how I prepare to rank in the mETH staking rankings for the final sprint!
Operating principle:
Transfer the assets to the Mantle chain, mortgage the assets through the on-chain lending agreement and lend out mETH.
Who is suitable for this?
Friends who have idle stablecoins (USDC, USDT, USDe, USDY) or BTC or ETH on hand.
cost?
The lending interest rate is approximately 1% to 2% annually. In the short term it is almost negligible.
What are the recommended protocols?
Here are some loan agreements that I think are more suitable for my friends:
1. Dolomite
mETH lending interest rate 1.99%
2.Aurelius
mETH lending interest rate 0.62%
3.Minterest
mETH lending interest rate 1.23%
4.Lendle
mETH lending interest rate 1.17%
Since mETH itself is an interest-raising asset, its value will increase, so the cost can be partially offset. And some protocols will subsidize protocol tokens for borrowing (Minterest subsidizes MINTY+MNT tokens), so the cost can be reduced!
Through borrowing, we not only increase the mETH staking ranking of Binance WEB3 wallet, but also allow us to gain more points in Mantleâs Methamorphosis airdrop event, which can be exchanged for more COOK token airdrops in the future.
But everyone must remember to control the amount of borrowing and price fluctuations, and be careful not to liquidate the mortgaged assets!
Then I wish everyone good luck in ranking and get more COOK airdrops!
Then there is a recent event called the Binance Square Creator Awards. If you find my article helpful, you can vote for me on my personal page. Users who voted can also receive the official airdrop procedure after the event. Fee refund coupon~
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â» 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.
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