The previous article FBTC Introduction briefly introduced you to the basic information of FBTC. Today I will share with you how to participate in the FBTC airdrop and its points system.
1. Obtain FBTC
At present, FBTC already supports Ethereum, Mantle, and BNB. Partners who find it troublesome can directly click "Acquire"-"Swap" on the FBTC official website to enter the exchange page, and use other assets in the wallet to exchange for FBTC. (This service is aggregating the liquidity of the ODOS protocol)
Of course, you can also go to DEXs that support FBTC to get better liquidity & prices. Currently, you can use DODO and Uniswap to obtain FBTC on Ethreum, Mercant MOE and Agni Finance on Mantle, and you can use DODO and ODOS to exchange for FBTC on BNB. .
2. Pledge FBTC or provide LP liquidity
The current points rules are as follows (the point name is Spark)
Holding FBTC in the wallet: 0.001 FBTC=1 Spark
Staking FBTC through Babylon-related re-pledge agreement: 0.001 FBTC=2 Sparks
Provide LP liquidity: 0.001 FBTC=2 Sparks
Staking FBTC in the money market: 0.001 FBTC=2 Sparks
Staking FBTC on the multi-chain protocol: 0.001 FBTC=2 Sparks
*FBTC on the Mantle chain can also receive a 2x Sparks bonus, so staking FBTC on Mantle will become 0.001 FBTC=4 Sparks.
*Spark points panel is not yet online
3. Choose the protocol that suits you
3.1 Babylon Staking
If you are a partner who wants to get more benefits from multiple airdrops, I suggest you pledge to Babylon-related ecological protocols, such as PumpBTC, Bedrock, and Solv. These are all protocols that have been discussed recently. For example, you can get Bedrock points and Spark at one time. Points, Babylon points = triple benefits.
3.2 LP Liquidity Pool
If you are not interested in airdrop routes that require long-term deployment, you can also consider providing mETH/FBTC, WBTC/FBTC liquidity pools to steadily earn Spark points + LP pool handling fees.
3.3 Multi-chain protocol
In addition, FBTC also supports several multi-chain protocols, including: Mezo, Fuel, Zircuit, and Karak, which can also achieve an airdrop strategy of eating more than one fish. (Karak, which I have been sharing before, should be issuing coins soon. You can consider using FBTC to participate in Karak)
3.4 Money market
Finally, there is the most basic money market, which is suitable for partners who want to earn steady income. Among them, Mantle's lending agreement Minterest provides an APY interest rate of nearly 30%.
4. Summary
FBTC’s points activity has been less than a month since it was announced on 8/21, so it is still in the early stage and can be deployed as soon as possible.
As mentioned in the previous article, FBTC is supported by Mantle. It is relatively safe and stable, and has Mantle's huge resources as its backing. It is trustworthy and you can try it out.
In addition, I personally think that the most attractive thing is that FBTC provides the opportunity to eat more than one fish. Whether it is Babylon itself or Bedrock, Solv and other protocols, they may provide us with very good airdrop income.
If you are like me, a friend who will allocate a certain proportion of assets to mainstream currencies BTC and ETH. You might as well try to exchange BTC for FBTC to participate in this airdrop activity. It may bring you additional Generous airdrop earnings!
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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 image screenshot from Ignition Medium article