Who doesn’t like getting themselves a good crypto airdrop??
Tens of thousands of thousands & even millions have been made by people from airdrops!! Luckily, one thing we are good at is spotting them early…so get ready for another airdrop season…because it’s coming…and so is our content…because it’s time for Chico Crypto!
Airdrops have been getting HOT again, with BIG ones netting people some BIG money. For example, just last month JITO airdropped 165 million to early participants of their protocol & from the article we can see the value dropped… “Based on Jito’s “points” system for allocating the airdrop, Dan Smith from Blockworks research wrote on X that moving $40 of Jito SOL around could have netted users nearly $10,000 in JTO.” I missed this one, there is no denying that…but that is because of my bias against Solana…I’m not a fan of Solana, and hate what it stands for…but free money is free money…
So we are going to put that BIAS aside for this post because another big airdrop is coming to SOL…do what you want with the airdrop money, but my recommendation is to get it and sell it for quality projects, that are decentralized & with more staying power… So to begin…have you ever heard of wormhole??
Well, this is a blockchain cross-chain messaging system…aka wormhole is a blockchain bridge protocol…and its reach is far & wide…as we can see wormhole is fully integrated with 29 different chains, layer 2’s, and para chains that include the likes of Ethereum, Arbitrum, Avalanche, Moonbeam, Solana & more…
Now if Wormhole is going to be doing an airdrop? Why would it be so valuable? Well if you didn’t know, in November of last year, Wormhole announced a massive raise…$225 million at a 2.5 billion dollar valuation!!
Why do I believe they will be doing an airdrop?
Well, a great airdrop researcher, CryptoSnooper on Twitter found it buried deep within their GitHub.
Their docs said this “The native token of the wormhole chain is $WORM. This token is used both for staking (governance) and fees.
These tokens are already minted on Solana” The tokens are created and ready to go…aka an airdrop is imminent!! So how do you capitalize the most on this? Well how about killing 2 birds with one stone…using a protocol that will likely do an airdrop too, that is powered by Wormhole. And that is Mayan Finance, a cross-protocol swapper.
You can swap tokens across chains, it’s a cross-chain Uniswap….So first go to the Mayan app, found at the swap.mayan.finance…here you connect your wallet, pick the network you want to swap from, and then the network you want to swap to, click SWAP, and wait for the transaction to confirm…
A big TIP, swap to and from different networks and don’t necessarily do what I did and swap from Ethereum due to the high gas fees, swap from different networks with lower fees, Like BSC, Polygon, Avalanche, Arbitrum & Solana!!
Already have 2 airdrops we are positioned for.
But What about another one?? What about from a project that is backed by the BIG dog Arthur Hayes, so you know it’s going to crush it…Before diving deep into that topic, let’s take a short sponsored break supported by Fluid. and like always the full details of our agreement can be found in the description Fluid is revolutionizing crypto trading creating modern and efficient tools for the digital financial world and a pioneer in blending advanced AI with blockchain, altering the DeFi landscape. With Fluid, you can swiftly trade top cryptocurrencies, manage your assets, and get real-time analytics and important alerts when you need them most And with the next step in the evolution of trading Fluid recently announced the SATA project, which stands for Simplified AI Trading Assistant, exemplifying Fluids dedication to digital finance innovation.
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Links for everything can be found in the description Now back to getting the airdrop from Arthur Haye’s backed crypto project… If you didn’t know…ole Arthur has his own VC fund named Maelstrom….from their about me we can see it says “Managed by the family office of Arthur Hayes (co-founder, BitMEX), Maelstrom is building a long-term portfolio of infrastructure companies that will serve as the foundation of the next wave of trustless decentralization.” Now jumping to the Maelstrom portfolio of projects, we can see they are invested in a good batch…but the one that stands out to me…is the project EtherFi Jumping to the EtherFi website we can get an idea of what they do. The website says “Seamless Staking Effortless Earnings.
Stake ETH, get eETH – a natively restated liquid staking token that fuels DeFi and decentralizes Ethereum.” And from their total value locked or staked, it’s easy to see that the project is hyped. Already there are nearly 104 million staked with EtherFI… EtherFi staking dashboard…going to EtherFi’s staking dashboard…there is some nice evidence of an airdrop…as we can see, there are points that can be earned….EtherFi points and EigenLayer points… What do points mean…are they related to an airdrop? And why are there points from another protocol Eigen Layer?
Well, the EtherFi docs explain this. In the section: What can you do with your Loyalty points, the team says “Loyalty Points will play a role in decentralized governance. Stay tuned for more.” They are saying they are doing a governance token airdrop, without saying they are doing a token airdrop… But what about Eigen Layer points, well they explain this in the docs too.
They say “eETH holders will earn EigenLayer points in addition to ether.fi Loyalty Points, as ether.fi will be restaking on EigenLayer. We will be remitting 100% of these points received to our eETH holders from day 1” Yup you can kill 2 birds with one stone with EtherFi…you can set yourself up for one of the most anticipated airdrops of 2024, the restacking platform Eigen Layer… So how exactly do you earn these points? Well, the docs give a good explainer.
It says “The easiest way is to simply stake your ETH on ether. fi. As we continue to roll out our partnerships and integrations, we will implement programs for users to begin earning additional points for LP’ing into DeFi protocols that we integrate with, referring friends, quests to L2s, etc.” Going back to their dashboard, we can see the different LPs you can add to, to earn additional points. You can earn more points for earning badges, adding to the curve, balancer, gravitas, Maverick & Sommelier LPs…and below they have easy access to these pools!! But what about earning points with badges…well Crypto Snooper just posted about this. He said “Do you want more loyalty points for Ether Fi? Follow them on DeBank.
🪂..and it’s a discord post from an EtherFI team member that says “EtherFinanciers: We are officially debanked on Debank. Follow our page now to track the protocol. Every wallet that follows by January 24th will receive a badge with 1000 Loyalty points” Don’t sleep on these airdrops…the alarms are ringing…
Cheers, I’ll see you next time!