Review of recent ETH airdrop opportunities and on-chain Alpha

author:The DeFi Investor

Compiled by: Xiaobai Navigation coderworld

3 ETH airdrop strategies

If you hold ETH, you might as well leverage it in DeFi.

Currently, there are many high-quality Xiaobai NavigationETH airdrop opportunities may bring considerable returns.

Although the days of depositing $100 in a dApp and getting a $1,000 airdrop are over, it is still possible to earn high double-digit annualized returns through ETH.

Today, I will share the three ETH airdrop strategies that I think are most worthy of attention.

Let’s find out.

1. Mantle + Karak

Mantle is the most well-funded Ethereum second-layer project and the fastest-growing ETH liquid staking protocol mETH Protocol Developers of .

Confirmed mETH holders will receive airdrop rewards from the mETH protocol.

Here is my strategy for getting airdrops:

• Visit Mantle Methamorphosis airdrop event page,connectwalletTo participate in the points program

• After clicking the “Gather mETH” button, stake ETH and perform cross-chain operations

• Then, deposit the obtained mETH into Karak Karak is the third largest staking protocol, through Mantle L2 If you deposit mETH into Karak on , you can also get Karak’s airdrop rewards at the same time.

Here are some reasons why I like this strategy:

• With this strategy, you can get airdrop rewards from both mETH Protocol and Karak.

• From September 4 to October 2, users who stake ETH and cross-chain to Mantle can also share an additional 1,800,000 $COOK Token

• Karak’s mETH pool offers 2x Karak points bonus. Also, I particularly appreciate that Mantle made it clear from the beginning that theirFirst airdrop eventIt will only last 100 days in total.

2. Fluid + EtherFi

Fluid It is an innovative DeFi protocol developed by Instadapp, while Symbiotic is the second largest heavily-collateralized protocol.

By using Fluid, you can use up to 11x leverage to earn Symbiotic points.

The strategy is as follows:

• Re-stake wETH on EtherFi in exchange for weETHs. EtherFi Liquidity heavy pledge tokens provided for Symbiotic

• Deposit weETHs Fluid in the weETHs/wstETH vault

• (Optional) Borrow wstETH on Fluid and convert it to weETHs to increase leverage - increase your points leverage up to 11x

Here are some reasons why I like this strategy:

• Deposit weETHs on Fluid and you can get 3.5x EtherFi points, 1x Symbiotic points, 3x Veda points and 1x Zircuit points at the same time

• Fluid offers the highest liquidation threshold in the industry. If you use weETHs as collateral to borrow wstETH, be careful not to get liquidated. However, one advantage of Fluid is that its liquidation penalty is very low. Even if you simply deposit weETHs into Fluid It is also valuable because you can get 4 airdrop rewards at the same time.

3. Kelp DAO + Pendle

Kelp DAO It is one of the largest non-token ETH liquidity heavy staking protocols, and Pendle is the most popular yield trading protocol.

Recently, Kelp DAO Launched Airdrop Gain Vault, a tool that automatically L2 Get airdropped products from the DeFi protocol.

The strategy is as follows:

• access Kelp DAO's official website

• Click “Re-stake Now” and then select “Gain” in the upper left corner

• Deposit ETH or rsETH into Kelp's Gain Vault to get agETH

• (Optional) Provide agETH to Pendle agETH pool to get extra benefits

After you deposit ETH, Kelp's Gain Vault will automatically distribute your assets to multiple token-free Ethereum L2 and other protocols.

Here are some reasons why I like this strategy:

• Gain Vault's fees are relatively low, only 2% per year

• After depositing into Kelp's Gain Vault, you will get agETH, a voucher token that can be used in DeFi. Although there are not many application scenarios for agETH at present, the Kelp team expects to announce multiple new DeFi integrations soon. I hope these airdrop opportunities will pique your interest! As I mentioned at the beginning of this issue, airdrops are no longer a way to get rich quickly because the number of participants has increased significantly. But in my opinion, participating in airdrops is still a good option to get extra income.

On-chain Alpha

Currently, Bitcoin (BTC)exchangeThe number of deposit addresses has fallen to its lowest level since 2016.

source:cryptoquant.com

This shows that the current willingness to transfer Bitcoin (BTC) intoexchangeVery few people are selling.

Therefore, BTC holdings on centralized exchanges have also been declining, which I see as a positive sign.

As shown in the figure above, at the peak of the 2021 bull market, the number of active BTC exchange deposit addresses was almost 20 times what it is now!

The article comes from the Internet:Review of recent ETH airdrop opportunities and on-chain Alpha

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