Airdrop projects not to be missed in the fourth quarter of 2024.

CN
PANews
Follow
1 year ago

Author: Stacy Muur

Translator: Deep Tide TechFlow

Morpho [Mainnet]

Morpho is a trustless and efficient lending platform that drives the formation of permissionless markets. It quickly ranked sixth in total value locked (TVL) on DefiLlama lending market, with the current TVL reaching 1.4 billion US dollars.

How to Get Airdrops

Morpho's airdrop activity is not based on a point system. Users can observe changes in asset supply and annual percentage yield (APY) by specifying the expected fully diluted valuation (FDV). For example, the following example uses a FDV of 10 billion US dollars.

Airdrop projects not to be missed in the fourth quarter of 2024

  1. Visit the Morpho application (supports Ethereum and Base).

  2. Browse various funds and assets available for lending to choose the most suitable pool.

  3. Check your rewards in the "Rewards" tab.

Tip: Rewards on Base are usually higher, and since Base is an OP Stack chain, you can also earn OP incentives. Therefore, I personally choose to obtain Morpho rewards on Base.

Expected FDV

As mentioned earlier, Morpho is currently the sixth largest lending market in all blockchains. Its main competitors include Compound (market value of 444 million US dollars FDMC), Venus (market value of 210 million US dollars FDMC), and Kamino Lend (market value of 660 million US dollars FDMC).

In a round of strategic financing on August 1, Morpho raised 50 million US dollars (specific FDV undisclosed). Assuming this financing sold 10-15% of the tokens, this means its FDV is approximately 330 million to 500 million US dollars. Considering that all venture capital rounds usually have discounts, Morpho's FDV at launch may be close to 1 billion US dollars.

Sunrise [Testnet]

Sunrise is a Data Availability (DA) layer designed for Proof of Liquidity (PoL) and fee abstraction. It recently launched a public testnet with incentive mechanisms, which is an important step towards its mainnet release. The testnet will reward active users, and early participants will receive the largest share of the upcoming $RISE Token airdrop. To access the testnet and its faucet, users need to connect an EVM wallet (with at least 0.001 ETH and transaction records on the Ethereum mainnet) and a Cosmos wallet.

Earning Airdrop Rewards

Participants can earn points on the testnet by completing daily tasks (such as claiming, swapping, providing liquidity, and participating in governance), and inviting friends to participate can also increase points. Initially, 7% of the token supply was allocated for the initial airdrop of the TGE, and an additional 5% was reserved for future plans. Sunrise is currently considering merging these two parts, distributing a total of 12% of the tokens in the genesis airdrop.

Some statistics:

  • Over 200,000 users have joined the testnet.

  • Daily active users have grown to about 50,000 and are still increasing.

  • Continuously launching new testnet activities.

Airdrop projects not to be missed in the fourth quarter of 2024

To-Do List:

  1. Join the community: Follow Sunrise on social media and join their Discord.

  2. Use the testnet: Trade or provide liquidity.

  3. Complete daily tasks.

  4. Invite friends using the referral link.

Expected FDV

Sunrise Layer seamlessly integrates on-chain and off-chain data, combining the security and transparency of on-chain solutions while enhancing scalability and reducing costs. This hybrid model is ideal for decentralized applications that require high throughput and strong data integrity. Its main competitors include Celestia (FDV of 4.7 billion US dollars), Avail (FDV of 1.2 billion US dollars), and KYVE (FDV of 24 million US dollars). I expect its FDV at launch to be between 300 million and 500 million US dollars.

Mantle's COOK [Mainnet]

As a layer 2 network for Ethereum, Mantle is conducting the Metamorphosis event, and after the event, it will distribute the new $COOK tokens to the community. $COOK will become the governance token for Mantle's LST (mETH, one of the largest LSTs by total locked value) and LRT (cmETH, a new liquidity re-staking mode).

Earning Airdrops

The process of obtaining the upcoming COOK tokens is very simple and offers multiple choices. The key is to acquire some mETH (preferably on Mantle, as this allows for more Powder daily), and then increase rewards by participating in different DeFi activities.

Airdrop projects not to be missed in the fourth quarter of 2024

  1. Visit the website and connect your wallet.

  2. Stake ETH to acquire mETH tokens.

  3. Add the mETH tokens to your wallet and bridge them to the Mantle network.

  4. For every 1 mETH held, you can earn 10 Powder daily. Additionally, by providing mETH liquidity in the designated protocol, you can earn additional Powder.

  5. You can also earn more rewards by locking MNT.

Expected FDV

mETH is currently the fifth largest liquidity staking token, with a total locked value close to Jito (FDMC of 2.1 billion US dollars) and Marinade Finance (FDMC of 100 million US dollars). With COOK as the governance token for mETH and the upcoming cmETH (a new type of re-staking token), its expected FDV at launch may be between 150 million and 300 million US dollars. Hopefully, Mantle can avoid a strategy of low circulation and high FDV.

Other Airdrop Activities to Participate In

To simplify the content, the descriptions of the following airdrops will not be as detailed as the previous three mentioned.

Story Protocol [Testnet]

Story is the world's first IP blockchain, supporting programmable IP, and driving the development of next-generation AI, DeFi, and consumer applications.

  1. Visit the website and connect your wallet.

  2. Exchange IP, WETH, USDC, WBTC, USDT, and FATE.

Soneium [Testnet]

Soneium is a Layer 2 blockchain developed by Sony's Block Solutions Labs team, aiming to inspire emotions and nurture creativity, and dedicated to bridging the gap between Web3 and everyday internet services, making blockchain technology more accessible globally.

  1. Get Sepolia ETH from the faucet.

  2. Visit the website and connect your wallet.

  3. Bridge test ETH from Sepolia to the Minato testnet, and then return.

Hyperlane [Mainnet]

Hyperlane is an interoperability layer designed for modular blockchain ecosystems. It enables seamless communication between different blockchain environments such as Layer 1, Rollups, and application chains through permissionless deployment.

Hyperlane x Injective

  1. Visit the website and connect your EVM/Solana and Cosmos wallets.

  2. Send $INJ tokens to the inEVM network. Enter the transfer amount, select the wallet, click "Continue," and confirm the transaction.

hNFT Minting and Bridging

  1. Visit the website and connect your wallet.

  2. Select the network on the left where you want to mint the NFT, select the network on the right where you want to send the NFT after minting, and then click "Mint."

  3. Click "Bridge" to transfer the NFT to another network and confirm the transaction.

  4. Check if the transaction was successful on the Hyperlane browser.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink