DeFi Logan 🎒

🧠 DeFi insights.
💸 Airdrop strategies.
📊 Alpha threads.
🎒 Lads farm together. Come farm with me 👇

[DeFi Logan 🎒 @LoganDefi]

🎒 BREAKING: BackPack Exchange Season 2 launches July 3rd!

10 weeks. 100 MILLION points (10M/week).

This could be 2025's biggest surprise airdrop and here’s exactly why.🧵👇

[DeFi Logan 🎒 @LoganDefi]

@GeormanZ GM

Keep printing

[DeFi Logan 🎒 @LoganDefi]

@Coleta_Cripto LFG!

[DeFi Logan 🎒 @LoganDefi]

@armaniferrante @Backpack BACKPACK ON TOP!

[Armani Ferrante @armaniferrante]

A member of the @Backpack Chinese community sent me this today.

> Since Season 1, expectations weren’t initially very high. Many believed the campaign would last for three seasons, so people didn’t FOMO too hard. However, as Season 2 approaches, we’re seeing growing FOMO sentiments on Twitter and across communities....Traffic and hype are necessary—but if they go too far, things can spiral out of control. As an old Chinese saying goes: Water can carry a boat, but it can also capsize it.

It appears there's a growing swell of newfound interest in Backpack Season 2. So it's about time to reintroduce ourselves to old friends and new.

Well, what is Backpack?

First, what Backpack is not. Some folks know me from DeFi. I take an enormous amount of inspiration from DeFi, having worked on Serum, the first onchain CLOB back when FTX was still a thing. And indeed, Backpack very much looks like it's from DeFi. Nevertheless, Backpack is not DeFi. Backpack is not a DEX. We fancy ourselves as building the most transparent CEX, ever. We are far from that goal, but it is indeed our goal.

Backpack is a globally regulated, onchain financial institution--and this has a lot of enormous implications for how we move as a product, as a company, and as a community.

As we've seen in the past, the faster centralized exchanges rise, the faster they fall. From the beginning, we've tried to do things right. Whether it's the decision to work with regulators around the world, the decision to build real time proof of reserves (almost live), the decision to hire a full accounting team and work with a big four accounting firm to prepare for audited financial statements, the decision to build a full compliance org not just in one country and one language, but in many countries and many languages all around the world. All of this takes an enormous amount of time, energy, and sheer resources that most projects don't worry about (nor would I recommend they worry about any of these things). Centralized exchanges are extraordinarily difficult beasts to build. It's fairly easy to build them by taking short cuts. It's incredibly hard to build them right and to stand the test of time. Many have risen. Many have fallen. And this is the mountain we're climbing.

So what does this mean for the community?

If you're looking for a get rich quick TGE--listing pump, and exit. This is not for you. If you try to farm this, sybil this, or take advantage of this. This is not for you. I said this before and during Season 1, I'll say it before and during Season 2, I'll say it many, many times going forward. If you look at Backpack through the lens of a short term farm, you will experience maximum pain and maximum suffering. If you play long term games with long term people, you'll find a home. As a friend of mine once said, you don't need to win in one cycle, you can win after many.

It's been about seven years for me in this crazy industry. I've experienced the highest of highest. I've experienced the lowest of lows. This is not just a project. This is our life. For me, the team, and for our community.

If this resonates with you, I hope you join us for Season 2. I can't promise you anything other than spending every waking moment and every bit of energy making the best product we can possibly make. We will swing. We will miss. We will hopefully hit some home runs. And we will keep swinging. Day by day. Brick by brick.

🧱

[DeFi Logan 🎒 @LoganDefi]

@enricoermeti_ @MadLads WAO

[DeFi Logan 🎒 @LoganDefi]

@sangdotsol 👀

[DeFi Logan 🎒 @LoganDefi]

@GovindT30 WAO
LET'S GO! LADS ON TOP 🤝

[DeFi Logan 🎒 @LoganDefi]

🎒 BREAKING: BackPack Exchange Season 2 launches July 3rd!

10 weeks. 100 MILLION points (10M/week).

This could be 2025's biggest surprise airdrop and here’s exactly why.🧵👇

[DeFi Logan 🎒 @LoganDefi]

@SolanaCoach @Backpack WAO

[DeFi Logan 🎒 @LoganDefi]

@_incept1on LADS ON TOP 🤝

[DeFi Logan 🎒 @LoganDefi]

@Petrus3B Only the beginning.🔥

[DeFi Logan 🎒 @LoganDefi]

@0x_Lopes Thank you sir.
WAO

[DeFi Logan 🎒 @LoganDefi]

@chrizzwod Appreciate you. Lads stay packing. 🎒🔥

[DeFi Logan 🎒 @LoganDefi]

Backpack Exchange doesn’t currently support users from Canada due to regulatory reasons. However, they’ve stated that Canada is on the list of regions they plan to serve in the future. Although no official date has been announced yet. They haven’t shared an exact timeline yet, but they usually post updates on their Discord or X Account (@Backpack) worth keeping an eye on if you're interested.

[DeFi Logan 🎒 @LoganDefi]

@Coleta_Cripto @chocoo_web3 @MadVincent666 Coletas on TOP🤝

[DeFi Logan 🎒 @LoganDefi]

@MadVincent666 With absolute certainty, sirrrr.
LADS ON TOP!

[DeFi Logan 🎒 @LoganDefi]

@chocoo_web3 @Coleta_Cripto @MadVincent666 Thank you sirr 🫡

[DeFi Logan 🎒 @LoganDefi]

Inspired by some of the sharpest minds in the space, from legends like @Coleta_Cripto , @chocoo_web3. @MadVincent666 Credit where it’s due 👏

[DeFi Logan 🎒 @LoganDefi]

🎒 BackPack Season 2 starts July 3rd.
100M points. 10 weeks. EU expansion.

This is gonna be THE AIRDROP OF 2025.

Don't be the person watching from the sidelines while others get life-changing rewards.

⚡ CREATE YOUR BACKPACK ACCOUNT NOW
👉 https://t.co/EvOxWPCXZe

Wishing you all max points and big gains. See you at the top of the leaderboard! 🔥

#BackPack #Airdrop #Solana #DeFi #Season2