@Raacfi $pmUSD is another example of an asset that couldn’t hold its peg amid a large market sell-off.
– No adequate redemption mechanics
– No liquid collateral
And here’s the result.
Wishing the team luck. The project’s concept is valid, just needs some improvements.
⛵ New Curator Onboard!
Excellion Finance is a crypto hedge fund specializing in delta-neutral and fixed income strategies on blue-chip assets.
Vaults make it easy to scale — no minimums, open access, lower overhead, and share-based accounting.
Put your idle USDC to work ↓
Non-custodial Bitcoin staking on Babylon goes live on mainnet in t-minus 1 day! 🎉
Let's look at the BTC L2s, DeFi, Liquid Restaking, Wallets, Cosmos Ecosystem, Finality Providers, and Rollup Infrastructure involved in the @babylonlabs_io Bitcoin staking ecosystem.
🧵👇
Scroll Marks are criteria for $SCRL airdrop 🪂
Session One launched a few days ago.
It's time to get more marks
Here's a guide on how to get more marks [based on statistics]🧵👇
Launching the optimal airdrop campaign.
Here's how I imagine it:
✦ Mission: Reward early adopters, keep users hooked, and attract new users.
Current airdrops fail to encourage commitment. Token farmers and sybils cash out and vanish. Mission failed.
Here are the criteria airdrops could consider based on current best practices. Each criterion acts as a multiplier for higher allocation.
✦ Rewarding early adopters:
• Bigger deposit = bigger allocation. Whales matter.
• Skill-based boost: Platforms like @blackwing_fi DEX let you trade points. Higher PnL = bigger allocation. Plus, users learn the platform.
• Content creators rewarded: scan X, blogs, newsletters—give allocation to those who grow the protocol’s mindshare. E.g. @AvailProject did this.
• Frequency boost: More transactions = higher allocation.
• Consider usage of other protocols: Real DeFi users use multiple protocols. Sybils don't.
• (Optional) Make campaign unique with gamified experience: E.g. @sanctumso Wonderland with pets and cupcakes for referrals
✦ Keeping users post-airdrop:
• Vest airdrops (especially for whales) to also reduce dumping.
• Offer an initial airdrop but give a boost through continued platform use. Think Magiceden diamonds.
• Plan multiple airdrop seasons, like Bitcoin halving with reduced allocation.
• Offer allocation boosts for future seasons when locking tokens, e.g., @KaminoFinance $KMNO staking.
✦ Attract new users
• Convert competitor protocol users: Incentivize them to switch by unlocking allocations for using the platform.
• Airdrop to DeFi power users: Engage governance participants and stakers from other DAOs.
• Award builders and devs: Based on contributions on Github. Reward ETH solo stakers.
• Reward NFT holders: Boosts project awareness & sybils don't hold expensive NFTs.
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I wanted to share the "perfect airdrop campaign."
Yet no airdrop is flawless, and a criteria-based system can be risky if insiders know the rules. Team integrity is key.
Finally, I agree with @gluk64: "go bold and do something unexpected."
We need bold new methods for airdrop distribution. Sure, some might be unhappy, but it's time to reset expectations with more experimentation.
What do you think would be the perfect airdrop?
2/ On-chain activities (2/2)
RedStone organized so far two on-chain activities during the first season of the expedition, one with Sommelier and one with Layerbank. What was requested to earn RSG?
- Sommelier: Deposit $ETH, $wstETH or $rETH to the Real Yield ETH vault at @sommfinance on the Arbitrum network.
- Layerbank: Deposit @Stake_Stone $STONE token at @LayerBankFi on Manta or Mode network
Another on-chain activity should open in July so stay tuned!
To have your RSG points counted while participating in on-chain quests, don’t forget to link your EVM wallet to Warpy on Discord