Dec 282023
 
Manta airdrop farming

This is a Manta airdrop guide for Manta Pacific, an L2 blockchain built on OP stack and Celestia (TIA). You can farm MANTA and other tokens for the Manta ecosystem while also getting yield on your deposits while your wait for the MANTA airdrop.

Manta recently announced its New Paradigm program and has announced a MANTA token. This is in contrast with many other projects where the token is mere speculation. By making the token explicit, the team has made their promises upfront and airdrop farmers can be sure of getting some token rewards at least.

Manta airdrop yield guide comparing Manta to other L2s like Blast and Arbitrum

What is Manta?

Manta is a layer 2 or L2 built on Ethereum, using the OP stack from Optimism. It also uses Celestia (TIA) as its data availability layer. Therefore, you might be able to earn some MANTA tokens as a TIA staker. Also, being the first major L2 on TIA is good marketing to that community. Manta airdrop might therefore attract a wider range of crypto users and audiences.

Outside of the hype, if you have some spare ETH sitting in a wallet, the Manta airdrop is a good use of it for a short period of time. The yield you’ll get over the next couple of months in the form of MANTA airdrop would likely be much higher than the yield you’ll get in traditional yield protocols like stETH from Lido or even enhanced yield protocols like Pendle. Of course, if you fall in this category, then you should claim your MANTA tokens as soon as they are available, and then recycle your ETH into the next farming opportunity.

How to Farm MANTA with New Paradigm

Step-1: Get an invite code to join Manta New Paradigm program. See invite codes section below.

Step-2: Connect your Twitter account

Step-3: Connect your Ethereum wallet

Step-4: Deposit ETH

Step-5: Get yield in 5 ways: base yield (3-5% on deposits currently), MANTA airdrop (3% of total supply), Project tokens, LP yield via e.g. stoneETH, Eigenlayer restaking yield

Given the L2 market right now, the MANTA token airdrop itself could be substantial. Although 3% of the total supply of tokens airdropped doesn’t seem like a lot, it would be a decent percentage of the circulating supply at launch. Besides, the opportunity cost is mostly in foregone ETH yield in other opportunities, and not spending any ETH itself. Of course, there is always smart contract risk that should be considered before deciding whether to bridge to Manta or not.

If you want to track usage or who else is putting money into this, check out this Manta Dune Analytics dashboard. As of this writing, over 200,000 ETH has found its way into farming the Manta airdrop.

Manta Invite Codes for Airdrop

Manta’s invite codes are limited, so please use them only if you plan to deposit ETH into Manta, and drop your own referral codes in the comments below. You can use these working codes to start your Manta airdrop journey (updated 1/4/2024)

https://newparadigm.manta.network?inviteCode=RNV2J

https://newparadigm.manta.network?inviteCode=VK9RT

https://newparadigm.manta.network?inviteCode=AGM1Q

https://newparadigm.manta.network?inviteCode=OCM7B

https://newparadigm.manta.network?inviteCode=PMGDF

https://newparadigm.manta.network?inviteCode=JK0ZS

https://newparadigm.manta.network?inviteCode=ZL0TD

https://newparadigm.manta.network?inviteCode=8CD1U

Dec 232023
 
etherfi restaking eigenlayer points

Eigenlayer’s ETH restaking is the hottest thing in town. However, you can indirectly get exposure to Eigenlayer, Eigenlayer points, and Eigenlayer airdrop in the future, along with points for a decentralized protocol for restaking all in one go via ether.fi. If you use this etherfi link, you will get an additional 100 points. These points will convert to airdrop tokens in the future but not just for ether.fi but also for Eigenlayer.

Eigenlayer Airdrop

While the Eigenlayer airdrop is probably the most anticipated airdrop on the Ethereum network right now, ether.fi is a wonderful app and team on its own right, and its airdrop might not be so diluted because it is still flying under the radar.

So what is ether.fi and why should you stake your ETH here? In a nutshell, ether.fi is a decentralized protocol that converts your ETH to eETH, restaking your ETH under the hood via Eigenlayer so you don’t have to. Otherwise, it is completely redeemable for ETH at any time via their app.

During this season for airdrop farming, Eigenlayer airdrop farming is perhaps one of the most popular strategies. However, using ether.fi to farm for Eigenlayer airdrop adds to your yield because you also get ether.fi points for a potential airdrop there. This is not a crowded trade, as not many are aware of ether.fi yet. It is also incredible easy to use, and a single transaction gets you to stake and get eETH in your wallet for both Eigenlayer and ether.fi points.

You can learn more about etherfi via their docs, or do to their app to restake ETH to get eETH.

Bonus: After getting your eETH per above steps, you can use it to buy “YT-eETH-ETH” token via pendle. This will get you 2x the ether.fi points and all the eigenlayer points at around 10% of the price as of this writing (on 15 Jan 2023). Note that this is a high risk strategy – in effect, you are using the yield part of this pendle pool to leverage your money on the airdrop. The actual token itself has a return of -99% right now, which means it is almost worthless post-airdrop. Do your own research on this one. This is not a straightforward strategy, but potentially lucrative because you can 10x your bet on the value of these points, both ether.fi as well as eigenlayer. But do understand that you are also guaranteeing a return of -99% when this expires, so all your money is going towards the points.

Nov 222023
 

This is a guide on how to farm for BLAST token before its launch.

What is Blast Token and Blast L2 blockchain?

Blast is a blockchain with a token BLAST, which is a layer 2 (L2) on Ethereum. It is created by the same team as Blur, which was notorious in attracting NFT liquidity from the dominant leader OpenSea via smart token drops for trading, listing, and lending. Today, Blur is the top NFT marketplace based on volume, leaving OpenSea in dust (which has >95% share when Blur launched).

Therefore, there is a lot of excitement around the Blast blockchain as an L2 on Ethereum. BLAST, a crypto token, will be the native blockchain token of this chain, and is being airdropped to everyone who joins and participates in the network.

There is also a lot of interest because the Blast team really knows how to gamify the whole points experience – something they perfected during the Blur days. You get points based on the “squad” that you join, i.e. who referred you. Then, you get more points if you lock up more ETH now, which will be bridged to their L2 when it launches. For all these reasons, Blast has really taken crypto twitter by storm over the last few days.

How to Farm for BLAST Token from Blast blockchain

To farm BLAST, first you will need an Ethereum wallet and also a Twitter account and a Discord account (unfortunately). Note that the BLAST token is not yet live. Therefore, all you will get are points, which will convert into tokens once the network launches. You get more points the more ETH you bridge and based on whose invite code you joined.

Step-1: Go to this link or use an invite code (latest working: 43D8X). Sometimes the link doesn’t work properly on the website, so you’ll need to enter your invite code manually. If this doesn’t work, then try these below (updated 1/1/2024):

Note that due to the way this is setup, the more ETH that is in the “squad”, the more points you get. For all the above, we have already made sure to start with 1 ETH in the squad as a thank you to our readers and for using our referral code and supporting our publication.

Step-2: Connect your Twitter account. Note that they will automatically follow the official twitter account of Blast.

Step-3: Connect your Discord account. They will join the discord group for you.

Step-4: Connect your ETH wallet.

If you had any Blur points over the last 2 seasons buying, selling, bidding, or lending/borrowing against NFTs, then you can get Blast points as soon as you bridge any amount of ETH.

More Incentives

The Blast network has a bunch of more incentives. For example, if you’re active each week, you get more Blast points. The way to do this is via a “spin” mechanism where you spin a wheel to determine how many points you get. These types of incentive mechanisms are becoming common in the SocialFi space and Blast has taken them to the next level.

They also plan to use all the ETH collected and farm for yield in Maker and Lido. While this entails taking on additional contract and regulatory risk, the Blast team believes users will like that extra yield. Hopefully nothing goes wrong with this strategy until launch when the ETH can be unlocked by the users themselves.

Blast Network Launch

The Blast network is not live yet. It is simply a multisig vault on the Ethereum mainnet which collects your ETH. The Blast network is expected to launch in February 2024. Right now, they are simply “collecting TVL” and using it to farm basic DeFi stuff on Maker and Lido. However, the current TVL has already exceeded $100 million. Yes, welcome to crypto.

The launch is completely gamified similar to Blur. You get chances to spin for additional points, additional chances if you Tweet about them, and referral rewards. The Blur team, which is behind Blast, know how to gamify things. That’s how they were able to steal the crown from OpenSea.

Once you join, share your Blast invite code in the comments below, so others can join in a referral chain if they wish. Also mention how much ETH you have bridged, so readers know the squad they will join.