First off, some of these airdrops are life-changing.
$250 invested in $JUNO in Dec could’ve been worth $45k+ two months later.
That’s the power of $NETA.
I missed this one, and it still hurts.
F in chat, pls.
2/x
$250 invested in $JUNO in Dec could’ve been worth $45k+ two months later.
That’s the power of $NETA.
I missed this one, and it still hurts.
F in chat, pls.
2/x
So what do you do?
What do you stake?
What do you LP?
Well, the top two coins for airdrops are $JUNO and $ATOM.
Then, $OSMO.
A bit after that $SCRT.
3/x
What do you stake?
What do you LP?
Well, the top two coins for airdrops are $JUNO and $ATOM.
Then, $OSMO.
A bit after that $SCRT.
3/x
I would personally stake $JUNO before $ATOM since airdrops are pretty even, but you also get much higher APR.
After $ATOM, I’d do $OSMO.
Only then would I do $SCRT.
4/x
After $ATOM, I’d do $OSMO.
Only then would I do $SCRT.
4/x
How many should you stake?
We’ve seen airdrops that reward regardless of size if you meet a minimum (e.g., $STARS, $NETA).
We’ve see ones that have a minimum but reward based on size (e.g., $NOM, $BTSG).
In both scenarios, you’re excluded if you don’t meet the minimum.
5/x
We’ve seen airdrops that reward regardless of size if you meet a minimum (e.g., $STARS, $NETA).
We’ve see ones that have a minimum but reward based on size (e.g., $NOM, $BTSG).
In both scenarios, you’re excluded if you don’t meet the minimum.
5/x
For ones that reward equally, you can literally change your life just by paying attention.
Remember $NETA?
Massive rewards came from voting on governance.
We’ll come back to that later.
6/x
Remember $NETA?
Massive rewards came from voting on governance.
We’ll come back to that later.
6/x
So how many coins should you stake?
At a minimum, I’d do the following:
$JUNO: 10
$ATOM: 10
$OSMO: 30
$SCRT: 30
In that order.
In other words, I wouldn’t buy into the coins evenly.
Stake your 10 $JUNO before moving on to $ATOM and so on.
7/x
At a minimum, I’d do the following:
$JUNO: 10
$ATOM: 10
$OSMO: 30
$SCRT: 30
In that order.
In other words, I wouldn’t buy into the coins evenly.
Stake your 10 $JUNO before moving on to $ATOM and so on.
7/x
These amounts will make you eligible for most upcoming airdrops, but what if you you want them all?
Should you stake a larger bag of $JUNO before moving on to the next coin?
Or should you get a smaller bag of each first?
8/x
Should you stake a larger bag of $JUNO before moving on to the next coin?
Or should you get a smaller bag of each first?
8/x
I would likely get a small bag of $ATOM before completely filling my $JUNO.
But I’d completely fill my $JUNO and $ATOM bags before getting even a small bag of $OSMO and $SCRT.
What do I consider a full bag?
9/x
But I’d completely fill my $JUNO and $ATOM bags before getting even a small bag of $OSMO and $SCRT.
What do I consider a full bag?
9/x
$JUNO: 20
$ATOM: 20
$OSMO: 50
$SCRT: 50
I don’t have an exact science for these numbers, it’s more based on gut feeling.
Though, I’d consider even more $JUNO to be safe, in case someone wants to one-up $NETA in the future.
10/x
$ATOM: 20
$OSMO: 50
$SCRT: 50
I don’t have an exact science for these numbers, it’s more based on gut feeling.
Though, I’d consider even more $JUNO to be safe, in case someone wants to one-up $NETA in the future.
10/x
Will someone one-up $NETA, though?
$MARBLE recently announced a similar airdrop requiring 20 $JUNO.
With the price of $JUNO rising, I’d be surprised if anyone even matches $NETA in the future.
$MARBLE, like $NETA, focused on governance.
I think that’s a great approach.
11/x
$MARBLE recently announced a similar airdrop requiring 20 $JUNO.
With the price of $JUNO rising, I’d be surprised if anyone even matches $NETA in the future.
$MARBLE, like $NETA, focused on governance.
I think that’s a great approach.
11/x
How do you discourage people from gaming airdrops?
Make it difficult.
If you have the funds, it’s easy to manually fill a bunch of wallets.
It’s less easy to manually vote on each governance proposal.
12/x
Make it difficult.
If you have the funds, it’s easy to manually fill a bunch of wallets.
It’s less easy to manually vote on each governance proposal.
12/x
What if future airdrops don’t just take a snapshot but also require recent participation in governance?
Let me emphasize RECENT.
I don’t like how $NETA and $MARBLE vastly rewarded participating in EVERY proposal.
13/x
Let me emphasize RECENT.
I don’t like how $NETA and $MARBLE vastly rewarded participating in EVERY proposal.
13/x
Should people who just joined the ecosystem be penalized?
Balance in this area would incentivize new entrants and make them feel included.
Speaking of governance, MAKE SURE YOU VOTE!
14/x
Balance in this area would incentivize new entrants and make them feel included.
Speaking of governance, MAKE SURE YOU VOTE!
14/x
Taking a few minutes to exercise this fundamental right can potentially score you thousands of dollars in free money.
Just ask the people who got 15 extra $NETA just for clicking a few buttons.
15/x
Just ask the people who got 15 extra $NETA just for clicking a few buttons.
15/x
Let’s recap so far:
Stake 10 $JUNO.
Stake 10 $ATOM.
Stake another 10 $JUNO.
Stake another 10 $ATOM.
Then stake your $OSMO and $SCRT.
Vote on governance.
16/x
Stake 10 $JUNO.
Stake 10 $ATOM.
Stake another 10 $JUNO.
Stake another 10 $ATOM.
Then stake your $OSMO and $SCRT.
Vote on governance.
16/x
What if a project tries to be cute and requires non-round numbers?
$NOM required 1.5 $ATOM.
Not a bad idea to top off your staking bags with a little more coins just in case.
17/x
$NOM required 1.5 $ATOM.
Not a bad idea to top off your staking bags with a little more coins just in case.
17/x
I actually think most projects will move away from the “fair” drop mechanic.
Many do it in order to fight whale centralization.
I don’t think that’s the best tokenomics approach.
It’s great to help people with small portfolios build quick wealth, but is it ideal?
18/x
Many do it in order to fight whale centralization.
I don’t think that’s the best tokenomics approach.
It’s great to help people with small portfolios build quick wealth, but is it ideal?
18/x
Put differently, is that mechanic in the best interest of the project?
Doesn’t it incentivize smaller $JUNO and $ATOM stakers to sell quickly?
If my portfolio is worth $500 and I get a $2,000 airdrop, am I really gonna hold?
19/x
Doesn’t it incentivize smaller $JUNO and $ATOM stakers to sell quickly?
If my portfolio is worth $500 and I get a $2,000 airdrop, am I really gonna hold?
19/x
At a minimum, I’d sell to buy more $JUNO or another blue chip project.
We saw this immediately after the $STARS airdrop, when price dipped nearly 50% in a day.
20/x
We saw this immediately after the $STARS airdrop, when price dipped nearly 50% in a day.
20/x
Before you point out that $NETA pumped, it did dump first and it was also the most hyped airdrop since $JUNO.
And recently, it’s had trouble sustaining upward momentum, I’d guess because people are taking profits at any opportunity.
And could you blame them?
21/x
And recently, it’s had trouble sustaining upward momentum, I’d guess because people are taking profits at any opportunity.
And could you blame them?
21/x
Before we get to airdrops from LP’ing, I want to touch on validator selection.
Who should you delegate to when staking?
First off, don’t delegate to a 0% commission validator.
Many airdrops will exclude you based on that alone.
22/x
Who should you delegate to when staking?
First off, don’t delegate to a 0% commission validator.
Many airdrops will exclude you based on that alone.
22/x
Second, if you know a good validator outside the top-50, or at least the top-20, go with them.
We’ve seen bonuses for doing so with $MARBLE and $NETA and I won’t be surprised if we see more.
23/x
We’ve seen bonuses for doing so with $MARBLE and $NETA and I won’t be surprised if we see more.
23/x
Third, consider validators that are offering airdrops to their delegators.
Some might be gimmicky, but others might be worth a lot as we saw with $HUAHUA.
24/x
Some might be gimmicky, but others might be worth a lot as we saw with $HUAHUA.
24/x
Ok, so we covered the staking aspect of airdrops.
What about LP’ing?
There’s @osmosiszone and @junoswapdex.
Some pools are more likely to get airdrops than others.
25/x
What about LP’ing?
There’s @osmosiszone and @junoswapdex.
Some pools are more likely to get airdrops than others.
25/x
On Osmosis, the best option is $OSMO / $ATOM.
I’d also favor $OSMO / $UST.
On Juno Swap, it’s $JUNO / $ATOM.
Then $JUNO / $RAW and $JUNO / $UST.
26/x
I’d also favor $OSMO / $UST.
On Juno Swap, it’s $JUNO / $ATOM.
Then $JUNO / $RAW and $JUNO / $UST.
26/x
I’ve seen some airdrops limit LP eligibility to certain pools, and those five are probably the safest.
But I’d also be pretty confident in any pool that’s a combination of the big-5 ($ATOM, $OSMO, $JUNO, $UST, $RAW).
This is assuming LP’ers are included at all.
27/x
But I’d also be pretty confident in any pool that’s a combination of the big-5 ($ATOM, $OSMO, $JUNO, $UST, $RAW).
This is assuming LP’ers are included at all.
27/x
LP’ers are sometimes excluded from airdrops.
$RAW was notable in that it not only included LP’ers but emphasized them.
That’s not too surprising, though, as $RAW is the Juno Swap governance token.
28/x
$RAW was notable in that it not only included LP’ers but emphasized them.
That’s not too surprising, though, as $RAW is the Juno Swap governance token.
28/x
How many coins should you LP?
I honestly don’t know.
I’d look to the $HANSUM requirement of $150 as a reference point, but ymmv.
29/x
I honestly don’t know.
I’d look to the $HANSUM requirement of $150 as a reference point, but ymmv.
29/x
With all of this in mind, airdrops are not the only way to make it in the #cosmos ecosystem.
Staking and LP rewards have been astronomical and shouldn’t be overlooked.
Here’s a thread on how to stake and LP:
30/x
Staking and LP rewards have been astronomical and shouldn’t be overlooked.
Here’s a thread on how to stake and LP:
30/x
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