Cryptocurrency airdrops have made a strong comeback in 2024, offering an unparalleled return on investment. In fact, they may very well be the best investment opportunity currently available in the entire world.
The concept of airdrop farming has gained popularity, with on-chain users like me and you striving to grab as much of the supply as we can. This new ecosystem of airdrops is not without its controversy, and today, we will explore the most promising one.
Enter Blast, an EVM-compatible optimistic rollup that stands out from other Ethereum Layer 2 solutions. What sets Blast apart is its native yields for Ethereum and stable coins. By simply holding your balance on Blast, your assets will automatically compound. Currently, the Blast Bridge holds nearly $2 billion in deposits, eagerly awaiting these native yields.
The question arises, where do these yields come from? There are two sources: ETH staking and RWA protocols. Eth staking yields are seamlessly passed on to Blast users, earning them around 4%. As for stable coins, the RWA protocols generate a 5% yield, and users receive USDB. Notably, the yield from USDB comes from Maker DAO’s on-chain treasury bill protocol, adding a layer of safety and regulation to this particular yield generation.
The team behind Blast knows that everyone loves yield, and they have cleverly intertwined points into their ecosystem. Points will then be converted into money, attracting influencers vying for these rewards. Additionally, Blast has a reputation for airdrops, having distributed nearly $1 billion worth of tokens last year. The founder’s other venture, Blur, is one of the largest NFT marketplaces, further bolstering the credibility of Blast.
However, controversy follows disruption. Some developers claim that Blast is merely a fork of the optimism code, with slight alterations to the license and functionality. Yet, it is crucial to remain attentive until the end of this article because you might be one of the lucky recipients of the next billion-dollar airdrop from Blast.
Moreover, it is essential to note that these are all testnet farming opportunities and strategies, meaning the risk is close to zero. All that is required is your time and dedication. It would be crazy not to participate, particularly if you have limited capital.
So let’s dive into the airdrops. First, you need to add the Blast Testnet Sapio Network to your wallet to receive the testnet tokens. This step may qualify you for an airdrop. Next, explore BlastWay, a non-custodial money market protocol where you can earn, lend, and borrow. By completing tasks such as following Blast on Twitter, liking and retweeting their content, and joining their Discord, you can earn more money.
Then, there’s BlastSwap, a platform designed for easy token trading, earning, and launching on Blast. Connect your wallet, complete the verification process, and obtain your airdrop tokens. Additionally, the Blast Penguin NFT Community offers a straightforward airdrop. Complete the designated social tasks and mint your NFT.
Another intriguing opportunity is Spark Finance, a perpetual DEX on Blast. Connect your wallet, claim your NFT by following the instructions, and qualify for yet another airdrop. Protocol Ring, a decentralized exchange, presents another exciting airdrop. Swap your ETH for USDC, provide liquidity by depositing your E USDC tokens, and receive your airdrop.
Blast Zone, a launchpad and yield aggregator, offers an airdrop as well. By staking your ETH and contributing to the FyETH pool, you’ll be eligible for another airdrop from this impressive protocol. Last but not least, we have Seen Futures D5, a decentralized derivatives protocol. Join the Galaxy, complete the social tasks, and qualify for your final airdrop.
I hope you’ve enjoyed this article and found value in the opportunities I’ve shared. Remember, these airdrop farming strategies carry minimal risk, requiring only your time and dedication. So seize the moment and participate in these testnet opportunities. I look forward to sharing more alpha with you in the future.