Airdrops are BACK - Big Week for Token Claims

1. Layer Zero Airdrop Alpha Announcement
2. Review and Overview of Airdrop Qualification
3. Phase 2 of Season 1 Igen Token Claims Live
4. Saga Vault 2 Staking Rewards
5. Event Updates and Forward-Looking Statements
6. Uncapped Epoch 4 in Mitosis Airdrop Farm
7. Tao Week 2 Challenge and Multi-Bridge Airdrops
8. Zeta Markets Teaser and Jup Token Staking Update
9. Renzo Update and Withdrawals
10. Mode Season 2 Airdrop and Point Changes
11. Mystico Network XZK Airdrop Checker and Caldera Crusade Update
12. FAQ

Layer Zero Airdrop Alpha Announcement

I have a massive amount of airdrop Alpha for you, so let's not waste any time and start off with the biggest piece of news, which is that the layer zero or the zero token Checker is now live. So you can visit this link, check your eligibility, and see exactly where you're getting tokens from. The way that this one works is they've broken it down into layer zero core, which is the fees that you pay to bridge on layer zero protocol that scaled linearly to get a token allocation. Then there's all of these RFP token allocations that you can get as well for doing things like interacting with specific apps, providing liquidity, bridging specific assets like Ether, F E E, and a bunch of other things.

Review and Overview of Airdrop Qualification

So, between all of this, I qualified with 462.11 CFP. When you go to actually claim your tokens tomorrow, June 20th, you might actually have a larger allocation than what it originally said. So what is my take on this airdrop? Well, overall, I would say that honestly, I don't have any major complaints. I've seen a lot of people suggesting on Twitter that given the amount of time and energy people put into farming this one, it seemed a little bit stingy. But to be honest, overall, between the multiple wallets that I got that qualified for this and given the pre-market trading prices of this, I would say it's going to be a pretty decent airdrop. The funny thing is, and I saw someone posted this on Twitter, was that if you spent the same money that you spent farming Layer Zero on Wormhole instead, you would have gotten an insanely larger amount in terms of the airdrop. But honestly, it is what it is. That's part of the game. And they have held back a pretty sizable allocation of tokens for future seasons to keep people using the bridge and interacting with Layer Zero protocol. So we will see what happens tomorrow when this thing goes live, and congratulations to everybody that qualified. I got a bunch of messages from people saying that they qualified due to some of my videos, and specifically some people are saying that some of the apps they use, like gas. Zip, help them get a massive allocation. So here you can see I used gas. Zip quite a bit, and it got me almost 56 or 55.42 tokens just from that one app.

Phase 2 of Season 1 Igen Token Claims Live

Alright, moving on, we've got another big piece of news, which is that phase two of the Season 1 igen token claims are live. So this is for people that had staked or restaked ETH with igen layer via complex protocols like Pendle, for example. But the thing that I want to highlight here is that this is still only prior to March 15th. So the snapshot for this was March 15th. If you go to the igen layer claim page, you'll see that there's a claim Phase 2 button down here, and if you qualify, it will show you how many additional tokens you're getting. So with this wallet, I'm getting 6.5 additional tokens. This is valued in the pre-market somewhere around $10, however, so still not a terrible amount. But yeah, this only includes points farmed on complex DeFi protocols like Pendle prior to March 15th. So that was actually a long time ago. You're currently still farming season two if you're still staking with igen layer or doing a bunch of stuff with Pendle. And so yeah, I think a lot of people actually didn't even start getting into this until around the mid-March point, maybe even late March.

Saga Vault 2 Staking Rewards

Another token that you can claim right now is for Saga Vault 2. So if you continued staking your Saga tokens, then you can claim your rewards for doing so right here. I actually had unstaked and sold mine as of the last airdrop.

Event Updates and Forward-Looking Statements

Alright, let's move now to forward-looking things. For starters, tomorrow, Linea Park LXP is finally going to be dropping. They released a little blog post here about why it's taking so long. They're trying to address the civil situation. But the TLDR is that we're getting LXP from Linea Park tomorrow, finally. Then the other piece of news on Linea is that one month has passed. So that means we're now in Volt 2 or month 2 of their airdrop campaign. And remember, this one is going for either 6 months or until they hit 3 billion in TVL, whichever comes first. But each progressive volt, the amount of points or LSPL that you earn for providing liquidity and doing the different stuff here goes down over time. So Volt 1 was the best one to be in. If you haven't even started farming it yet, there's still a chance to get in because we're still only in Volt 2. But as we get closer and closer to the end of this, it's going to be progressively less useful and the marginal benefit to adding liquidity is going to be lower and lower.

Uncapped Epoch 4 in Mitosis Airdrop Farm

Alright, another airdrop farm that I'm pretty bullish on right now is Mitosis. They just opened Epoch 4, which is finally uncapped. All of the previous epochs had a deposit or a TVL cap after which you couldn't actually get in. So if you had, for some reason, missed all of those previous deposit chances, you can deposit unlimited on these networks that are highlighted. And the gro ones, unfortunately, you can't do right now. But honestly, the best targets out of all of these are probably Linea, and then second, I would say, mode, and then Blast, maybe third, because their airdrop is coming on June 26, and mode is still having a second round of their airdrop, even though the mode token itself is cursed. So yeah, I've got a few ETH in this across a couple of wallets, and I think that this one is probably going to cook okay.

Tao Week 2 Challenge and Multi-Bridge Airdrops

Next up, if you are farming the Tao mainnet airdrop, they just launched the Week 2 challenge, and you have to complete at least one bridge transaction to Tao in order to qualify and mint the little faction badge. So you can access those badges here in the faction badge section. And then each week, if you complete the required thing, whatever the challenge is, then you can actually get that badge. But also the points that you get are different. So this week, they're actually incentivizing bridging, and you get some pretty sizable amounts of points for actually making those bridge transactions. And I do believe that the more you bridge, the more you get. People in my Discord have actively been going through all of the best possible ways to max qualify for this. I personally have not been pushing buttons and ranking up for this because I've been chilling on a beach in Aruba. But if you want to hop in the Discord and join that conversation, there's tons of strategies on how you can actually max qualify for this, and some things are definitely better than others.

Zeta Markets Teaser and Jup Token Staking Update

Speaking of tokenomics, Ironclad Finance dropped a Twitter thread going through exactly how the airdrop is going to work. And it's a little bit different and more complex to how some of the more standard airdrops have worked. Aside from the fact that they're only dropping to the top 888 on the leaderboard, they're dropping an OIC token which appears to be kind of like an option to purchase the actual Liquid ICL token at a specific price. But if you hold the O token over time, then you get to share in a greater portion of the fees earned from the platform. And then the other important thing is that there's going to be a vesting schedule. So only 50% of the token is going to drop immediately, and then there's going to be 25% one month later, and then another 25% another month after that.

Renzo Update and Withdrawals

Let's move now to talk about Renzo because this is one of the biggest LRTs, Liquid Restake tokens, actually the second largest after Etherf. And there's a couple important pieces of information that came to light. So for starters, they raised a bunch of money, $17 million, which is definitely bullish for the future of the res token. But the other thing that's definitely bullish is that they finally enabled withdrawals. So this means that the peg from ETH and EZ-E should return to the actual one-to-one part. Well, it's not quite actually back to where it should be. It's probably about 1.5% still short of that. And the reason for that, I believe, is because there is a three-day withdrawal period on EZ-MAYATE when you want to actually unstake your EZ-ETH. And this literally just went live. So I think that in three days' time, people will probably have started to arbitrage this opportunity, and then we'll actually see that peg close. So that is definitely bullish for people that are still holding onto EZ-E, which I partially am because I was using it to farm airdrops anyways. And also, I didn't want to take a massive haircut by selling it at like a 4% discount.

Mode Season 2 Airdrop and Point Changes

Alright, moving now to the Mode ecosystem and Season 2 of their airdrop. So they've changed the way that you earn points a little bit. Previously, the best way to actually earn points and rank up for this airdrop was to hold assets and to use those assets in DeFi. But now, they've really jacked up the amount of points that you can get from activity on the network. And there's 5 million points every single day based on transaction volumes across these specific protocols. So if you are still farming Season 2 of the Mode airdrop, this is now a way that you can move up the leaderboard. And this is a way that people with smaller stakes can do better than, let's say, whales that are probably a little bit more lazy when it comes to farming and just want to park their money somewhere and rack up the points or the yields.

Mystico Network XZK Airdrop Checker and Caldera Crusade Update

Two more quick pieces of alpha. We got the Mystico network, which is dropping the XZK airdrop checker. So you can check and see how many points you're getting based on all of the activities you've previously completed. So I'll leave that down below. And then the final thing is that Week 8, or the last week of the Caldera Crusade campaign thing, is finally here. So this looks like it will be the last one that you have to do. Collect this one final Oat, and then you will be done with this. So that is it for today's alpha. Hopefully you found this helpful as always. And I will be back tomorrow with more news on how the Layer Zero...

FAQ

Q: What is the Layer Zero Airdrop Alpha Announcement about?
A: The Layer Zero Airdrop Alpha Announcement is about the live initiation of the layer zero or zero token Checker, where individuals can check their eligibility and token allocations related to layer zero.
Q: What can one expect from the Review and Overview of Airdrop Qualification?
A: The Review and Overview of Airdrop Qualification provides insights into the qualification criteria, potential token allocations, and overall positive outlook on the airdrop.
Q: What is Phase 2 of Season 1 Igen Token Claims about?
A: Phase 2 of Season 1 Igen Token Claims involves staking or restaking ETH via complex protocols like Pendle before March 15th to qualify for additional token rewards.
Q: How do Saga Vault 2 Staking Rewards work?
A: Saga Vault 2 Staking Rewards allow individuals staking Saga tokens to claim their rewards, though it mentions the author had sold their tokens before the last airdrop.
Q: What updates are mentioned in the section Event Updates and Forward-Looking Statements?
A: Event Updates and Forward-Looking Statements discuss the upcoming release of Linea Park LXP, progression to Volt 2, and depleting benefits of adding liquidity in subsequent vaults.
Q: What is mentioned about the Uncapped Epoch 4 in Mitosis Airdrop Farm?
A: The Uncapped Epoch 4 in Mitosis Airdrop Farm marks the opening of an uncapped epoch for token deposits, highlighting preferred network targets and potential for positive returns.
Q: What is the Tao Week 2 Challenge and Multi-Bridge Airdrops about?
A: The Tao Week 2 Challenge and Multi-Bridge Airdrops detail the completion requirements for the Week 2 challenge related to bridging transactions on the Tao mainnet and the related incentives.
Q: What is the Zeta Markets Teaser and Jup Token Staking Update about?
A: The Zeta Markets Teaser and Jup Token Staking Update discusses the unique tokenomic structure of the Ironclad Finance airdrop, including details on options, fee sharing, and vesting.
Q: What information is provided in the Renzo Update and Withdrawals section?
A: The Renzo Update and Withdrawals section covers the significant fundraising by Renzo, the enabling of withdrawals for EZ-ETH, and expectations on peg normalization through arbitrage opportunities.
Q: What are the updates in Mode Season 2 Airdrop and Point Changes?
A: Mode Season 2 Airdrop and Point Changes outline the altered points earning mechanism in Season 2, emphasizing transaction volumes as a source of points and providing opportunities for smaller stakeholders.
Q: What are Mystico Network XZK Airdrop Checker and Caldera Crusade Update?
A: Mystico Network XZK Airdrop Checker provides a tool for checking XZK points, while Caldera Crusade Update marks the completion of the final week of the campaign.