Popular Airdrop New Paradigm Participation Guide
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Popular Airdrop New Paradigm Participation Guide
New Paradigm is a liquidity incentive initiative launched by the Manta public chain for the Manta ecosystem.
Navigating Web3 tides with focused insightsAuthor: Crush, Core Contributor of Biteye
Editor: Crush, Core Contributor of Biteye
New Paradigm is a liquidity incentive campaign launched by Manta Network within its ecosystem, similar to Blast—a liquidity staking initiative recently introduced by Blur—where users can stake funds to receive future token airdrops.
(Note: Manta Network is the first Ethereum L2 built on Celestia.)
Compared to Blast, New Paradigm offers richer ecosystem projects and a shorter payback period, with users potentially receiving token airdrops as early as January 2024.
Additionally, Manta Network has secured $60 million in funding from top-tier institutions such as Binance Labs and Polychain Capital, achieving a $500 million valuation in the primary market.
01 Expected Rewards
The expected rewards for this campaign include the following components:
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After bridging ETH or USDC into the Manta ecosystem, users earn approximately 5% interest continuously, even if the assets remain idle—similar to Blast;
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Stake assets to participate in the campaign and receive future token airdrops;
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Interact with projects within the Manta ecosystem (e.g., Dex, lending, providing LP) to gain potential airdrop opportunities from individual projects;
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Use the Stone and wUSDM received from staking ETH/USDC to engage with Manta ecosystem projects such as lending platforms to earn additional yields provided by these projects.
02 Gameplay Overview
Basic Mechanics
Total Reward: 3% (base reward) + 2% (bonus reward) + 1.5% (ecosystem reward) = 6.5%
Users stake ETH or USDC to receive blind box fragments as rewards. These fragments can be exchanged for blind boxes, which can then be opened to obtain NFTs redeemable for future token airdrops.
Initial Reward
High-quality users receive different amounts of blind box fragments as initial rewards based on their personal scores.
If an initial reward exists and the user wishes to claim it, they must deposit 0.25 ETH or an equivalent amount of USDC to activate their wallet and receive an invite code.
If no initial reward exists, a minimum deposit of 0.01 ETH or equivalent USDC is required to activate the wallet and receive an invite code.
Reward Calculation
For every 1 ETH staked, users receive 25 blind box fragments every 7 days. 25 fragments can be combined into one blind box, and one blind box yields one NFT.
Note: Unlike Blast, this campaign has a short duration, with deposits ending in January. Users with small deposits relying on extended timelines to accumulate enough fragments for a single NFT have limited chances.
Referral System
After the first deposit, users receive 8 invite codes. Inviters and invitees form a group. When the group’s total deposit reaches 5 ETH, they receive 5 additional invite codes; at 20 ETH, they receive 1 permanent invite code.
Inviters receive two-tier referral rewards: 16% from direct referrals and 8% from second-level referrals. For example, if A invites B and B invites C, A receives 16% of B’s deposit and 8% of C’s deposit, encouraging broader participation.
Acceleration & Efficiency Bonus
Users making large initial deposits may experience reduced 7-day waiting periods or instantly receive their first week’s fragment reward. However, this acceleration benefit applies only once.
The more funds a group stakes collectively, the higher the bonus fragments earned per cycle.
Bonus Rewards
The default 3% reward is distributed among holders of six types of NFTs. To qualify for the additional 2%, users can combine these six NFTs into one ultra-rare NFT, whose holder receives a 2% token allocation.
The six NFTs can either be obtained through participating in the blind box draws or purchased/traded on the open market.
Additionally, users who interact with Manta ecosystem projects (Dex, lending, LP provision, etc.) are eligible for a 1.5% token reward. See the link below for a list of Manta ecosystem projects.
https://manta.network/ecosystem.html
Key Dates
As early as January 2024, users can exchange their NFTs for token rewards;
69 days after claiming token rewards, users can unlock and withdraw their staked ETH and USDC from the Manta ecosystem.
03 Step-by-Step Guide
https://newparadigm.manta.network/?inviteCode=LGDCE
Joining the Campaign
Use the above Biteye referral link to access the campaign page and join the Biteye group to receive exclusive bonuses:
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Half of the referral rewards go to group members
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25%-50% of the 25,871 $Manta grant awarded to Biteye will be distributed to group members as incentives
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More benefits coming soon
Click "Join Now" on the campaign page to begin.
Link your Twitter account, connect your wallet, and confirm your initial reward status.
Activating Initial Reward
If an initial reward is available, you’ll see a congratulatory message—simply deposit the required funds to activate it.
If no initial reward is available, you’ll see a prompt suggesting switching wallets and trying again.
Funds are transferred from the Ethereum mainnet to the Manta network—be mindful of gas fees during this process.
Deposited ETH becomes Stone, and deposited USDC becomes wUSDM. If you lack gas for further interactions, consider using a third-party bridge to enter the Manta network more cost-effectively.
Note: To participate in the campaign and earn blind box fragments, deposits must be made through the campaign page. However, for subsequent gas needs within the Manta ecosystem, third-party bridges can be used.
For low-cost gas transfers, use the Mini Bridge link below, which offers the lowest fees.
https://minibridge.chaineye.tools/
Campaign Dashboard Overview
In this example, since less than 1 ETH was deposited (only 0.27 ETH), the standard 7-day cycle is extended to (1 / 0.27) × 7 = 25.9 days—approximately 25 days and 22 hours per cycle.
This means users earn 6 fragments per week and can combine them into a blind box after about 26 days.
As mentioned earlier, very small deposits may not accumulate enough fragments before the campaign ends. Below, we introduce aggressive strategies to help small-capital users accelerate progress—albeit with higher risk. Choose according to your own risk tolerance.
Strategy Overview
Conservative Strategy (Buy Stone + Provide LP + Lend)
After depositing ETH, many users may sell their Stone tokens to free up capital for more aggressive moves. This causes Stone to temporarily decouple from ETH. However, as assets become unlockable in the future, Stone's price is likely to gradually converge back toward 1 ETH. We can buy Stone at a discount and hold until the price stabilizes.
(https://dexscreener.com/manta/0x02b25ffb7269fc167f8959de9a1bcd4213c06aaf)
As shown above, Stone is currently trading at only 0.89 ETH. Buy now and wait for the price to return to 1 ETH.
Meanwhile, after depositing ETH, users can use their Stone tokens to provide liquidity on Quickswap for fee earnings, or deposit funds into the lending platform Layerbank to earn lending yields plus Manta’s additional 1.5% ecosystem reward.
(https://quickswap.exchange)
(https://manta.layerbank.finance/)
Aggressive Strategy (Sell Stone, Re-deposit ETH)
Sell Stone directly for ETH on Quickswap, bridge the ETH out, then re-deposit it to earn more blind box fragments with limited capital.
However, note that continuous selling of Stone has already caused nearly 11% depreciation. If you believe future airdrops won't offset this loss, this strategy is not recommended.
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