Sui Hits New High: 7 Projects in Sui Ecosystem That May Airdrop
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Sui Hits New High: 7 Projects in Sui Ecosystem That May Airdrop
This article reviews 7 promising protocols and their interaction strategies.
Navigating Web3 tides with focused insightsAuthor: Xremlin
Translation: Felix, PANews
In the crypto space, the key to earning your first $10,000 or $100,000 through airdrops lies in early positioning. Sui is an innovative, decentralized Layer 1 blockchain that leverages parallel processing to enable fast and efficient transactions. Additionally, Sui uses the Move programming language to simplify smart contract development on its platform.
Market data shows that SUI briefly surpassed $1.4 today, reaching a high of $1.4336, marking a 24-hour gain of 10.51%. Beyond strong token performance, Sui's ecosystem TVL has surged over recent months, indicating growing interest from users and developers. Currently, several protocols within the Sui ecosystem do not yet have tokens. Given Sui’s strong potential for continued adoption and growth, now presents an excellent opportunity for early engagement.
Crypto researcher Xremlin has identified seven promising protocols and interaction strategies. Notably, many of these protocols involve providing liquidity. Therefore, ensure you allocate at least 100 SUI in each protocol.
Note: This article aims to provide market information only and does not constitute investment advice. Please DYOR.
Haedal Protocol
A liquid staking protocol built on Sui that allows users to stake their SUI to contribute to Sui blockchain governance and decentralization. It has been confirmed that the protocol will issue a token.
To stake SUI, follow these steps:
1) Open https://haedal.xyz/stake;
2) Connect your wallet;
3) Enter the amount of SUI;
4) Click “Stake SUI”;
5) Receive your haSUI tokens.
Volo
Volo is a liquid staking solution built on Sui designed to maximize utility and liquidity of SUI tokens. It has been confirmed that the project will issue a token.
To stake SUI, follow these steps:
1) Open https://stake.volo.fi
2) Connect your wallet
3) Enter the amount of SUI
4) Click “Stake”
5) Receive vSUI tokens
Note: You can use the tokens received from liquid staking protocols in the DeFi projects listed below. This enables you to interact with multiple protocols simultaneously, increasing chances for multiple airdrops.
Scallop
Scallop is a lending protocol on Sui and the first DeFi protocol to receive official funding from the Sui Foundation. The second phase of the "Scallop Airdrop Event" is currently underway.
Follow these steps to participate:
1) Open https://app.scallop.io
2) Connect your wallet
3) Supply tokens
4) Borrow tokens
5) Complete tasks:
https://zealy.io/c/scallopio/questboard
NAVI Protocol
NAVI Protocol is a lending protocol based on Sui, allowing liquidity providers and borrowers to participate in the Sui ecosystem. The protocol features a points system that may generate NAVI tokens.
To earn points, follow these steps:
1) Open https://app.naviprotocol.io
2) Connect your wallet
3) Supply tokens
4) Borrow tokens
5) Complete tasks:
https://zealy.io/c/naviprotocol/questboard
BlueFin
The fastest decentralized perpetuals protocol in the Sui ecosystem. The project has successfully raised a total of $29.2 million, with participation from institutions such as Polychain.
BLUE token pre-farming is now available. Follow these steps:
1) Open https://bluefin.io
2) Click “Trade Now”
3) Start trading on the platform
4) Invite friends
Additionally, you can apply for the “Bluefin Vanguard Ambassador Program” via this form:
https://bluefinfoundation.typeform.com/bluefinvanguard?typeform-source=t.co
KriyaDEX
KriyaDEX is a DeFi platform offering a wide range of services from lending to perpetual trading. You can earn KRIYA tokens through the “Chakra” campaign. Phase two is about to begin.
When the new phase starts, follow these steps:
1) Open https://app.kriya.finance/spot/swap/
2) Trade tokens and generate volume
3) Provide liquidity
4) Complete tasks:
https://zealy.io/c/kriyadex-6508/questboard
Visit the “Rewards” page to track your performance.
Bucket Protocol
Bucket Protocol is a CDP (Collateralized Debt Position) protocol built on Sui that enhances capital efficiency and stabilizes stablecoin prices. The project is funded by the Sui Foundation and has confirmed it will launch a token.
Follow these steps to qualify for potential rewards:
1) Visit https://app.bucketprotocol.io
2) Click “Position”
3) Borrow BUCK using your chosen collateral
4) Click “Tank Pools”
5) Deposit BUCK into the pool
6) Click “Fountain”
7) Stake LP tokens
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