One Fish, Two Bites: How to Claim Backpack and Hyperliquid Airdrops?
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One Fish, Two Bites: How to Claim Backpack and Hyperliquid Airdrops?
We have three more weeks to accumulate HyperLiquid points to qualify for the upcoming Backpack season.
Navigating Web3 tides with focused insightsAuthor: Leshka.eth
Translation: TechFlow
The bull market short season is ongoing. So far, I've collected $120,000 in airdrops.
Now there are two potential upcoming airdrops: Backpack and Hyperliquid. This article outlines my strategy to qualify for the $HYPR and $PACK airdrops.
Backpack is one of the fastest-growing exchanges on the Solana blockchain, with its own wallet and an OG NFT collection called "Mad Lads".
Backpack has raised $37 million in funding from Wintermute, Placeholder, Robot Ventures, and other leading funds.
Recently, Backpack Exchange conducted several airdrops for users actively trading on the platform. Users received varying amounts of:
We will hedge our positions on Hyperliquid using a delta-neutral strategy to ensure zero losses, only paying platform fees.
This way, we can interact with both platforms and potentially earn two airdrops simultaneously.
First, we need to complete the registration process on Backpack:
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Visit the referral link to sign up: https://backpack.exchange/refer/c9d363fa-6577-4cf3-8f37-52afdcef656f
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Connect your wallet
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Complete KYC verification
After this, you'll be able to deposit funds into your account and start trading.
Next, proceed with depositing to HyperLiquid:
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Go to the website: app.hyperliquid.xyz/join/LESHKA
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Connect your EVM wallet on the Arbitrum network
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Deposit funds into your account
To minimize risk, we will open positions with 1x leverage:
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Short any token on HyperLiquid
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Buy the same amount of that token on Backpack
You won't lose tokens if the price drops, nor gain proportional profits if it rises—only pay trading fees.
If you want to increase trading volume on both exchanges, you can use higher leverage on HyperLiquid.
To close and balance the position, buy back an equivalent amount of the token on Backpack matching your short position size.
With minimal fees, we're positioning ourselves for two top-tier airdrops, each exchange expected to surpass $1 billion in trading volume and thrive within their respective domains. We have three weeks left to accumulate HyperLiquid points to qualify for the upcoming Backpack season.
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