9 Catalysts and Airdrop Opportunities Worth Watching This Week
TechFlow Selected TechFlow Selected
9 Catalysts and Airdrop Opportunities Worth Watching This Week
Sanctum is an ecosystem for liquid staking on Solana. The protocol launched a pioneering loyalty rewards program that gamifies user incentives.
Navigating Web3 tides with focused insightsAuthor: The DeFi Investor
Translation: TechFlow
Welcome to the second edition of "Monday Alpha," which includes:
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9 major crypto events to watch this week
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2 airdrop opportunities
9 Major Crypto Events to Watch This Week
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Launch of Eigenlayer Token - $EIGEN will launch on May 10. Unfortunately, it won't be transferable at launch. The team stated that EIGEN will become unlockable once new features go live, which are expected by September 30, 2024.
Screenshot from Eigen Foundation announcement
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NVIDIA Earnings Release - While not happening this week, I'm sharing this now so you can prepare in advance. NVIDIA's Q1 FY2024 earnings report is scheduled for May 22. If results exceed expectations, it could positively impact prices of certain AI-related tokens, as has happened before.
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Jito may announce a new SOL restaking protocol at 6 PM UTC on May 6 - Given Eigenlayer's massive success, I believe building a restaking protocol for SOL is an excellent idea. The CEO of Jito will join co-founders from Solana Labs and Drift in an X Space to discuss restaking and related topics.
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Velodrome’s Superchain Expansion - Velodrome's Superchain expansion begins this week. As Optimism's most popular native DEX, Velodrome will deploy across several top L2s built with the Optimism Stack, including Mode, Fraxtal, and Zora.
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Aptos Token Unlocks - $103 million worth of APT will unlock on May 12. Most will go to the team and early investors.
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Pendle and Ethena Deployment on Solana - According to a tweet from an Ethena team member, Ethena and Pendle Finance may go live on Solana this month.
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Integration of USDe Stablecoin by Ethena on Top CEXs - This week, the fast-growing stablecoin protocol will make a major announcement regarding USDe integration. Given that Binance, OKX, or Bybit have invested in Ethena, one of these exchanges may integrate USDe.
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Mode Token Launch - Mode, one of the fastest-growing Ethereum L2s, will launch its $MODE token on May 7. 5.5% of the supply will be allocated to the first community airdrop.
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Sei V2 Mainnet Launch Date Announcement - With the audit for Sei V2 recently completed, the launch date may be announced soon. Sei V2 is a major network upgrade that transforms Sei into a fully parallelized EVM blockchain capable of handling 28,000 transactions per second.
Airdrop Opportunities This Week
1. Stake SOL on Sanctum (on Solana)
Sanctum is an ecosystem for liquid staking on Solana. The protocol launched a pioneering loyalty rewards program that gamifies user engagement. By holding certain liquid staking tokens for SOL, you can collect pets, which may qualify you for future airdrops.
I started farming an airdrop last week using some of my SOL holdings. Sanctum has strong backers including Solana Ventures and Jump Capital.
Here’s the referral link: https://sanc.tm/w?ref=N9P221
2. Deposit USDe Stablecoin on Karak
In my view, depositing USDe on Karak is currently one of the best stablecoin airdrop opportunities. Karak is Eigenlayer’s biggest competitor, and USDe is Ethena’s stablecoin.
Both projects have launched point programs, and due to their recent collaboration, you can now earn points simultaneously on both Ethena and Karak.
Strategy:
- Buy USDe with another stablecoin on Ethena
- Deposit USDe into Karak
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The DeFi Investor
