Feeling anxious about missing airdrops again? Here’s how to stake out top-tier projects like Monad step by step
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Feeling anxious about missing airdrops again? Here’s how to stake out top-tier projects like Monad step by step
High-performance storytelling + celebrity-backed massive funding + well-connected official support—does this give you a sense that "something big is coming"?
Navigating Web3 tides with focused insightsBy TechFlow
Everyone's mindset has been shaken again by airdrops recently—pizza, ionet, zksync, and so on—with new project airdrops rolling out one after another.
Although many projects' witch hunts have made the airdrop results feel like checking college entrance exam scores—some rejoicing, others lamenting—the wealth effect may not be as dramatic as in previous cycles, yet stories of getting rich from airdrops continue to captivate people.
If you're unsure which project to dive into, consider learning about Monad, the leading player in the parallel EVM narrative. Monad.
With solid technical foundations and massive funding, backed by numerous top-tier institutions, Monad naturally attracts significant market attention.
This article provides a quick overview of various opportunities to participate in the Monad ecosystem today.
Hardcore Tech with Meme Appeal
Monad is a high-performance Layer 1 blockchain championing the parallel EVM concept, aiming to improve and enhance EVM execution efficiency through parallel processing at the Layer 1 level, thereby unlocking the potential of the EVM ecosystem.
According to the official whitepaper, Monad achieves a throughput capacity of up to 10,000 TPS—comparable to Solana—while maintaining full EVM compatibility, meaning Ethereum smart contracts can easily migrate and run on Monad. Imagine the future of a Solana + ETH fusion.
The primary market has already recognized Monad’s potential. In April, Monad Labs announced a $225 million funding round led by Paradigm—the largest crypto financing this year so far—and had raised a total of $244 million by April 10.
Beyond its strong technology and impressive funding, Monad also stands out for its marketing approach.
The Monad community embraces meme culture enthusiastically. The official team frequently engages on Twitter using memes and even hosts weekly community meme-creation events. At first glance, Monad’s deep integration with meme culture might make it seem like just another memecoin, sharply contrasting its hardcore tech narrative.
This friendly and lighthearted marketing naturally garners positive responses from the community, with every Monad tweet receiving substantial engagement from members.
Community Activities & Project Interactions: Creative Ways to Join the Monad Ecosystem
High-performance narrative, star-studded backers, huge funding, and an engaging team—does this give you that “something big is coming” feeling?
Currently, however, Monad remains in a closed internal testnet phase and hasn’t opened access widely to users.
Still, there are several indirect ways to position yourself for potential future Monad airdrops.
Join the Community
Earlier, Wormhole airdropped its token $W to all members of the Monad Discord group, proving that simply being a Monad community member holds real value.
Monad welcomes constructive dialogue within the community and encourages active participation in discussions and development. Therefore, actively joining and contributing to the community is a solid strategy to earn future token rights.
Active participation in discussions can earn you special roles in the Discord server.
Each week, the Monad community hosts diverse activities on Twitter such as AMAs, poker nights, brainstorming sessions, and more.
The community also encourages members to introduce Monad in their own creative ways—including making memes or writing articles.
Interact with Ecosystem Projects
Although Monad hasn’t launched its mainnet yet, several projects have already established themselves on the network. Interacting with these deployed ecosystem projects is an effective way to get involved ahead of the mainnet launch.
Liquidity Protocol Elixir
Elixir is an on-chain order book liquidity enhancement protocol. By integrating with the Monad ecosystem, Elixir allows users to natively provide liquidity across various trading pairs. It aims to bring persistent liquidity to Monad, benefiting the entire ecosystem.
Elixir plans to distribute a token airdrop in Q3 2024. You can currently engage by minting $EXLETH and providing liquidity.
Mint $EXLETH:
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Visit https://elixir.xyz/apothecary
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Connect your wallet
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Mint ELXETH
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Deposit $ETH (at least $100 to qualify for rewards)
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Claim the Elixir Mystery Box; deposited $ETH can be withdrawn in August
Provide Liquidity:
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Go to Elixir’s liquidity page https://agg.elixir.xyz
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Connect your wallet
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Select a trading pair and provide liquidity
Decentralized Exchange Swaap
Swaap Finance uses an AMM model, enabling users to trade without traditional order books. It combines oracles with dynamic spread mechanisms to deliver more accurate market pricing and automatically adjusts spreads based on market conditions. By dynamically optimizing asset allocation and trading fees in liquidity pools, it offers sustainable returns for liquidity providers.
Since SwaapV2 has not yet enabled the Swap function, current interaction options are simpler—users can deposit assets to add liquidity and earn yield.
Add Liquidity:
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Visit https://earn.swaap.finance/
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Connect your wallet and select the asset to deposit
Interact with Partner Projects
As previously mentioned, Wormhole distributed $W tokens to all Monad Discord members during its TGE, suggesting that Monad may similarly reward Wormhole community members. Recently, Wormhole launched $W staking, further increasing the likelihood of Monad airdrops for participants. Engaging with the Wormhole ecosystem now could boost your chances of receiving a future Monad airdrop.
Stake $W
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Go to the Wormhole staking page: https://tally.xyz/gov/wormhole
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Connect your wallet and choose to stake
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Select a validator node to stake with
Use Wormhole for Cross-Chain Bridging
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Visit https://portalbridge.com/
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Connect your wallet and use Wormhole to perform cross-chain transfers
*Cross-chain interactions should be done whenever possible, but priority should still be given to $W staking.
Summary
Strong backing and an active community show that Monad is far from a hollow project. Once the public testnet launches, it will undoubtedly attract intense competition among farming-focused teams.
For individual users, getting involved early in the Monad ecosystem before it gets too competitive is a smart way to ease airdrop anxiety and pursue high-risk-reward opportunities.
PS: This article does not constitute any investment advice. Project interactions carry risks; it is recommended to use a new wallet address when interacting with projects.
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