For all those who missed the uniswap or Jupiter airdrop, or simply for anyone who wants to expose themselves to an airdrop with great potential, this information will be to your liking.
As you should know, each blockchain usually has exchanges for making swaps and providing liquidity, and there is always one that stands out among the others, like uniswap on ETH, pancakeswap on BNB, or Jupiter on SOL. These exchanges distribute rewards to their users in the form of airdrops when they are about to launch their own token, and when it involves a large and solid blockchain, it is even better.
The SUI blockchain is one of the most important and is becoming increasingly relevant. Its main exchange has not yet launched its token and is currently in the stage of accumulating points to deliver its airdrop. So it is a great opportunity to position oneself for the future.
The project I am talking about is momentum; it is the largest DEX within SUI, with a TVL of over 140 million and increasing day by day. To expose oneself to the airdrop of this project is as simple as using it, and by doing so intelligently, you can even earn while farming the airdrop. Below, I will share my strategy, but this is not investment advice, nor do you have to replicate it.
To start, you need a wallet compatible with the SUI blockchain. You can use Binance Wallet, OKX Phantom, Metamask, or any of the native wallets of the SUI network. Then, you need to fund the wallet with the capital you want to use. Remember to always keep some SUI to pay the fees, despite how cheap they are. If you are withdrawing from Binance and already have SUI in the wallet, withdrawing in USDC is better as it has a lower fee; otherwise, it is best to withdraw in SUI directly.
Once the capital is on the SUI blockchain, all that's left is to use the protocol, for which my strategy to avoid risk is to open a pool with half of the capital in stablecoins. Personally, I like the fdusd/usdc pair as sometimes the profitability tends to exceed 20% APR, and I am not exposed to market volatility as both are stablecoins. Finally, with the other half of the capital, I make swaps between stablecoins daily since the criteria to receive the airdrop are the swap volume and the volume contributed to the liquidity pools.
Ready, it's that easy! I am positioning myself for this airdrop while earning the pool's APR without risk, which covers the swap fees and is more than enough given how low they are. So I spend nothing and am exposed to the airdrop. I leave the direct link to the momentum protocol in case you want to check it out; just copy and paste it into your browser. It's a referral link, so if you decide to use it, great 👍.
https://app.mmt.finance/leaderboard?refer=M7Z26T
I will bring an update when the airdrop ends, and I will also upload information about other ongoing airdrops with potential, so you can follow me to stay informed.
Thank you for reading me.
