Following the guiding wind wherever it may lead me. ⛩️|
Sharing what I learn along my path to individuation. 🧘♂️|
Community manager @stakeborgdao%F0%9F%A7%99%E2%80%8D%E2%99%82%EF%B8%8F%7C
Took a much needed break from #Web3. 😌
To all the degens out there, Shinmen is back to work, let’s buidl! 🔥🔥
Yoo, welcome home bro ✌️
BREAKING: Nominating myself as the candidate for PM of the United Kingdom
Releasing the following 90 day work order
You might want to vote on this using your Lens profile…just saying 👀
Lens Protocol 🌿 on Twitter](https://twitter.com/LensProtocol/status/1574474254976008211))
“👋 Lens fam, the snapshot for CultivatorDAO (👩🌾,👨🌾) is now live.
Vote here 🗳 t.co/gQYJSebm28”
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Dear all, we're very blessed to be able to participate in this round of Gitcoin (GR15) with public funding.
We need your donation💰 to keep TeaParty going:
💪 gitcoin.co/grants/7159/teaparty
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My opinion on testnets
Lately, it is becoming increasingly difficult to filter out and follow airdrop alpha
From what I gather, I classify airdrops into three categories
retroactive, non-expected airdrops (usually DeFi, Ethereum protocols). Example: $DYDX, $RBN, nullINCH. The best, IMO
announced airdrops. these could be a bit scammy, and I usually do not cover them. especially if they require RTs/sharing/inviting friends, a waste of time.
Testnets (blockchains, like $CANTO) have been falling into this "2. announced airdrops" category. they declare it beforehand.
Most of my time working on what information to share is filtering out the garbage, this is very time-consuming
I filter most testnets out. $CANTO, for example:
it was very easy to get in, you just had to tweet (2-day window) and follow a few testnet steps
They ended up airdropping 2% of supply to 9K+ addresses that followed the tasks
canto.mirror.xyz/6UtxzGXsyCt6onAZjqwinAlQXhmq41Ow9o5SvPRkNKo
This "testnet" airdrop category is especially common with new blockchains and products, like zkSync and Starknet. I haven't been sharing info on these lately either, since the airdrop success rate is low imo
But $CANTO was basically free tokens
If we are being 100% strict, airdrops to LPs are no more than a liquidity mining campaign. The difference is that you don't know the APR beforehand and you speculate that it'll be higher than what's available in the market (and good r/r)
For example, for $HOP, you got an airdrop allocation if you were a LP, and another airdrop allocation if you bridged funds
I think this is perfectly fine if the token wasn't launched (like hop's case)
But there are other protocols that already have a token and the token is tradable, but they advertise an "airdrop" for people that LP
In reality, they are just distributing funds as a liquidity mining campaign
This is the 3rd category, and I don't consider these to be airdrops
Now, we can't say that testnets haven't been successful, so ignoring them altogether is no longer the best choice
I'd rather just use DeFi protocols normally- this usually has been the best strategy in my case. I got $PSP in a few wallets that were doing just normal trading ops
Another thing to consider is that testnet airdrops are different, since they do not require funds in most cases - so no funds for LP, no funds for gas, and no funds for trades...
That's about it.
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Anyone else fascinated with the complexity of old architecture?
I find modernism quite boring, just look at those fractals, it gives you those psychedelic vibes. 👁