💸How do I earn airdrops?

Hey Beasts! 👋

Great to have you on board! This guide will help you fund and warm wallets to be used with DropBeast.

Let's start with the steps required to avoid being detected as a Sybil, which would result in not receiving any airdrops.

Read this first:

👮pageWhat is the term "Sybil" and how do I avoid it?

So how do I earn airdrops?

The process of earning airdrops is to complete the tasks outlined by organisations that wish to incentivise activity on their protocol or chain. Airdrops are speculative in nature, so therefore, we need to complete activities we infer to be valuable to increase the potential of profitable airdrops.

The objective is to complete all tasks that may be considered as a requirement for an airdrop. Use this guide as a reference to form your own judgement.

How many transactions do I need to do? How large do they need to be?

Based on the Arbitrum airdrop, users were rewarded for a number of things:

  • How many times they bridged?

  • How many bridges they used?

  • How much volume was done and how many different tokens?

  • What period of time were transactions conducted?

There is no hard and fast rule to 'how many' and 'how much' It is always recommended to do 'as many as you can' within your risk tolerance, while having diversified strategies and various amounts.

What should you interact with?

We need to ask ourselves "why" certain activities are recommended, and why some are a waste of time.

Let's understand ZkSync as an example - An improvement to ETH based on scalability and transaction speed. ZkSync is monetized by users bridging across, and utilising applications.

It can be thought of as a new and improved theme park, with shorter lines & cheaper rides.

ZkSync is going to focus on key metrics, such as;

  • Who comes to the theme park (Bridging funds to ZkSync from various locations)

  • How many rides they use (How many applications used)

  • How much they spent (How many transactions completed)

  • How often they visited (How consistent/frequent was their activity)

Now we can understand the metrics, and how to improve our chances of earning an airdrop by targeting key metrics and ranking up our wallets.

👉How do I do this?👈

Layer3 Quests do a pretty good job of supplying a hub where one can interact with many different protocols across different chains.

You will conduct tasks such as small purchases, bridging, trades and swaps. This will develop a wide catalogue of interactions within your wallet, in order to prepare it prior to farming.

DropBeast will allow you to farm airdrops, but as per the information shared in the Sybil Doc it is essential to complete other activities.

Platforms may introduce unique types of activities, such as "Mint an NFT" which is difficult to automate on a platform like DropBeast so it is essential to complete activities you deem to be a 'checklist item' for the airdrop.

Once you've read this, navigate back to the directory and get started with the app:

👉pageProduct Guides

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