Drop ($DROP) token airdrop guide: How to earn Droplets
Drop ($DROP) is a liquid staking protocol designed for Interchain assets. It’s also a proud member of the Lido Alliance, which focuses on enhancing liquidity and interoperability across different blockchains. Drop is awarding points known as Droplets to early users that help build the protocol’s ecosystem. According to their FAQs, Droplet holders will become eligible for the future DROP airdrop. Here is our Drop ($DROP) airdrop guide.
Check out our step by step guide!
See our full guide HERE.
What is Drop ($DROP)?
Drop ($DROP) is a liquid staking protocol for Interchain assets, backed by Lido. Here are some of its main features:
- Liquid Staking: Drop allows users to stake assets and receive liquid tokens (dAssets) in return, which can be traded or used in other DeFi protocols. Currently, Drop supports liquid staking on Neutron ($NTRN) and Atom ($ATOM), with Celestia ($TIA) coming soon.
- Security: Drop ensures the security of staked assets through rigorous validator selection and monitoring.
- Droplets Program: Users can earn Droplets, which are valuable and can be stacked, by participating in the Drop ecosystem.
- Interchain Support: Drop supports multiple tokens and operates across different blockchain networks, enhancing its versatility.
Drop has recently secured US$4 million in seed funding led by Coinfund and including Mustafa Al-Bassam, Co-Founder of Celestia. With only 12,000 users and US$20 million deployed, Drop is relatively underfarmed yet could have huge potential.
How to get the Drop ($DROP) token airdrop?
Here’s a guide on how to earn Droplets for the potential Drop ($DROP) token airdrop
- Get wallet
Prepare Your Wallet You’ll need either a Kepler or Leap wallet to interact with the Drop platform.
- Get Atom and Celestia tokens
Ensure your wallet is set up and properly funded with Atom ($ATOM) and Celestia ($TIA) tokens.
- Get invited to Drop platform
Access the Drop Platform. Note that Drop is currently invite-only. Use our invite link HERE
- Participate in Phase 1 before 12th February 2025
Ensure you are actively liquid staking before Phase 1 ends on 12th February 2025. 10% of the total drop token supply will be reserved for Phase 1 participants.
- Liquid stake
To liquid stake your $ATOM or $TIA tokens Within the Drop app, stake your Atom ($ATOM) or Celestia ($TIA) tokens. This process will convert your Atom into $dATOM and Celestia into $dTIA, and you will start earning droplets.
- Monitor Droplets earnings
To monitor your progress of earning Droplets, visit https://droplets.drop.money/. Each dollar worth of DATOM will generate one droplet per day. These droplets will potentially be converted into an airdrop of Drop ($DROP) tokens at the end of the campaign.
- Explore other airdrop opportunities
Holding dAssets like DATOM may qualify you for other project airdrops, such as the one from https://nfa.zone/
- Take advantage of Droplet multipliers
Providing liquidity on specific pools on Drops’ partner programs may allow you to earn multipliers on Droplets. For example, you can take advantage of the Droplet multipliers available on Astroport, Apolllo or Levana. We have found that many people opt for Levana because it was the first choice. However, we opted for the Astroport dATOM/ATOM pool because it gives 50x multiplier with no impermeant loss. A full list of the Droplet multipliers and the requirements can be found HERE.
- Use staked tokens for DeFi activities
Use your staked tokens (ie $dATOM and $dTia) across various DeFi protocols. This includes deposits, collateral for perpetuals, trading, and more. This will increase your activity points and your share of the airdrop.
- Refer friends
Share your referral links to earn extra droplets. This can significantly boost your standing and potential airdrop earnings.
- Take advantage of OG Badges
If you participated in Phase 1, you will receive exclusive perks and multipliers in Phase 2 through OG badges. Multipliers in particular can enhance your earnings further.
- Stay tuned for phase 2
Phase 2 begins immediately after the end of Phase 1 on 12th February 2025. Keep an eye out for new d assets and staking opportunities.
- Stay tuned for the token generation event (TGE)
TGE is likely to occur after Phase 2. Stay updated by following their social media accounts.
