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Liquity Airdrop: Get Rewarded Across 16 Forks with One Strategy
In a groundbreaking move, decentralized borrowing protocol Liquity has launched an expansive airdrop campaign that rewards users across its ecosystem. This unprecedented initiative will see over 16 licensed forks contribute 4% of their token supply to participants, making it one of the largest cross-chain airdrops in decentralized finance (DeFi).
The airdrop program is designed to incentivize user participation and reward active contributors within the Liquity ecosystem. To be eligible for this unprecedented opportunity, users can engage with the platform through various means. These include depositing BOLD into a Stability Pool, staking yBOLD, providing liquidity, or leveraging integrated DeFi protocols like Pendle, Curve, and Spectra Finance.
One of the most attractive aspects of this campaign is its simplicity and scalability. By staying active within the Liquity ecosystem, users can earn rewards from multiple forks without needing to switch between platforms. This unique approach eliminates the need for complex strategies or constant switching between airdrop opportunities, making it an attractive option for both new and experienced DeFi participants.
The campaign also introduces yBOLD, a tokenized version of BOLD on Yearn Finance. This innovative feature auto-compounds rewards and automatically shifts deposits to the most profitable Stability Pools every 30 minutes, providing users with unparalleled exposure and potential for increased returns.
To participate in this historic airdrop, users need only follow a straightforward process: first, obtain BOLD by buying ETH and transferring it to a Web3 wallet like Rabby. Next, deposit BOLD into a Stability Pool using an official Liquity frontend. Stake yBOLD, providing liquidity, or engage with integrated DeFi protocols to earn fork tokens.
Furthermore, staking Liquity’s governance token LQTY can bring additional rewards, and users are encouraged to utilize this opportunity to maximize their earnings.
The campaign also emphasizes the importance of staying active within the Stability Pool and optional staking options. By doing so, participants can receive airdrops from over 16 forks, earn fees in BOLD and ETH, buy ETH at a discount during liquidations, and grow their position through compounding.
As part of this historic initiative, Liquity has confirmed that users staking yBOLD will automatically qualify for airdrops without needing to deposit BOLD separately. No official end date has been set for maintaining positions, but participants are advised to remain active until all forks complete their launches.
In conclusion, the Liquity airdrop presents an unparalleled opportunity for DeFi enthusiasts to accumulate rewards from across the ecosystem while maintaining exposure to a highly efficient borrowing protocol.
Source: coinchapter.com
