How to "raise an account" to get airdrops? We analyzed several textbook-level airdrops

In the ambush airdrop, you can get more airdrops by becoming an early participant in the project, experiencing multiple products, and actively participating in ecological activities.

The story of "getting rich by airdrop" has always been one of the most talked-about topics in the industry, and the "brush" of airdrops has been fighting wits and courage with the project owners. On May 6, the cross-chain bridge Hop Protocol officially launched its native token HOP, of which 8% will be airdropped to early related users. At the same time, it stated that users who report more than 20 related Sybil attacker addresses will have the opportunity to receive HOP rewards. For a while, many "hair-grabbing" professionals joked online, "I'm going to report myself."

In order to give back to real users as much as possible, the project team is constantly adjusting the airdrop rules. Now, a real active user may get more rewards with one address than 10 addresses of freeloaders. In this article, PANews starts from the evolution of the airdrop rules of well-known projects in the Ethereum ecosystem, and analyzes what kind of real users are more likely to get airdrops in the context of increasingly "harsh" airdrop rules, and how users can maintain accounts to get airdrops?

TLDR

• Become an early participant in a project, such as an application protocol like ENS. The earlier you participate, the greater the airdrop reward.

• Try as many products as possible, such as DeFi products. More experiences and interactions will help increase transaction volume. Setting up reverse parsing in ENS is also one of the best ways to experience the product, and the airdrop reward is directly doubled.

• For the blockchain network, actively participate in the entire ecological activities, such as using more Dapps in the ecosystem, participating in on-chain governance voting, etc. For example, you will receive cumulative rewards and superimposed rewards in the Optimism airdrop;

• In order to obtain the airdrop rewards for the "child chain", users need to become active participants in the "parent chain" ecosystem, such as using the Dapp transactions above, participating in its donation activities, etc., to show their concern for the entire ecosystem. This is obvious in the Cosmos ecosystem. Basically, all projects in the Cosmos ecosystem will airdrop ATOM tokens to stakers.

Uniswap: Few restrictions, all addresses that participated in the early stage can receive airdrop rewards

When it comes to airdrops, we have to mention Uniswap, the leading Ethereum DEX. On September 17, 2020, Uniswap officially announced that it had released its protocol governance token UNI on the Ethereum mainnet, airdropping 10.06% of the total to 250,000 early users, 4.92% of the total to 49,192 early LPs (liquidity providers), and 0.02% of the total to 220 SOCKS holders. Each address that has called the Uniswap v1 or v2 contract can apply for 400 UNI. Overall, the airdrop rules are relatively simple, without too many restrictions. As long as the address has participated in the early stage, it can get airdrop rewards, which also creates opportunities for "wool parties".

dydx: Allocated in tiers, the higher the trading volume, the more rewards you will get

Another eye-catching airdrop project is the perpetual contract protocol dydx. Compared with Uniswap, dydx's airdrop rewards are more inclined to users who contribute to the protocol's trading volume. The greater the contribution, the more rewards. The specific rules are as follows:

• If you have made a deposit but have not participated in the transaction, each user can receive an airdrop reward of 310.75 tokens;

• For transaction volume between $1 and $10,000, each user can receive 1,163.51 tokens airdropped;

• For transaction volume between $10,000 and $100,000, each user can receive 4,349.63 tokens airdrop;

• For trading volume between $100,000 and $1 million, each user can receive 6,413.91 tokens airdropped;

• For trading volume above 1 million USD, each user can receive 9529.86 tokens airdropped.

By comparison, it is found that the reward for each user in the fifth tier is about 30 times that of the first tier and about 8 times that of the second tier, which indirectly increases the reward for "real" users, and of course does not exclude users who specialize in brushing transaction volume. For example, if you often use dydx products and the transaction volume reaches more than 100,000 US dollars, even if there is only one address, you can get 6413.91 tokens. On the contrary, if you are a "wool party" and have established 20 accounts, assuming that you only deposit money but do not trade, then the rewards for the 20 accounts are equivalent to the rewards for the above 1 account.

Therefore, it can be seen from the airdrop rewards of dydx that in order to obtain more airdrop rewards, in addition to creating multiple addresses, it is more important to interact with the product, experience the functions of the product, and participate as deeply as possible to increase trading volume.

Although the airdrop rules of dydx are a little more "reasonable" than the early Uniswap, they still do not effectively improve the rights and interests of long-term users. For example, in dydx, assuming that a large user may join the day before the airdrop snapshot, his trading volume may exceed 1 million US dollars a day. The airdrop reward is likely to be much larger than those of ordinary long-term users (trading volume is less than 100,000 US dollars). Therefore, how to increase the reward factor for long-term users in the airdrop rules is a problem that the project party will consider later.

ENS: The longer you hold a domain name, the higher the reward. The reward for reverse resolution of the domain name is doubled.

Compared with Uniswap and dydx, the airdrop rules of Ethereum Name Service (ENS) increase the rewards for long-term users of the project. The specific airdrop rules are as follows:

• The airdrop will be allocated to the ".eth" second-level domain name registration address that has been registered or is currently valid;

• The airdrop weight is mainly calculated based on the number of accounts rather than domain names;

• The reward formula is a factor of 0.27 times the number of days you hold at least one ENS domain name, plus a factor of 0.067 times the number of days until the domain name expires;

• If the account has additional reverse resolution settings, multiply the above result by a factor of 2.

The ENS airdrop rules favor the loyal users of the reward project. Normal users will only buy the domain names they like, and the quantity is limited. On the contrary, speculators will hoard a lot of domain names. The weight calculated by account will reduce the airdrop rewards of speculators to a certain extent. Secondly, for early users, the domain name may expire, but they will also receive airdrop rewards. At the same time, the coefficient 0.27 multiplied by the number of days of holding at least one ENS domain name is particularly beneficial to long-term loyal users.

Looking at the coefficient 0.067 multiplied by the number of days until the domain name expires, not only is the coefficient about 1/4 of the former, but speculators often register domain names for a shorter period of time, so the final airdrop reward is also limited. Finally, for those users who set up reverse resolution, that is, those who actually use ENS products instead of just registering, the amount of rewards will be doubled, which is also a further increase in the rewards for loyal users.

In general, for the ENS project, a loyal user's account may receive more airdrop rewards than the 10 addresses of the "wool party". For example, if you are an early user of ENS and hold a domain name for 1 year, and it will expire in 1 year, then your airdrop reward is about 123 (0.27*365+0.067*365), while the "wool party" registered 10 domain names with 10 addresses, each holding for 1 month, and will expire in the next month, and the total reward received is about 101 (0.27*30*10+0.067*30*10). The reward for one account is about 1.2 times that of the 10 accounts of speculators. So try to participate in the project as early as possible and grow with the project. Even if there is only one address account, the airdrop reward you get in the end is considerable.

Optimism: Increase airdrop rewards for active users in the ecosystem and give back to active participants in the Ethereum ecosystem

After Optimism announced the issuance of tokens, people in the industry speculated that other Layer2 (such as Arbitrum) might follow suit. Learning from Optimism's airdrop rules will help to obtain larger rewards in other Layer2 or chain airdrops. Optimism will airdrop to six types of users, and the specific rules are as follows:

1) Ordinary users: Users who cross from Ethereum to Optimism in the early stage of the mainnet before June 23, 2021, or who use Optimism for more than one day thereafter, that is, the first transaction and the last transaction are more than 24 hours apart, and have completed transactions using on-chain Dapps, each address can receive 727.36 airdrop tokens;

2) Active users: meet the first condition and have completed at least one transaction using the Dapp on Optimism in 4 different weeks. The top 20% of users who meet the conditions will receive 1,584.42 airdrop tokens per address;

3) DAO governance participants: have participated in voting or written at least one on-chain proposal, or at least two off-chain proposals (Snapshot), each address can receive 254.45 airdrop tokens;

4) Multi-signer: Current signer of Multi-Sig and has executed at least 10 transactions. Each address can receive 1114.23 airdrop tokens;

5) Gitcoin donors: made on-chain donations through Gitcoin, including any donations, and each address can receive 520.34 airdrop tokens;

6) Ethereum loyal users: The address is bridged to another chain, but it still trades on Ethereum's Dapp every month, with an average transaction frequency of at least 2 times a week. The top 60% of eligible addresses will be selected, and each address can receive 383.27 airdrop tokens.

In addition to the fact that the airdrop rewards for each condition can be accumulated, Optimism has also launched an additional "stacking reward", that is, as long as ordinary Optimism users meet 4 or more conditions, they can get a stacking reward. The more conditions are met, the more stacking rewards they will get in the end (5 is greater than 4).

Similar to ENS, under Optimism's airdrop rules, the airdrop rewards that a long-term loyal user can obtain are likely to be greater than multiple "wool party" accounts. Even if the two terms of multi-signer and Gitcoin donor are put aside, as a long-term user of Optimism, it is still possible to obtain the superimposed rewards of the four conditions. In the end, the cumulative rewards of different conditions, one account will be far better than multiple "wool party" accounts that only trade a few times. After all, many "wool party" accounts only meet the first condition.

It can also be seen from the Optimism airdrop that as a "chain" or Layer2, if users want to obtain more airdrop rewards, in addition to becoming early users, they also need to actively participate in the governance activities of the entire ecosystem, and also actively participate in the construction activities of the "Layer1" Ethereum ecosystem, that is, become an active participant in the "parent chain" ecosystem. This also gives us inspiration when ambushing "child chain" airdrop rewards in a multi-chain ecosystem, such as the Cosmos ecosystem, the Avalanche subnet, etc.

summary

From early DeFi projects to the ENS application protocol, and finally to the recent chain Optimism, it can be found that the airdrop rules are becoming more and more complicated, and are constantly leaning towards loyal long-term users. It is expected that this trend will intensify. Through the airdrop rules of Optimism and ENS, it can be seen that "maintaining" an account will not be worse than having multiple "small accounts". Perhaps the era of airdrops where "the quality of the account is more important than the number" will slowly begin.