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HomeBlogCryptocurrencyAirdrop Summer is HEATING UP [$LAVA, $L3, $LSD & More]

Airdrop Summer is HEATING UP [$LAVA, $L3, $LSD & More]

  • avatarSarah Johnson
  • 2024-08-13 14:30
  • 3 min read
Airdrop Summer is HEATING UP [$LAVA, $L3, $LSD & More]
  1. Lava Network Token Swap and Price Update
  2. Claiming Layer 3 Tokens and Decision Making
  3. Pontum Network LSD Airdrop Claim and Token Swap
  4. Salana Ecosystem Update with Soul Layer and Airdrop Potential
  5. FAQ

Lava Network Token Swap and Price Update

All right, I'm back with another daily dose of crypto airdrop Alpha. I've got a bunch of token claims as well as a bunch of time-sensitive stuff that you should do ASAP if you want to qualify for future airdrops. So let's jump right into the first one which is lava Network. They just dropped the lava token today, so people that had previously claimed it can now go into your Kepler or your leap wallet or wherever you claimed it and actually see the balance of your tokens and swap if you want to. Now, at this point, if you want to swap it in a decentralized Exchange, it looks like the best way to do that is to use the squid Bridge. So that is what I did: used squid router to send my lava from the lava Network to arbitrum. By the way, if you're looking in your Kepler wallet and you don't see the balance, you can either add it using manage chain visibility or an easier way is actually just to go right to this app right here squid router. And then once you connect your wallet, it will automatically detect your balance. So, I sent my lava tokens from lava to arbitrum and then you can swap it on a de on arbitrum. You can use an aggregator as well, stuff like odos jumper Etc., as long as you can just paste the contract address in. Now in terms of the price right now, it's looking like it's trading at 8.5 cents per lava token with a market cap of 2.9 Million. When I sold a little bit earlier, it was closer to 15 cents per token so obviously it's been dumping like most things do on day one when there's an airdrop. Now I can't give you Financial advice and tell you what to do in terms of holding or selling. But I can tell you that I sold my lava airdrop and the reason for that is mainly just because at this point I'm just trying to consolidate into the majors and I'm not super interested in holding random governance tokens for all these different apps and protocols that drop.

Claiming Layer 3 Tokens and Decision Making

Another token that you can now claim is layer 3 or the L3 token. So I claimed my layer tokens this morning and when you claim them there's a decision that you need to make. You can either just claim it straight up unlocked, no staking. Or you can stake it in order to get a 200% boost on season 3, but if you want that you need to stake it within the first 24 hours of claiming the token or the token claims actually being live. So that is the key decision you have to make. Now in terms of what I did I just claimed and sold the full amount and the reason for that is because I have not really been participating that much in layer 3 farming on an ongoing basis. I did most of my farming in season 1 and so as a result of that, getting this boost on future farming doesn't really impact me that much and I'm not super bullish on it. Now another reason why you might want to AK is because there's now going to be quests and cubes and rewards that you get for layer three based on the number of tokens that you stake. These have already popped up on the platform and the more tokens that you stake the more rewards you can potentially qualify for. So there is a decent amount of sort of yield stacking on that and you also get a yield on the L3 staking as well. So those are the options and that's what I did.

Pontum Network LSD Airdrop Claim and Token Swap

Another airdrop claim that is live is LSD airdrop from the pontum network. So this one is partially vested, you can go and claim a part of your token here and then sell it if you want to on Liquid Swap or another apos dex. So I just swapped mine into more AP tokens and then went and farmed them on Aries Market. Another airdrop claim that is live is stride for sta holders. Now this one is not very big but if you did Farm it, you can go and claim your tokens. This one was definitely more of a linear yield in the form of St strd tokens and in order to claim it you may need to go to osmosis Swap and get a small amount of the strd token to just pay for the transaction fee for the claiming transaction. Talking about Celestia, there are now four different badges to Mint for Milky Way. So if you've been following along with this airdrop campaign, make sure that you go and claim all those badges. They're going to give bonuses for actual farming of Milky Way moving forward.

Salana Ecosystem Update with Soul Layer and Airdrop Potential

Next, let's move to the Salana ecosystem CU. There's a pretty big update from Soul layer, which has become one of the main airdrop Farms within the Salana ecosystem. And that is that today so Soul or the So air soul is actually fully transferable liquid unfrozen. So now you can actually swap it, it's liquid. You don't have to actually withdraw it from the platform and you can see the balance and the value in your wallet. You will be able to use it in Salana DeFi as soon as there's more Integrations. Currently, I believe Orca is the first actual integration so you can provide liquidity on Orca for the Sol layer SoL tokens. But I'm sure they're going to be rolling it out to different Salana DeFi apps like Medora and hopefully some other ones as well like communo Finance margin 5 Etc. Now with this, I would say soul layer actually becomes a higher priority airdrop Target for Salana farmers. And the reason for this is because now it's actually a multi-air drop Farm. If you take your Sole and restake it with s layer you earn points for that, but then if you take your s Sole and you actually use it in Salana DeFi you can potentially hit multiple other airdrops at the same time which is pretty bullish. So this is a solid unlock and as soon as there's more Integrations of Salana DeFi, I'll let you know and I'll tell you what I'm doing. I'm not planning on providing liquidity right now. It literally just launched like an hour or two ago. I'm going to kind of wait and see what I think is the best option for this.

FAQ

Q: What can I do with the Lava Network Token swap and how is the price performing?
A: You can swap your Lava tokens using the Squid Bridge and the current trading price is around 8.5 cents per token with a market cap of 2.9 million. Please note that prices are subject to change.
Q: What decisions do I need to make when claiming Layer 3 Tokens?
A: When claiming Layer 3 Tokens, you have the option to stake it for a 200% boost on season 3 rewards. Additionally, you can choose to claim it unlocked without staking. It's important to stake within the first 24 hours to qualify for the boost.
Q: How can I claim the Pontum Network LSD Airdrop and what are the options for token swap?
A: You can claim the LSD airdrop from the Pontum Network and swap it on platforms like Liquid Swap. Consider swapping tokens into AP tokens and farming on Aries Market. Additionally, there's an airdrop for Stride for STA holders, which can be claimed on platforms like Osmosis Swap.
Q: What's the update on the Salana ecosystem, specifically the Soul Layer and its airdrop potential?
A: Soul Layer in the Salana ecosystem now allows for fully transferable, liquid, and unfrozen tokens. This makes it easier to swap and participate in Salana DeFi. Consider providing liquidity on platforms like Orca using SoL tokens. Soul Layer has become a key airdrop farm within the Salana ecosystem, offering opportunities for multiple airdrops by staking and using tokens in the DeFi ecosystem.

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