The anticipated Monad airdrop is poised to be one of the biggest of 2024, and getting in early can set you up for significant rewards. Here’s everything you need to know and do right now to be eligible.
What is Monad?
Monad is a high-performance Ethereum-compatible Layer 1 (L1) blockchain designed to handle 10,000 transactions per second. This scalability sets it apart in the crowded blockchain space.
Fundraising and Growth
Monad has already raised $244M, with additional funding rounds expected to push this total to over $300M. This level of funding is rare and positions Monad to potentially rival major projects like Optimism.
Early Community Involvement
Monad is currently in Devnet, meaning it’s not yet open to the public. However, early community involvement is crucial. Here’s how you can get involved and increase your chances of qualifying for the airdrop:
Join the Monad Discord
- Join the Discord: Become a member of the Monad Discord group.
- Get Your First Role:
- Go to the “social-credit” section.
- Find a post with “COMMENT MOB”.
- Click on “get role” to receive the “comment mob” role.
Engage with Wormhole
Wormhole airdropped their $W token to all Monad Discord members, indicating a strong likelihood that Monad will airdrop to the Wormhole community, especially $W token stakers.
Stake $W:
- Visit Wormhole Governance.
- Follow the steps to stake $W.
Use the Wormhole Bridge:
- Go to Portal Bridge.
- Connect your wallet.
- Select the networks and assets.
- Bridge from one network to another.
Interact with the Monad Ecosystem
Engaging with projects in the Monad ecosystem can further enhance your eligibility for the airdrop.
Elixir
Elixir is part of the Monad ecosystem, providing liquidity to centralized and decentralized exchanges (CEX and DEX). They have confirmed an airdrop in August, offering a chance to farm two airdrops at once.
- Mint ELXETH:
- Visit Elixir Apothecary.
- Connect your wallet.
- Mint ELXETH.
- Deposit at least $100 worth of ETH to get a boost.
- Grab your Mystic Chest. You can withdraw your ETH in August.
- Provide Liquidity:
- Go to Elixir Aggregator.
- Connect your wallet.
- Click on “supply” for your chosen pair and provide liquidity.
SwaapFinance
SwaapFinance is another key project in the Monad ecosystem, acting as an Automated Market Maker (AMM) that uses oracles and dynamic spread to offer sustainable yields to liquidity providers and lower prices to traders.
- Make Regular Swaps:
- Use SwaapFinance for regular swaps to create volume.
- Provide Liquidity:
- Providing liquidity is crucial as liquidity management is a core feature of SwaapFinance.
Conclusion
Getting in early on the Monad airdrop can be highly rewarding. By joining the Discord, engaging with Wormhole, and interacting with the Monad ecosystem, you position yourself to take full advantage of what could be one of the most lucrative airdrops of 2024. Don’t miss out on these steps to ensure you’re eligible and maximize your potential rewards.
Stay tuned for more updates and be ready to capitalize on this exciting opportunity!
