New airdrop to farm for Cosmos network enthusiasts, it's @Pryzm_Zone and its token $PRYZM.
There are multiple actions to be eligible, and to help you obtain it, I'm providing all the information right away.
⭐️ What is PRYZM?
The Pryzm project is the first layer 1 blockchain dedicated to the tokenization and exchange of your future yield. To achieve this, they plan to revolutionize several sectors :
- LSDs (Liquid staking & Restaking)
- Yield tokenization
- Making governance power liquid
- Proof of liquidity and more...
⭐️ Some data about airdrop
- ✔️ The maximum token quantity will be 1 billion
- ✔️ 20% of this amount will be airdropped to users who delegate their tokens ($ATOM, $OSMO, $LUNA) to the PRYZM validator
- ✔️ The snapshot is taken every week
- ✔️ For every $1 of delegated token, the user will receive 10 $PRYZM tokens
⭐️ How to be eligible for the airdrop?
To be eligible, you will need to perform a certain number of actions, as well as hold tokens like $ATOM, $OSMO & $LUNA.
Here is all the information I could gather about eligibility:
- ✔️ Stake your $ATOM, $OSMO, and $LUNA tokens with a PRYZM validator
- ✔️ Mint cLUNA tokens
- ✔️ Participate in the testnet & mainnet
- ✔️ Be one of the most active/profitable traders on the DEX
- ✔️ Provide liquidity to the DEX
A note on delegating your tokens to PRYZM. When staking, you can use the "redelegate" function to change validators without having to wait for the unstaking period.
Personally, I think you shouldn't move all your tokens. Everyone is free to choose, but I suggest moving a small portion of your capital to avoid missing out on potential future airdrops on Cosmos.
⭐️ Using the testnet
- Link to the testnet portal: https://testnet.pryzm.zone/
- Link to the faucet to receive tokens: https://testnet.pryzm.zone/faucet
You will need to connect your wallet and then perform the various possible actions:
- ✔️ Exchange tokens (USDC to SIM, USDC to cSIM)
- ✔️ Stake $PRYZM to any validator.
- ✔️ Create a pulse trade & flow trade
- ✔️ Add liquidity
- ✔️ Delegate tokens
- ✔️ Deposit assets, etc.
Find all available airdrops on the dedicated table right here : https://docs.google.com/spreadsheets/d/1ELUDRFnQhVCUhs0sWOzuoRIl0MrNIXZgH_E1Tt6tg5U/edit#gid=0
The Telegram channel for the latest posts : https://t.me/FreeMagicMoney
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