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Introduction
With the increasing number of airdrop rewards and activities, airdrops have become an indispensable part of the cryptocurrency field. Among them, AirPuff, as a pioneer in the field, focuses on helping users maximize their airdrop rewards, providing users with one-stop services to obtain maximum airdrop rewards with minimal capital, seizing the myriad of airdrop opportunities in the market, and solving the problem of user capital dispersion.
The Arrival of Airdrop 2.0 in the New Era
As is well known, airdrop activities have become increasingly popular in recent years. Projects use airdrop activities as the main strategy to attract market attention. For users, airdrops, once considered a simple gesture of goodwill, have now become an important source of wealth and opportunity. In 2023 alone, the total airdrop amount on DeFi reached a staggering $4.6 billion, and the market expects the airdrops in 2024 to increase geometrically, including multiple blue-chip projects such as EigenLayer, various projects in the liquid restaking ecosystem, Ethena, and various tokens from star L1 and L2 chains, making 2024 a pivotal year for airdrops.
But with the changing times, the requirements and criteria for airdrops by projects have also been evolving rapidly, from the initial distribution based on user activity to the introduction of various points and referral systems, making the overall experience more gamified and complex. The importance of total lock-up also becomes more crucial, making it difficult for ordinary users with limited funds to obtain a high share of airdrops.
AirPuff - Pioneer of Airdropfi
AirPuff, as the first protocol to enter and focus on the airdrop field, aims to provide one-stop airdrop services and strategies for users to maximize their airdrop rewards with limited funds. AirPuff offers leverage of up to 15 times for users to borrow and increase their positions, thereby gaining score bonuses and increasing airdrop rewards. As the best airdrop partner for users, AirPuff deeply understands the difficulties users face when participating in airdrops. Limited funds combined with overwhelming information make it difficult for users to grasp the most effective methods when participating in airdrops, resulting in missed opportunities to capture large airdrops. Moreover, relying solely on well-known large projects for airdrops may lead to diluted shares due to the user's own position being less than that of whales and large holders. Over-diversification of funds across different projects also results in insignificant airdrop shares.
AirPuff utilizes AI technology to analyze big data from the market and social media, comprehensively recommending the most suitable airdrop opportunities for users, enabling users to seize every opportunity to maximize their airdrop rewards while staying up-to-date with the latest market information, making it an inevitable choice for participating in airdrops.
Standing Out in the Airdrop Arena
AirPuff, with its own advantages, stands out among its competitors and becomes a leader in the airdrop arena.
Lower Cost of Score
According to the prices on Whales Market (a protocol for off-chain buying and selling of scores), the cost of 1 EigenLayer point is approximately $0.2. The average cost per 1 point in AirPuff's strategy opening position is only about $0.11, which is approximately 45% cheaper than buying points off-chain for ordinary users, providing users with a more affordable option.
Up to 15x Leverage
At AirPuff, users can open positions with leverage of up to 15 times, increasing their scores and shares and enhancing their chances of receiving more airdrops. Compared to other leverage protocols, AirPuff offers users higher flexibility and agility, allowing users to maximize their profits more effectively.
Stablecoin Borrowing
In addition to borrowing ETH, AirPuff also allows users to borrow stablecoins. The amount to be repaid will be calculated in stablecoins, which is equivalent to opening a long position in ETH. When the price of ETH rises, users profit from the price increase without an increase in debt. This strategy is suitable for users who want to participate in airdrops while having confidence in the price of ETH. By leveraging ETH while participating in airdrops, users can earn double profits.
Integration of AI Strategy
The next stage for AirPuff is to integrate AI technology into airdrop strategies. By using artificial intelligence technology to analyze market trends and airdrop information, AirPuff helps users grasp timely, condensed, and accurate airdrop opportunities more effectively, maximizing users' airdrop earnings with limited funds. In addition, AirPuff will also incorporate artificial intelligence into strategy design, allowing artificial intelligence to analyze users' risk preferences and asset distributions, and recommend the most suitable airdrop strategies for users. Integrating artificial intelligence into product design can also shorten the product development and launch time more effectively, allowing AirPuff to capture market hotspots more quickly and provide appropriate support.
Protocol Comparison vs. Pendle YT
Using AirPuff's strategy is less susceptible to price risks than holding YT. Users who use AirPuff's strategy will have their positions denominated in ETH or stablecoins. Compared to Pendle's YT, the price of YT is more volatile and risky. The price of YT changes according to the implied yield expected by the market, resulting in greater price fluctuations. In addition, the price of YT generally decreases as the expiration date approaches because the expected profit has diminished. Therefore, YT holders must bear the risk of losses due to the decrease in the price of YT. In contrast, the risk borne by users who denominate their positions in ETH or stablecoins on AirPuff is relatively smaller.
Protocol Comparison vs. Pendle PT
AirPuff's borrowing allows users to better utilize and capture the profit potential of assets. PT from Pendle locks in the interest rate at the time of purchase, giving up the possibility of an increase in interest rates. In contrast, AirPuff's borrowing rates change according to the utilization rate of the borrowing pool. Long-term high borrowing demand allows even blue-chip assets like ETH to have an average interest rate of up to 60%.
Protocol Comparison vs. Gearbox
AirPuff's leverage of up to 15 times and stablecoin borrowing provide users with greater flexibility. Gearbox's leverage products only allow users to open positions with a maximum leverage of 10 times for ETH borrowing. In contrast, AirPuff allows users to open positions with up to 15 times leverage, allowing users to borrow stablecoins as additional ETH long positions, providing users with greater profit potential.
Fjord Foundry Token Sale
AirPuff's token sale will take place from April 8th to 11th in Fjord Foundry's LBP, accounting for 15% of the total token supply. According to the performance of projects in token sales on Fjord Foundry in the past month, the median fundraising amount for projects is $4.85 million, with the highest fundraising amount reaching $10.78 million, and the fully diluted valuation reaching $167 million. However, most projects in these token sales are still in the construction stage and have not yet launched substantial products. With a lock-up amount of over $8 million and the potential to launch more than 11 cross-chain airdrop strategies, AirPuff
's token sale has garnered considerable excitement and anticipation from the market. With a strong fundraising platform background and impressive project performance, AirPuff's token sale has laid a solid foundation for success.
$APUFF - Comprehensive Airdrop Token
$APUFF token, as AirPuff's governance token, will become the Celestia of the airdrop arena, providing a foundational protocol for all airdrops to build upon. Users can obtain three main benefits by locking up tokens: airdrop dividends, additional $APUFF distribution, and voting rights to control the distribution of $APUFF.
Airdrop Dividends
By locking up $APUFF, holders can receive a 5% airdrop dividend from all leveraged strategy users. This provides additional passive income and airdrop options for the public. Users only need to hold locked $APUFF tokens to passively receive all governance tokens listed on AirPuff, solving the problem of capital dispersion for ordinary users and maximizing profits.
Additional $APUFF Distribution
Secondly, users need to lock up 5% of the value of their positions in $APUFF tokens to receive additional constant $APUFF distribution. Even if your position is worth $1000, you would need to lock up at least 5%, or $50 worth of $APUFF tokens, to receive additional constant $APUFF distribution. This ensures that most of the circulating $APUFF tokens are in a locked state, reducing selling pressure and maintaining the stability of $APUFF prices.
Voting Rights
Thirdly, users can obtain voting rights by locking up $APUFF tokens, controlling the distribution rate of $APUFF in each strategy and borrowing pool, thereby increasing profits and creating a positive feedback loop. This also incentivizes other protocols to bribe users with their tokens to vote for their strategies. Currently, Vector Reserve is prepared to offer $10k worth of tokens to their voters to increase the incentive for users to deposit into their own strategies. Voting rights also decentralize the protocol, delegating protocol rights to users and becoming a protocol that truly benefits users.
Valuation Estimation
Compared to similar protocols in the market such as Gearbox and Pendle, whose fully diluted valuations are $174 million and $1.07 billion respectively, AirPuff's valuation is expected to fall between the two. The protocol's low initial circulating supply (15% from the public sale and 1% from the private sale round) also adds stronger upward potential to the token.
In terms of product development, AirPuff's wider protocol coverage and cross-chain coverage, as well as more favorable interest rates for borrowing and leveraging users, overall make it superior to Gearbox, and the expected valuation is expected to be higher than that of Gearbox.
Conclusion
Overall, as a pioneer in the airdrop field, AirPuff, with the concept of maximizing airdrop rewards for users, has unlimited potential. With its own advantages, including greater borrowing flexibility, optimized borrowing experience, and the integration of artificial intelligence, AirPuff has carved out its own territory in the airdrop race and is expected to continue to leverage its strengths and expand its blueprint in the future.
AirPuff's governance token - $APUFF, with its functionality of airdrop dividends, will be launched on April 11th. Its revolutionary concept of airdrop dividends solves the problem of capital dispersion for ordinary users, becoming a centralized point for all airdrops, providing additional income for AirPuff users, and reaching new heights. |
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Post time 14-4-2024 20:30:47