artbandit (@artbandit) β’ Hey
Art π¨ NFTs πΌοΈ
ENS Domainer
Web3 Advocate
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solutions-oriented.
psychology buff.
utopian idiot.
Publications
- I'm about to start creating videos on psychology, philosophy, offgrid living, and digital assets very soon. Stay tuned.
- I think that it's important for our space to defend ZachXBT so I'm sharing his tweet here.
Btw I was also rugged by Machi on Squid NFT so I can confirm that π€·
https://twitter.com/zachxbt/status/1669783717236342785?t=Cv3p09jp42ls_DKmf1CV7Q&s=19
- HOW TO PREPARE FOR EIGENLAYER TESTNET β‘οΈ
This could be one of the next big trends.
Eigenlayer: A protocol on Ethereum to "re-stake" your ETH.
How does it work and is there a potential big airdrop?
π§΅π
1/7
What is EigenLayer?
EigenLayer enables ETH stakers to restake their ETH or LSD (stETH, rETH) to secure other apps on the network, earning additional rewards.
Users opt-in Eigen's smart contracts and stake to earn interest on top of the existing ETH POS interest.
2/7
How does EigenLayer work?
You can refer to my thread from January to learn more about the technical aspects, if you wanted to:
https://twitter.com/OlimpioCrypto/status/1610013658125328384
3/7
Status of EigenLayer
The initial phase of the three-stage launch plan for EigenLayer's protocol, the Stage 1 Testnet, was unveiled by the company on the 6th of April, 2023.
This testnet is not incentivized. But you can try it now! π
4/7
STEPS TO START: (this is in Goerli Testnet)
1. Get Goerli ETH on faucetlink.to/goerli or faucet.paradigm.xyz
2. Switch your wallet RPC to the Goerli Test Network
3. Send some Goerli Test ETH to this address 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F to get stETH
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STEPS CONTINUED:
4. Visit goerli.eigenlayer.xyz and connect your wallet
5. Click the βLido Staked Ether (stETH)β option
6. Enter the amount you want to deposit and stake the stETH you just received
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7. Approve and confirm the transaction
8. See your balance on the dashboard.
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POSSIBLE AIRDROP?
β’ Not likely, for now.
β’ They have not confirmed any airdrop.
β’ Testnet is not incentivized.
However, it usually is a good idea to be an early adopter in the crypto space. It might pay off! πͺ
Moreover, this is a testnet, so no capital is needed.
β‘οΈ
- MIRROR & GET YOUR MEETVERS SCORE π
- https://luduvigo.substack.com/p/how-to-grow-on-lens-interlude-grow-gang-0-to-20
- Number of times the word **`lenster`** used in posts daily π, very bullish π
- ARB distribution model was designed by Nansen π΅ π¦
+2,300,000 addresses bridged to Arbitrum before the snapshot.
Online 625,143 were eligible for ARB. Only around 30%!
What can we learn from their report?
5 key take-aways so you don't get excluded from airdrops β‘
1/5
Eligibility Criteria:
- Conducted transactions: number, value, and time thresholds
- Arbitrum Nova: bridging & conducted transactions
- Dapps and Governance activity
- Liquidity providing
π‘ Take-away: the more different activities, the better. Be active!
2/5
USD Value. I know this is a given, but it's important to stress out.
β’ The majority of wallets transact on small USD amounts
β’ The majority of wallets got small airdrops (USD value terms)
π‘ Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it!
3/5
The number of transactions
β’ The majority of the wallets made 1-2 transactions (1M+ wallets)
β’ Only 100k wallets made 50-100 transactions
Median = 3
Average = 28
π‘ Take-away: more transactions = more valuable airdrop.
Become a recurring user.
4/5
Sybil wallets:
β’ The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop
β’ Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop
β’ 172k wallets excluded
π‘ Take-away: be user, not a "hunter"
5/5
Negative criteria β οΈ
This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB.
These users got less ARB:
β’ All transactions in a 48h period
β’ Interacted with only 1 smart contract
β’ Low ETH balance in Snapshot day
There's a lot more data in their official report.
Read the full blog post here:
π nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community
Join alpha discord: https://earndrop.io/discord
- Hi π