GM Opportunities #11
Gm with Actual Farming & Shitcoining Opportunities, From Shittiest of Memecoins to Proper Farming Opportunities, Delivered to You On a Weekly Basis
Welcome to the Eleventh Episode of GM Opportunities
In this Weekly Series, you’ll find actual alpha that you can take advantage of, beyond the bits and pieces of alpha that you’ll find on the Daily GM Digest
This week, we'll explore promising airdrops that you haven't missed out on as well as two token picks that are likely going to perform well (due to all the hype / narrative). Let's begin!
AEVO Airdrop
• @aevoxyz is a derivatives L2 that is backed by @paradigm, @dragonfly_xyz & @coinbase
• All traders who used the exchange before the announcement are eligible for the airdrop, however additional tokens can be earned through the farming program
• The 'Farming Program' will reward users based on volume, fees, and loyalty to the platform
• Loyalty, measured by recurring platform usage, contributes to a "farming boost," a multiplier on earned tokens
• The Farming Program is set to launch in the coming days, and the Airdrop will be available for claiming after it concludes. The duration of the farming program hasn't been announced yet
https://app.aevo.xyz/
Mode Airdrop
• @modenetwork is an Ethereum L2 built with the OP stack that shares sequencer fees with devs, and has native stablecoin and ETH yield backed by @ethena_labs and @redactedcartel
• Mode just announced their Blast/Manta style airdrop campaign called 'Mode Sunrise', but with a twist
• As usual, you earn points by bridging assets and interacting with native dapps, as well as completing Layer3 quests. But the best part is that your assets are not locked; you can bridge them out
• Mode will be distributing 5.5% of token supply, or 550 million $MODE tokens for the points airdrop, with further increases upon reaching certain TVL milestones, and a lottery for the top 20% campaign participants
• The airdrop is scheduled for April
https://app.mode.network/early/
MetaStreet Airdrop
• MetaStreet is a NFT lending and borrowing platform that will launch their 'Ascend' airdrop campaign on Feb 7
• When Ascend launches users can accumulate points by depositing wrapped $stETH into Lending Towers backed by NFTs. Loan deposits are tokenized as Liquid Credit Tokens (LCTs) and earn yields ranging from 10% to 125%
• Early invite codes are now available, allowing users to earn more points by inviting friends, providing liquidity on Curve Finance, and participating in additional Lending Towers and LCT pools
• MetaStreet successfully raised $24M in two separate funding rounds led by investors such as @dragonfly_cap, @animocabrands and @Delphi_Digital
https://app.metastreet.xyz/home
Puffer Airdrop
• @puffer_finance's Crunchy Carrot Phase 2 is live, and users can deposit stETH for Puffer + EigenLayer points
• This early deposit phase offers a chance to earn rewards before the mainnet launch. The vault, audited by reputable firms, accepts only $stETH, aligning with Puffy's goal to safeguard Ethereum's decentralization
• Upon mainnet launch, all $stETH will be converted to native ETH and used for Puffer's own set of decentralized validators
• Deposit $stETH to receive $pufETH, which earns yield. Additionally, you will earn PufferPoints and lock in EigenPoints if you deposit before Feb 9
• Invitation codes allow you to earn points when friends deposit. Additionally, bringing $stETH from EigenLayer gets you 3x the Puffer Points
Degen Plays of the Week
Inscribe
• @inscribe_app is an omnichain marketplace for interacting with inscriptions
• Users will now be able to trade inscriptions on different chains more easily. For example, users will be able to buy BRC-20 tokens with an EVM address. Their roadmap includes a WebApp and a TG bot service
• $INS will be used for protocol governance and revenue share
• $INS would be a good play for those who are bullish on inscriptions. If the team executes well, the ease of purchasing inscriptions would drive more liquidity and demand for the inscriptions market
Trestle
• @trestleprotocol is protocol that serves as a bridge to provide wTIA on Ethereum, allowing holders to earn wTIA by holding $TREST and to become a decentralized validator at the same time, and to also be a TIA launchpad for new projects and also to onboard existing teams onto the TIA ecosystem
• Trestle seems to be following the same playbook as Taopad. With the recent run up in $TPAD’s price, $TREST can be expected to do well especially if the team manages to launch successful projects on their launchpad
• This could likely be a $MUBI for Celestia Ecosystem type of play as the project has a lot of backers pushing it
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*