GM Opportunities #6
Gm with Actual Farming & Shitcoining Opportunities, From Shittiest of Memecoins to Proper Farming Opportunities, Delivered to You On a Weekly Basis
Welcome to the Sixth 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
First Section is Farming — This week, we will be exploring airdrop farming opportunities in addition to earning re-staking and lending yields
Airdrop Farming has become more popular with ecosystems and protocols running upfront farming campaign to attract TVL
Kelp x EigenLayer
• The @KelpDAO Miles program incentivizes restakers with additional benefits on top of the yield from restaking ETH, and EigenLayer's restaked points
• Restakers who deposit on Kelp their $rsETH, $stETH, and $ETHx receive double rewards: EigenLayer Points and Kelp Miles
• For the first 90 days, participants receive 1.25 times the regular Kelp Miles
• Kelp miles and EigenLayer points will be redeemable for the native tokens of both protocols at a later date. This means that you have the opportunity to farm two airdrops while also earning restaking yield
Swell x EigenLayer
• Deposits for restaking @swellnetworkio’s swETH on EigenLayer are open, providing an opportunity for double rewards in the form of Pearls and EigenLayer Points
• The restaking cap is set at 200,000 ETH for $swETH and a total of 500,000 ETH for all LSTs. Once the total capacity is reached, deposits will be paused
• To encourage participation, Swell is offering extra Pearl rewards. 30 Pearl minting bonus per $swETH minted through the app, and 30 Pearl restaking bonus per swETH deposited on EigenLayer
• Pearls earned for minting, restaking, and holding on EigenLayer will be added to users' Voyage dashboard
https://app.swellnetwork.io/
Manta Network
• @MantaNetwork is a new L2 utilizing Celestia, with an incentive program similar to Blast
• They recently raised $60M in funding and confirmed that 5% of the $MANTA token supply will be airdropped to participants
• To be eligible for the $MANTA airdrop, you must bridge ETH or USDC. However, please note that withdrawals will only be possible 69 days from the start of the campaign
• Currently, the TVL on Blast is over $800M, while there is only around $80M on Manta. Depending on how you evaluate these chains, Manta might be a better option due to lower dilution
https://newparadigm.manta.network/
Spice x Blast
• Spice vaults offer yield from lending ETH on Blur, and Blur points for Season 3 that will translate to $BLAST tokens when the season completes
• During Season 2 Spice consistently ranked among the top farmers on Blur, achieving historical APY of ~118%
• You can either deposit directly in the SP-BLUR vault, or alternatively if you hold a Prologue NFT you can deposit in the Prologue Vault which has lower fees and allows for leverage farming
• In addition, it's worth noting that Spice Finance currently does not have a token. However, by engaging with the protocol, you may become eligible for an airdrop in the event that they decide to release a token in the future
https://spicefi.xyz/
Second Section — Memecoins & AI
OMNI (Meme)
• @OmniCatCoin is an omnichain memecoin powered by L0 which generated alot of hype recently
• $OMNI had LPs on Ethereum, BSC, Arbitrum, Polygon, Base, Solana and Canto which allowed users to arbitrage the price difference on the different chains
• The team tweeted that $OMNI has achieved over $100m in trading volume in the first 24 hours of the coin launch and is currently trading at $70m MCap according to CMC
CCC 0.00%↑ (Meme)
• @CCCTRX20 is a memecoin on TRON that was launched after Justin Sun tweeted about it
• $CCC is currently trading at around $6m MCap after its retrace from $13m MCap
AIT (AI)
• @AITProtocol is @PaalMind First Incubated project — AIT merges AI) and blockchain technology to establish an efficient data infrastructure
• It aims to address challenges faced by small AI startups in processing and analyzing big data.
• $AIT recently launched and is currently trading at the support level of $0.11 ($9.6m MC)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*