CryptoLikeMo  ⚛️ 🧪

First off, some of these airdrops are life-changing. $250 invested in $JUNO in Dec could’ve been worth $45k+ two months later. That’s the power of $NETA. I missed this one, and it still hurts. F in chat, pls. 2/x

So what do you do? What do you stake? What do you LP? Well, the top two coins for airdrops are $JUNO and $ATOM. Then, $OSMO. A bit after that $SCRT. 3/x

I would personally stake $JUNO before $ATOM since airdrops are pretty even, but you also get much higher APR. After $ATOM, I’d do $OSMO. Only then would I do $SCRT. 4/x

How many should you stake? We’ve seen airdrops that reward regardless of size if you meet a minimum (e.g., $STARS, $NETA). We’ve see ones that have a minimum but reward based on size (e.g., $NOM, $BTSG). In both scenarios, you’re excluded if you don’t meet the minimum. 5/x

For ones that reward equally, you can literally change your life just by paying attention. Remember $NETA? Massive rewards came from voting on governance. We’ll come back to that later. 6/x

So how many coins should you stake? At a minimum, I’d do the following: $JUNO: 10 $ATOM: 10 $OSMO: 30 $SCRT: 30 In that order. In other words, I wouldn’t buy into the coins evenly. Stake your 10 $JUNO before moving on to $ATOM and so on. 7/x

These amounts will make you eligible for most upcoming airdrops, but what if you you want them all? Should you stake a larger bag of $JUNO before moving on to the next coin? Or should you get a smaller bag of each first? 8/x

I would likely get a small bag of $ATOM before completely filling my $JUNO. But I’d completely fill my $JUNO and $ATOM bags before getting even a small bag of $OSMO and $SCRT. What do I consider a full bag? 9/x

$JUNO: 20 $ATOM: 20 $OSMO: 50 $SCRT: 50 I don’t have an exact science for these numbers, it’s more based on gut feeling. Though, I’d consider even more $JUNO to be safe, in case someone wants to one-up $NETA in the future. 10/x

Will someone one-up $NETA, though? $MARBLE recently announced a similar airdrop requiring 20 $JUNO. With the price of $JUNO rising, I’d be surprised if anyone even matches $NETA in the future. $MARBLE, like $NETA, focused on governance. I think that’s a great approach. 11/x

How do you discourage people from gaming airdrops? Make it difficult. If you have the funds, it’s easy to manually fill a bunch of wallets. It’s less easy to manually vote on each governance proposal. 12/x

What if future airdrops don’t just take a snapshot but also require recent participation in governance? Let me emphasize RECENT. I don’t like how $NETA and $MARBLE vastly rewarded participating in EVERY proposal. 13/x

Should people who just joined the ecosystem be penalized? Balance in this area would incentivize new entrants and make them feel included. Speaking of governance, MAKE SURE YOU VOTE! 14/x

Taking a few minutes to exercise this fundamental right can potentially score you thousands of dollars in free money. Just ask the people who got 15 extra $NETA just for clicking a few buttons. 15/x

Let’s recap so far: Stake 10 $JUNO. Stake 10 $ATOM. Stake another 10 $JUNO. Stake another 10 $ATOM. Then stake your $OSMO and $SCRT. Vote on governance. 16/x

What if a project tries to be cute and requires non-round numbers? $NOM required 1.5 $ATOM. Not a bad idea to top off your staking bags with a little more coins just in case. 17/x

I actually think most projects will move away from the “fair” drop mechanic. Many do it in order to fight whale centralization. I don’t think that’s the best tokenomics approach. It’s great to help people with small portfolios build quick wealth, but is it ideal? 18/x

Put differently, is that mechanic in the best interest of the project? Doesn’t it incentivize smaller $JUNO and $ATOM stakers to sell quickly? If my portfolio is worth $500 and I get a $2,000 airdrop, am I really gonna hold? 19/x

At a minimum, I’d sell to buy more $JUNO or another blue chip project. We saw this immediately after the $STARS airdrop, when price dipped nearly 50% in a day. 20/x

Before you point out that $NETA pumped, it did dump first and it was also the most hyped airdrop since $JUNO. And recently, it’s had trouble sustaining upward momentum, I’d guess because people are taking profits at any opportunity. And could you blame them? 21/x

Before we get to airdrops from LP’ing, I want to touch on validator selection. Who should you delegate to when staking? First off, don’t delegate to a 0% commission validator. Many airdrops will exclude you based on that alone. 22/x

Second, if you know a good validator outside the top-50, or at least the top-20, go with them. We’ve seen bonuses for doing so with $MARBLE and $NETA and I won’t be surprised if we see more. 23/x

Third, consider validators that are offering airdrops to their delegators. Some might be gimmicky, but others might be worth a lot as we saw with $HUAHUA. 24/x

Ok, so we covered the staking aspect of airdrops. What about LP’ing? There’s @osmosiszone and @junoswapdex. Some pools are more likely to get airdrops than others. 25/x

On Osmosis, the best option is $OSMO / $ATOM. I’d also favor $OSMO / $UST. On Juno Swap, it’s $JUNO / $ATOM. Then $JUNO / $RAW and $JUNO / $UST. 26/x

I’ve seen some airdrops limit LP eligibility to certain pools, and those five are probably the safest. But I’d also be pretty confident in any pool that’s a combination of the big-5 ($ATOM, $OSMO, $JUNO, $UST, $RAW). This is assuming LP’ers are included at all. 27/x

LP’ers are sometimes excluded from airdrops. $RAW was notable in that it not only included LP’ers but emphasized them. That’s not too surprising, though, as $RAW is the Juno Swap governance token. 28/x

How many coins should you LP? I honestly don’t know. I’d look to the $HANSUM requirement of $150 as a reference point, but ymmv. 29/x

With all of this in mind, airdrops are not the only way to make it in the #cosmos ecosystem. Staking and LP rewards have been astronomical and shouldn’t be overlooked. Here’s a thread on how to stake and LP: https://twitter.com/cryptolikemo/status/1465107483626811393 … 30/x