An Overview of 7 Projects in the Sui Ecosystem That May Have Airdrops

Author: Xremlin, Crypto Researcher
Compiled by: Felix, PANews

In the crypto space, the key to earning your first $10,000 or $100,000 through airdrops is to position yourself early. Sui, as an innovative and decentralized Layer 1 blockchain, utilizes parallel processing to enable transactions to be completed quickly and efficiently. Additionally, Sui simplifies smart contract development on its platform using the Move programming language.

Market data shows that SUI briefly broke $1.4 today, reaching a high of $1.4336, with a 24-hour increase of 10.51%. Besides the excellent performance of the token, the TVL of the Sui ecosystem has been soaring in recent months, indicating a growing interest from users and developers. Currently, there are several no-token protocols in the Sui ecosystem. With Sui likely to continue gaining traction and growth, now is an excellent opportunity for early positioning.

Crypto researcher Xremlin has compiled a list of 7 potential protocols and interaction strategies. Notably, the following protocols mainly involve providing liquidity. Therefore, ensure to invest at least 100 SUI in each protocol.

Note: This article aims to provide market information and does not constitute investment advice; please DYOR.

Haedal Protocol

A liquidity staking protocol built on Sui that allows users to stake their SUI to contribute to the governance and decentralization of the Sui blockchain. Token issuance has been confirmed.

To stake SUI, please follow these steps:

Open https://haedal.xyz/stake
Connect your wallet
Enter the amount of SUI
Click "Stake SUI"
Receive your haSUI tokens

Volo

Volo is a liquidity staking solution built on Sui that maximizes the utility and liquidity of SUI tokens. Token issuance has been confirmed.

To stake SUI, please follow these steps:

Open https://stake.volo.fi
Connect your wallet
Enter the amount of SUI
Click "Stake"
Receive vSUI tokens

Note: You can use the tokens obtained from the liquidity staking protocols in the DeFi projects listed below, allowing you to interact with multiple protocols simultaneously to gain multiple airdrops.

Scallop

Scallop is a lending protocol on Sui and the first DeFi protocol to receive official funding from the Sui Foundation. The second phase of the "Scallop Airdrop Event" is currently ongoing.

Interactions can follow these steps:

Open https://app.scallop.io
Connect your wallet
Supply tokens
Borrow tokens
Click to complete the task

NAVI Protocol

NAVI Protocol is a lending protocol based on Sui that allows liquidity providers or borrowers to participate in the Sui ecosystem. The protocol has a points system that can generate NAVI tokens.

To earn points, please follow these steps:

Open https://app.naviprotocol.io
Connect your wallet
Supply tokens
Borrow tokens
Click to complete the task

BlueFin

The fastest decentralized perpetual protocol in the Sui ecosystem. The project has successfully raised a total of $29.2 million, with participation from institutions including Polychain.

You can now pre-farm BLUE tokens; please follow these steps:

Open https://bluefin.io
Click "Trade Now"
Start trading on the platform
Invite friends
Additionally, you can apply for the "Bluefin Vanguard Ambassador Program" by clicking to fill out the application form

KriyaDEX

KriyaDEX is a DeFi platform that offers a wide range of services from lending to perpetual trading. You can earn KRIYA tokens in the "Chakra" event. The second phase is about to begin.

When the new phase starts, you can follow these steps:

Open https://app.kriya.finance/spot/swap/
Trade tokens to generate trading volume
Provide liquidity
Complete the task: https://zealy.io/c/kriyadex-6508/questboard
Visit the "Rewards" page to check your performance.

Bucket Protocol

Bucket Protocol is a CDP (Collateralized Debt Position) protocol based on Sui that improves capital efficiency and stabilizes the price of stablecoins. The project has received funding from the Sui Foundation. Token issuance has been confirmed.

Follow these steps to qualify for potential rewards:

Visit the website https://app.bucketprotocol.io
Click "Position"
Borrow BUCK using your chosen collateral
Click "Tank Pools"
Deposit BUCK into the pool
Click "Fountain"
Stake LP tokens