Are you anxious about another airdrop? I'll guide you step by step to ambush the star project Monad

Author: Deep Tide TechFlow

Recently, everyone's mindset has been messed up by airdrops, with projects like pizza, ionet, zksync, and so on… a continuous stream of project airdrops.

Although many projects' witch-hunting actions have caused airdrop results to be like exam results, with some happy and some sad, the wealth effect may not be as exaggerated as the last round of airdrops, but the stories of getting rich from airdrops continue to entice people.

If you don't know which project to invest in, you might want to learn about the leading parallel EVM narrative, Monad.

With a hardcore technical background and massive financing, Monad, backed by numerous top institutions, naturally attracts a lot of market attention.

This article will give you a quick overview of the various opportunities to participate in the Monad ecosystem.

Hardcore Technology, but with Meme Attributes

Monad is a high-performance Layer 1 that focuses on the concept of parallel EVM, aiming to improve and enhance the execution efficiency of EVM through parallel processing methods, thereby unlocking the potential of the EVM ecosystem.

The official white paper states that Monad achieves a processing capacity of up to 10,000 TPS, comparable to Solana's processing performance, while being EVM compatible, meaning Ethereum smart contracts can easily migrate to run on Monad. Imagine a future where Solana and ETH are fused together.

The primary market has already recognized Monad's potential. In April, Monad Labs announced the completion of a $225 million financing round led by Paradigm, which is currently the largest cryptocurrency financing of the year. As of April 10, the total financing has reached $244 million.

Not only does it have hardcore technology and a strong financing background, but Monad's official marketing style is also well-received.

The Monad community has a very positive attitude towards meme culture, with the official team frequently interacting on Twitter using various memes and hosting weekly community meme-making events. Monad, which permeates various meme cultures, may initially give the impression of being a memecoin, contrasting sharply with its hardcore technical narrative.

This relaxed and friendly marketing approach has naturally garnered positive responses from the community, with each of Monad's tweets receiving a lot of interaction from community members.

Community Activities + Project Interactions, Diverse Ways to Participate in the Monad Ecosystem

High-performance narrative + star-studded background + savvy official team, does it give you a feeling that "something big is coming"?

However, Monad is still in the non-public internal testnet phase and has not been opened to users on a large scale.

Nevertheless, there are still many "roundabout ways" to participate in Monad's future airdrops.

Join the Community

Earlier, Wormhole airdropped its token $W to all members of the Monad Discord group, indicating that being a member of the Monad community is genuinely valuable.

Monad welcomes healthy dialogue within the community and encourages community members to actively engage in project development. Therefore, actively joining the community and participating in discussions is a good way to strive for Monad token rights.

In the community, actively participating in discussions can earn you a DC group identity.

Every week, the Monad community hosts various activities, including AMAs on Twitter, community poker entertainment, brainstorming sessions, and more.

The community also encourages users to introduce Monad to others in their own way, including but not limited to creating meme images, writing introductory articles, etc.

Interact with Ecosystem Projects

Although Monad has not yet launched its mainnet, many projects have already settled on the Monad network. Interacting with deployed ecosystem projects is also a viable option for the yet-to-launch mainnet.

Liquidity Protocol Elixir

Elixir is an on-chain order book liquidity enhancement protocol. By integrating with the Monad ecosystem, Elixir allows users to provide liquidity locally to various currency pairs. Elixir aims to bring a layer of permanent liquidity to Monad, benefiting the entire ecosystem.

Elixir is expected to release its token airdrop in Q3 2024. Currently, you can participate in interactions by minting $EXLETH and providing liquidity.

Minting $EXLETH:

• Visit https://elixir.xyz/apothecary

• Connect your wallet

• Mint ELXETH

• Deposit $ETH (at least $100 to receive rewards)

• Claim the Elixir mystery box, with the ability to withdraw deposited $ETH in August

Providing Liquidity:

• Go to Elixir's liquidity page https://agg.elixir.xyz

• Connect your wallet

• Click on the currency pair and provide liquidity

Decentralized Exchange Swaap

Swaap Finance adopts the AMM model, allowing users to trade without a traditional order book. It combines oracles and dynamic spread mechanisms to provide market prices more accurately and automatically adjusts spreads based on market conditions. By dynamically adjusting the asset allocation and trading fees in liquidity pools, it offers sustainable returns to liquidity providers.

Since SwaapV2 has not yet opened the Swap function, the current interactive method is simpler. Users can deposit assets to add liquidity and earn returns.

Adding Liquidity:

• Go to https://earn.swaap.finance/

• After linking your wallet, select the corresponding assets to deposit

Interact with Partner Projects

As mentioned earlier, Wormhole provided airdrop shares to the Monad community during the TGE, so Monad is also likely to airdrop to the Wormhole community, especially since Wormhole recently opened staking for the token $W, which adds another layer of possibility for Monad airdrops. You can now try to earn Monad airdrop opportunities by participating in the Wormhole ecosystem.

Staking $W

• Go to the Wormhole staking page https://tally.xyz/gov/wormhole

• After linking your wallet, choose to stake

• Select a node to stake

Using Wormhole Cross-Chain

• Go to https://portalbridge.com/

• Link your wallet to use Wormhole for cross-chain

* Cross-chain interactions are based on the principle of doing what can be done, with a focus on $W staking.

Summary

A strong background and an active community also indicate that Monad is not a shell project living off public funds. Once the official testnet goes live, it will undoubtedly attract a large number of yield farming studios to compete.

For individual players, taking advantage of the relatively low competition to participate in the Monad ecosystem in advance is a good way to alleviate airdrop anxiety and achieve high-risk, high-reward profits.

PS: This article does not constitute any investment advice. Project interactions carry risks; it is recommended to use a new wallet address for project interactions.