Starknet is the next ecosystem where I and everyone will hunt to Airdrop the entire Starknet ecosystem with extremely good strategies that are optimal for the idle assets we have. In this article, everyone will learn with me the strategy to help leverage from $1 to $10 to make Airdrop hunting more effective than ever.
What are you waiting for? Let’s find out in the article below!
Airdrop Hunting Across Starknet Ecosystem
Why choose Starknet?
There are two main reasons for me to choose Starknet to do retroactive, including some reasons below:
- StarkWare in its last capital call was valued at up to $8B with the participation of many famous investment funds in the market.
- As in the latest information from the Starknet Foundation, it seems that the development team is very concerned about the community when in addition to possible Airdrops in the future, there has also been a proposal to use 400M STRK to compensate. part or all of a user’s transaction fee on the network.
However, there will still be certain risks because we do not know the culture of this platform. Except for a few platforms that definitely have airdrops, we still have to wait in the near future.
Determine goals and criteria
Some of the criteria for us to choose projects to do Airdrop on the Starknet ecosystem include:
- The project already has a product and users.
- The project received a development grant from StarkWare.
- The project has successfully called for capital from prominent investment funds.
- The project has outstanding activities on the ecosystem in 2023.
Make a list of projects that meet the criteria
Based on the above criteria, we will select a list of projects as follows:
|
Header
|
DEX |
Lending |
Derivatives |
|---|---|---|---|
|
first |
Ekubo, Myswap |
zkLend |
ZKX Protocol |
|
2 |
Jediswap, 10KSwap, SithSwap |
Nostra Finance |
– |
There are 2 projects that will definitely have Airdrops: Nostra Finance and Jediswap. Because Nostra has an Earn Point program, while JediSwap is 100% built by the platform community, most Tokens will be airdropped to early supporting users.
Identify action plans and risks
Now I will present my detailed strategy as follows:
- Step 1: People deposit Stablecoin USDC into Nostra and then borrow USDC, then deposit USDC back into Nostra and then borrow again into USDC. Do the rotation several times. If you have ETH, go to Ekubo to exchange ETH to wstETH. Take wstETH deposit into zkLend, borrow ETH and then take ETH to Nostra Finance to deposit.
- Step 2: From the amount of Stablecoin or Ethereum deposited as collateral on Nostra Finance and zkLend, people borrow ETH if the collateral is ETH and borrow out Stablecoin if the collateral is Stablecoin.
- Step 3: Use the borrowed assets above to swap and provide priority liquidity on Ekubo, Myswap and some other AMMs such as Jediswap, 10KSwap, SithSwap.
- Step 4: Use borrowed assets in Long – Short Lending protocols on ZKX Protocol.
I find the Lending & Borrowing model on Starknet quite simple and not too complicated like on Solana, so using leverage is very easy. Remember that you should borrow whatever you mortgage to reduce the risk level to a minimum.
Identify a goal as a specific number
Besides determining actions, we also need to have a plan with numbers such as:
- Nostra Finance: The goal is to be in the TOP 5,000 users with the highest scores.
- zkLend: Total loan and loan value maintained at $1,000.
- Ekubo, Myswap: Total trading volume is about $3,000 and liquidity supply per protocol is $500.
- Jediswap, 10KSwap, SithSwap: Total trading volume is about $2,000.
- ZKX Protocol: Total trading volume is about $10,000.
Continue to be creative in your own way
I believe that my strategy can still continue to be optimized and developed further, so I hope everyone can rely on this basic strategy.
To be able to develop from a plan like this, people can learn more projects and learn about how they work and then put projects together. How to use leverage to the maximum but also in the safest way.
Summary
And above is my Airdrop strategy on the Starknet ecosystem. Hopefully through this article everyone can understand more about the topic of airdrop hunting throughout the Starknet ecosystem.
