Retroactive and airdrop are fertile ground to earn a source of income in the current downtrend market. However, a common situation of almost everyone (especially the rich) is to divide their capital into many different wallets in the hope of receiving more airdrops, in fact it is often the opposite because The total number of airdrops received by those wallets may not even be equal to one wallet.
In this article, Weakhand will provide a retroactive hunting strategy for the rich in the most optimal way to maximize capital instead of having to divide it into many different wallets.
Tactics Overview
This retroactive hunting strategy will optimize the efficiency of using everyone’s capital as best as possible with 8 different projects that people can receive airdrops in the future and are divided into 2 parts on Ethereum and Starknet. However, the initial capital required for this strategy is not small with a minimum of $5,000 to carry out all operations.
Projects in part 1:
- Swell Network: An LSD project has been invested by large investment funds such as IOSG Ventures, Framework Ventures and billionaire Mark Cuban.
- Gravita: An LSDfi Lending CDP project with stablecoin GRAI and heavily supported by Liquity Protocol.
- Slingshot: A DEX Aggregator project has raised more than $18M through 2 funding rounds.
Projects in part 2:
- Starknet: A Layer 2 project that is very familiar to those who often hunt retroactives, the operations in part 2 are used entirely on this network.
- Braavos: Since Starknet is not compatible with EVM, we will need a native wallet on this ecosystem.
- Orbiter: A bridge that helps us transfer assets between Ethereum and Starknet most conveniently.
- zkLend: Lending project on Starknet has raised $5M from Delphi Digital, CMS Holding, Amber Group,..
- Myswap: Leading DEX project on Starknet.
Retroactive Hunting Tactics for the Rich
Part 1: Ethereum
In this part, people will need to convert all $5000 into about 2.5 ETH at the current price to have the most flexibility in use.
Step 1: Staking ETH on Swell
- Visit: https://app.swellnetwork.io/
- Proceed to stake 2.2 ETH to receive swETH, everyone will need to keep about 0.3 ETH as transaction fee for the following steps.
Step 2: Mortgage and mint GRAI
- Visit: https://app.gravitaprotocol.com/vessels
- Choose to deposit all swETH and mint 2000 GRAI.
- The LTV level here will be quite safe at about 53.5%, however people can also mint a lot with higher risk.
Step 3: Swap GRAI to USDC
- Visit: https://app.slingshot.finance/
- Swap all newly minted GRAI into USDC.
Part 2: Starknet
In this section, we will begin migrating assets to the Starknet ecosystem and continue using applications here.
Step 1: Create wallet
- Visit: https://braavos.app/
- Proceed to download the wallet and store the passphase security
Step 2: Transfer ETH to Starknet
- Visit: https://starkgate.starknet.io/
- Transfer approximately 0.05 ETH to Starknet for transaction fees.
Step 3: Transfer USDC to Starknet
- Visit: https://www.orbiter.finance/
- Transfer all USDC from Ethereum to Starknet.
Step 4: Borrow ETH with USDC
- Visit: https://app.zklend.com/markets
- Supply 2000 USDC into zkLend then borrow 0.5 ETH, the corresponding LTV will be ~50%.
Step 5: Use ETH to provide liquidity
- Access the Braavos wallet user interface and select the Stake+ section
- Proceed to deposit all borrowed ETH into the Staking Boost pool.
Summary
The retroactive hunting strategy will generally be very effective if people have some idle capital and don’t want to involve themselves too much in projects.
The ETH price we assume in the article will be around $1900 with an average loan LTV of 50-55%. Therefore, if the price of ETH fluctuates between $1600-$2200, the above strategy will be very safe. If the price goes beyond the above range, people should follow these steps:
- Increased above $2200: Repay part or all of the loan at zkLend.
- Drop below $1600: Repay part or all of the loan at Gravita.
The above is a retroactive hunting strategy for the rich. Weakhand hopes that through this article, it will bring many huge airdrops to everyone.
