The future of interoperability is here, and Drop Protocol is leading the charge. Backed by a vibrant ecosystem of partners, Drop is launching the Droplets Program – a unique initiative designed to reward early adopters and measure community contributions. This comprehensive guide will delve into the Droplets Program, explaining how you can earn valuable rewards, contribute to Drop’s success, and become a founding member of the Drop DAO.
The Droplets Program: Building a Thriving Interchain Economy
The Droplets Program has a two-fold mission:
- Coordinating Market Participants: By incentivizing participation, Drop aims to foster a healthy and active interchain ecosystem.
- Measuring Value Contribution: Droplets act as a measure of your contribution to the protocol’s success. The more you participate, the more Droplets you earn.
Unlocking Rewards: Three Paths to Droplets
The Droplets Program offers a straightforward and accessible way to earn rewards. Here are the three main avenues:
1) Liquid Staking with Drop
- Stake assets like ATOM and TIA to receive dAssets (liquid versions of staked tokens).
- Earn 1 Droplet per day for every dollar of dAssets you hold.
- dAssets unlock additional benefits:
- Auto-compounded staking rewards: Enjoy automatic interest accumulation without manual intervention.
- Immediate exit: Unlike traditional staking, you can easily withdraw your assets without waiting for unbonding periods.
- Enhanced DeFi opportunities: Deploy your dAssets across DeFi platforms to generate additional yield.
2) Unleash the Power of dAssets in the Ecosystem:
Take your rewards to the next level by leveraging dAssets within Drop’s ecosystem applications. Here’s an example:
Robin stakes $10 worth of dATOM and uses it to provide liquidity on Astroport with a 5x multiplier for ten days. This earns him 500 Droplets, in addition to any trading fees and incentives the DEX offers. This translates to 400 more Droplets than simply holding dATOM for the same period.
3) Spread the Word and Earn Referral Bonuses:
Become an ambassador for Drop by sharing your unique referral code (available at droplets.drop.money once live). You’ll earn 25% of the Droplets your referrals earn, and an additional 12.5% of the Droplets earned by people your referrals refer! These are bonuses that don’t impact your referrals’ earnings.
Collaboration for Growth: Partner Multipliers
Drop recognizes the importance of a thriving ecosystem. Program participants who leverage dAssets in Drop ecosystem applications will receive significantly higher Droplet rewards through generous multipliers, compared to those who solely utilize liquid staking. This incentivizes the use of various DeFi protocols within the Drop network.
Navigating the Program Structure: Epochs
The Droplets Program operates in Epochs, which last roughly 1-4 weeks. Each Epoch introduces new ways to earn additional Droplets, building upon the previous ones. Here are some key points to remember:
- New Epochs won’t retroactively affect Droplets earned in past Epochs.
- New protocols and integrations may be introduced within an Epoch.
Epoch One: Bootstrapping Liquidity for Future DeFi
The first Epoch will focus on attracting initial liquidity to bolster Drop’s DeFi use cases. Here’s how you can multiply your Droplet earnings during this period:
- Provide liquidity on Astroport pools: Earn generous multipliers (5x to 50x) on dATOM/NTRN, dATOM/USDC, and dATOM/ATOM liquidity pairs, along with potential trading fees and incentives.
- Deposit Astroport LP positions into Apollo vaults: Enjoy 5x to 50x multipliers on your dATOM/NTRN, dATOM/USDC, and dATOM/ATOM LP positions while leveraging Apollo’s auto-compounding features.
- Provide liquidity on Levana perpetual markets: Earn 5x to 50x multipliers on dATOM xLP and dATOM LP pairs, coupled with potential trading fees associated with perpetual swaps.
Be on the lookout for more exciting opportunities as Epoch One progresses. Chains and applications interested in collaborating with Drop for future Epochs can reach out via X or Discord.
Watch the video for visuals of $DROP Airdrop:
Claiming Your Rewards: The Airdrop and Distribution Details
The Droplets Program is open to participants worldwide, excluding residents of the United States and other restricted areas (check Drop’s Terms and Conditions for the full list). As a thank you for your contributions, you’ll receive a share of the 100,000,000 DROP tokens (10% of the total supply) airdropped specifically for Droplets Program participants.
