The recent Starknet airdrop activity has allowed many people to receive a huge amount of wealth. However, many users regretted missing out on this opportunity because they did not have enough funds in their wallets. Of course, from the time when the Lumao airdrop activity was involved until now, it is actually difficult for many users to achieve a direct ratio between input and output, because the uncertainty of airdrop conditions is particularly high. It is often easy to miss opportunities after working hard for more than half a year just because a small condition is not up to standard. In addition, various costs are added, so there is a certain probability of being kicked back.
For this reason, more people are beginning to turn their attention to well-known airdrop incentive activities, because the conditions of such airdrop activities are certain, so participants will also receive certain returns. At the beginning of this month, Lista DAO (formerly Helio Protocol) on the BNB chain released a series of well-known airdrop activities, which are not too popular at the moment. Lista DAO has received an investment of US$10 million from Binance Labs. It is a decentralized stable currency and liquidity staking project native to BNB Chain, and it itself has received support from Binance Labs. Judging from the performance of Binance Labs investment projects in the past, the expectations for this airdrop are very high. In addition, it is a well-known airdrop, so it is worth participating.
Lista DAO airdrop details
Helio Protocol is the largest decentralized stablecoin protocol on BNB Chain. The project strategically merged with Synclub in July 2023, and announced in December 2023 that it would be upgraded and renamed Lista DAO. Recently Lista DAO announced its own airdrop incentive activity. Users can earn points through contribution points interacting with officially designated projects, and later receive $LISTA token airdrops based on the points.
This event is divided into multiple seasons. The first season is from February 5th to February 29th at 23:59 (UTC+0). The second season will be held shortly thereafter. The total amount of tokens allocated is 2%. During the event, users can participate in 6 types of tasks to collect stardust (stardust points), which mainly include:
- Provide TVL on Lista (20% weight)
- Borrow lisUSD on Lista (5% weight)
- Deposit BNB and mint slisBNB on Synclub (40% weight)
- Offer lisUSD (15% weight)
- Provide liquidity for the slisBNB liquidity pool (20% weight)
- Created lisUSD and slisBNB trading volumes, including Pancakeswap, Wombat Exchange, APX V2, Thena Finance. Users can receive 1 Stardust for every USD 1 of trading volume generated, which is 0.2% of the total allocated amount. On APX, users need to deposit lisUSD as collateral to participate in transactions in order to generate qualifying trading volume.
As can be seen from the above rules, the first five interactions will take up more money and time, and are not friendly to ordinary users. Of course, users with sufficient funds are excluded. Then, the sixth activity is relatively more cost-effective and more suitable for earning points through transactions. Overall, task 6 can be given priority.
APX has the best price/performance ratio
APX V2 is a decentralized contract futures platform that is easier to generate more trading volume in a short period of time, has higher efficiency, lower handling fees, and can basically achieve zero slippage transactions. Pancakeswap, Wombat Exchange, and Thena Finance are all spot DEXs with low transaction efficiency, high handling fees, and most importantly, relatively high slippage, which will generate more wear and tear. In contrast, using APX for trading is the most appropriate. Under extreme circumstances, using 1001 times leverage and 100 US dollars, you can generate 100,000 transactions at a time, which is very efficient. In addition, the futures contract can be easily used for long and short hedging transactions, so its wear and tear cost is also very low, so you can focus on APX V2 trading to obtain the Lista airdrop activity.
If Lista opens with an initial circulation of 8%, and based on the scale of the project financing of US$10 million, a conservative initial circulation of US$50 million is not too much. Calculating the amount of APX airdrop to Lista is close to 0.2% (APX’s trading volume is much more efficient than other projects) ), which is equivalent to airdropping nearly 1 million US dollars of tokens to APX. This incentive amount is still very competitive.
Others may think that contract trading is very risky. In fact, in terms of trading volume, as long as we do not hold the position for too long and use the long-short hedging strategy, the risk can actually be controlled to very low, and the main cost is APX There are handling fees and other fees charged, so overall there are certain advantages in using APX to list DAO points airdrop. If you are not familiar with leverage trading, you can open a small amount of orders first to understand the profit, loss and risks, and then open orders with larger amounts.
Airdrop Tutorial
1. Get $lisUSD
There are many ways to obtain $lisUSD. For example, we can pledge BNB in Lista DAO and then lend $lisUSD, or purchase it in Pancakeswap. It is recommended to use stablecoins to purchase in Pancakeswap, mainly because of the high utilization rate of funds. . If we pledge, we also need to pay attention to the pledge rate and the currency price volatility of BNB. At the same time, the capital utilization rate is relatively low. If there are no special circumstances, we can give priority to purchasing directly in Pancakeswap.
lisUSD contract:
0x0782b6d8c4551B9760e74c0545a9bCD90bdc41E5
2. Open a position
Open URL
https://www.apollox.finance/en/futures/v2/
Use the Metamask wallet to log in, select BNB Chain online, then select the trading pair you want to trade, and then set the corresponding opening parameters, including principal, leverage ratio, take-profit and stop-loss lines, slippage, mode (Dumb mode, Degen mode or Classic mode with neither selected).
In the classic mode, we need to set the take-profit and stop-loss lines and the leverage ratio. It is similar to the normal exchange opening method. We mainly use the classic mode for trading.
Degen mode can obtain higher leverage, up to 1001 times, as well as zero slippage transactions and lower handling fees. The main thing is to open a good position and leverage at the right price, and set a take-profit.
In the Dumb mode, our main concern is the expiration time set after opening the position. After the time is up, the position will be automatically closed for liquidation, and a 6% fee will be charged when winning (greater than the opening price), and when failing (less than or equal to the opening price). If the position price is lower than the position price), all principal will be lost.
Dumb mode calculation is more complicated. Let’s give a simple example:
For example, we choose the long direction of BTC with an opening price of 51537.5USD and an expiration time of 5 minutes. At this time, if the currency price is greater than 51537.5USD at the end of 5 minutes, then we can get 80% of the profit and charge 6% Handling fee. If it is less than or equal to 51537.5USD, then we will lose all principal.
3. Close position
When closing a position, you can select "Close Position" in the position column.
After opening the position, you can close it in a few minutes, and then repeat the operation. It is worth noting that when we open the website, we need to confirm the operation on APX V2. There is no reward for V1. When operating, we need to If the invested funds are changed to lisUSD, USDT or other currencies for trading, you will not be able to obtain rewards.
The opening and closing position fees for cryptocurrencies on the BNB chain are 0.08%, and the position fees for foreign exchange are 0.02%. When opening a position, an execution fee of US$0.5 will be charged, that is, we will charge 0.08%+0.08%+0.5 US dollars for one transaction. .
Tips for scoring points
Generally speaking, in this incentive task, the risk rate of Dumb mode is relatively high, so it is not suitable for our purpose of brushing the transaction volume this time. Degen mode has a relatively high leverage ratio and therefore a high relative risk rate, so it can be considered appropriately. Give priority to using the classic mode. Users with high risk appetite can consider the Degen mode appropriately and do not consider the Dumb mode.
Generally, you can prepare two wallet accounts, one to open a long order and one to open a short order for hedging, which can reduce risks. The leverage ratio of the classic mode is relatively low. Setting a stop profit and stop loss can facilitate holding a position. The holding time can be 5 minutes or more. For a longer period of time, the probability of liquidation will be reduced. You can also use futures hedging, that is, short the contract on APX V2, and then use lisUSD to buy the corresponding leverage amount of tokens on Pancakeswap.
Don't pursue an excessively high leverage ratio. Generally, a leverage ratio of 3-10 times is sufficient. High leverage ratios must be hedged, and opening positions should be chosen when the market is stable. At the same time, do not hold positions for a long time. You can get higher leverage by using Degen mode, but we need to pay attention to currency price fluctuations. Generally, you can consider trading tokens with small price fluctuations such as BTC or ETH. You can only add margin in classic mode, and you cannot add margin in Degen mode. .
Foreign exchange transactions (similar to stablecoin exchange) are also supported in APX V2. For example, trading pairs such as the euro against the US dollar, the Japanese yen against the US dollar, and the Australian dollar against the US dollar have relatively low volatility. You can consider increasing the leverage ratio and giving priority to these types of products. .
However, the foreign exchange market is not a 7*24-hour transaction. The specific trading hours are open all day from Monday to Thursday, closed at 23:00 (UTC+0) on Friday and Sunday evening, and closed all day on Saturday. We can select foreign exchange in the variety column. Due to low volatility currently, trading can be considered.
About APX
APX ( apollox.finance ) is a decentralized derivatives DEX that supports multiple chains. APX received investment from Binance Labs in 2022 and supports BNB Chain, Arbitrum, opBNB, zksync, Manta Network and Base chain. As of now, APX's TVL has reached more than 45 million US dollars, and the number of users is close to 180,000.
The main advantages of APX to attract users are as follows:
- The classic perpetual contract can reach 250 times, and in Degen mode it can provide leverage up to 1001 times;
- The slippage is low, as low as 0.01%, and the slippage in V2 Degen mode is 0;
- It has high transaction performance and is used by more than 30 partners including pancakeswap;
- Position isolation, if one position is closed, it will not affect other positions.
At present, APX is already the largest decentralized derivatives exchange on the Binance Chain, and the security of assets traded on APX is relatively high. Coupled with the support of Binance Labs, it will naturally gain more attention, which is another major factor that attracts users to APX.
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