Pear Protocol【Airdrop Tutorial】

08-28
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Pear Protocol
On-chain spread trading platform
Introduction
Pear Protocol is an on-chain spread trading platform that enables users to create leveraged long and short positions on different assets. Spread trading, or pair trading specifically, is the concept of shorting one asset while going long on another.
Investors
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Flow Ventures
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RNR Capital
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Portico VC
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JY Capital
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[Airdrop Tutorial]

Pear Protocol allows users to trade crypto-denominated pairs (e.g., BTC-ETH) that can be represented as an ERC-721 token on demand to make pairs trading more accessible and capital efficient. The protocol has been audited by Shieldify.

Pear Protocol is hosting a 6-week airdrop campaign for users that trade on their platform.

Step-by-Step Guide:
  1. Some USDC is required to place trades, as well as a small amount of ETH to cover gas fees. Both of these assets need to be on the Arbitrum network.
  2. To get some ETH and/or USDC, head to Binance and withdraw to your wallet via Arbitrum.
  3. Visit Pear Protocol and connect your wallet.
  4. To qualify for the $PEAR airdrop, users need to trade certain amount of volume using either of the isolated margin or cross margin modes.
  5. Pear Protocol allows users to place “pair trades” for crypto markets. For example, if a user if bullish on SOL but bearish on ETH, they can create a SOL-ETH pair and go long.
  6. There are three volume tiers: trade more than $5,000, more than $25,000 and more than $50,000.
  7. After trading more than the volume threshold of each tier, head to the airdrop tab from the dashboard and click “Check Task”.
  8. Then claim the soulbound NFT.
  9. Users can claim up to 3 soulbound NFTs for each volume tier.
  10. The list of wallets that qualify will be closed on October 9th (6 weeks from the start of the campaign).
  11. Follow Pear Protocol on X for further updates.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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