Last-minute LRT airdrop farming: Zircuit, Karak, AirPuff, Pendle, Swell
Post902 words
Five tiered strategies to farm remaining restaking and LRT points, each with thesis, rewards, cost and risk, plus two non-LRT plays. Flags ezETH's depeg, Karak's team reputation risk and the total loss of principal on Pendle YT positions. Includes invite codes.
Key claims
Zircuit has over $2B in restaked assets
Karak is at $400M TVL with team reputation risk
Pendle YT plays lose all principal at maturity but can give 10x or more point leverage
Last Minute Restaking/Eigenlayer Airdrop Maximization Guide (& more) ♾✨
Liquid restaking on @eigencloud is a multi-billion dollar ecosystem and LRT airdrop season is your chance to make it.
Time is running out and the list of upcoming billion $$$ launches to farm is shrinking as key protocols like @ether_fi, @renzoai or @KelpDAO are going live with tokens & airdrops already.
While @renzoai has created quite a shitstorm with its tokenomics design choices, it will probably still reach a considerable valuation and estimates put points at 0.1$.
But is it all over?
No anon. There are still opportunities. 👇
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♾ Strategy 1: Swim with cats
Project: @zircuit
Thesis: Zircuit is a zk rollup with parallelized circuits and AI-enabled security at the sequencer level and over $2B in restaked assets. Will probably launch soon but likely after LRT protocols. Could be huge and might be an interesting play on the narrative without much additional risk/cost and still some time left.
Rewards: Staking Yield + Restaking Yield + EL Points + LRT Points + Zircuit Points
Strategy: Restake LRTs like $rsETH, $eETH or $ezETH on Zircuit. You can withdraw at any time. You will have to do this on Ethereum L1.
Cost: Nothing, just gas to stake.
Invite Codes (should work many times):
✦ ei7pl7
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♾ Strategy 2: Rub the magic lamp
Project: @Karak_Network
Thesis: Even though there is some FUD (do your research anon, you might lose your funds), I deposited a little bit of capital. Asset-agnostic, universal restaking layer and Eigenlayer competitor. Huge backers and already at $400M in TVL. Still early though probably compared to many other opportunities. Comes at some risk (team has bad rep) but can add some yield on top for degens. Staking some $rswETH there with 3x Swell point multiplier.
Rewards: Staking Yield + Restaking Yield + EL Points + (🚀) LRT Points + Karak XP
Strategy: Restake LRTs like $rsETH, $eETH or $ezETH on Zircuit. You can withdraw at any time. Happening on Ethereum mainnet.
Cost: Nothing, just gas to stake.
Invite Codes:
✦ c9UJU
✦ PpKkE
✦ FRQ3d
✦ cb1OY
✦ dZlXx
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♾ Strategy 3: Leverage the buff
Project: @airpuff_io
Thesis: Time is running out on Renzo and Kelp airdrops, but they will both be worth billions and some skin in the points game might be quite valuable. Airpuff allows you to leverage-farm points without losing the principal (your ETH) and can be a good tool to increase exposure without excessive risk. Worth thinking about this strategy a bit before aping though. $ezETH has proven depegs can happen.
Rewards: Staking Yield + Restaking Yield + 🚀 EL Points + 🚀 LRT Points + AirPuff Points (Season 1 airdrop coming up)
Strategy: Deposit $ETH, $rsETH or $ezETH on Ethereum or Arbitrum as collateral and borrow USDC to leverage farm points without sacrificing your principal.
Cost: Gas + Interest paid
Invite Codes:
✦ 0I9EN0
✦ HVPPDP
✦ L31W7K
✦ FSPPVU
✦ YW6H9X
✦ 17KWJ3
✦ 4SP7GM
✦ 4ML2V5
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♾ Strategy 4: All in yield
Protocol: @pendle_fi
Thesis: The riskiest play of them all is to buy low-value YT-ezETH on Pendle that mature in a few days. Means you will get exposure for 100s of $ETH to farm points (also EL) last minute, but remember, you lose the $ETH you throw in. With point multipliers of e.g. 2x on Renzo points, you get even more yield out of it. With rsETH you can also consider going for the YT-rsETH Zircuit, which allows you to not only farm Kelp Miles but also Zircuit points with leverage. However, the value of Kelp points might not be the same once the token is live, which you should consider as well. Definitely do the math if you consider going for this one, regardless of how close maturity is (the closer the more important is every hour of yield tho).
Rewards: Staking Yield + Restaking Yield + 🚀🚀 EL Points + 🚀🚀 LRT Points
Strategy: Buy YT-rsETH or YT-ezETH on Pendle to leverage up your point earnings massively. (10X and more, depending on value/maturity of YT).
Cost: Gas + Principal amount (YT will be worth 0 at maturity)
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♾ Strategy 5: Pearl fishing
Protocol: @swellnetworkio
Thesis: Swell is yet to announce its token launch and airdrop details and there might be some time left to farm Swell points. Swell is also launching an LRT-focused L2 on the Altlayer RaaS and for two weeks you can still bridge assets (incl. $ALT, $ETH, $rswETH and more) to get bonus EL points and a bonus SWELL airdrop.
Rewards: Staking Yield + Restaking Yield + 🚀 EL Points + 🚀 LRT Points
Strategy: Deposit asset of choice on the Swell homepage. Deposits open for 13-14 more days.
Cost: Nothing, just gas.
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🎁 Bonus Alpha: Non-LRT strategies to consider
If after the whole $REZ disaster and the $ezETH liquidations you want to focus on other narratives, I have two more gems in store for you.
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Strategy 1: Use @deBridgeFinance, an intent-based cross-chain DEX to move funds across chains and gather points.
Invite Codes (should work many times):
✦ 19664
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Strategy 2: Deposit $stETH (potentially stake on Lido as first step) with @MorpheusAIs and farm $MOR claimable on the 8th of May.
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⚠️ NFA but DYOR and position yourself wisely anon. This really is a narrative you shouldn't be fading. @eigencloud season will print millionaires and you can be among them.