Get an overview of 4 strategies and 10 protocols to maximize your asset's potential and benefit instantly

Author: Tindorr, Crypto KOL

Compilation: Felix, PANews

Many people feel that they need a lot of money to trade, get airdrops, or generate yield, but they don’t. Here are the 4 strategies and 10 protocols used by crypto KOL Tindorr to maximize the potential of the asset and get all the benefits instantly. If you want to perform an operation (lending/borrowing/staking), it is best to find a token-free protocol, which will increase the chances of getting an airdrop.

Staking + airdrop

The best staking platforms on ETH are EigenLayer and Blast. If you hold ETH or SOL, it’s best to stake it to get more out of your stake (3%-7% APR).

For EigenLayer, it is recommended that you prepare stETH and rETH and wait for the timing, as EigenLayer may become the main narrative in 2024.

Blast could get a huge boost in 2024. Blast currently runs a points system that can earn more airdrops by depositing ETH (which cannot be withdrawn until February 2024) and inviting more users to participate, which is expected to be very large.

Borrowing + Airdrops/Rewards

If you’re looking for a lending protocol, you can choose networks that are gaining momentum, such as Solana and Sui.

On the Solana network, the Marginfi protocol runs a points system that allows you to earn points by borrowing and lending. Authors earn APY+ points SOL lending in this protocol and receive potential airdrops. USDC are borrowed when needed.

The Scallop protocol on the SUI network can borrow stablecoins. Borrowing USDC can still earn 10% APY. You can transfer your assets to the SUI network by using the cross-chain protocol Wormhole, which also allows you to receive potential airdrops from Wormhole.

DeFi Mining (High Yield Only) + Airdrop (Optional)

If you’ve done the above, then you’ll need to look for an ultra-high yield + airdrop (if any) that fits your risk profile.

The list of agreements is as follows:

• IPOR Labs: 40% APR for ETH and stablecoins (USDC/USDT/DAI) with no IL (impermanent loss)
• Stella: The APR of leveraged wstETH on Arbitrum is 95%, and the IL (Impermanent Loss) is close to 0
• Cega: APR of 48.32% for USDC options

On-chain transactions + airdrops

If you are currently trading on the CEX, it is recommended that you switch to DEXs and trade on-chain. Some people may not have experience in DEX trading, but when you qualify for an airdrop, it’s all worth it.

The author is currently trading on 3 DEXs:

• Drift Protocol: A derivatives exchange on Solana with rising trading volumes
• Hyperliquid: On the Arbitrum network, Perps + excellent team with CEX experience
• Derivio: The leading derivatives ecosystem on zkSync

Some Perps and DEXs are account-based protocols, meaning that these protocols you can cross-use with one account, such as you can deposit assets such as ETH, SOL, as collateral and trade Perps on them.

Related Reading: Stepping on the Wind, Solana’s Latest NFT Investment Guide