Through its one-stop service, AirPuff captures numerous airdrop opportunities in the market, effectively addressing the challenges of user fund diversification.
Introduction: AirPuff, the leader of the airdrop new wave
Challenges and opportunities in the era of Airdrop 2.0
Core advantages of AirPuff
Leverage strategy:
Economical efficiency:
AI technology application:
Stablecoin lending:
Competitive analysis: Comparison between AirPuff and other platforms
Comparison with Pendle YT
Comparison with Pendle PT
Comparison with Gearbox
Details of AirPuff token issuance
$APUFF – A comprehensive airdrop governance token
Market valuation analysis
Conclusion and outlook
This article is a sponsored post written by AirPuff, provided by AirPuff, and does not represent the position of the platform or serve as investment advice, purchase advice, or sales advice. Please see the disclaimer at the end of the article for more information.
Participating in airdrop activities has become a preferred path for users to accumulate wealth due to its low entry threshold and high potential returns. However, with more capital participation, the rewards that ordinary users can receive from airdrops are gradually decreasing. With the launch of various popular projects, users’ investment funds are becoming more and more diversified, resulting in insignificant rewards from airdrops for individuals.
The emergence of AirPuff solves this problem. It is committed to providing users with comprehensive airdrop strategies, aiming to minimize investment costs while maximizing airdrop returns. Through its one-stop service, AirPuff successfully captures numerous airdrop opportunities in the market, effectively addressing the challenges of user fund diversification.
In 2023, the total value of airdrops in the DeFi field reached a staggering $4.6 billion. Looking ahead to 2024, the market’s expectations for airdrops are showing exponential growth. It is expected to include heavyweight projects such as EigenLayer, various liquid restaking projects, Ethena, and native tokens of numerous top L1 and L2 blockchains, indicating that 2024 will be a landmark year in the history of airdrops.
However, as time goes on, the requirements and standards of airdrop projects continue to evolve. From the initial simple distribution based on user activity, it has gradually evolved into the introduction of complex scoring and referral systems, making the whole process more gamified and complicated. At the same time, the growth of the total locked-in funds is also crucial. For ordinary users with relatively limited funds, it increases the difficulty of obtaining a larger share from airdrops.
AirPuff allows users to leverage up to 15x, which not only increases their scores and shares but also significantly enhances the possibility of receiving more airdrops. Compared with other leverage platforms, AirPuff provides users with greater flexibility and elasticity, helping them maximize their profits.
Economical efficiency:
According to data from Whales Market, the cost of obtaining one EigenLayer point is approximately $0.2. However, users adopting AirPuff strategies have an average cost of only $0.11 per point when opening positions. This saves about 45% of the cost compared to purchasing points off-exchange, providing users with a more cost-effective option.
AI technology application:
AirPuff’s next plan is to integrate AI technology into airdrop strategies. By utilizing artificial intelligence technology to analyze market trends and airdrop information, AirPuff can help users accurately grasp the most timely and suitable airdrop opportunities, effectively maximizing airdrop returns within limited funds. In addition, integrating AI into strategy design can provide users with the best airdrop strategy recommendations based on their risk preferences and asset allocation, while shortening the time for product development and listing, enabling AirPuff to quickly capture market hotspots and provide timely support.
Stablecoin lending:
AirPuff not only supports borrowing ETH but also allows users to borrow stablecoins, which is equivalent to opening a long position for ETH. When the price of ETH rises, users can earn additional profits because the debt amount remains the same. This strategy is especially suitable for users who want to participate in airdrop activities and have confidence in the price of ETH, allowing them to achieve dual benefits by participating in airdrops and leveraging ETH’s price.
Comparison with Pendle YT:
Users adopting AirPuff strategies face less price risk compared to holding Pendle’s YT (Yield Token). The benchmark asset for AirPuff strategies can be ETH or stablecoins, and compared to YT, the price of YT fluctuates more due to market expectations of future yields and usually drops as the expiration date approaches. Therefore, compared to the risk of YT price decline, AirPuff’s strategies based on ETH or stablecoins as benchmarks carry less risk for users.
Comparison with Pendle PT:
AirPuff’s lending strategy can better capture potential profit opportunities in assets. Compared to Pendle’s PT (Principal Token), the latter locks in interest rates at the time of purchase, giving up the possibility of interest rate increases. The lending rates of AirPuff will fluctuate based on the utilization rate of the lending pool, and due to long-term high demand, even for blue-chip assets like ETH, the average interest rate can reach 60%, providing users with greater profit potential.
Comparison with Gearbox:
AirPuff provides users with greater flexibility through its maximum leverage of 15x and stablecoin borrowing options. Compared to Gearbox’s product, which only supports a maximum of 10x ETH borrowing capability, AirPuff’s uniqueness lies in its higher leverage ratio and the ability to use stablecoins as another form of ETH long position, further enhancing the potential for higher returns for users.
AirPuff will conduct its token public sale through Fjord Foundry’s Liquidity Bootstrapping Pool (LBP) from April 8th to 11th, planning to sell 15% of its total token supply.
Looking at the projects that have conducted public sales on Fjord Foundry in the past month, the median fundraising amount reached $4.85 million, and the highest fundraising amount reached $10.78 million, with a valuation of up to $167 million. It is worth noting that most of these projects are still in the development stage and have not launched mature products. In contrast, AirPuff has not only locked in more than $8 million but also successfully launched more than 11 cross-chain airdrop strategies, demonstrating its project’s strong potential and market popularity. Due to its strong background and project performance on the fundraising platform, AirPuff’s token public sale is built on a solid foundation, indicating its success.
$APUFF, as the governance token of the AirPuff platform, aims to become the core of the airdrop field, providing a foundation for all airdrop activities. Users holding $APUFF can enjoy three main benefits: airdrop dividends, additional $APUFF distributions, and voting rights.
Airdrop dividends:
By locking $APUFF, users will receive a 5% airdrop dividend from all participants in leverage strategies, providing additional passive income opportunities for holders. This means that users do not need to disperse capital to different projects but only need to hold and lock $APUFF to automatically receive governance tokens for all projects on the platform during airdrop distribution, effectively solving the problem of fund diversification and optimizing the process of maximizing returns.
Additional distribution mechanism:
By locking $APUFF equivalent to 5% of their position value, users can receive continuous additional $APUFF distributions. For example, if a user’s position is $1000, they need to lock $50 worth of $APUFF to enjoy additional distributions. This mechanism ensures that most $APUFF remains locked, reducing market selling pressure and helping maintain price stability.
Voting rights:
Users holding $APUFF will also have voting rights, which can influence the allocation ratio of $APUFF in various strategies and lending pools, thereby increasing their profit potential and forming a virtuous cycle. In addition, this mechanism encourages other protocols to offer their tokens as rewards to induce user voting support for their strategies. For example, Vector Reserve is ready to provide tokens worth $10k as rewards to voters to increase user involvement in their strategy. The voting mechanism promotes the decentralization of the protocol, empowering users with decision-making power, making it a platform that truly benefits users.
When comparing AirPuff with similar platforms on the market such as Gearbox and Pendle, it is found that the fully diluted market cap of both of them is $174 million and $1.07 billion, while the actual market value is $87 million and $417 million, respectively. Based on this comparison, we expect AirPuff’s valuation to fall between these two figures. Especially, AirPuff’s lower liquidity supply (including 15% public sale and 1% private sale) at the market launch will provide greater room for token price growth.
From a product development perspective, AirPuff’s advantages, including wider service coverage and support for cross-chain operations, as well as more favorable interest rates for borrowing and leveraging users, make it more competitive compared to Gearbox. Therefore, we expect AirPuff’s valuation to surpass Gearbox, reflecting its higher potential value and growth prospects in the market.
Overall, as the pioneer in the airdrop field, AirPuff demonstrates tremendous growth potential with its core concept of maximizing user airdrop benefits. With its outstanding lending flexibility, optimized lending experience, and integration of artificial intelligence technology, AirPuff has successfully established its position in the airdrop market and is expected to continue leveraging these advantages to expand its business scope.
With the launch of the $APUFF governance token, planned to be available to the public on April 11th, AirPuff challenges the traditional airdrop model through its airdrop dividend mechanism, addressing the common problem of user fund diversification, and becoming a core node that collects all airdrop benefits. This not only brings additional value to AirPuff users but also elevates airdrop benefits to a new level.
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Sponsored content disclaimer: This article is a sponsored promotional article provided by the contributor. The contributor has no affiliation with the platform, and the article does not represent the position of the platform. The article does not intend to provide any investment, asset advice, or legal opinions and should not be construed as an offer to buy, sell, or hold assets. Any services, projects, or tools mentioned in the promotional article are for reference only, and the actual content or rules shall be subject to the announcement or explanation by the contributor. The platform is not responsible for any potential risks or losses. Readers are reminded to exercise caution and conduct their own due diligence before making any decisions or actions.
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