Layer1 blockchain Sui has gained nearly triple its value in the past two months, with the Total Value Locked (TVL) in its ecosystem continuously skyrocketing. Currently, Sui’s ecosystem consists of several tokenless protocols, presenting an opportunity for early positioning as Sui continues to attract attention and grow.
This article, originally tweeted by author Xremlin, has been compiled, translated, and organized by PANews.
Summary:
Sui Foundation Clarifies Controversy: No Dumping of Tokens, No Binance Account
Background:
How Sui’s Full-Chain Storage Revolutionizes NFTs: Leading DeFi to Mass Adoption
Table of Contents:
Haedal Protocol
Volo
Scallop
NAVI Protocol
BlueFin
KriyaDEX
Bucket Protocol
To earn the first $10,000 or $100,000 through airdrops in the crypto field, the key is to position oneself early. Sui, as an innovative and decentralized Layer1 blockchain, enables fast and efficient transactions through parallel processing. Additionally, Sui simplifies smart contract development on its platform by using the Move programming language.
Market data shows that on the 15th, SUI briefly surpassed $1.4 and reached a high of $1.4336, with a 24-hour increase of 10.51%. In addition to the impressive token performance, the TVL in Sui’s ecosystem has been consistently increasing over the past few months, indicating growing interest from users and developers. Currently, Sui’s ecosystem consists of several tokenless protocols. With the likelihood of Sui continuing to attract attention and grow, now is an excellent opportunity for early positioning.
Crypto researcher Xremlin lists 7 potential protocols and interactive strategies. It is worth noting that the following protocols involve providing liquidity. Therefore, it is recommended to invest at least 100 SUI in each protocol.
Haedal Protocol:
A liquidity staking protocol built on Sui that allows users to stake their SUI to contribute to the governance and decentralization of the Sui blockchain. The issuance of tokens has been confirmed.
To stake SUI, follow these steps:
1. Open https://haedal.xyz/stake
2. Connect your wallet
3. Enter the amount of SUI
4. Click “Stake SUI”
5. Receive your haSUI tokens
Volo:
Volo is a liquidity staking solution built on Sui that maximizes the utility and liquidity of SUI tokens. The issuance of tokens has been confirmed.
To stake SUI, follow these steps:
1. Open https://stake.volo.fi
2. Connect your wallet
3. Enter the amount of SUI
4. Click “Stake”
5. Receive vSUI tokens
Note: You can use tokens obtained from liquidity staking protocols in the DeFi projects listed below. This allows you to interact with multiple protocols simultaneously and receive multiple airdrops.
Scallop:
Scallop is a lending protocol on Sui and the first DeFi protocol officially funded by the Sui Foundation. The “Scallop Airdrop Event” second phase is currently ongoing.
To interact, follow these steps:
1. Open https://app.scallop.io
2. Connect your wallet
3. Supply tokens
4. Borrow tokens
5. Complete tasks: https://zealy.io/c/scallopio/questboard
NAVI Protocol:
NAVI Protocol is a lending protocol on Sui that allows liquidity providers or borrowers to participate in the Sui ecosystem. The protocol has a scoring system that generates NAVI tokens.
To earn points, follow these steps:
1. Open https://app.naviprotocol.io
2. Connect your wallet
3. Supply tokens
4. Borrow tokens
5. Complete tasks: https://zealy.io/c/naviprotocol/questboard
BlueFin:
The fastest decentralized sustainable protocol in the Sui ecosystem. The project has successfully raised a total of $29.2 million in funding, with participants including Polychain and other institutions.
You can now pre-farm BLUE tokens. Follow these steps:
1. Open https://bluefin.io
2. Click “Trade Now”
3. Start trading on the platform
4. Invite friends
Additionally, you can apply for the “Bluefin Vanguard Program” by filling out the application form here: https://bluefinfoundation.typeform.com/bluefinvanguard?typeform-source=t.co
KriyaDEX:
KriyaDEX is a DeFi platform that offers a wide range of services from lending to perpetual trading. You can earn KRIYA tokens through the “Chakra” event. The second phase is about to begin.
When the new phase starts, follow these steps:
1. Open https://app.kriya.fin
ance/spot/swap/
2. Trade tokens and generate trading volume
3. Provide liquidity
4. Complete tasks: https://zealy.io/c/kriyadex-6508/questboard
5. Visit the “Rewards” page to view performance
Bucket Protocol:
Bucket Protocol is a collateralized debt position (CDP) protocol on Sui that improves capital efficiency and stabilizes stablecoin prices. The project has received funding from the Sui Foundation. The issuance of tokens has been confirmed.
To qualify for potential rewards, follow these steps:
1. Visit the website https://app.bucketprotocol.io
2. Click “Position”
3. Borrow BUCK using your chosen collateral
4. Click “Tank Pools”
5. Deposit BUCK into the pool
6. Click “Fountain”
7. Stake LP tokens
Further Reading:
Sui Announces “Version 2” Token Release Plan (Note: Content is not guaranteed and changes will not be notified)
Related Reports
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