With the reputation of zkSync, Layerzero, and Blast declining in the second quarter of 2024, people are starting to look for new ways to make money. Aptos still has 48% of its community allocation yet to be distributed, which smart investors naturally won’t overlook. This article is sourced from an article written by Cryptodog and compiled, translated, and written by PANew.
(Previous Summary:
Attention! Aptos mainnet outage for over 7 hours, exchanges warn against depositing or withdrawing $APT
)
(Supplemental Background:
Aptos collaborates with Microsoft to “develop AI robots,” exploring CBDC and asset tokenization…APT surges 18%
)
Table of Contents
Why does Aptos always get hot when the market cools down?
Is Aptos really preparing for a second airdrop?
Inference 1: Aptos releases four tasks on Galxe
Inference 2: Official information from Aptos
Inference 3: Aries incentive plan rewards APT
Which projects should we focus on for interaction?
Aptos Mining Handbook Chapter 1: Aries Markets Airdrop Guide
Introduction to Aries Markets
Status of Aries Markets
About Aries Airdrop
Airdrop Guide for Aries Markets
Aptos Mining Handbook Chapter 2: Liquidswap Airdrop Guide (Focus)
Background of Liquidswap
Performance of Liquidswap
Is Liquidswap going to issue tokens?
What preparations should be made for Liquidswap?
Funds preparation
Wallet preparation (using the same wallet as Aries)
Complete interactive tasks
Task 1: Increase trading volume on Liquidswap
Task 2: Staking
Task 3: Add liquidity (kill two birds with one stone)
Aptos Mining Handbook Chapter 3: Amnis Finance Airdrop
Aptos Mining Handbook Chapter 4: Merkle Trade Airdrop
Aptos Mining Handbook Chapter 5: Kana Labs Airdrop
With the reputation of zkSync, Layerzero, and Blast collapsing in the second quarter of 2024, people are starting to look for new ways to make money, and smart investors won’t forget that Aptos still has 48% of its community allocation undistributed.
I’m not just fantasizing here. On-chain data shows that active users of Aptos have been increasing since March and reached a historical high in June. The data is still increasing:
Token Terminal data shows that on June 8th, the number of daily active users reached a record of 1.3 million, the first time Aptos has had 1 million users in a day.
Aptos is a project with the lowest token distribution ratio in the history of airdrops, but it has brought significant profits to individual wallets. In the first round of airdrops, Aptos only distributed 3% of the tokens, and even with this 3% token distribution, individual wallets could receive airdrops ranging from 1000-3000u. It’s worth noting that these wallets have only completed a few tasks on Galxe, voted on Gitcoin, and participated in some NFT projects.
Aptos has prepared 51% of token distribution for the community, with 48% yet to be distributed. Based on the current price, there is billions of dollars in wealth available for us to explore. Such a large amount of wealth can accommodate millions of users for transformation.
Recently, industry OGs have been discussing Aptos on social platforms, believing that Aptos will surpass Solana and become the second-largest public chain. BitMEX founder Arthur Hayes is not one to just talk. Let’s not go too far, just look at the stablecoin project Ethena, which launched this year and was inspired by BitMEX founder Arthur Hayes’ “Satoshi Dollar” concept.
This indirectly shows that institutions are also paying attention to Aptos and are ready to explore new opportunities on Aptos.
Whether Aptos will airdrop or not, and how it will airdrop, and where it will airdrop are not just fantasies. Although the official website doesn’t tell those who are not qualified, we can deduce it from the side:
Aptos released four tasks on Galxe in the first and second quarters (ending in April). The tasks were simple, just earn OAT. This may have been a trial in the market.
Generally, if there is no operational plan, a project will not release tasks on a platform. This move indicates that Aptos plans to airdrop for the second time, and the trial phase may have passed, and now they are working on specific plans.
From the official information of Aptos, we can see the token distribution as follows:
In the 51% community token distribution of Aptos, the community owns 410,217,359.767 APT held by the Aptos Foundation, and 100,000,000 APT is held by Aptos Labs.
The official stated that these tokens will be used to drive the growth of Aptos’ ecosystem projects, so many people refer to the “community distribution” as the “ecosystem fund.”
This means that the remaining 48% will be distributed to users based on the Aptos ecosystem. We can also see this from the actions of the largest staking platform in the Aptos ecosystem, Amnis.
Aries, the largest lending platform in the Aptos ecosystem, announced in mid-January that it will distribute APT rewards.
Well, this indicates that Aptos has likely reached some consensus with ecosystem projects, and the second round of airdrops may be focused on ecosystem projects.
In addition to the above, there is further evidence that Aptos will have airdrops, such as developers on the Aptos ecosystem:
The founder of the Thala project mentioned an “Aptos airdrop season.”
The founders of many NFT projects have announced that they will airdrop tokens to NFT holders.
For example, in December last year, the UNI GUI meme project airdropped tokens to holders of OG NFTs, such as Aptos Monkey, Aptos Ape, Flames, Pontem Dark Ages, etc. The Wapal NFT market project airdropped 5000 gift boxes to users.
Furthermore, many projects on Aptos have not yet launched tokens, and it is expected to have an “Aptos airdrop season” similar to the Solana ecosystem.
So, the direction is clear. In the coming period, if we want to “lào” the big fur called Aptos, we must participate in projects on Aptos. Only users actively involved in ecosystem projects will receive airdrops.
After researching projects on the Aptos ecosystem, I found five projects that have a special relationship with Aptos, have been supporting the development of the Aptos ecosystem since its early days, and have strong backgrounds, technology, communities, and funding. These projects are:
Aries Markets
Liquidswap
Amnis Finance
Merkle Trade
Kana Labs
These projects will have airdrops in the third and fourth quarters, and interacting with these projects will not only receive airdrops of the project’s own tokens but also receive Aptos rewards. Kill two birds with one stone.
Aries Markets
is one of the few DApps that have qualified for incentives from the Aptos Foundation. It now has a TVL of over 250M, making it the largest lending protocol on Aptos in terms of TVL, accounting for nearly 50% of the TVL in the Aptos ecosystem and being the largest protocol in all categories.
The borrowing amount on the platform has exceeded 100 million US dollars, highlighting the activity within the ecosystem and establishing Aries Markets’ current core position in the ecosystem.
Since January this year, Aries has been implementing the APT incentive program, providing additional rewards for lending and borrowing. Currently, the APY interest rate for lending stablecoins on Aries is around 20%-30%, and the stablecoin borrowing rate has even reached negative rates in the past, making it a good place for daily deposit and borrowing. The incentive program is still ongoing and has formed multiple partnerships with OKX and Pancake.
Since Aries has not issued its own token, many people may not see the potential of the token in the future. This comparison with similar projects on other public chains makes it clear:
Atlendis: An unsecured lending protocol on Polygon that allows users to earn APY profits by depositing funds into the liquidity pool or becoming borrowers to optimize capital efficiency.
Jupiter: A DEX aggregator protocol on Solana that allows users to search for and execute cost-effective swaps by integrating liquidity pools from AMMs (Automated Market Makers).
Users participating in these two projects basically received airdrops of the project’s own tokens and other additional rewards.
Aries recently launched a points program, where users can earn points through lending, borrowing, and referring friends. The points program is directly related to the project’s airdrop in the later stages.
1. Conditions to earn Aries points:
To earn points, go to the points page to register:
https://points.ariesmarkets.xyz/rfw84n
Earn ARIES points through lending, borrowing, and referrals.
The total deposit amount must reach $100 or more.
2. Rules for accumulating points:
For every $1 worth of assets provided by the platform, you can earn 1 point per day.
For every $1 borrowed, you can earn 3 points per day, with no minimum borrowing requirement.
The longer you engage in these two activities, the more points you accumulate.
3. Referral system:
Referrers can receive an additional 10% bonus of the referred person’s points. The best way is to use both small and large accounts.
Before proceeding, please ensure that you have $APT tokens on the Aptos chain as fees. It’s best to transfer more than 100u of $APT tokens to the Pontem wallet in one go to skip the second step of cross-chain transfer (you can buy $APT on exchanges).
Step 1: Register an account
Registration link:
https://points.ariesmarkets.xyz/rfw84n
Bind your Twitter account
Bind your wallet (can be the Aptos chain on OK Wallet or Pontem Wallet)
Bind the referral code, you can use this one for now: rfw84n
Step 2: Cross-Chain Transfer (optional)
If you have withdrawn 100u or more of $APT tokens from an exchange, you can skip this step.
Click LaunchApp, enter the interaction page
Click on Bridge, use LayerZero or Wormhole