Symbiotic — contribute funds to the protocol for a potential airdrop
Symbiotic is a restacking protocol from Lido that allows decentralized networks to run fully self-sufficient ecosystems.
The project has attracted investments of $5.8 million from Paradigm and Cyber fund. Symbiotic also has such projects as Ethena, LayerZero, Hyperlane, and others as partners.
For funds deposited in the pool, users receive points, which are likely to be converted into project tokens in the future.
In this guide, let’s look at what options are available for contributing funds to the protocol with the aim of an airdrop.
Guide to completing the activities
Note: you will need a Metamask-type wallet to pass. If you don’t have one, you can use our guide to install and set it up.
Initially, it is worth checking in which pools still have space, and then proceed to action.
- Since Symbiotic is a restacking protocol, you first need to contribute ETH to the staking. This can be done, for example, via Lido:
- You can also get wrapped Ethereum by exchanging it on a decentralized exchange (DEX) such as Curve:
- The wrapped ETH can then be deposited directly into Symbiotic to receive points from the project:
- It can also be done through Mellow, in this case the deposited funds will bring points from two projects at once:
Conclusion
The activities take place on the Ethereum network, so you should choose a time when gas prices are minimal. You should also take into account that pools fill up quite quickly and if you want to participate in the activities, you should not delay it.
Subscribe to the project’s social networks not to miss important updates.
- depositing funds into the pool;
- collecting points.
If you have any questions while going through the activities, you can ask them in our X.
Useful links: Website | X | GitHub
All information is provided for informational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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