Pryzm, a Layer 1 blockchain that focuses on yield farming, announced an exclusive airdrop campaign called AUUUDROP for its liquidity providers. Also, there will be rewards for active StakeDrop participants and newcomers.
This article will be a comprehensive guide to the Pryzm airdrop campaign. We will go through a step-by-step guide to claim the tokens, eligibility criteria, benefits, launch date & end date, and more details. Let’s get started.
What is Pryzm?
Pryzm is a Layer 1 blockchain that offers a variety of DeFi tools to optimize the yield. Users can tokenize their yield, lock yields to buy tokens, stake the tokens, execute trades automatically, and swap tokens gradually to minimize the price impact.
Is This Airdrop Free?
No, the airdrop is not free to participate. You have to buy and hold specific tokens to be eligible. Also, there should be some balance to pay for gas fees. Here are the tokens to hold:
- Hold any of the Boost Tokens and receive 50 AUUU per dollar.
- Hold any Yield Token like yATOM, yOSMO, yINJ, and yLUNA.
- Hold any Liquid Staking Tokens like cATOM, cINJ, cOSMO, and cLUNA.
Eligibility Criteria: Who Can Participate in the Airdrop?
- Liquidity Providers: Liquidity pool token holders who deposit ATOM, INJ, OSMO, or LUNA to the pools are eligible for the airdrop. If you hold 1 dollar you will receive 50 AUUU as a reward.
- LSP Token Holders: If you hold tokens in the Liquidity Staking Protocol, then you will be eligible for the airdrop. You’ll get 20 AUUU tokens per dollar.
- Yield Token Holders: If you hold the yield tokens yATOM, yOSMO, yINJ, and yLUNA, you are eligible for the airdrop. Each Yield Token holder will receive 50 AUUU per dollar.
- The Validator Delegators: There will be rewards for delegators of Cosmos Hub validators and Pryzm validators. If you are delegating to any Pryzm validator, you will receive 10 AUUU per dollar. Delegators to Cosmos Hub validators will receive 20 AUUU per dollar.
- The StakeDrop Participants: The StakeDrop participants and the testnet users can earn up to a 10% multiplier of their assets.
- Newbies Drop: New participants can join the project and support the ecosystem. Eventually, they will be eligible for the airdrop. Those who try delegating to a Pryzm validator should wait a few moments for the airdrop registration.
Step-by-Step Guide to Claim the Airdrop
- Access the Airdrop: Visit the official site of Pryzm and navigate to the airdrop page. Click “Add Pryzm Chain to Keplr”.
- Prepare Your Wallet: You need a Pryzm wallet address. Create one or click “Check your Pryzm address” at the bottom of the page to display your address.
- Choose the Wallet Chain: According to the eligibility criteria listed above, select the blockchain you think you’ve qualified for the airdrop. Currently, StakeDrop is the only active airdrop campaign.
- Check Your Eligibility: After filling in the wallet address, click “verify” to check your eligibility for the airdrop. Your wallet should be recognized as eligible or not immediately. Liquidity Providers LSP Token Holders
- Receive the Airdrop: If eligible, you’ll be asked to link the Pryzm wallet where you want to receive the airdrop. Enter the Pryzm wallet address you own. Confirm the transaction and the rewards will be sent to your wallet.
How to Withdraw Your Earnings?
The devs will snapshot the program randomly, the last snapshot will be taken on August 2nd, 2024. Tokens will be distributed early next week to your wallet.
However, The AUUU token is not yet listed on any exchanges. So you have to HODL until an exchange launch. Pryzm is a promising ecosystem so it is better to HODL.
Airdrop Launch Date & End Date
The airdrop campaign was launched on 23rd July 2024. The last snapshot will be taken on August 2nd. That means we have some more days left before the end of the campaign.
Is This a Trustable Airdrop?
The Pryzm network is relatively new. Nevertheless, their partnerships with major ventures make them trustworthy. This is not a free airdrop and you have to lock up your valuable assets to earn. So, make sure to stake the assets you can afford to lose.
Final Thoughts on Pryzm AUUU Airdrop
If you are interested in airdrops based on liquidity-providing pools, this one is a good choice for you. However, it is important to do your research before delving into any kind of Web3 airdrops.
Go through Pryzm’s documentation and whitepaper to get a clearer understanding of the project. Also, participate in their social media community discussions. DYOR before airdropping.
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