The SEI Atlantic-2 testnet program on Blocked provides one of the most popular zero-cost airdrop opportunities available. Only 3 days remain to complete your missions until the testing ends for good. Are you prepared?
Behind the scenes, the SEI network is being built by battle-hardened veterans. Recognize Levana Finance or Astroport from Terra? Or maybe you noticed that Kryptonite’s UI is congruent to Anchor Protocol… These vetted builders are about to deliver one of the most powerful new L1 blockchains of the upcoming bullrun, and you still have time to get involved at no cost.
Your SEI journey starts at Blocked. Let’s take a look at the 14 available missions that will get you a free education and airdrop.
Launchpad - Eclipse Pad
While you’re getting immersed in a new ecosystem a launchpad is your best friend. Eclipse Pad evolves any DeFi degen into a private investor.
As SEI evolves, promising new projects will build valuable dApps that need to launch their own token. The Eclipse Pad team carefully selects well-vetted developers and conducts capital raise IDOs for their TGE (Token Generation Event). By buying and staking ECLIP, SEI users earn tiered access to investment opportunities for each of these tokens at a premium price.
The window of opportunity has passed for testnet interaction with Eclipse Pad. However, SEI mainnet is hinted to be closer than you think. Follow Eclipse on Twitter with [bell] on and regularly check in with their Discord. This is the project you want to invest in as soon as mainnet goes live.
Thank me later ;)
Decentralized Exchanges (DEXs)
SeaSwap, SparrowSwap, Astroport, Simba
Decentralized Exchanges allow users on a blockchain to swap native tokens on a blockchain without the need of order books. Rather than trading into buy/sell orders (as on a CEX like Binance or the traditional Stock Exchange), users trade into pools of liquidity provided by a decentralized network of users.
DEXs provide core infrastructure for new chains, but they also enable unique earning opportunities for Liquidity Providers. LP rewards are known to be astronomical at the start of a new chain. Get ready to provide and earn by completing Blocked missions.
Kryptonite
Loaning protocols allow users to provide native assets as collateral, borrow against the value of their collateral, and earn APR for time spent taking out loans. Users of Anchor Protocol on Terra know the drill.
Familiarize yourself with Kryptonite while you can. A terrific investment strategy is to buy volatile native assets at the bottom of a bear market, provide them as collateral, and borrow stablecoins against them as the market turns bullish. Be careful about using borrowed funds to buy more volatile assets!
Play2Earn
Fable, Questify
Liquidity Provision, collateral, APR - does technical jargon have your head swimming? Play2Earn dApps allow users to earn using a more relaxing QoL.
After completing the blocked testnet tasks for these protocols, don’t hesitate to engage in their playful tasks!
Fable teams are playing a decentralized Pokemon game. Each block, use your staked FABLE to vote on which Gameboy button to press next. Can chaos theory allow our ‘player’ to reach the Elite 4? Fable has hinted that users should log at least 20 txns playing Pokemon to maximize their airdrop.
Levana
Leverage trading allows users with smaller margins to make trades with volume much higher than normally available. Be advised - leverage trading is a great way to make profit when you have a scrupulous trade idea, but it is also extremely easy to lose your entire investment!
As an example, consider 10x leverage trading. If you enter a trade with 500 USDC at 10x leverage, and the asset increases in value by 10%, you will earn 10*10% profit on your trade: $500 profit. Contrariwise, if the asset decreases in value by 10%, you will be liquidated, and lose your entire $500.
Leverage trading is all about risk management. You can win 3 times in a row, compounding your earnings: $500 > $1,000, $1,000 > $2,000, $2,000 > $4,000. In 3 trades you’ve earned an 8x. But if you stay greedy, open another trade with your $4,000, and get liquidated, you can lose all your earnings in a heartbeat. Only make risk-managed trades when you have a clear entry and exit in mind!
Conclusion
You still have time to participate in all 14 SEI missions before this phase of the incentivized testnet ends. Use a wallet like Leap Cosmos, Keplr, or Coin98 to get started.
Your journey begins when you claim testnet SEI. First, visit SEI Discord and go to the #atlantic-2-faucet. Afterwards, don’t forget to visit the website SEI faucet for a bit more funds. Finally, visit Blocked and complete all available missions.
Not only will you increase your SEI airdrop, but you will walk away with invaluable information and experience pertaining to the earliest SEI builders. Use your time wisely, friend, and start Seiling these salty seas. Booty awaits!
Did you learn something today? Collect an NFT on Optimism, and you will be entered into a raffle. The winner takes a 50% portion of my own SEI airdrop from completing all tasks described in this article.
GLHF!
Subscribe to learn - next article is a deep dive into Eclipse Pad!
Cheers,