Sanctum team has hinted an airdrop to early users. This is very similar to the Jito airdrop last year where users who deposited 1 SOL earned $10000 in JTO tokens. Could this be another play? Here’s what you need to know.
What is Sanctum?
Sanctum is a Liquid Staking Protocol on the Solana blockchain. Sanctum aims to address the issue of capital inefficiency by allowing users to stake their Solana tokens while still retaining liquidity to earn yields elsewhere in the DeFi ecosystem. Recently, the team has hinted an airdrop to reward early users. With a recent seed round led by DragonFly Capital and other top VCs raising $6.1 million, Sanctum boasts substantial backing.
Step-by-Step Guide to get the Airdrop:
Stake Solana for Infinity:
Start by staking your Solana tokens for Infinity using the Infinity app. This pegged token allows you to retain liquidity while earning staking rewards.
You can also swap from other LSTs to INF in the Trade tab. This could be an additional qualifier because it powers Jupiter’s LST swaps.
Farm Points on Kamino Finance:
Deposit your Infinity tokens into Kamino Finance to farm S2 points. While you won’t earn additional yields, you’ll be eligible for the airdrop based on your participation.
LP on Meteora (Optional):
For more experienced users, LP on Meteora using the DLMM pools to optimize your earning potential. However, be cautious as this method requires active management to mitigate impermanent loss risks.
DLMM pools are differentiated by “Bin steps,” representing price ranges. Higher TVL (Total Value Locked) pools typically offer more stability but require active monitoring. If you’re not experienced or don’t want to actively manage your position, consider using normal pools instead of DLMM pools.