Sanctum just launched its Wonderland campaign where users can earn XP for holding Solana LSTs. This will probably be a huge airdrop since a governance token will be valuable for a large community of LSTs to dictate Sanctum’s future. Here’s what you need to know.
What is the Sanctum Airdrop?
The Sanctum Airdrop is a unique campaign initiated by the Sanctum project to reward participants who interact with the platform by depositing soul and acquiring infinity tokens or other liquid staking tokens. This campaign, known as the Sanctum Wonderland campaign, offers participants the chance to earn rewards and experience points (EXP) by unlocking pets within the ecosystem.
Participants who engage with the Sanctum Wonderland campaign on the first day are rewarded with a 2x XP multiplier, enhancing their potential earnings. For first-timers, you can use this referral link: https://app.sanctum.so/wonderland?ref=94MIOB to get an XP boost.
What are the Key Features of the Project?
- Airdrop Style: The developers have openly stated their preference for the airdrop style used by Kamino. This implies two key actions that need to be taken: consolidating your investment in a single wallet rather than spreading it across multiple ones, and prioritizing long-term holding.
- Tier-Based System: The campaign introduces a tier-based system that establishes minimum thresholds for participants based on the amount of liquid staking tokens (LSTs) they hold, offering a structured approach to maximize rewards.
- Unlocking Pets: By holding a minimum amount of LSTs (each worth at least 0.1 SOL), participants can unlock 18 adorable pets within the ecosystem, allowing them to passively earn EXP.
- EXP Amount: All Pets earn 10 EXP per minute for every 1 SOL worth of the respective LST that the user currently hold. This is known as the base rate of earning EXP. Users can also earn 10% APR for every LSTs held in Sanctum Wonderland.
- Community Quests: Community quests are introduced to incentivize engagement and participation, providing additional opportunities to earn XP apart from holding LSTs.
- Gamification Elements: The airdrop campaign includes gamification elements such as pet evolution, resembling a Pokémon-like system, to make the experience more interactive and engaging for users.
- Referral EXPs and Referral Cupcakes: Everyone gets a unique referral code upon successfully enrolling in Sanctum Wonderland. Users will automatically receive a Referral Cupcake for every 20,000 Referral EXP earned. At the end of Season 1, each Referral Cupcake can be exchanged for bonus EXP and added to their Total EXP count.
- EXP Multipliers: Users can earn a 2X EXP multiplier on the first day of the campaign by depositing SOL and getting Infinity tokens or other liquid staking tokens. Multipliers are also granted by completing Community Quests. These are temporary and last only for their specified duration. It can range from 5 minutes up to a week.
Why does the Project need to give airdrops?
The project’s need to give airdrops stems from its goal to bootstrap liquidity for various liquid staking protocols, encouraging participation and engagement from the community.
What is the Total Amount to be Airdropped?
The total amount to be airdropped is not yet disclosed but depending on the LST you have participated, you can earn rewards based on its APY. With Sanctum’s upcoming token launch on Jupiter, active Sanctum Wonderland participants may be well-positioned for future airdrops.
Step-by-Step Guide to Get the Sanctum Airdrop:
1. Connect Your Wallet:
Ensure that you connect your wallet to the Sanctum platform to start accumulating points and participating in the campaign.
2. Select LSTs:
Choose your preferred liquid staking tokens wisely, considering the potential rewards and risks associated with each option.
3. Unlock Pets:
Aim to unlock pets within the ecosystem by holding the required amount of LSTs, keeping in mind the minimum thresholds for participation. You need to hold at least 0.1 SOL worth of the LST for your pet to be growing and earning EXP.
4. Monitor EXP:
Keep an eye on your pets’ EXP levels to ensure they remain active and continue earning rewards. Once your LST balance falls below 0.1 SOL, your Pet goes into hibernation and stops earning EXP.
5. Evolve Your Pets:
Pets will level up as they gain EXP and will evolve upon reaching a certain level. They can only reach a maximum level of 999 and will have a maximum of 3 evolutions per Pet.
6. Engage with Community Quests:
Apart from holding LSTs, you can do the Community Quests by completing the tasks and puzzles alongside other Wonderers in exchange for Multipliers. Quests will be released weekly, in batches of 2-3 quests.
Conclusion
Sanctum’s mission is to establish a thriving liquid staking ecosystem on Solana, aiming to make all SOL staked and all staked SOL liquid. This vision entails a future where Liquid Staking Tokens (LSTs) are accessible to all users, enabling them to issue their own LSTs without liquidity concerns and explore various investment opportunities. The core functions of the app, encompassed in tabs such as Infinity, Trade, Stake Accounts, and LSTs, are designed to facilitate this objective. Through Infinity, users can deposit liquidity into the Infinity Pool and receive the Infinity (INF) token in return. As the Sanctum Airdrop gains momentum, now is the perfect time to get involved and explore the exciting opportunities it offers. Stay tuned for updates on the campaign and remember to seize the opportunity to enhance your crypto portfolio with the Sanctum Airdrop.