Exciting news for Sei Network ($SEI) stakers, liquid stakers, and NFT collectors: phase two of the $SEI airdrop is here! This article will detail the airdrop, highlight Sei Network’s technological advancements, and provide easy guides on how to check your allocation and claim your tokens.
What is Sei Network?
Sei Network is a high-speed blockchain platform made for decentralized finance (DeFi) apps. It uses advanced technology to handle lots of transactions quickly and cheaply, solving common issues like congestion and high fees. Sei Network also works well with other blockchains, making it easy to integrate and build a strong DeFi ecosystem. With user-friendly tools and strong security, Sei Network helps developers create reliable and efficient DeFi projects.
The Sei Foundation made an announcement on Monday regarding its proposal to upgrade the Sei Layer 1 blockchain to version 2 through a governance initiative. Led by Sei Labs, this upgrade aims to introduce a high-performance, parallelized Ethereum Virtual Machine (EVM) to enhance the network’s capabilities. Pending approval of the proposal, the network upgrade is scheduled to occur a week later.
Key Features
1. Fast Block Time: Sei V2 boasts a block time of 0.42 seconds, making it one of the fastest Layer 1 blockchains, comparable to Solana.
2. Parallelized EVM Blockchain: Sei V2’s parallelized execution allows multiple transactions to be processed simultaneously, enhancing capital efficiency.
3. Native Order-Matching Engine: This feature enables decentralized exchanges (DEXs) to execute trades concurrently across independent order books.
4. Shared Liquidity Model: All dApps on the Sei Network can tap into a global liquidity pool, providing flexible and efficient trading options.
How long does it take for the airdrop to complete its objectives?
The snapshot for this airdrop was taken between May 5 and May 16. To ensure fairness, addresses with over 2 million staked $SEI tokens were excluded. Despite the relatively low number of qualifying addresses (40,000), this airdrop aligns with Sei roadmap and follows the recent launch of Sei V2. The total token supply allocated for the airdrop is 27 million SEI tokens.
What makes it stand-out?
The phase two airdrop from the Sei Network is gaining attention as a top pick, and for good reason. It’s a blend of cutting-edge technology, a welcoming community vibe, and a clear roadmap that makes it stand out. With its parallelized EVM blockchain and native order-matching engine, Sei is making transactions smoother and more efficient, especially for on-chain trading enthusiasts. And when it comes to fairness, Sei’s got it covered – they’ve excluded big players to ensure everyone gets a fair shot at the airdrop. This move not only builds trust but also fits perfectly with Sei’s long-term plans for growth. By attracting new faces and rewarding loyal supporters, the airdrop is more than just a giveaway – it’s a step towards a stronger, more vibrant Sei ecosystem in the decentralized finance arena.
Step-by-Step Guides to claim the airdrop
1. Prepare Your Wallet: Ensure you have one of the following wallets set up and connected: Compass, Fin, or Keplr.
2. Visit the Sei Network Airdrop Page: Navigate to the official Sei Network airdrop page.
3. Connect Your Wallet: Click on the “Connect Wallet” button and select your wallet.
4. Check Your Eligibility and Allocation: Once connected, you will see if your address is eligible and your airdrop allocation based on your staked Sei tokens or NFTs. If eligible, it will have tokens sent directly to your wallet, at the start of “Phase 3” of the Sei v2 launch. Here’s the criteria for the point allocation.
5. Stay Updated: Keep an eye on the official Sei Network channels (Discord, Twitter, or Telegram) for the announcements.
Other Airdrops
Yaka Finance
Yaka Finance is a decentralized exchange (DEX) and launchpad operating on the Sei Network. It offers various DeFi services including trading, liquidity provision, and lending. Here’s the step-by-step guides to participate the airdrop:
- Visit the Yaka Finance Website
- Navigate to the official Yaka Finance platform.
- Connect Your Wallet
- Ensure your wallet (such as Compass, Fin, or Keplr) is connected to the platform.
- Perform Actions to Earn Points
- Swapping Tokens: Exchange one cryptocurrency for another on the Yaka Finance DEX.
- Providing Liquidity: Add assets to liquidity pools to earn rewards.
- Other Actions: Participate in upcoming features like launch pad voting and locking assets.
- Collect Badges
- As you perform various actions, you will earn points and badges, signifying your contributions and engagement.
UPROCK x dePioneers
One notable aspect of DePioneers is its ongoing airdrop, which presents an opportunity for participants to engage with the project and potentially earn rewards. To qualify for the Uprock airdrop associated with DePioneers, participants must hold staked $JUP tokens and have voted for Uprock’s inclusion in initiatives like the Launchpad. While the airdrop for Jupiter staking and voting is currently underway, separate allocations are planned for holders of the DePioneers NFT.
Mon Protocol
Mon Protocol’s Missions initiative aims to democratize access to rewards within the crypto space, providing a pathway for users of all backgrounds to engage with decentralized finance (DeFi). Here’s how you can participate:
- Visit the Mon Protocol platform and navigate to the Missions section to begin your journey.
- Complete tasks and accumulate points to enhance your eligibility for upcoming airdrops and rewards. Aim to accumulate a points range of at least 100,000 on the Missions platform.
- On the StakeLand, you have to burn you Steaks to get more $MON tokens.
- Stay informed about announcements regarding airdrops for Missions participants to ensure you don’t miss out on potential opportunities.