A quick look at the 9 catalysts and airdrop opportunities worth watching this week

2024-05-07 15:46

Read this article in 6 Minutes

1. Eigenlayer Token Release - $EIGEN will launch on May 10th, but will not be transferable at launch. EIGEN will be unlocked as new features go live, and features are expected to be launched by September 30, 2024. 2. NVIDIA Earnings Release - NVIDIA's Q1 FY2024 earnings will be released on May 22nd, and if the earnings are better than expected, it may have a positive impact on the prices of some AI tokens. 3. Jito may announce a new SOL re-staking agreement at 6 pm UTC on May 6th, and Jito's CEO will participate in an X Space with the co-founders of Solana Labs and Drift to discuss re-staking and other matters. 4. Velodrome's Superchain expansion will begin this week, and Velodrome will be deployed on some of the most popular L2s built with the Optimism Stack, including Mode, Fraxtal, and Zora. 5. This week’s airdrop opportunities include staking SOL on Sanctum (on Solana) and depositing USDe stablecoins on Karak, both of which have launched a points program offering the opportunity to earn points.

Original source: The DeFi Investor

Original translation: TechFlow

9 major crypto events worth watching this week

1. Eigenlayer token release - $EIGEN will be launched on May 10th, and unfortunately, it will not be transferable at launch. The team said that EIGEN will be unlocked after the new features are launched. These features are expected to be launched before September 30, 2024.

Eigen Foundation announcement screenshot

2. NVIDIA earnings release - Although this is not an event this week, I share this information now to give you time to prepare in advance. NVIDIA’s Q1 FY2024 earnings will be released on May 22nd. If the earnings are better than expected, it could have a positive impact on the prices of some AI tokens, which has happened in the past.

3. Jito may announce a new SOL re-staking protocol at 6pm UTC on May 6 - Given the huge success of Eigenlayer, I believe building a re-staking protocol for SOL is a very good idea. Jito’s CEO will participate in an X Space with the co-founders of Solana Labs and Drift, where re-staking and other matters will be discussed.

4. Velodrome’s Superchain Extension - Velodrome’s Superchain extension will start this week. Velodrome is the most popular DEX native to Optimism. With this expansion, Velodrome will be deployed on some of the most popular L2s built with the Optimism Stack, including Mode, Fraxtal, and Zora.

5. Aptos Token Unlock - $103 million worth of APT will be unlocked on May 12th. The majority will go to the team and early investors.

6.Pendle and Ethena Deployment on Solana - According to a tweet from an Ethena team member, Ethena and Pendle Finance may go live on Solana this month.

7.Ethena Integrates USDe Stablecoin on Top CEX - This week, the fast-growing stablecoin protocol will make a big announcement about USDe integration. Given that Binance, OKX or Bybit invested in Ethena, these 3 exchanges are likely to integrate USDe.

8.Mode Token Release - Mode, one of the fastest growing Ethereum L2s, will launch its token $MODE on May 7th. 5.5% of its supply will be allocated to the first community airdrop.

9.Sei V2 Mainnet Release Date Announced - Given that the audit of Sei V2 has just been completed, its release date may be announced soon. Sei V2 is a major network upgrade, and the team has transformed Sei into a fully parallelized EVM blockchain capable of supporting 28,000 transactions per second.

This Week's Airdrop Opportunities

1. Staking SOL on Sanctum (on Solana)

Sanctum is an ecosystem for liquid staking on Solana. The protocol has released a first-of-its-kind loyalty rewards program that rewards users in a gamified way. By holding certain SOL liquid staking tokens, you can collect pets, which may make you eligible for future airdrops.

I started airdropping last week with some of my SOL holdings. Sanctum has some big backers including Solana Ventures and Jump Capital.

Here is the link: https://sanc.tm/w?ref=N9P221

2. Deposit USDe stablecoin on Karak

I think depositing USDe on Karak is one of the best airdrop opportunities for stablecoins right now. Karak is Eigenlayer’s biggest competitor, and USDe is Ethena’s stablecoin.

Both projects have launched a points program, and thanks to their recent partnership, you can now earn points on both Ethena and Karak.

Strategy:

- Buy USDe on Ethena using another stablecoin

- Deposit USDe into Karak