🥛 The all-in-one airdrop strategy 💸
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GM, this is the Milk Road. The email that tells you what's going on in crypto, in Plain Jane English.
Here’s what we got for you today:
The all-in-one airdrop strategy 🪂
Only 14 out of the top 50 tokens have outperformed BTC 🤯
The Milk Road Rollup is in 🎙️
The Bitcoin Halving is less than 100 blocks away! 🍪
THE ALL-IN-ONE AIRDROP STRATEGY 🪂
There’s no such thing as ‘free lunches’ in crypto… but there are airdrops.
And it’s one of the most lucrative ways to make money in this space:
The top 50 airdrops dished out ~$4.56B worth of free tokens last year.
An OG friend of Milk Road made $600K in airdrops a few years ago (3x the highest salary he had ever made at a job).
Crazy, I know. Money’s being thrown around like it was a Fat Joe and Lil Wayne music video…
The problem is… it’s hard to find the next airdrop opportunities.
Well, check it out. One of our team members (we call him ‘Kyle the Airdrop Architect’) built a strategy that allows you to farm 9 potential airdrops – all at the same time.
It’s the crypto equivalent of that 9-in-1 body wash, shampoo, conditioner, hand soap, etc all guys use in college.
Today, we’re gonna show you the exact strategy. You can check out the guide here too.
But before we jump into the good stuff, let’s go over some quick guidelines:
We’re gonna be taking some ETH (ideally more than $1,000) and splitting it into 4 segments. We’ll go over each segment below.
Remember: There are always risks when using new protocols (i.e. hacks, exploits, etc), so only invest what you’re comfortable losing.
Gas prices can get expensive. And timing is everything. Here’s a heatmap that shows the best times to transact (TLDR: it’s best to do stuff at night or early morning EST).
You’ll be bridging from Ethereum’s mainnet to other Layer 2s. FYI, gas fees will be high when you first bridge from the mainnet but once you get to the L2s, it’ll cost pennies.
OK, capiche? Now, let’s get into the strategy:
1/ Earn points from Mode, Renzo, Kelp, EigenLayer, and Kim Exchange.
Bridge 25% of your $ETH into MODE.
Restake 50% of that on Renzo to get $ezETH.
Restake the other 50% on Kelp to get $rsETH.
For a boost in Mode points, use Kim Exchange and swap one of your liquid staking tokens (LRTs) into $ETH and then back into the $LRT.
If you have any extra $ETH, provide liquidity.
2/ Earn points and yield from Swell and Eigenlayer.
Swap 25% of your $ETH on Swell to get $rswETH.
Deposit that $rswETH to the Swell L2 for bonus points.
3/ Earn points + yield from EtherFi, Eigenlayer, and Karak.
Swap 25% of your $ETH on EtherFi to get $eETH.
Wrap your $eETH into $weETH.
Deposit your $weETH into Karak. (You need an access code to do this: X1qXg)
4/ Farm Blast and earn staking yield.
Bridge the last 25% of your $ETH to Blast.
Look at the “multipliers” section and execute swaps in one of the decentralized exchanges (DEXs) for 2x points.
Important side note: Unfortunately, if you swap into a liquid restaking token to farm more tokens you don’t get points. You need to hold $ETH or $USDC.
P.S. – Check out our entire guide to airdrops here. It’s for all our free subscribers and we’ll be updating it on an ongoing basis.
(That’s right, we aren’t just giving all the value to PRO members. We remain committed to free content and will always put our free subs first!)
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Mainnet stats
Total transactions: 19,000,000
Daily transactions: 100,000
Wallets: 400,000
Total contracts: 14,750
Total contracts on Testnet: 275,000
Gasless Layer 2
Celestia underneath
Partnered with Animoca Brands and 25+ other ecosystem projects
$6.2M in seed round from both Web2 and Web3 investors
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ONLY 14 OF THE TOP 50 TOKENS HAVE OUTPERFORMED BTC THIS YEAR 🤯
BTC is off to another strong start to the year… it’s up 51.6% so far.
The crazy part? Only 14 of the top 50 tokens (by market cap) have outperformed BTC this year…
Some big takeaways:
4 of the 14 are memecoins (and 3 of them are in the top 4 performing tokens this year).
AI-related projects like $TAO and $RNDR have performed well.
“BTC-beta” plays like BCH and STX have quietly been rallying too.
But the biggest takeaway of them all? Most investors are still better off investing in BTC than trying to chase the shiniest tokens & narratives.
THE MILK ROAD ROLLUP IS HERE 🎙️
It's Friday, which means the Weekly Rollup just hit Milk Road Radio—your weekly briefing on what matters for your crypto bags! 💰
The Halving & WTF is Runes?
Worldcoin & OKX launch L2s
Solana issues fixed?
Airdrop FUD & some alpha
YouTube | Spotify | Apple Podcasts
P.S. – Someone please tell Jay that it's the halving, not the "halvening" 🤦♂️
BITE-SIZED COOKIES FOR THE ROAD 🍪
Axie vibes? This mobile P2E game has over 25K players daily, a sustainable economy, and their token has all the signals of the next big thing in web3 gaming.*
Wanna team up with the Milk Man? We currently have 4 positions open – check ‘em out and apply here!
Bitcoin ETFs have now seen 5 straight days of outflows. The total outflows during that time have reached $319M. Oof.
The Bitcoin Halving is less than 50 blocks away! Estimates now show that the Halving is on pace to happen TODAY, at around 8 PM ET.
Crypto trader, Avraham Eisenberg, has been found guilty of 3 charges of fraud. Eisenberg illegally made off with $110 million after manipulating Mango Market futures contracts and pumping the price of swaps by 1,000%. He then borrowed against the contracts and boarded a flight from Puerto Rico to Israel.
Crypto liquidations have spiked over the last day. $290M has been liquidated over the past 24 hours, with the majority ($154M) coming from long positions.
One of crypto’s biggest memecoins, Shark Cat, is now in murky legal waters. Shark Cat used the likeness of a social media-famous feline without permission. Now the cat owner might take legal action.
*This is sponsored content
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— Milk Road (@MilkRoadDaily)
Apr 19, 2024
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
