Original title: Guidelines for Participating in Popular Airdrop New Paradigm
Original author: Biteye core contributor Crush
Original source: Biteye community
New Paradigm is a liquidity incentive activity within the Manta ecosystem launched by the Manta public chain. It is similar to the Blast liquidity staking launched by Blur a while ago. Users can pledge their own funds to obtain future token airdrop rewards.
(Note: Manta public chain is the first ETH L2 built on Celestia.)
Compared with Blast, New Paradigms advantages lie in its rich ecological projects and shorter payback period. Users can receive token airdrops as early as January 2024.
In addition, the Manta public chain itself has received US$60 million in investment from first-tier institutions such as Binance Labs and Polychain Capital, reaching a primary market valuation of US$500 million.
1. Expected rewards
The expected rewards of the event include the following parts:
1. After ETH and USDC cross-chain to the Manta ecosystem, just like Blast, even if the assets are left unchanged, interest of about 5% will continue to accrue;
2. Participate in activities to pledge assets and obtain future token airdrops;
3. Participate in project interactions within the Manta ecosystem and obtain potential airdrop opportunities for the project itself;
4. After staking ETH and USDC, the Stone and wUSDM obtained will be used to participate in projects within the Manta ecosystem, such as lending projects, and obtain the benefits provided by the project itself.
2. How to play
basic logic
Total rewards: 3% (basic reward) + 2% (additional reward) + 1.5% (ecological reward) = 6.5%
Users pledge ETH or USDC and receive blind box fragment rewards. The fragments can be exchanged for blind boxes, and the NFTs released from the blind boxes can be exchanged for future token airdrops.
Initial reward
High-quality users can receive different amounts of blind box fragments as initial rewards based on their own ratings.
If there is an initial reward and you want to get it, you need to deposit 0.25 ETH or the equivalent USDC to activate the wallet and get the invitation code.
If there is no initial reward, you need to deposit at least 0.01 ETH or equivalent USDC to activate the wallet and obtain the invitation code.
Reward calculation
Users who pledge 1 ETH can get 25 blind box fragments as rewards every 7 days. 25 blind box fragments can be synthesized into 1 blind box, and 1 blind box can be used to open 1 NFT.
Note that this event is different from Blast. Due to the short duration of the event, capital deposits will be stopped in January. If you want to deposit small funds, it is unlikely that you will be able to collect 1 NFT by stretching the front.
invitation system
After the first recharge, the user can get 8 invitation codes. The inviter and the invitee form a group. When the group funds reach 5 E, they can get 5 additional invitation codes. When the group funds reach 20 E, they can get 1 permanent invitation code. Invitation code.
Inviters can get two levels of rewards, 16% and 8% respectively. For example, if A invites B, and B invites C, A can get 16% of Bs reward and 8% of Cs reward to increase the spread of the event.
Speed and efficiency bonus
If a user enters a large number of assets for the first time, the 7-day waiting period will be reduced, and he or she can even directly obtain the first weeks fragment reward, but the acceleration effect will only be once.
The more funds the group pledges, the more blind box fragment bonuses they receive in each cycle.
Additional rewards
The default 3% reward is allocated to 6 types of NFT holders. If you want to get an additional 2% reward, users can synthesize the 6 NFTs obtained into a super rare NFT. Super rare NFT holders can get 2 % of token rewards.
The 6 types of NFT can be obtained by participating in activities and opening blind boxes, or they can be bought and sold on the market.
In addition, users who participate in the Manta ecological project interaction (Dex, Lending, providing LP, etc.) can also receive a 1.5% token reward. See the link below for the Manta ecological project.
https://manta.network/ecosystem.html
critical time
As early as January 2024, users can exchange the NFT they obtain into token rewards;
69 days after receiving the token reward, users can unlock and transfer the pledged ETH and USDC from the Manta ecosystem.
3. Specific operations
https://newparadigm.manta.network/?inviteCode=LGDCE
Join the event
Use the Biteye invitation link above to enter the event page and join the Biteye group to get exclusive additional rewards.
Half of the invitation reward is given to the group members
25% -50% of the official Grant of 25,871 $Manta obtained by Biteye will be given to team members as an incentive
More benefits Coming soon
Click Join Now on the event page to join the event.
Bind Twitter, connect to wallet, and confirm initial rewards.
Initial reward activation
If there is an initial reward, the following congratulations interface will appear. Just deposit the corresponding funds to activate the reward.
If there is no initial reward, the following interface will appear, prompting the user to switch wallets and try again.
The funds here are deposited from the main network to the Manta network. When depositing funds, pay attention to the GAS level of the main network.
ETH will become Stone after being deposited, and USDC will become wUSDM after being deposited. If there is no GAS for subsequent interactions, you can use a third-party bridge to connect to the Manta network, which will save GAS even more.
Note that to participate in the event, you must deposit funds through the event page to obtain blind box fragments. However, the GAS required for subsequent interactions in the Manta ecosystem can be cross-chained through a third-party bridge.
For small gas cross-chain, you can use the Mini Bridge link below, which has the lowest rate.
https://minibridge.chaineye.tools/
List of activity interfaces
Since the deposited funds are less than 1 ETH, only 0.27, the cycle time is 7 days, which is stretched to (1/0.27) x 7 = 25.9 days, which is about 25 days and 22 hours as a cycle.
In other words, users can get 6 fragments every week, and the fragments can be used to synthesize blind boxes after 25 days and 22 hours.
This is why it is mentioned above that if the funds are too small, it may be too late to synthesize a blind box. However, some radical strategies will be introduced below to help small funds speed up the progress. Of course, the risks are also higher. Choose according to personal circumstances.
Strategy introduction
Steady gameplay (Buy Stone + LP + Lending)
After depositing ETH, many users may sell their Stone in order to use their funds for more radical operations. At this time, the price of Stone will definitely be decoupled from ETH. However, as the asset is unlocked in the future, the price of Stone will most likely increase. Gradually becoming the same as ETH, we can buy Stone when the price is low and wait for a steady rise.
(https://dexscreener.com/manta/0x02b25ffb7269fc167f8959de9a1bcd4213c06aaf)
As shown above, the current price of Stone is only 0.89 ETH. After buying, just wait for the price to return to 1 ETH.
At the same time, after depositing ETH, we can also take the obtained Stone to Quickswap to form an LP to receive handling fee income, or deposit the funds into the lending platform Layerbank to obtain lending rewards and an additional 1.5% ecological reward from Manta.
（https://quickswap.exchange）
(https://manta.layerbank.finance/)
Aggressive gameplay (sell Stone and recycle ETH)
Sell Stone directly for ETH on Quickswap, use the cross-chain bridge to cross out, then deposit it, and use small funds to obtain more shard rewards.
However, note that due to the continuous selling of Stone, there is already nearly 11% wear and tear here. If you think that future airdrops cannot cover the wear and tear here, then it is not recommended to do this.
