Original source: AirPuff

Introduction

With the increasing number of airdrop rewards and activities, airdrops have become an indispensable part of the cryptocurrency field. Among them, AirPuff, as a pioneer in the field, focuses on helping users maximize their airdrop benefits, providing users with one-stop services, obtaining the largest airdrop rewards with the least funds, grasping the dazzling array of airdrop opportunities in the market, and solving the problem of general user funds being dispersed.

The arrival of the new era of airdrop 2.0

As we all know, airdrop activities have become more and more popular in recent years. Projects use airdrop activities as a main strategy to gain market attention. For users, airdrops, once considered a simple gesture of goodwill, have now become an important source of wealth and opportunity. In 2023 alone, the total airdrop share on Defi reached 4.6 billion US dollars, and the market expects that the airdrops obtained in 2024 will rise exponentially, including multiple blue chip projects such as EigenLayer, various liquid restaking ecological projects, Ethena, and various star L1 L2 chain self-managed tokens, making 2024 an important year for airdrops.

However, with the change of the times, the requirements and criteria of projects for airdrops are also changing with each passing day, from the initial simple allocation based on user activity to the introduction of various points and recommendation systems, making the overall experience gamified and complicated. The importance of the total locked amount is also becoming more and more important, making it more difficult for ordinary users with less funds to obtain a higher share from airdrops.

AirPuff - The Guide of Airdropfi

As the first protocol to enter and focus on the airdrop field, AirPuff aims to provide one-stop airdrop services and strategies so that users can maximize their limited funds and obtain the largest airdrop rewards. AirPuff provides up to 15 times leverage for users to borrow and increase their positions, and obtain score bonuses, thereby increasing the airdrop scores obtained and converting them into higher airdrop rewards.

As the best airdrop partner for users, AirPuff deeply understands the difficulties of ordinary users when airdropping. Limited funds and overwhelming information make users fail to grasp the most effective methods when airdropping, resulting in missed opportunities to get big airdrops. And relying solely on the big projects that have been known to the public will also cause the share to be diluted because their positions are not as good as those of whales and big players. Excessive dispersion of funds among different projects also makes the airdrop share obtained insignificant.

Airpuff uses AI technology to analyze big data on the market and social media to synthesize the most suitable airdrop opportunities for users, allowing users to grasp the latest market information while seizing every opportunity to maximize the airdrop they receive, becoming the inevitable choice for airdrops.

Breaking out in the Airdrop Industry

AirPuff has stood out from its competitors based on its own advantages and has become a leader in the airdrop industry.

Lower score cost

According to the price on Whales Market (a protocol for buying and selling scores over the counter), the cost of each 1 point of EigenLayer point is about $0.2. The average cost of opening a position with the AirPuff strategy is only about $0.11, which is about ~45% cheaper than the average user buying scores over the counter, providing users with a more affordable choice.

Up to 15x leverage

In AirPuff, users can open up to 15x leveraged positions to increase their own scores and shares, and increase their chances of getting more airdrops. Compared with other leveraged protocols, AirPuff users have a higher elasticity and flexibility, allowing users to maximize their returns.

Stablecoin lending

In addition to borrowing ETH, AirPuff also allows users to borrow stablecoins. The amount that users have to repay will be calculated in stablecoins, which is equivalent to opening a long position in ETH. When the price of ETH rises, users will profit because the price rises but the debt amount does not rise. This strategy is suitable for users who want to take advantage of airdrops and are confident in the price of ETH. While taking advantage of the airdrop, leverage the ETH price to get double profits.

Integrating AI strategies

The next stage of AirPuff will be to integrate AI technology into the airdrop strategy. AirPuff uses artificial intelligence technology to analyze market trends and airdrop information to help users grasp instant, concentrated and accurate airdrop opportunities, and more effectively maximize users' airdrop returns within limited funds. In addition, AirPuff will also integrate artificial intelligence into strategy design, so that artificial intelligence can analyze according to the user's risk orientation and asset distribution, and recommend the most suitable airdrop strategy for users. Integrating artificial intelligence into product design can also more effectively shorten product development and launch time, allowing AirPuff to more quickly capture market hotspots and provide appropriate support.

Protocol Comparison v.s. Pendle YT

The price risk of using the AirPuff strategy is less than that of holding YT. When users use the AirPuff strategy, the position will be based on ETH or stablecoins. Compared with Pendle's YT, the price of YT will be more volatile and riskier. The price of YT will change according to the market's expected implied yield, so the price fluctuation is larger. In addition, the price of YT will fall as the expiration date approaches in most cases, because the expected profit is running out of time. Therefore, YT holders must bear the risk of losses due to the decline in YT prices. In contrast, the risk of AirPuff using ETH or stablecoins as the base is less.

Protocol Comparison v.s. Pendle PT

AirPuff's lending can better provide and grasp the profit potential brought by assets. Pendle's PT will lock your interest rate at the moment of purchase, giving up the possibility of interest rate increases. In contrast, AirPuff's lending rate will change according to the utilization rate of the lending pool. Long-term high borrowing demand has made even blue-chip assets such as ETH have an average interest rate of 60%.

Protocol Comparison v.s. Gearbox

AirPuff's 15x leverage and stablecoin lending provide users with greater flexibility. Gearbox's leveraged product only allows users to open up to 10x ETH borrowing. In contrast, AirPuff allows users to open up to 15x leverage, and can use stablecoins as additional ETH long positions, bringing users greater profit potential.

Fjord Foundry Token Public Sale

AirPuff's token public sale will be held on April 8th to 11th at Fjord Foundry's LBP, issuing 15% of the total token supply.

According to the past performance of projects sold publicly on Fjord Foundry in the past month, the median project financing was $4.85 million, with the highest financing amount reaching $10.78 million, and the fully diluted valuation reached $167 million. But in fact, most of these public sale projects are still in the construction stage, and no substantial products have been launched. As a potential protocol with a locked amount of more than $8 million and more than 11 cross-chain airdrop strategies, the market has a certain enthusiasm and expectation for AirPuff's public sale. With a strong financing platform background and impressive project performance, this has laid a good foundation for AirPuff's token sale and foresaw its success.

$APUFF - Comprehensive Airdrop Token

As the governance token of AirPuff, the $APUFF token will become the Celestia of the Airdrop world, providing an underlying protocol for all Airdrops to build on top of it. Users can obtain three main uses by locking tokens: airdrop share, additional $APUFF distribution, and voting rights to control $APUFF distribution.

Airdrop Share

By locking $APUFF, lockers can obtain 5% of the airdrop share of all leveraged strategy users. This provides additional passive income and airdrop options to the public. Users only need to hold locked $APUFF to include all airdrop rewards with one token. Users no longer need to spread their funds across different projects, but only need to passively hold locked $APUFF tokens, and can obtain all the project governance tokens listed on AirPuff without thinking during airdrop distribution, solving the problem of general user fund dispersion and maximizing returns.

Additional $APUFF Distribution

Secondly, users need to lock $APUFF tokens worth 5% of their positions to obtain additional $APUFF regular distributions. Even if your position is $1000, you need to lock at least 5%, or $50 worth of $APUFF tokens, to obtain additional $APUFF regular distributions. This ensures that most of the liquid $APUFF tokens are locked, reducing selling pressure and keeping the $APUFF price stable.

Voting Rights

Third, users can obtain voting rights by locking $APUFF, controlling the distribution rate of $APUFF in each strategy and lending pool, thereby obtaining higher profits and leading to a positive cycle. This can also induce other protocols to bribe users with their own tokens to vote for their strategies. At this stage, Vector Reserve is ready to provide $10k worth of tokens for their voters to increase the incentive for users to deposit into their own strategies. Voting rights also make the protocol more decentralized, delegating the power of the protocol to users, and becoming a protocol that truly benefits users.

Valuation Calculation

Comparing similar protocols in the market such as Gearbox and Pendle, their fully diluted valuations are 174 million and 1.07 billion US dollars respectively, and their market capitalizations are 87 million and 417 million. We estimate that AirPuff's valuation will fall between the two. The low initial liquidity supply of the protocol (15% public sale and 1% private round) also adds stronger upside potential to the token.

In terms of product development, AirPuff's wider protocol and cross-chain coverage, as well as interest rates that are more favorable to borrowers and leverage users, are generally better than Gearbox, and the expected valuation will be higher than Gearbox.

Summary

In general, AirPuff, as a pioneer in the airdrop track, has unlimited potential with the concept of maximizing airdrop benefits for users. With its own advantages, including stronger lending flexibility, optimized lending experience, and the integration of artificial intelligence, AirPuff has created a world of its own in the airdrop track, and is expected to continue to play its advantages and expand its blueprint in the future.

AirPuff's governance token - $APUFF, relying on its airdrop sharing functionality, will be launched on April 11 as a comprehensive airdrop reward token. Its subversion of the traditional airdrop sharing concept solves the difficulty of general users' funds being dispersed, and becomes the focus of all airdrops, providing AirPuff users with additional benefits and taking it to the next level.

This article is from a contribution and does not represent the views of BlockBeats.

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