BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
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Lido is a decentralized, non-custodial, liquid platform for staking ETH. Users are able to stake any amount and receive stETH (staked ether) in return. StETH represents the deposited amount plus lending rewards, which is updated daily. The current APR for staking on Lido is 5% — you can find the updated amount here. As you might know, APR increases if the protocol has too little ETH staked in order to incentivize more providers.
The LDO governance token is distributed to its DAO members, who are responsible for protocol upgrades, defining parameters, and managing the group of liquidity pools that Lido has. The LDO tokens have a 1-year lock-up period, following a 1-year vesting period. It is up to the DAO, not the user, to decide which pool the stake enters.
Let’s navigate over to Lido and go through how to stake ETH on it.
Go through the usual steps of connecting your preferred wallet to Lido.
Once you connect your wallet and enter the staking page, choose the amount of ether that you would like to stake.
The equivalent amount of stETH will appear on the screen (it will vary slightly from the expected 1:1). The reward fee percentage refers to the fee collected on stake rewards and not the staked amount. It is put towards the Lido DAO and the node validators.
There is no minimum required amount to stake nor a lock-up period for the staked tokens.
You will be prompted by your wallet to confirm the transaction after you click on “Submit”. Be sure to approve the amount and give it a few moments for the stake to complete.
Your wallet should now contain the equivalent amount of stETH — rewards update on a daily basis and you should notice your stETH accruing accordingly.
Ethereum 2.0 is currently under active development, which means there is a higher risk of bugs being present in addition to Lido’s own risk of smart contract vulnerability. Due to the network’s limitations on transactions, there is no ability to unstake the provided ETH as of now. The stETH token provided by Lido exists in order to allow users to use, transfer, and trade on other DeFi protocols while their ETH is locked up.
Keep in mind that the amount of stETH held ties directly back to the staked ETH, so when it comes time to unstake the ETH, the user will only be able to unstake the equivalent amount of stETH they hold.
If you have any further questions about this guide, feel free to reach out on Twitter @eshita
Lido is a decentralized, non-custodial, liquid platform for staking ETH. Users are able to stake any amount and receive stETH (staked ether) in return. StETH represents the deposited amount plus lending rewards, which is updated daily. The current APR for staking on Lido is 5% — you can find the updated amount here. As you might know, APR increases if the protocol has too little ETH staked in order to incentivize more providers.
The LDO governance token is distributed to its DAO members, who are responsible for protocol upgrades, defining parameters, and managing the group of liquidity pools that Lido has. The LDO tokens have a 1-year lock-up period, following a 1-year vesting period. It is up to the DAO, not the user, to decide which pool the stake enters.
Let’s navigate over to Lido and go through how to stake ETH on it.
Go through the usual steps of connecting your preferred wallet to Lido.
Once you connect your wallet and enter the staking page, choose the amount of ether that you would like to stake.
The equivalent amount of stETH will appear on the screen (it will vary slightly from the expected 1:1). The reward fee percentage refers to the fee collected on stake rewards and not the staked amount. It is put towards the Lido DAO and the node validators.
There is no minimum required amount to stake nor a lock-up period for the staked tokens.
You will be prompted by your wallet to confirm the transaction after you click on “Submit”. Be sure to approve the amount and give it a few moments for the stake to complete.
Your wallet should now contain the equivalent amount of stETH — rewards update on a daily basis and you should notice your stETH accruing accordingly.
Ethereum 2.0 is currently under active development, which means there is a higher risk of bugs being present in addition to Lido’s own risk of smart contract vulnerability. Due to the network’s limitations on transactions, there is no ability to unstake the provided ETH as of now. The stETH token provided by Lido exists in order to allow users to use, transfer, and trade on other DeFi protocols while their ETH is locked up.
Keep in mind that the amount of stETH held ties directly back to the staked ETH, so when it comes time to unstake the ETH, the user will only be able to unstake the equivalent amount of stETH they hold.
If you have any further questions about this guide, feel free to reach out on Twitter @eshita
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