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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Balancer is an automated market maker (AMM) protocol that allows users to swap assets using liquidity pools, similar to Uniswap. Balancer differs from Uniswap in that liquidity pools can have up to 8 assets deposited in them, and the desired ratio between those assets can be set by the person that creates it. This allows users to create custom investment vehicles that can act like index funds, which comes with the added benefit of being able to maintain the ratios of the assets in their portfolio by having arbitragers effectively manage the fund for them.
In this tutorial, we will cover how to swap on Balancer on the Polygon network. Polygon is an EVM smart contract-enabled side chain that is very similar to Ethereum. This means that you can use familiar tools like MetaMask to approve transactions. An added benefit is that the transaction fees on Polygon are much lower than on Ethereum.
In order to use Balancer on Polygon, you'll need to have assets on Polygon. You can do this by using a bridge, which you can find here: Ethereum <> Polygon bridge.
If this is your first time using Polygon, check out this guide.
Step 1: Go to Balancer
To access Balancer on the Polygon network, go to https://polygon.balancer.fi.
Step 2: Connect your wallet
Make sure your wallet is on the Polygon Network. If you’re using MetaMask, it should look like this. You can use the dropdown to toggle between networks.
On the Balancer page, click “Connect wallet”.
Select the wallet you’d like to use.
Step 3: Go to “Trade”
Now that your wallet is connected, you can swap on Balancer. To do this, select “Trade” at the top of the page.
Step 4: Swap
In the Balancer interface, enter the token and amount you’d like to send and receive. Then select “Preview Trade”.
Next you’ll need to approve the swap, which gives Balancer access to the funds you are sending (in my case, USDT). You might need to wait a minute or two for this transaction to complete.
Once the “Approve” transaction completes, you will be prompted to confirm the trade. Click “Confirm trade”.
Congrats! You made your first swap on Balancer 🎉 Once your trade has settled, you should see this message.
This guide was written in collaboration with @JorrinB.
Balancer is an automated market maker (AMM) protocol that allows users to swap assets using liquidity pools, similar to Uniswap. Balancer differs from Uniswap in that liquidity pools can have up to 8 assets deposited in them, and the desired ratio between those assets can be set by the person that creates it. This allows users to create custom investment vehicles that can act like index funds, which comes with the added benefit of being able to maintain the ratios of the assets in their portfolio by having arbitragers effectively manage the fund for them.
In this tutorial, we will cover how to swap on Balancer on the Polygon network. Polygon is an EVM smart contract-enabled side chain that is very similar to Ethereum. This means that you can use familiar tools like MetaMask to approve transactions. An added benefit is that the transaction fees on Polygon are much lower than on Ethereum.
In order to use Balancer on Polygon, you'll need to have assets on Polygon. You can do this by using a bridge, which you can find here: Ethereum <> Polygon bridge.
If this is your first time using Polygon, check out this guide.
Step 1: Go to Balancer
To access Balancer on the Polygon network, go to https://polygon.balancer.fi.
Step 2: Connect your wallet
Make sure your wallet is on the Polygon Network. If you’re using MetaMask, it should look like this. You can use the dropdown to toggle between networks.
On the Balancer page, click “Connect wallet”.
Select the wallet you’d like to use.
Step 3: Go to “Trade”
Now that your wallet is connected, you can swap on Balancer. To do this, select “Trade” at the top of the page.
Step 4: Swap
In the Balancer interface, enter the token and amount you’d like to send and receive. Then select “Preview Trade”.
Next you’ll need to approve the swap, which gives Balancer access to the funds you are sending (in my case, USDT). You might need to wait a minute or two for this transaction to complete.
Once the “Approve” transaction completes, you will be prompted to confirm the trade. Click “Confirm trade”.
Congrats! You made your first swap on Balancer 🎉 Once your trade has settled, you should see this message.
This guide was written in collaboration with @JorrinB.
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