零成本撸空投:Grass升级得2倍积分
这已经是第三次介绍 Grass 了。因为这个项目在持续进步,今天介绍它是因为 Grass 推出了自己的电脑客户端,升级后你可以获得原来的 2 倍积分。如果你是第一次知道这个项目,请先了解一下 Grass,如果早就开始通过 Grass 赚空投积分了,直接跳到后面的升级部分。1. Grass 是什么?Grass 是一个专为人工智能设计的数据层,旨在通过利用用户设备上的闲置资源,收集互联网数据以帮助开发和训练人工智能模型。 那么,Grass 是如何实现这一切的呢?其核心在于“主权数据汇聚”,包括节点、路由器、验证者、零知识处理器(ZK processor)和数据账本。这些组件共同作用,将网络上非结构化的数据整理成结构化的数据集,这对训练人工智能模型至关重要。 Grass 的一个显著优势在于利用闲置资源。安装后无需操作,它每天都会给你带来一定的空投积分。2. 如何参与 Grass 空投?2.1 注册账号进入 https://app.getgrass.io/ 完成账号注册,填入邮箱、用户名与密码。密码需要强化,要包括至少一个大写字母、一个数字和一个特殊字符。推荐码是:2uTYBkp7eY1...
零基础教程:用冷钱包保管比特币
冷钱包听起来是一个非常高级的技术,但实际上,理解它就像在冬天穿外套保暖一样简单。冷钱包就是比特币的“外套”,它能把你的比特币放在一个完全与互联网隔离的地方,确保它们不被黑客攻击。1. 什么是冷钱包?冷钱包是一种存储加密货币的方式,它完全离线,不与互联网连接。这意味着,即使黑客掌握了你的电脑或手机,他们也无法轻易访问你的比特币。你可以想象冷钱包就像是一个保险箱,而热钱包(在线钱包)则像是你平时用的钱包,虽然方便,但安全性不如保险箱。2. 为什么要用冷钱包?安全性高:因为冷钱包不连接互联网,黑客几乎不可能远程入侵。防止被盗:即使你的电脑中毒或账号被黑,你的比特币仍然安全。长期存储:如果你打算长期持有比特币,冷钱包是理想选择。3. 冷钱包的类型冷钱包有几种形式,适合不同需求的人:硬件钱包:这是一种专门设计的小设备,像是一个USB,里面有存储你的私钥(访问你比特币的钥匙)。常见的硬件钱包有Ledger和Trezor。纸钱包:纸钱包就是将你的比特币地址和私钥打印在一张纸上。这张纸的安全性取决于你把它藏得多好。不要告诉别人它放在哪里,也不要放在潮湿的地方。离线电脑:你可以用一台不连接互联网的...
零成本空投:JumpTask
随着数字化和加密货币的不断普及,越来越多的人希望能通过简单的在线任务赚取收益。JumpTask 正是这样一个平台,提供了多种简单的方法,让用户能够通过完成小任务赚取加密货币——JumpToken(JMPT)。当前 JMPT 的价格是 1.1 美元左右。点击这里你可以看到 JMPT 的最新价格走势,如下图。1. JumpTask 是什么?更准确地说 JumpTask 不是一个空投项目,而是一个多劳多得的平台,任务的回报依据任务类型和完成情况而有所不同。在这里,你不要担心未来是否会真的获得空投。因为这里的每个任务都已经用 JMPT 明码标价了。 “JumpTask 是一个面向全球用户的在线平台,提供多种任务以赚取加密货币。所有的收入都是用加密货币——JMPT——支付的。JMPT 位于 BNB 智能链 上,你只要有 Metamask 或 Rabby 钱包就可以无障碍提取自己的收入。 无论你是学生、全职妈妈还是自由职业者,只要有空闲时间,JumpTask 就能让你赚美元。2. JumpTask 有什么特色?JumpTask 的特色可以用“简单、灵活”来概括。 首先,在 Jumptask ...
Airdrop Reference Founder 《空投参考》创建人
零成本撸空投:Grass升级得2倍积分
这已经是第三次介绍 Grass 了。因为这个项目在持续进步,今天介绍它是因为 Grass 推出了自己的电脑客户端,升级后你可以获得原来的 2 倍积分。如果你是第一次知道这个项目,请先了解一下 Grass,如果早就开始通过 Grass 赚空投积分了,直接跳到后面的升级部分。1. Grass 是什么?Grass 是一个专为人工智能设计的数据层,旨在通过利用用户设备上的闲置资源,收集互联网数据以帮助开发和训练人工智能模型。 那么,Grass 是如何实现这一切的呢?其核心在于“主权数据汇聚”,包括节点、路由器、验证者、零知识处理器(ZK processor)和数据账本。这些组件共同作用,将网络上非结构化的数据整理成结构化的数据集,这对训练人工智能模型至关重要。 Grass 的一个显著优势在于利用闲置资源。安装后无需操作,它每天都会给你带来一定的空投积分。2. 如何参与 Grass 空投?2.1 注册账号进入 https://app.getgrass.io/ 完成账号注册,填入邮箱、用户名与密码。密码需要强化,要包括至少一个大写字母、一个数字和一个特殊字符。推荐码是:2uTYBkp7eY1...
零基础教程:用冷钱包保管比特币
冷钱包听起来是一个非常高级的技术,但实际上,理解它就像在冬天穿外套保暖一样简单。冷钱包就是比特币的“外套”,它能把你的比特币放在一个完全与互联网隔离的地方,确保它们不被黑客攻击。1. 什么是冷钱包?冷钱包是一种存储加密货币的方式,它完全离线,不与互联网连接。这意味着,即使黑客掌握了你的电脑或手机,他们也无法轻易访问你的比特币。你可以想象冷钱包就像是一个保险箱,而热钱包(在线钱包)则像是你平时用的钱包,虽然方便,但安全性不如保险箱。2. 为什么要用冷钱包?安全性高:因为冷钱包不连接互联网,黑客几乎不可能远程入侵。防止被盗:即使你的电脑中毒或账号被黑,你的比特币仍然安全。长期存储:如果你打算长期持有比特币,冷钱包是理想选择。3. 冷钱包的类型冷钱包有几种形式,适合不同需求的人:硬件钱包:这是一种专门设计的小设备,像是一个USB,里面有存储你的私钥(访问你比特币的钥匙)。常见的硬件钱包有Ledger和Trezor。纸钱包:纸钱包就是将你的比特币地址和私钥打印在一张纸上。这张纸的安全性取决于你把它藏得多好。不要告诉别人它放在哪里,也不要放在潮湿的地方。离线电脑:你可以用一台不连接互联网的...
零成本空投:JumpTask
随着数字化和加密货币的不断普及,越来越多的人希望能通过简单的在线任务赚取收益。JumpTask 正是这样一个平台,提供了多种简单的方法,让用户能够通过完成小任务赚取加密货币——JumpToken(JMPT)。当前 JMPT 的价格是 1.1 美元左右。点击这里你可以看到 JMPT 的最新价格走势,如下图。1. JumpTask 是什么?更准确地说 JumpTask 不是一个空投项目,而是一个多劳多得的平台,任务的回报依据任务类型和完成情况而有所不同。在这里,你不要担心未来是否会真的获得空投。因为这里的每个任务都已经用 JMPT 明码标价了。 “JumpTask 是一个面向全球用户的在线平台,提供多种任务以赚取加密货币。所有的收入都是用加密货币——JMPT——支付的。JMPT 位于 BNB 智能链 上,你只要有 Metamask 或 Rabby 钱包就可以无障碍提取自己的收入。 无论你是学生、全职妈妈还是自由职业者,只要有空闲时间,JumpTask 就能让你赚美元。2. JumpTask 有什么特色?JumpTask 的特色可以用“简单、灵活”来概括。 首先,在 Jumptask ...
Airdrop Reference Founder 《空投参考》创建人

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While we were still worried about the centralization of WBTC, BTC’s liquidity re-staking has arrived.
eBTC not only solves the centralization problem of BTC but also allows BTC to generate staking and re-staking rewards while achieving remote staking.
Note that this eBTC is the re-staked version of BTC from ether.fi.

It is not to be confused with the eBTC from ebtc.finance below. The latter is merely a synthetic asset based on stETH, with the underlying asset still being ETH, synthesized through over-collateralization. Unlike the eBTC mentioned above, this red eBTC’s benefits still come from ETH staking and re-staking rewards.

You might be wondering, what is the source of ether.fi’s eBTC rewards?
There are two sources: one is the staking rewards from Bitcoin, and the other is the re-staking rewards from Bitcoin.
BTC’s re-staking rewards, similar to ETH’s re-staking rewards, come from Eigenlayer’s AVS service. If you're unclear, please check out this article titled “Demystifying Re-Staking.”
Today, the focus is on BTC staking rewards. The Babylon project makes all of this possible. I will detail how to stake BTC, re-stake, and leverage stake and re-stake shortly.
To understand the “why,” you first need to understand the Babylon project and how it differs from Eigenlayer.
Let’s start with the similarities—both projects are backed by academic scholars.
EigenLayer was founded by former University of Washington associate professor Sreeram Kannan. Kannan closely collaborated with David Tse (founder of Babylon) during his postdoctoral research at UC Berkeley and Stanford.

Babylon, co-founded by Stanford engineering professor David Tse, aims to use Bitcoin as a staking asset to enhance the security of other blockchains.

Babylon adopts a method similar to EigenLayer but focuses more on Bitcoin. Both projects enhance blockchain security through staking mechanisms and provide rewards to users, yet they differ significantly in technical architecture, sources of rewards, and supported application scenarios.
Babylon is like giving a key to the dormant Bitcoin, allowing it to participate in PoS chain staking and earn rewards.
Babylon is an innovative project that introduces staking mechanisms for Bitcoin, enabling the integration of Bitcoin with proof-of-stake (PoS) chains through remote staking. Traditionally, Bitcoin, as an asset in a proof-of-work (PoW) system, lacks staking functionality and cannot offer users staking rewards like Ethereum (ETH). Babylon breaks this limitation, allowing Bitcoin holders to stake BTC to provide economic security for PoS chains and earn staking rewards. This is a significant innovation in Bitcoin staking, particularly in avoiding cross-chain bridge security risks, as it does not require transferring Bitcoin to PoS chains via traditional cross-chain methods.
Although Babylon innovatively introduces Bitcoin staking, it faces some technical limitations. Firstly, Bitcoin uses a UTXO model, lacking Ethereum-like native smart contract functionality. This means that Babylon can only offer static capital security, unable to support services like oracles, cross-chain bridges, or data availability layers that require complex on-chain logic and real-time interactions. While Babylon’s staking mechanism can enhance PoS chain security through timestamping and a trustworthy slashing mechanism, it lacks the capability to handle dynamic data verification and cross-chain asset management, resulting in relatively limited application scenarios.
There is some overlap between the target audiences of Babylon and Eigenlayer, as both can provide security for PoS chains.
Comparatively, Babylon has a nominal advantage when serving PoS chains, as Bitcoin’s reputation is clearly greater than that of Ethereum. However, Eigenlayer has a broader scope and can offer more AVS services, such as oracles, cross-chain bridges, and data availability layers.
Thus, while Babylon and Eigenlayer have some competition, collaboration is more prevalent, especially in the re-staking domain.
The liquidity staking (LBTC) and re-staking (eBTC) of Bitcoin are leading the crypto world into a new era.
In this process, BTC is no longer just traditional "digital gold"; it now has more liquidity and utility. Through liquidity staking and re-staking, Bitcoin can enjoy the benefits of both worlds: it can serve as a highly secure store of value and participate in staking across different blockchains to earn rewards.
Thanks to Ethereum’s innovation in re-staking, Bitcoin’s re-staking seems to have materialized overnight.
LBTC is a liquidity staking token for Bitcoin on smart contract platforms like Ethereum, similar to stETH after Ethereum staking. In other words, when users stake BTC, they receive an equivalent amount of LBTC, which can be traded and used in other DeFi applications just like the original BTC. This brings unprecedented flexibility to Bitcoin holders: they can earn staking rewards without giving up BTC's liquidity.
With LBTC, Bitcoin is no longer a static asset but can flow flexibly like water in the DeFi world.
Due to Ethereum's rich DeFi protocol ecosystem, such as lending, liquidity mining, and yield aggregators, BTC holders can participate in these protocols through LBTC, earning more rewards. This approach not only preserves Bitcoin's security features but also enhances its utility.
Thus, the Bitcoin that continuously generates rewards—LBTC—has been born. Look at the asset innovation brought by stETH, and you'll understand how vast LBTC's future could be.
Thanks to Ethereum's re-staking innovation, Bitcoin’s liquidity re-staking seems to have happened overnight. The eBTC from ether.fi is theoretically built on LBTC, but for user experience, you can stake WBTC directly on the Ethereum blockchain to receive eBTC. This method has already been applied to Ethereum's liquidity re-staking: users don’t need to own staked ETH (like stETH) but can participate in re-staking directly with ETH, enjoying both staking and re-staking rewards in one go.

The principle behind this is similar to Eigenlayer’s ETH re-staking. This means that re-stakers not only receive the original BTC staking rewards but also gain additional re-staking rewards from the security services provided by Eigenlayer. This dual reward model maximizes potential returns for stakers.
The core value of liquidity staking and re-staking lies in providing Bitcoin holders with more opportunities to make their previously locked capital more active. In liquidity staking, staking BTC no longer means locking up assets; users can continue to operate within the DeFi ecosystem, such as using LBTC as collateral for loans or providing liquidity to earn fees. Here, you can discover 20 ways to earn with LBTC.

Currently, ether.fi also offers 4 ways to earn with eBTC.

As the technology of Bitcoin liquidity staking and re-staking matures, future Bitcoin holders will not solely rely on price appreciation for wealth growth. They can obtain a continuous stream of rewards through various protocols and services while retaining their Bitcoin holdings via staking and re-staking mechanisms.
In the future, we can expect to witness the emergence of more multi-chain Bitcoin liquidity derivatives, such as cross-chain compatible staking tokens and more platforms supporting re-staking services, enriching the Bitcoin ecosystem. This will transform Bitcoin from a “passive holding” asset into an “actively appreciating” asset.
This applies only to scenarios where you have Bitcoin on the Bitcoin blockchain.
Click the link to enter the page below.

After connecting your wallet, confirm the target address for LBTC as shown in the image below.

Once confirmed, you will proceed to the next step, where you can choose how to stake BTC; it’s recommended to select direct staking on the left.

Click the copy button at the arrow position in the image above, and send BTC to that address through your Bitcoin wallet or centralized exchange. After staking, it’s advisable to complete the re-staking below. Currently, ether.fi has more related protocols airdropping, and re-staking can further amplify your airdrop rewards.
There are two ways to achieve BTC re-staking: one is the traditional re-staking on ether.fi, and the other is providing liquidity on the curvefi website.
If you have WBTC on Ethereum, or if you already have LBTC, click to connect and enter the page below.

After connecting your wallet, select WBTC or LBTC and click the Deposit button below.

Click the link to enter the page below.

Notice the arrow position in the image above; you will find that there is relatively little WBTC in the eBTC-WBTC pool, so you only need to deposit WBTC to receive extra rewards. Keeping eBTC at 0 while inputting 1 WBTC will yield 0.0265% in rewards.

Don’t worry about whether ether.fi recognizes this re-staking, as this is also advocated by ether.fi, and staking here will earn you 4x points, as shown in the image below.

If, like me, you’re optimistic about the future returns from BTC staking and re-staking—mainly various airdrops—you can leverage Pendle to stake and re-stake significantly.
However, before leveraging LBTC and eBTC, it’s essential to understand the underlying principles.
Leverage is achieved through Pendle's mechanism of separating principal and yield, allowing you to purchase yield tokens (YT). For example, I bought YT as shown in the image below.

I purchased 0.061 YT for LBTC and 0.069 YT for eBTC, each costing around 100 USD. If you don’t buy YT and want to stake LBTC or eBTC directly, how much BTC would you need to stake?
For LBTC, I would need to stake approximately 0.216 LBTC to receive 0.06057 YT, as shown in the image. The value of 0.216 LBTC is about 13,426.37 USD, meaning I spent 100 USD to borrow 0.216 LBTC for 97 days, gaining rights to various airdrop points—this results in over a hundred times leverage.

Now, looking at eBTC, to obtain 0.069 YT, I need to stake 0.173 eBTC, as shown in the image.

This means I spent 100 USD to purchase rights to earn various airdrop points from eBTC over the next 97 days, achieving similar leverage exceeding 100 times.
My risk is that if the total airdrop earnings don’t reach 200 USD, I will incur a loss. Fortunately, I only invested 200 USD, limiting my loss.
Keep in mind that after 97 days, on December 25, 2024, your YT will be worthless, while all previous airdrop points will have been distributed to the wallet holding the YT.
With an understanding of Pendle's leveraging principles, if you’re interested in trying it out, keep reading!
After clicking the link to connect your wallet, you'll enter the following page.

First, let's see how to leverage LBTC. Click on the YT LBTC on the left side, as shown in the image below.

In the new page, the process is similar to a regular swap. Find the token you want to pay with; I directly used ETH to reduce steps and save on gas fees, as shown in the image.

After clicking the Swap button, a new page will pop up—just click Swap again.

Finally, you'll need to sign with your wallet. You’ll notice it costs 0.002566 ETH in gas fees, which is relatively high.

Similarly, find YT eBTC and click on the Purchase YT eBTC option.

Continue using ETH for the purchase. Click Swap, then sign with your wallet.

Click on the Dashboard menu → YT tab to see the types and amounts of YT you just purchased. You can sell your YT through Points Markets anytime before its value drops to 0, which is before December 26, 2024.

About 24 hours later, by clicking the link, you can find that the airdrop points related to LBTC have started distributing. This site requires an invitation for the points to activate; here’s a one-time invite code: pr3e-hg8d k747-3jae 5ffj-c95p.

Click the link to check the LBTC points; in less than two days, it has accumulated 358.69 points.

Now, let's take a look at the re-staking points for eBTC. Click the link, connect your wallet, and enter the page shown below. You can see that the eBTC Loyalty PTS is now at 100.26K.

Thanks to the modular design of blockchain, the re-staking mechanism for BTC (from LBTC to eBTC) has been nearly realized overnight. This same concept has also been applied to the leveraged re-staking of BTC, as ETH's leveraged re-staking was implemented earlier. This innovation is like introducing a new YT product on the Pendle platform—the core mechanism hasn’t changed; it’s simply been applied to Bitcoin.
This modular approach not only enhances the flexibility of decentralized finance (DeFi) but also allows complex financial instruments to be assembled like building blocks, driving rapid development and expansion of the entire blockchain ecosystem.
Each innovation in blockchain opens a new door, giving more assets the same opportunities. Of course, besides modularity, the role of tokenization is also significant, which we can discuss another day.
Airdrop Reference is an innovative blockchain education and promotion platform aimed at spreading basic blockchain knowledge and helping ordinary users understand and participate in the development of blockchain technology. The mission of this project is to lower the entry barriers to blockchain, promote high-quality blockchain projects, and allow more people to enjoy the benefits of the Web3.0 era.
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While we were still worried about the centralization of WBTC, BTC’s liquidity re-staking has arrived.
eBTC not only solves the centralization problem of BTC but also allows BTC to generate staking and re-staking rewards while achieving remote staking.
Note that this eBTC is the re-staked version of BTC from ether.fi.

It is not to be confused with the eBTC from ebtc.finance below. The latter is merely a synthetic asset based on stETH, with the underlying asset still being ETH, synthesized through over-collateralization. Unlike the eBTC mentioned above, this red eBTC’s benefits still come from ETH staking and re-staking rewards.

You might be wondering, what is the source of ether.fi’s eBTC rewards?
There are two sources: one is the staking rewards from Bitcoin, and the other is the re-staking rewards from Bitcoin.
BTC’s re-staking rewards, similar to ETH’s re-staking rewards, come from Eigenlayer’s AVS service. If you're unclear, please check out this article titled “Demystifying Re-Staking.”
Today, the focus is on BTC staking rewards. The Babylon project makes all of this possible. I will detail how to stake BTC, re-stake, and leverage stake and re-stake shortly.
To understand the “why,” you first need to understand the Babylon project and how it differs from Eigenlayer.
Let’s start with the similarities—both projects are backed by academic scholars.
EigenLayer was founded by former University of Washington associate professor Sreeram Kannan. Kannan closely collaborated with David Tse (founder of Babylon) during his postdoctoral research at UC Berkeley and Stanford.

Babylon, co-founded by Stanford engineering professor David Tse, aims to use Bitcoin as a staking asset to enhance the security of other blockchains.

Babylon adopts a method similar to EigenLayer but focuses more on Bitcoin. Both projects enhance blockchain security through staking mechanisms and provide rewards to users, yet they differ significantly in technical architecture, sources of rewards, and supported application scenarios.
Babylon is like giving a key to the dormant Bitcoin, allowing it to participate in PoS chain staking and earn rewards.
Babylon is an innovative project that introduces staking mechanisms for Bitcoin, enabling the integration of Bitcoin with proof-of-stake (PoS) chains through remote staking. Traditionally, Bitcoin, as an asset in a proof-of-work (PoW) system, lacks staking functionality and cannot offer users staking rewards like Ethereum (ETH). Babylon breaks this limitation, allowing Bitcoin holders to stake BTC to provide economic security for PoS chains and earn staking rewards. This is a significant innovation in Bitcoin staking, particularly in avoiding cross-chain bridge security risks, as it does not require transferring Bitcoin to PoS chains via traditional cross-chain methods.
Although Babylon innovatively introduces Bitcoin staking, it faces some technical limitations. Firstly, Bitcoin uses a UTXO model, lacking Ethereum-like native smart contract functionality. This means that Babylon can only offer static capital security, unable to support services like oracles, cross-chain bridges, or data availability layers that require complex on-chain logic and real-time interactions. While Babylon’s staking mechanism can enhance PoS chain security through timestamping and a trustworthy slashing mechanism, it lacks the capability to handle dynamic data verification and cross-chain asset management, resulting in relatively limited application scenarios.
There is some overlap between the target audiences of Babylon and Eigenlayer, as both can provide security for PoS chains.
Comparatively, Babylon has a nominal advantage when serving PoS chains, as Bitcoin’s reputation is clearly greater than that of Ethereum. However, Eigenlayer has a broader scope and can offer more AVS services, such as oracles, cross-chain bridges, and data availability layers.
Thus, while Babylon and Eigenlayer have some competition, collaboration is more prevalent, especially in the re-staking domain.
The liquidity staking (LBTC) and re-staking (eBTC) of Bitcoin are leading the crypto world into a new era.
In this process, BTC is no longer just traditional "digital gold"; it now has more liquidity and utility. Through liquidity staking and re-staking, Bitcoin can enjoy the benefits of both worlds: it can serve as a highly secure store of value and participate in staking across different blockchains to earn rewards.
Thanks to Ethereum’s innovation in re-staking, Bitcoin’s re-staking seems to have materialized overnight.
LBTC is a liquidity staking token for Bitcoin on smart contract platforms like Ethereum, similar to stETH after Ethereum staking. In other words, when users stake BTC, they receive an equivalent amount of LBTC, which can be traded and used in other DeFi applications just like the original BTC. This brings unprecedented flexibility to Bitcoin holders: they can earn staking rewards without giving up BTC's liquidity.
With LBTC, Bitcoin is no longer a static asset but can flow flexibly like water in the DeFi world.
Due to Ethereum's rich DeFi protocol ecosystem, such as lending, liquidity mining, and yield aggregators, BTC holders can participate in these protocols through LBTC, earning more rewards. This approach not only preserves Bitcoin's security features but also enhances its utility.
Thus, the Bitcoin that continuously generates rewards—LBTC—has been born. Look at the asset innovation brought by stETH, and you'll understand how vast LBTC's future could be.
Thanks to Ethereum's re-staking innovation, Bitcoin’s liquidity re-staking seems to have happened overnight. The eBTC from ether.fi is theoretically built on LBTC, but for user experience, you can stake WBTC directly on the Ethereum blockchain to receive eBTC. This method has already been applied to Ethereum's liquidity re-staking: users don’t need to own staked ETH (like stETH) but can participate in re-staking directly with ETH, enjoying both staking and re-staking rewards in one go.

The principle behind this is similar to Eigenlayer’s ETH re-staking. This means that re-stakers not only receive the original BTC staking rewards but also gain additional re-staking rewards from the security services provided by Eigenlayer. This dual reward model maximizes potential returns for stakers.
The core value of liquidity staking and re-staking lies in providing Bitcoin holders with more opportunities to make their previously locked capital more active. In liquidity staking, staking BTC no longer means locking up assets; users can continue to operate within the DeFi ecosystem, such as using LBTC as collateral for loans or providing liquidity to earn fees. Here, you can discover 20 ways to earn with LBTC.

Currently, ether.fi also offers 4 ways to earn with eBTC.

As the technology of Bitcoin liquidity staking and re-staking matures, future Bitcoin holders will not solely rely on price appreciation for wealth growth. They can obtain a continuous stream of rewards through various protocols and services while retaining their Bitcoin holdings via staking and re-staking mechanisms.
In the future, we can expect to witness the emergence of more multi-chain Bitcoin liquidity derivatives, such as cross-chain compatible staking tokens and more platforms supporting re-staking services, enriching the Bitcoin ecosystem. This will transform Bitcoin from a “passive holding” asset into an “actively appreciating” asset.
This applies only to scenarios where you have Bitcoin on the Bitcoin blockchain.
Click the link to enter the page below.

After connecting your wallet, confirm the target address for LBTC as shown in the image below.

Once confirmed, you will proceed to the next step, where you can choose how to stake BTC; it’s recommended to select direct staking on the left.

Click the copy button at the arrow position in the image above, and send BTC to that address through your Bitcoin wallet or centralized exchange. After staking, it’s advisable to complete the re-staking below. Currently, ether.fi has more related protocols airdropping, and re-staking can further amplify your airdrop rewards.
There are two ways to achieve BTC re-staking: one is the traditional re-staking on ether.fi, and the other is providing liquidity on the curvefi website.
If you have WBTC on Ethereum, or if you already have LBTC, click to connect and enter the page below.

After connecting your wallet, select WBTC or LBTC and click the Deposit button below.

Click the link to enter the page below.

Notice the arrow position in the image above; you will find that there is relatively little WBTC in the eBTC-WBTC pool, so you only need to deposit WBTC to receive extra rewards. Keeping eBTC at 0 while inputting 1 WBTC will yield 0.0265% in rewards.

Don’t worry about whether ether.fi recognizes this re-staking, as this is also advocated by ether.fi, and staking here will earn you 4x points, as shown in the image below.

If, like me, you’re optimistic about the future returns from BTC staking and re-staking—mainly various airdrops—you can leverage Pendle to stake and re-stake significantly.
However, before leveraging LBTC and eBTC, it’s essential to understand the underlying principles.
Leverage is achieved through Pendle's mechanism of separating principal and yield, allowing you to purchase yield tokens (YT). For example, I bought YT as shown in the image below.

I purchased 0.061 YT for LBTC and 0.069 YT for eBTC, each costing around 100 USD. If you don’t buy YT and want to stake LBTC or eBTC directly, how much BTC would you need to stake?
For LBTC, I would need to stake approximately 0.216 LBTC to receive 0.06057 YT, as shown in the image. The value of 0.216 LBTC is about 13,426.37 USD, meaning I spent 100 USD to borrow 0.216 LBTC for 97 days, gaining rights to various airdrop points—this results in over a hundred times leverage.

Now, looking at eBTC, to obtain 0.069 YT, I need to stake 0.173 eBTC, as shown in the image.

This means I spent 100 USD to purchase rights to earn various airdrop points from eBTC over the next 97 days, achieving similar leverage exceeding 100 times.
My risk is that if the total airdrop earnings don’t reach 200 USD, I will incur a loss. Fortunately, I only invested 200 USD, limiting my loss.
Keep in mind that after 97 days, on December 25, 2024, your YT will be worthless, while all previous airdrop points will have been distributed to the wallet holding the YT.
With an understanding of Pendle's leveraging principles, if you’re interested in trying it out, keep reading!
After clicking the link to connect your wallet, you'll enter the following page.

First, let's see how to leverage LBTC. Click on the YT LBTC on the left side, as shown in the image below.

In the new page, the process is similar to a regular swap. Find the token you want to pay with; I directly used ETH to reduce steps and save on gas fees, as shown in the image.

After clicking the Swap button, a new page will pop up—just click Swap again.

Finally, you'll need to sign with your wallet. You’ll notice it costs 0.002566 ETH in gas fees, which is relatively high.

Similarly, find YT eBTC and click on the Purchase YT eBTC option.

Continue using ETH for the purchase. Click Swap, then sign with your wallet.

Click on the Dashboard menu → YT tab to see the types and amounts of YT you just purchased. You can sell your YT through Points Markets anytime before its value drops to 0, which is before December 26, 2024.

About 24 hours later, by clicking the link, you can find that the airdrop points related to LBTC have started distributing. This site requires an invitation for the points to activate; here’s a one-time invite code: pr3e-hg8d k747-3jae 5ffj-c95p.

Click the link to check the LBTC points; in less than two days, it has accumulated 358.69 points.

Now, let's take a look at the re-staking points for eBTC. Click the link, connect your wallet, and enter the page shown below. You can see that the eBTC Loyalty PTS is now at 100.26K.

Thanks to the modular design of blockchain, the re-staking mechanism for BTC (from LBTC to eBTC) has been nearly realized overnight. This same concept has also been applied to the leveraged re-staking of BTC, as ETH's leveraged re-staking was implemented earlier. This innovation is like introducing a new YT product on the Pendle platform—the core mechanism hasn’t changed; it’s simply been applied to Bitcoin.
This modular approach not only enhances the flexibility of decentralized finance (DeFi) but also allows complex financial instruments to be assembled like building blocks, driving rapid development and expansion of the entire blockchain ecosystem.
Each innovation in blockchain opens a new door, giving more assets the same opportunities. Of course, besides modularity, the role of tokenization is also significant, which we can discuss another day.
Airdrop Reference is an innovative blockchain education and promotion platform aimed at spreading basic blockchain knowledge and helping ordinary users understand and participate in the development of blockchain technology. The mission of this project is to lower the entry barriers to blockchain, promote high-quality blockchain projects, and allow more people to enjoy the benefits of the Web3.0 era.
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