Kamino Finance S3 Airdrop Soon! [$KMNO]
The Brown Gent
about 1 month ago
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Executive Summary
Here's a summary of the video about recent crypto airdrop updates:
This video gives quick updates on several crypto airdrops and related activities happening right now. It covers claiming tokens from projects like MapleStory Universe and Solana Name Services, the status of the Kamino Finance Season 3 airdrop and what's coming in Season 4, new ways to earn from Virtuals staking, updates on DeFi Tuna, Huma Finance claims and arbitrage opportunities, and insights into the OnChain Heroes and Hyperliquid ecosystems. It highlights the presenter's strategy of often selling airdrops quickly and using protocols to earn yields.
Here are the key updates and details discussed:
MapleStory Universe (NXPC) Airdrop:
- The NXPC token generation event (TGE) happened recently, and you can claim your tokens until August 15th on their website.
- You'll likely need to use MetaMask and might need to import your wallet there.
- Be aware of potential geoblocks depending on your location, though using a VPN in certain countries like Switzerland or Indonesia has reportedly worked for some.
- The price of the token started very high ($3-$4) but dropped significantly quickly after launch.
- This price action reinforces the presenter's view that it's often better to sell airdrops right away unless you have strong conviction in the project's product-market fit.
Solana Name Services (SNS) Airdrop:
- The SNS token also had its TGE a couple of days ago.
- You can claim your airdrop by visiting the airdrop.SNS.ID website.
- There are multiple airdrops, including one for early supporters based on having a Solana address.
- There are other optional campaigns involving activities, but the presenter doesn't think they're particularly worth the time.
- After claiming, the presenter sold their SNS tokens on Jupiter.
- The token's price has also dropped a lot since its launch. The presenter recommends claiming even if the value is low now, as it was worth about $60 for them.
Kamino Finance (KMNO) Airdrop:
- Kamino Finance has concluded Season 3 and taken a snapshot for the airdrop distribution.
- You can check your eligibility and amount on the Kamino Season 3 checker website. The presenter received almost 7,000 KMNO on one wallet, which they thought was "not bad."
- The Season 3 distribution is linear, similar to previous seasons, and involves calculations based on whether you staked the KMNO token.
- The presenter wasn't staking KMNO anymore.
- Season 4 will start shortly after the Season 3 tokens are distributed.
- Season 4 points will be based on using Kamino Lend v2, Kamino Swap, and Kamino Real World Assets, which sounds interesting.
- Looking at community comments, many people were very unhappy with their Season 3 allocations; for example, someone who put $50k in a vault for six months got only $44 worth of tokens.
- The presenter feels these low airdrop returns highlight why focusing on using platforms like Kamino to earn actual yield (like stablecoin yields) is a much better strategy than just farming for airdrops, citing significant gains from this approach over the last 18 months.
Virtuals Staking and Airdrops:
- If you've been involved with Virtuals Genesis launches, you can now stake your Virtual tokens.
- Staking is available for durations from one week up to two years on the Virtuals platform.
- You earn airdrops based on the total "VE virtual" you hold, which is influenced by both the amount staked and the staking duration. Longer durations and larger amounts give you more VE virtual.
- The presenter is staking 8,000 Virtual for a week and 150 Virtual for two years, noting the two-year stake gives triple the VE virtual of the one-week stake for a significantly smaller amount.
- Airdrops appear in your wallet and might look like spam, but you should check the Virtuals platform dashboard to see if you've received them.
- A crucial point: Do not sell these airdropped tokens immediately if you want to keep receiving future allocations. Selling pauses your airdrop eligibility.
- The recommendation is to accumulate a good amount before selling, as the value of many such tokens tends to stagnate after a while.
- The presenter made $36 in the first 24 hours just from the one-week stake initially, indicating it can be quite rewarding.
DeFi Tuna Snapshot:
- DeFi Tuna, a stablecoin lending platform, is doing a token generation event soon.
- They recently took a snapshot for their airdrop.
- This is considered good because it means no further "milking" or "endless airdrop extortion" is possible after the snapshot.
- If you've been using DeFi Tuna, providing stablecoins, or participating on their platform, you're eligible and will find out how much you'll get soon.
Huma Finance Rewards and Arbitrage:
- You have a limited time (likely about 24 hours from the video posting) to claim Huma Finance rewards from Scroll, Galaxy, or Discord campaigns. The deadline is May 16th, 11:59 UTC.
- The presenter is also farming Huma Finance.
- For those interested, there's a potential arbitrage opportunity whenever the Huma stablecoin pools open (they tend to fill up fast, lasting less than 24 hours).
- The strategy involves buying extra PST USDC (a Huma stablecoin) and then selling it on Jupiter a few days later for a premium.
- The presenter showed that buying $1,000 of PST USDC could yield about $23 profit (2.3% premium) a few days later, and $10,000 could yield $225.
- This is considered a low-risk strategy, especially if you're already farming the protocol, offering a quick return on capital.
OnChain Heroes / Abstract Ecosystem:
- Holders of an OnChain Heroes Genesis ring NFT are allocated 16,729 Pengu tokens per ring. This was estimated to be worth around $200 at the current price.
- You need to have the Genesis ring by a snapshot time (around 9 am Eastern today from the video's perspective, likely within 12-14 hours of posting) to be eligible for the Pengu drop.
- If you're farming the Abstract ecosystem airdrop and collecting badges, a new flash badge called "Office Worker by Promotion Royale" is available.
- To get the badge, you need to play some games in Promotion Royale, reach 20 XP, accept a call from the boss, and accept the promotion. It's recommended to focus on getting this badge as it will likely be important for the airdrop.
Hyperliquid Ecosystem Airdrops:
- There have been many airdrops within the Hyperliquid ecosystem recently.
- Holding Hypio Wealthy Babies NFTs is highlighted as one of the best ways to get exposure to this ecosystem and receive these airdrops.
- Projects frequently send tokens directly to the wallets of Hypio holders.
- The presenter recently sold about $130-$150 worth of a token called "Buddy" into Hype.
- Platforms like LiquidSwap (liquid.ag) allow you to see all the tokens sent to your wallet (even unsolicited ones like EVM or size) and trade them.
- While some people prefer to hold these random airdrops, the presenter prefers to sell them for Hyperliquid tokens.
Transcript
Transcript
What's good YouTube? Welcome back to the Brown Gen. In this video, I've got some airdrop updates for you. So let's get into it. Before we do, the disclaimer, nothing I say is financial advice. I'm just a guy on YouTube and help me out by hitting the like button, sharing the video, and subscribing to the channel. Also, if you want access to my paid services, they're all linked down below, especially if you want to get in those virtual Genesis launches. Our community is basically crushing them. So let's get into the first airdrop update, which is on MapleStory Universe's token, NXPC, which went live today. You can claim this token till August 15th by visiting their website. Just a couple of things I will mention here. You'll have to be using MetaMask. You'll have to import whatever wallet you have onto MetaMask. And then depending on where you are in the world, you may see a geoblock. From what I've heard, if you have a VPN in countries like Switzerland or Indonesia, not saying that I'd tell you to do it, but that's what I've heard people have been doing to be able to claim that has worked out. The price of the token actually started off very high, you know, between mid $3 to $4. And now it's come down quite a bit, which reinforces that thesis that I always tell you guys, you're better off just selling airdrops unless you have very high conviction in very specific tokens due to a very unique product market fit. Now, the next update is on the Solana Name Services or SNS. They had their token generation event as well a couple of days ago. So you can get their airdrop as well as participate in their dots campaign. All you got to do is go to the airdrop.SNS.ID website and you'll see multiple airdrops. So there's three of them. There's airdrop one for early supporters. So if you've had a Sol address, you've probably checked it before. You can connect your wallet and check or put your address in and check and then you can claim after. There's also some other campaigns, which I'm not going to get into. I don't really think it's worth the time, but if you want to go in, it's sort of like Zeely and sort of layer three and all that other nonsense. It's just a bunch of activities you do to sort of get more dot points or whatever. But to get your claim, you, you know, I put in the brown gen dot Sol and connect my wallet. You see here, I have 14,671 SNS. And basically with this, I claimed it and I sold it on Jupiter. You can see the price of the token has gotten completely wrecked. So if you haven't claimed already, you might as well go in and get that money. For me, it was like 60 bucks. Camino Finance has finally given us an update. They have concluded season three and they've taken a snapshot and they have an update on what season four looks like. So first things first, you want to find out how you did? Well, head on over to the checker, which obviously everything is linked down below. You can see here on one of my walls, I got like 7,000 Camino almost. It's not bad. And basically what you can see here is some details on the airdrop. It's a linear airdrop, which is consistent with all the ones in the past. And obviously they have some number crunching here based on if you staked Camino token or not. As you know, I wasn't staking it anymore. And season four will basically begin shortly after season three distribution. So we have a bit of a gap between when they took this snapshot and once the distribution happens, once that happens, that's when we'll get season four. And it will be based on usage of the Camino Lend version two, Camino swap and Camino real world assets. So very interesting to see what this looks like. Taking a look at the comments, a lot of people were very, very unhappy. One person put $50,000 in the vault for six months and they got 44 bucks. Somebody put 1.5K through season three and received $9. Well, let's just be honest here, guys. I tell you guys, when you farm airdrops or whatever, you're way better off using the protocol to earn you some money. If you want to know how to use platforms like Aave and Camino to make money, watch this video. I will link it down below. It has basically led to the majority of my gains in the last 18 months. Another airdrop for you guys, well, airdrop update technically, as you know, we have been playing the Genesis launches on virtuals. As of a couple of days, you're able to stake your virtual tokens by going to the virtual page on the virtual platform. You can stake from, you know, up to a week all the way to two years, and you will be getting distributed airdrops based on the total VE virtual that you hold. Okay. Won't go into too many details, but obviously sort of the longer duration and the bigger amount you do, the more VE virtual you get. You can see here, I have 8,000 virtual that's locked for a week and I have 150 virtual that's locked for two years. And the 150 locked virtual for two years is giving me triple the amount of VE virtual that the one week is, which obviously makes sense, as well as there being a decay on it. But definitely check it out. These things will show up in your wallet as they look like spam or scam like around the bank, but just go into virtuals and you can basically see if you've got it. And one thing I will tell you and remind you, do not sell these airdrops. If you sell them, it pauses your airdrop allocation. So my recommendation, if you do want to sell is accumulate enough of them and then sell it versus selling early and then not getting any more. And a lot of those tokens, you know, after a certain point, they sort of stagnate on their value. So might as well. And you can see here basically in the first 24 hours and when I was only staking with the one week component, I had 68 VE virtual, I got $36 basically. So very cool. Definitely check it out. Update with DeFi Tuna. DeFi Tuna is a stable coin. You can lend stable coins and everything on there. They're doing a token generation event and basically they did a snapshot, which is incredible because there's no milking, no nothing like that. They say no endless airdrop extortion. Very soon, we're going to find out how much we're eligible for. So if you've been farming DeFi Tuna and you've been providing stable coins or whatever on their platform, congratulations. Next update for you guys is on Huma Finance. I do apologize because I, you know, I don't need AdSense revenue. So I don't do videos like every day or whatever, like some other creators. But basically you have probably 24 hours from when this video gets posted to go ahead and claim any scroll, galaxy or discord campaign rewards you have for Huma Finance. Just, you know, go to the link here and you can see, you can basically go and do one of all three or all three or whatever you want to do. Deadline May 16th, 1159 UTC. Also, speaking of Huma Finance, as you guys know, I am sort of farming it as well. So I'm going to include a link to, you know, my referral link if you want to join. Here's what I will say for those people who say, hey, I already got enough exposure. Every time the stable coin pools will open, they only last for like maybe 24 hours, probably less. And even if you've got your fill, there is some arbitrage to be made. So what I do is maybe this is bad. I don't know, but I will go in and buy extra PST USDC. And I'll do it because I can eventually go on Jupiter a couple days later. And you can see here, you are getting like a 2.3% premium now. Yeah, $1,000 turned to $1,023. But where are you getting a 2.3% return on your money right away? So if you've got like, you know, in significant amount of money, you want to do this, like, let's see what 10,000 looks like. Yeah, scales very well. Still to around 2.3%. You'd make $225 in like a few days. For me, it's as close to risk free as you can get, especially farming the protocol. So definitely worth checking out. If you have been participating on with OnChain Heroes, which is on the abstract ecosystem, basically, each Genesis ring holder is allocated 16,729 Pengu tokens. I think that comes out probably to like $200 at this price point. You have until 9am Eastern today, which will likely be like, I don't know, 12 hours, 14 hours from when this video is posted to basically make sure you've got that ring if you don't have it already, because a snapshot time will be taken around here. So you have some time. And obviously, if you've already got the ring, it doesn't matter, you'll get the Pengu drop. Also, for those of you who are farming the abstract ecosystems airdrop, and you're looking for badges, there's a new flash badge that's available, Office Worker by Promotion Royale. And basically, you've got to play a few games. And, you know, you do that. And once you reach 20 XP, you accept the call from the boss and accept the promotion. So definitely focus on getting that, because obviously, the badges probably going to play some significant role, unlike the scroll badges, which all we did was pay for them. And finally, the last thing I want to say is I know some of you followed me for my Hyperliquid ecosystem posts. Well, there have been a ton of airdrops going on in that ecosystem. For the people who hold Hypo wealthy babies, you know, I think that's one of the best ways to get exposure to the ecosystem. And every so often, you will see tons of projects that will just airdrop tokens into your wallet. Right before this video, I basically sold like 130 or $150 worth of Buddy into Hype. And all you got to do is go to a platform like this called LiquidSwap or liquid.ag. And you can literally see in your wallet, all these things that just get sent to you, that like 2850 of EVM, I never bought this, size 679. Just go in here, claim and trade them and sell them. I know some of you like to hold tokens. I like to just hold Hyperliquid. So up to you guys. Anyways, hope you enjoyed this video. Hit the like button if you did. Thanks again for watching. Until next time, I'll see you in the next video. Thanks for watching.