BTC Ecosystem Potential Airdrop: Master Protocol Pre-mining Activity Participation Tutorial

After the launch of ETH withdrawals from staked ETH in April 2023, a large number of innovative protocols have emerged, seeking to integrate LST tokens into DeFi again or multiple times, thereby providing users with new strategies to earn additional income in addition to staking income.

The re-staking track has risen rapidly and has been favored by institutions, large investors and retail investors! Since Ethereum switched to the PoS mechanism, more than 32.5 million ETH have been staked in the Ethereum mainnet, accounting for more than 26% of the ETH supply, with a value of more than $100 billion.

Entering 2024, the re-staking track is still favored by capital, and multiple re-staking projects have received tens of millions of investments. Binance launched the re-staking projects EtherFi and Renzo in March and April respectively. With frequent institutional investments, projects listed on major exchanges in turn, airdrops one after another, and various benefits accumulating, the re-staking track has become a new gold mine for Web3.

For unissued projects in the re-staking track, the airdrops are weighted by the amount of pledged funds plus the pledge time. For ordinary users, the amount of funds cannot be compared with that of institutions and large users, and there is no advantage in the airdrops. At present, the re-staking projects around the ETH ecosystem are approaching saturation and have passed the bonus period.

BTC re-staking is ready

Since 2023, innovations around BTC have emerged one after another. BTC Layer 2, inscriptions, NFT, DeFi, SocialFi, runes and other sub-tracks continue to subvert the perception of the crypto market.

Before these ecosystems emerged, most people’s stereotype of BTC was that it only had the function of storing value. However, innovative Web3 developers have changed people’s perceptions with facts.

Having missed out on the dividends of the ETH re-staking track, institutions began to turn their attention and funds to the BTC ecosystem, and developers also began to build around the BTC ecosystem. The re-staking track of the BTC ecosystem has become the most promising area after ETH that has not yet been widely concerned by the market.

Such deterministic and proven tracks are most likely to produce Alpha. As an ordinary user, early discovery and participation can often bring returns that exceed expectations.

BTC Ecosystem Restaking Potential Project — Master Protocol

Master Protocol is a one-stop financial platform tailored for all LSD assets, and will gradually support all LST in different ecosystems. It simplifies interactions and transactions within the Bitcoin network, aggregates users and assets, and promotes liquidity and interaction within the ecosystem. Master also acts as a central hub, connecting local Bitcoin promoters with various applications, providing support for the perkembangan of new applications, and improving the utility of Bitcoin infrastructure. By introducing the re-staking layer, Master Protocol enhances its infrastructure, meets the needs of rapid expansion of the ecosystem, promotes the connection between various DeFi protocols and second-layer solutions, and thoroughly solves the fragmentation problem caused by the development and prosperity of BTC Layer 2, and improves the composability, operability and overall practicality of BTC in the ecosystem.

Currently, Master Protocol has completed angel and seed rounds of financing, with a valuation of $25 million. Participants include Cogitent Venture, Token Metrics, CSP DAO, FounderHeads, etc. Official X has recently interacted frequently with Botanix, which is a co-investor of polychain, and there may be cooperation.

Master Protocol’s Core Advantages

Master Protocol aims to launch novel staking and liquidity solutions and position itself as a leader in the Bitcoin LSD space. By strengthening interaction with the broader blockchain and DeFi communities, it encourages adoption, drives innovation, and fosters a vibrant Master ecosystem.

The core advantages of Master Protocol include:

Cross-chain interoperability

By developing and integrating cross-chain functions, Master Protocol aims to bridge the existing gap and foster a cohesive and liquid DeFi ecosystem, solve the increasingly serious fragmentation problem, and enhance the composability and operability of the ecosystem.

Operational flexibility

Restaking provides stakers with more options to actively participate in the network without locking up assets, enabling strategic financial planning and asset management.

reduce risk

Masters security model significantly reduces system risk by distributing network validation across a broader stakeholder base, reducing the likelihood of central points of failure.

Increase participation incentives

By enhancing liquidity and lowering barriers to entry, Master incentivizes broader network participation, forming a more robust and secure ecosystem.

Forward compatibility and innovation

Master is designed to achieve forward compatibility, facilitate integration with future technological advances and emerging market needs, and ensure the relevance and long-term operation of the Master ecosystem.

Master Procotols Early Opportunities – Pre-Mining Event (Open tetesan udara)

Master has just released its Genesis series NFT: Genesis Master Pass on the Base chain, and simultaneously launched a pre-mining event. Holders can earn points by staking Genesis Master Pass on the official website, and the points can be exchanged for tokens after the token is launched.

At present, the cost of participating in the pre-mining activity is not high. According to OpenSea, the price of the highest level Genesis Master Pass is only 0.046 E, equivalent to more than 130 dollars, and the lowest level NFT is only about 10 dollars. When the heat comes to the BTC ecosystem, the shovel attribute and airdrop rights of this NFT will bring high expectations for its price.

Genesis Master Pass Details:

Total : 6500

Public chain : Base

Rarity and Benefits:

SSR — 500 daily output 150 points one-click mining

SR — 1500 daily output 40 points Complete daily mining tasks

R — 4500 daily output 10 points complete daily mining tasks

In addition to staking to earn points, Genesis Master Pass also introduces a synthesis gameplay, forming a deflationary cycle. Three R cards can be synthesized into one SR card, and three SR cards can be synthesized into one SSR card. Therefore, the number of Pass cards will become less and less and more scarce.

After the holder stakes NFT, he or she can get his or her own exclusive invitation code. By inviting other holders to stake, both parties can get additional points bonus rewards. The more users you invite, the more points you will be rewarded, and the more airdrops you will receive in the future. By inviting friends, you can get up to 50% of the points bonus rewards.

For specific invitation reward rules, please refer to the official detailed description: https://medium.com/@MasterProtocol_/unveiling-genesis-master-pass-mint-time-and-exclusive-early-bird-campaign-07bac2f64504

Participation tutorial: staking, synthesis, invitation

Genesis Master Pass purchase link:

https://opensea.io/collection/genesis-master-pass

Staking Tutorial

After purchase, enter the official website:

https://campaign.masterprotocol.xyz/gmp/stake/

Click Connect Wallet to link your wallet, and remember to select the Base chain in your wallet. Then click Stake.

Click Confirm to confirm the authorization

After authorization is completed, click Stake again

Click Confirm again to confirm the pledge and wait patiently.

The appearance of Staking on NFT indicates that the pledge is successful.

SSR NFTs will automatically earn points after staking, while SR and R NFTs will require completing daily tasks to earn points.

Click View Quest on Galxe on the far right of the page to enter the galaxy and complete daily tasks.

The task is very simple. Just hold NFT + enter DC + follow, like and forward. It can be completed in two or three minutes.

Compositing Tutorial

Prepare at least three R or SR grade NFTs, click Upgrade at the top of the page, and click Upgrade to SSR/SR below the NFT you want to upgrade.

Click Confirm again and wait for the upgrade to complete.

Invitation Tutorial

Click Referral at the top of the page, click the Copy button under My Referral Code, and share the referral code with more friends.

After the invitee enters the official website, he/she fills in the inviter’s invitation code on the right side of the page to bind the invitation relationship and pledge the NFT.

After completion, both the inviter and the invitee can receive additional points as rewards.

Kesimpulan

On May 8, Master Protocol announced that MrBlock, who served as an advisor to Puffer Finance, will participate in the construction of Master Protocol as a project advisor. This move inevitably arouses peoples imagination. As one of the most promising projects in the ETH re-staking track, does Puffer Finance indicate that Master has the potential to stand out in the BTC re-staking track?

Tautan asli

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