Research Summary
The report discusses the potential of Celestia becoming a new platform for staking and airdrop farming, similar to OlympusDAO’s (3,3) model. It also explores the investment potential of Solana Saga, a device that offers its holders airdrops and early access to new apps and protocols.
Key Takeaways
Celestia’s Potential as a New Staking Platform
- Celestia’s Role in Data Availability: Celestia is emerging as a significant infrastructure provider on the Data Availability (DA) layer. Many projects are building on top of Celestia, and it is expected that many will airdrop a portion of their supply to $TIA stakers to align incentives and bootstrap a community.
- $TIA as an Airdrop Farming Coin: With the increasing number of chains and rollups leveraging Celestia for DA, $TIA stakers are likely to benefit from multiple airdrops. This could lead to $TIA becoming the defacto “airdrop farming coin” for passive income.
- Price Insensitivity of $TIA Buyers: As $TIA stakers receive more airdrops, the market may buy into the “airdrop farming coin” narrative, leading to price insensitivity among buyers. This could result in a high $TIA price and extreme dilution of the airdrop farming opportunity.
Solana Saga’s Investment Potential
- Solana Saga’s Reflexive Loop: Solana Saga could follow a similar reflexive loop as Celestia. The more success stories companies see via airdropping saga holders, the more likely other builders are to follow suit. This could lead to a significant increase in the value of Solana Saga.
- Increased Demand for Solana Saga: Following the success of the first edition of Solana Saga, Solana Mobile has announced and begun taking pre-orders for a second version of the device. This indicates a growing demand for the device and its potential as an investment.
Actionable Insights
- Monitor Celestia’s Development: Given the potential of Celestia as a new platform for staking and airdrop farming, it would be beneficial to keep a close eye on its development and the projects building on it.
- Assess the Potential of $TIA: With the possibility of $TIA becoming the defacto “airdrop farming coin”, it may be worth assessing its potential for passive income.
- Consider the Investment Potential of Solana Saga: Given the increasing demand for Solana Saga and its potential for airdrops and early access to new apps and protocols, it may be worth considering its investment potential.
