Research Summary
The report provides a comprehensive guide on how to farm airdrops in the Cosmos ecosystem by staking tokens. It details the process of buying, bridging, and staking tokens like $ATOM, $INJ, $TIA, $OSMO, and $KUJI to become eligible for future token drops.
Key Takeaways
Understanding the Cosmos Ecosystem
- Emerging Space: The Cosmos ecosystem is an emerging space where new projects frequently airdrop tokens to network validators (stakers). This ecosystem offers potential for multiple future token drops.
- Token Staking: The report highlights the process of buying and staking tokens like $ATOM, $INJ, $TIA, $OSMO, and $KUJI to become eligible for these airdrops.
Staking Process
- Keplr Wallet: The first step in the staking process involves setting up a Keplr wallet. Tokens can then be sent to this wallet from a centralized exchange or through a multi-chain swap protocol.
- Staking Tokens: Once the tokens are in the Keplr wallet, they can be staked. The report provides detailed instructions on how to stake each of the mentioned tokens.
Token Bridging
- Bridging Tokens: The report explains the process of bridging tokens from one network to another using the IBC Send feature in the Keplr wallet. This is an important step as it allows users to swap tokens within the Cosmos ecosystem.
Staking Risks
- Risk Management: While staking tokens can potentially yield airdrops, the report cautions against overexposure. It recommends not allocating more than 5% of one’s portfolio to buying these tokens.
Airdrop Tracking Tools
- Tracking Airdrops: The report suggests two tools, Cosmos Airdrops and Airdrops.one, for tracking ongoing and upcoming airdrops in the Cosmos ecosystem.
Actionable Insights
- Explore the Cosmos Ecosystem: Given the potential for multiple future token drops, it may be beneficial to explore the Cosmos ecosystem and understand its dynamics.
- Consider Staking Tokens: If the risk profile aligns, consider staking tokens like $ATOM, $INJ, $TIA, $OSMO, and $KUJI to become eligible for future airdrops.
- Use Airdrop Tracking Tools: Utilize tools like Cosmos Airdrops and Airdrops.one to stay updated on ongoing and upcoming airdrops in the Cosmos ecosystem.
