George Miller
Imagine being able to receive a share of a $5 million airdrop with just a small investment. It sounds incredible, but it’s indeed possible.
Lisk has recently revealed an airdrop of over 15 million $LSK, which amounts to about $15 million USD at the time this article was written.
As per marketcapof.com, Lisk Network is now valued at $164 million USD. It’s noteworthy for being the first Layer 1 network to transition to Ethereum’s Layer 2 solution. Lisk is part of the OP Superchain along with platforms like Base, Zora, and Mode.
Understanding the Lisk Airdrop
The Lisk airdrop presents a chance to engage in the launch of the Lisk L2 network by exploring its ecosystem and being an early user. Essentially, you’ll earn rewards for testing the platform and interacting with select decentralized applications (dApps) that Lisk has chosen for its launch. Your reward, in the form of $LSK tokens, will depend on your activity compared to other participants once the airdrop concludes.
While the exact number of tokens to be distributed at launch remains unclear, it’s expected that the reward pool will be appealing enough to draw users into the Lisk ecosystem. Additionally, some indications suggest that the rewards during the initial airdrop phase will be attractive.
Currently, over 20,000 individuals are participating, but given the sizable reward pool, there is ample opportunity for everyone to get involved.
Overview of Lisk Network
Founded in 2016, Lisk Network is one of the earliest projects in the cryptocurrency realm. For a while, it was recognized among the leading Layer 1 networks. However, as the landscape evolved, Lisk Network faced challenges in retaining its user base.
In 2024, Lisk decided to pivot and concentrate on creating a prominent Layer 2 network as part of the Superchain. By utilizing the OP Stack, Lisk aims to offer developers an effortless environment for building decentralized applications (dApps) with widely-used tools and languages, particularly JavaScript.
The new iteration of Lisk Network boasts transaction fees that are below 1 cent, making it one of the most affordable options within the Superchain.
Key Information About the $LSK Airdrop
Lisk has confirmed an airdrop of 15 million $LSK tokens for participants. Importantly, these tokens will be distributed across several airdrop events, not just the initial one.
Even a 3-5 million $LSK airdrop could spark significant interest among airdrop seekers. As current interest levels are not particularly high, a sizable airdrop from $LSK could help draw more users and encourage various initiatives to foster a vibrant ecosystem.
To maximize your benefit from the airdrop, an investment of approximately $300 to $400 is advisable. The potential rewards can be two to three times your initial investment. However, lower amounts, such as $50, can also be attempted, as this represents a near-zero-cost airdrop with possibly worthwhile returns.
Lisk Airdrop Guide: Step-by-Step to Earn $LSK
Step 1: Set Up a Non-Custodial Wallet
Your first step is to create a non-custodial wallet (such as Metamask or Rabby) that contains between $50 and $400 in ETH, on networks like Optimism, Base, or Arbitrum, which have low transaction fees.
Step 2: Link Your Wallet to the Airdrop Page
Next, visit the official Lisk airdrop webpage and connect your wallet. If this is your first visit to the Lisk Network, your wallet will add the Lisk RPC automatically. To find the ideal Lisk RPC for your wallet, use Chainlist.org.
You’ll need a code to boost your rewards, and you can use DGRq1B for that.
Once your wallet is connected, tasks for the official Lisk airdrop will be visible. These tasks may be updated on a weekly or bi-weekly basis, so check back often for new requirements.
Step 3: It’s time to transfer funds to the Lisk Network, which you can accomplish via Across.to or Orbiter.finance. We’ll use Across for this example:
Start by selecting the network where your ETH is currently stored, with Optimism being a recommended choice due to its low fees.
Then, select Lisk Network as your destination, as illustrated below:
Additionally, you’ll also earn some OP rewards by using Across. Just enter the amount of ETH you’d like to transfer to Lisk and click ‘Confirm transaction.’
Within a minute, your funds will be accessible on Lisk. Don’t forget to input the code DGRq1B on the Lisk airdrop page.
Step 4: Complete the Lisk Airdrop Tasks
Return to the airdrop page to see the tasks that need completion.
Most tasks involve being actively engaged with the Lisk network. For instance, the Transactions quest requires you to perform daily, weekly, and continuous transactions for 30 days.
A solid strategy is to conduct swaps on oku.trade or Velodrome.finance, starting with ETH, swapping to WETH, then transitioning to LSK, USDC, and USDT. Swapping around $5 to $10 of each token will help you meet the tasks’ requirements.
This approach will assist you in completing the subsequent quests:
- Balance quests that require you to hold ETH, USDT, USDC, and LSK;
- Completing a swap on Oku trade;
- Meet the daily transaction requirements.
This strategy not only assists in fulfilling the quests but also keeps a collection of USDT, USDC, WETH, and LSK ready for future tasks.
- Provide Liquidity on Ionic;
- Participate in the Liquidity Provider challenge on Oku.trade.
Step 5: Join the Liquidity Provider Challenge on Oku.trade and Supply & Borrow on Ionic
These steps are straightforward, but if you’re new to this, we’ll guide you. Start by going to the ‘Position Maker’ on Oku.trade, where you can choose LSK/WETH or any other pair you prefer. Alternatively, click here. Next, set your range to 1%, as shown in the image below.
Now, decide on the amount of LSK and WETH you’re willing to contribute to the liquidity pool. Enter your chosen amount and click ‘Deploy position’ as shown in the screenshot.
Note: You’ll need to authorize both WETH and LSK transactions, so be prepared to confirm three transactions.
Once that’s done, you’ve completed the liquidity provider challenge. Next, let’s move on to the Ionic quest.
Go to the Ionic Money platform. This link usually directs you to the Lisk network. If not, manually select it from the markets page. For this illustration, we will work with USDC.
Choose the amount of USDC you wish to supply using the slider, then click ‘Supply USDC’. You will again need to approve and confirm two transactions.
Remember to click the ‘Enable Collateral’ button to unlock borrowing options.
Next, head to WETH, select ‘Borrow’, and pick a small quantity of WETH to borrow. Don’t forget to repay it once you no longer need it.
You’ve now completed the more challenging parts of the quests. Keep in mind that these tasks can be repeated weekly to optimize your points.
Step 6: Daily Activities for $LSK Airdrop
Some quests reward participants who engage daily. Given that transaction fees are under $0.01, the cost of participation is quite low. Don’t forget to check the portal every day to claim free points:
To maximize your rewards, aim to perform at least 2-3 transactions daily, and you can dedicate a specific day to carry out up to 500 transactions. While it may require a time investment, it could lead to larger rewards.
Explore the ecosystem and engage with various partners to find suitable tasks.
Step 7: Additional Lisk Airdrop Tasks
Several other tasks remain to be tackled:
These tasks can be more challenging and we haven’t provided guides for them. Additionally, holding or purchasing the “Lisk of Life NFT” offers a bonus, although the NFT is priced around $100, which could influence the airdrop.
Some tasks require linking social media accounts (Twitter and Discord) and achieving a Gitcoin passport score of 20 or higher. While these aren’t necessary, they could potentially enhance your airdrop benefits.
Understanding Airdrop Rewards – Estimating Potential Earnings from the Lisk Airdrop
With the leaderboard active and some users already accruing points, we can calculate potential points attainable in the remaining days. For simplicity, let’s consider 70 days are left (or about 10 weeks).
From transactions alone, a user has the potential to earn:
- 300 points for daily transactions each month;
- 200 points for weekly transactions each month;
- 200 points for maintaining activity for 30 consecutive days;
- Up to 500 points weekly, leading to 2000 monthly;
- 10 points for daily portal visits, totaling 300 per month.
Altogether, accumulating 3000 points monthly just from transactions and daily visits is straightforward.
Moreover, completing external tasks can significantly boost your points:
- Providing liquidity on Oku can yield up to 71 points daily, resulting in 2130 points monthly;
- Swapping on Oku Trade allows for 15 swaps each week, which gives 15 points per swap, totaling 900 monthly;
- Supplying on Ionic can also earn up to 71 points daily, yielding 2130 points monthly;
- Borrowing on Ionic allows for 15 transactions weekly, earning 15 points per borrow or 900 monthly.
Overall, one can potentially acquire up to 6000 points each month through these more difficult tasks.
Additional tasks may help earn around 1000-2000 points in the coming weeks. In total, over the next 10 weeks, this could sum up to approximately 24500 points for the LSK airdrop.
This would place you among the top 20 participants currently, though this number may increase as time progresses.
It’s important to note that you can gain 10% of points from anyone you invite to participate in the Lisk airdrop who uses your code. Therefore, inviting as many friends as possible will optimize your points.
Common Questions (FAQ)
What is the purpose of the Lisk token (LSK)?
The LSK token functions as the governance token of the Lisk L2 network. It allows holders to vote on proposals by the Lisk DAO. Additionally, LSK tokens can be locked for 1 or 2 years to receive higher APYs of 17% and 27%, respectively.
Can new crypto users engage in the Lisk airdrop?
To participate in the Lisk airdrop requires…
Obtaining $LSK from the upcoming airdrop is straightforward, especially since all you need is a non-custodial wallet with some funds. This makes it a great option for newcomers.
When can I expect to receive rewards?
The Lisk airdrop’s first season still has 66 days remaining, so you can anticipate receiving your $LSK rewards in approximately 70 to 75 days.
What if I miss daily tasks for the Lisk airdrop?
If you fail to complete the daily tasks, you will still qualify for the $LSK airdrop. Although these tasks provide additional points, not completing them won’t forfeit your eligibility.
Final Thoughts
This is an excellent time to take part in the Lisk airdrop. While the exact rewards are still unknown, participating could significantly enhance the visibility of the Lisk ecosystem and potentially draw in major partners.
Be sure to follow the earlier outlined tasks to make the most of your airdrop experience and improve your standing on the leaderboard.
* The content in this article, along with the linked resources, is intended for informational purposes only and should not be seen as financial or investment advice. We encourage you to conduct your own research or seek guidance from a financial expert before making any investment choices. We are not liable for any losses incurred based on the information provided on this site.