Welcome warmly to Pencils Protocol! If you’re interested in innovations related to DeFi, the guide will lead you step by step through the procedure of participating in the Pencils Protocol airdrop and earning rewards.
What is Pencils Protocol?
Pencils Protocol is an all-inclusive auction platform and yield aggregator built for users on the Scroll mainnet Layer 2 network. It offers a unique experience for participants to engage in new token launches, yield farming, staking, etc. With confirmed PDD tokens representing 6% of the total supply, the protocol currently runs Season 3 of its points campaign, where users can earn “pencils” through various activities.
Key Features
- Auction Platform: Participate in auctions for new token launches.
- Yield Aggregation: Stake assets to earn competitive yields and deposit into vaults for diverse on-chain strategies.
- Points Campaign: Earn “pencils” for staking and engaging in marketing activities.
- Badges for Staking: Receive boosts for long-term staking commitments.
Step-by-Step Guide to Participate in Pencils Protocol Airdrop
1. Visit the Pencils Protocol Homepage
Start by navigating to the Pencils Protocol homepage.
2. Connect Your Wallet
Make sure you have a compatible wallet (like Trust Wallet) ready. Connect it to the platform and switch to the Scroll network.
3. Verify Your Identity
To ensure a secure experience, verify your identity on your profile page through Google, Twitter, GitHub, or Aspecta.
4. Stake Your Assets
To earn pencils:
- Stake at least $100 worth of supported assets (including WETH, USDC, USDT, Stone, puffETH, and wrsETH).
- For every $100 staked, you earn 1 pencil per day.
- You’ll also earn scroll marks for your staking activities.
5. Earn Badges
You can earn special badges for consistent staking:
- S-badge: Stake at least 0.50 ETH for 28 consecutive days for a 1.2x pencils boost.
- P-badge: Stake at least 0.10 ETH for 28 consecutive days for a 1.1x pencils boost.
Note: You can only claim one badge once eligible.
6. Participate in marketing activities
In addition to staking, you can earn pencils by participating in marketing efforts or contributing to the ecosystem as an ambassador, influencer, partner, or volunteer.
7. Mint the SOUL NFT
To mint the SOUL NFT, connect your real social identity and complete Pencils ZK Verification after 5 August 2024. Only those doing the verification after this date will be eligible.
8. Complete Galxe Tasks
Stay engaged by completing tasks on Galxe and any other activities released by Pencils Protocol to maximize your rewards.
🔔 Stay Connected!
Stay updated with the latest news and announcements:
- Follow Pencils Protocol on Twitter and join their Discord.
- Subscribe to their newsletter for all the Pencils Protocol airdrop updates!
Final Thoughts
Participating in the Pencils Protocol airdrop is another exciting opportunity to venture deeper into the exploration of the DeFi landscape and also earns some decent rewards. Along with this guide, you will be extremely well-prepared to traverse and make the best use of your experience of this platform. Let’s find out more together!
For more details, be sure to check out their blog post and keep an eye on their social media channels for updates!
Blockchain enthusiast and crypto expert covering Web3, DeFi, and NFTs.