Through its all-in-one service, AirPuff captures numerous airdrop opportunities in the market and effectively addresses the challenges of user fund diversification.
Introduction: AirPuff, the leader of the airdrop new wave
The challenges and opportunities of airdrop 2.0 era
Core advantages of AirPuff
Leverage strategy
Cost-effectiveness
Application of AI technology
Stablecoin lending
Competition analysis: Comparison between AirPuff and other platforms
Comparison with Pendle YT
Comparison with Pendle PT
Comparison with Gearbox
Details of AirPuff token issuance
$APUFF – A comprehensive airdrop governance token
Market valuation analysis
Conclusion and outlook
This article is a sponsored article written and provided by AirPuff. It does not represent the position of the platform and is not investment advice or recommendations for buying or selling. Please see the disclaimer at the end of the article for details.
Participating in airdrop activities has become a preferred path for users to accumulate wealth due to its low entry barrier and high potential returns. However, with more capital participation, the rewards that ordinary users can obtain from airdrops are gradually decreasing. With the launch of various popular projects, users’ investment funds are also becoming more diversified, resulting in insignificant rewards from individual airdrops.
The emergence of AirPuff solves this problem perfectly. It is committed to providing users with comprehensive airdrop strategies, aiming to maximize airdrop profits while reducing investment costs. Through its all-in-one service, AirPuff successfully captures numerous airdrop opportunities in the market and effectively addresses the challenges of user fund diversification.
In 2023, the total amount of airdrops in the DeFi field reached a staggering $4.6 billion. Looking ahead to 2024, the market’s expectations for airdrops are showing exponential growth. It is expected to include multiple heavyweight projects such as EigenLayer, diverse liquid restaking projects, Ethena, and native tokens of many top L1 and L2 blockchains, indicating that 2024 will be a landmark year in the history of airdrops.
However, as time goes by, the requirements and standards of airdrop projects continue to evolve. From the initial simple distribution based on user activity, it has gradually evolved into the introduction of complex scoring and referral systems, making the whole process more gamified and complicated. At the same time, the growth of the total locked funds has become particularly crucial. This increases the difficulty for general users with limited funds to obtain a larger share from airdrops.
AirPuff allows users to leverage up to 15 times, which not only increases their scores and shares but also significantly enhances the possibility of receiving more airdrops. Compared with other leverage platforms, AirPuff provides users with greater flexibility and elasticity, helping them maximize their profits.
Economic efficiency:
According to data from Whales Market, the cost of obtaining one EigenLayer point is approximately $0.2. However, users adopting the AirPuff strategy have an average cost of only $0.11 per point when opening positions, saving about 45% compared to buying points off-market. This provides users with a more cost-effective option.
Application of AI technology:
AirPuff’s next plan is to integrate AI technology into airdrop strategies. By utilizing artificial intelligence technology to analyze market trends and airdrop information, AirPuff can help users accurately grasp the most timely and suitable airdrop opportunities, effectively maximizing airdrop profits within limited funds. In addition, integrating AI into strategy design can provide optimal airdrop strategy recommendations based on users’ risk preferences and asset allocation, while shortening the time for product development and listing. This allows AirPuff to capture market hotspots more quickly and provide timely support.
Stablecoin lending:
AirPuff not only supports borrowing ETH but also allows users to borrow stablecoins, which is equivalent to opening a long position for ETH. When the price of ETH rises, users can make additional profits because the debt amount remains the same. This strategy is particularly suitable for users who want to participate in airdrop activities and have confidence in the price of ETH, allowing them to achieve dual benefits through leveraged operations on the price of ETH while participating in airdrops.
Comparison with Pendle YT:
Users adopting the AirPuff strategy face less price risk than holding Pendle’s YT (Yield Token). The benchmark asset of AirPuff’s strategy can be ETH or stablecoins, while the price of Pendle’s YT fluctuates more because the price of YT changes with market expectations of future yields and usually drops as the expiration date approaches. Therefore, compared to the risk of YT price decline, the strategy based on ETH or stablecoins as the benchmark in AirPuff carries less risk for users.
Comparison with Pendle PT:
AirPuff’s lending strategy can better capture the potential profit opportunities of assets compared to Pendle’s PT (Principal Token). The latter locks in the interest rate at the time of purchase, giving up the possibility of an increase in interest rates. On the other hand, AirPuff’s lending interest rate can vary depending on the utilization rate of the lending pool. Due to long-term high demand, even for blue-chip assets like ETH, the average interest rate can reach 60%, providing users with greater profit potential.
Comparison with Gearbox:
AirPuff provides users with greater flexibility through its maximum leverage of 15 times and stablecoin borrowing options. Compared with Gearbox’s product, which only supports up to 10 times ETH borrowing capability, AirPuff’s uniqueness lies in not only providing a higher leverage ratio but also allowing the use of stablecoins as another form of ETH long position, further enhancing users’ potential for higher returns.
AirPuff will conduct its token public sale through Fjord Foundry’s Liquidity Bootstrapping Pool (LBP) from April 8th to 11th, planning to sell 15% of the total token supply.
Observing the performance of projects that conducted public sales on Fjord Foundry in the past month, the median amount of funds raised reached $4.85 million, and the highest amount even reached $10.78 million, with a valuation of up to $167 million. It is worth noting that most of these projects are still in the development stage and have not launched mature products. In contrast, AirPuff has not only locked in more than $8 million in funds but also successfully launched more than 11 cross-chain airdrop strategies, demonstrating its strong potential and market popularity. Due to its strong background on the fundraising platform and project performance, AirPuff’s token public sale is built on a solid foundation, indicating its success.
$APUFF, as the governance token of AirPuff platform, aims to become the core of the airdrop field, providing a fundamental platform for all airdrop activities. Users holding $APUFF can enjoy three major rights: airdrop dividends, additional $APUFF distribution, and voting rights.
Airdrop dividends:
By locking $APUFF, users will receive a 5% airdrop dividend from all leverage strategy participants, providing additional passive income opportunities for holders. This means that users do not need to diversify their capital into different projects. By simply holding and locking $APUFF, they can automatically receive governance tokens from all projects on the platform during airdrop distribution, effectively solving the problem of fund diversification and optimizing the process of maximizing profits.
Additional distribution mechanism:
By locking an amount of $APUFF equivalent to 5% of their position value, users can receive continuous additional $APUFF distribution. For example, if a user’s position is $1000, they need to lock $50 worth of $APUFF to enjoy additional distribution. This mechanism ensures that most $APUFF remains locked, reducing market selling pressure and helping maintain price stability.
Voting rights:
Users holding $APUFF will also have voting rights, which can influence the allocation ratio of $APUFF in various strategies and lending pools, thereby increasing their profit potential and creating a virtuous cycle. In addition, this mechanism encourages other protocols to offer their own tokens as rewards to induce users to vote in support of their strategies. For example, Vector Reserve is ready to provide tokens worth $10k as rewards to voters to increase user involvement in their strategy. The voting mechanism promotes the decentralization of the protocol, empowering users to make decisions and truly benefiting users on the platform.
When comparing AirPuff with similar platforms in the market such as Gearbox and Pendle, we find that the fully diluted market values of these two are $174 million and $1.07 billion, respectively, while the actual market values are $87 million and $417 million. Based on this comparison, we expect AirPuff’s valuation to be between these two figures. Especially, the lower liquidity supply (including 15% public sale and 1% private placement) of AirPuff at the market launch will provide greater growth potential for its token price.
From a product development perspective, AirPuff demonstrates its advantages compared to Gearbox with its broader service scope, support for cross-chain operations, and more favorable interest rates for borrowing and leverage users. Therefore, we expect AirPuff’s valuation to surpass Gearbox, reflecting its higher potential value and growth prospects in the market.
In conclusion, as the pioneer in the airdrop field, AirPuff demonstrates tremendous growth potential with its core concept of maximizing user airdrop benefits. With its outstanding leverage flexibility, optimized lending experience, and integration of artificial intelligence technology, AirPuff has successfully established its position in the airdrop market and is expected to further expand its business scope.
With the launch of $APUFF, the governance token, which will be available to the public on April 11th, AirPuff challenges the traditional airdrop model through its airdrop dividend mechanism, solving the common problem of user fund diversification, and becoming a core node for collecting all airdrop benefits. This not only brings additional value to AirPuff users but also elevates airdrop benefits to new heights.