A simple step-by-step guide to farming Monad!
✅Fast Layer1 blockchain, compatible with Ethereum.
✅Raized: $244M (Paradigm lead)
Due to parallel processing, Monad can process more transactions per second compared to other blockchains and reduce fees. And Monad's compatibility with the EVM simplifies application development and promotes rapid community growth.
Monad has already established partnerships with projects such as LayerZero, Pyth Network, Wormhole and others, and at the moment its ecosystem consists of about 90 projects.
The project is very well-known and hyped, but even the testnet has not been launched yet, so few people are participating yet.
We are starting to work on the most important Monad ecosystem projects now, then we will definitely participate in the testnet and the reward will be worthy!
💊The most promising project on Monad is Elixir - is a modular DPoS network built to power liquidity on orderbook exchanges. In the future, there will be an ELX token, a native utility and governance token of the Elixir ecosystem.
🤌Thus, by performing activities on the Elixir project, in the future we will warm up wallets for drops not only from Monad, but also from Elixir:
- go to the website https://elixir.xyz/refer/cummings7000
- connect your wallet, Twitter and discord.
- come here https://elixir.xyz/apothecary
- mint elxETH for at least 100 usd (they will be locked until the mainnet launches in August 2024). For this we get a boost - a 50% increase in potions earned. Potions will be awarded for all deposits into the network.
- next, we go to this site https://agg.elixir.xyz
- add liquidity. There is a USDT/USDC pair, add it here to minimize risk.
Strong product on Monad, decentralized trading protocol, raised $6.5M.
You can do swaps and add liquidity to pools.
- go here and swap https://ambient.finance/swap
The cheapest way to do swaps is on the Scroll network, the cost is about $0.03 per transaction.
We'll cheat when adding liquidity.
We'll add our ETH via Kelp to the Ambient pool on the Scroll network. This way we will get:
- Kelp Grand Miles
- Eigenlayer Points
- Ambient Points
- Scroll Marks
- and participate in the activity in the Monad project
- first go here: https://kelpdao.xyz/restake/
- exchange ETH for wrsETH in the Scroll network
- then go here: https://ambient.finance/trade/pool/chain=0x82750&tokenA=0x00000000000000000000000000000000000000000&tokenB=0xa25b25548b4c98b0c7d3d27dca5d5ca743d68b7f
- add liquidity to the ETH/wrsETH pair
Swaps are available only on V1 of the site and only in the Polygon network.
And only 3 tokens are available for swap: USDC, WETH and WBTC.
- go here https://beta.swaap.finance/#/swap
- connect the wallet and make the following swaps:
🔸USDC → WETH ($0.04)
🔸WETH → WBTC ($0.03)
🔸WBTC → USDC ($0.01)
- then go here https://app.swaap.finance/#/arbitrum/pools
- add liquidity. I contributed 13.1 ARB to the ARB/USDC pool.
There are also liquidity pools in the ETH, Polygon and Mode networks
Wormhole gave away a nice airdrop to Nads role holders in the Monad discord.
There is a chance that Monad will give away an airdrop to Wormhole users as a token of gratitude.
That's why we are making token bridges between networks on two main Wormhole bridges:
▶️Portal bridge
https://portalbridge.com
Making bridges between networks.
Long, but cheap!
🔸ETH (ARB) → ETH (Base) ($0.05)
🔸ETH (Base) → ETH (OP) ($0.11)
🔸ETH (OP) → ETH (ARB) ($0.05)
▶️AllBridge
https://core.allbridge.io/?f=ARB&ft=USDT&t=BSC&tt=USDT
Here you can bridge only stablecoins. Bridge cost:
🔸USDT (ARB) → USDT (BNB) ($0.64)
🔸USDT (BNB) → USDС (Base) ($1.01)
🔸USDC (Base) → USDT (OP) ($1.00)
As I wrote above, there is a possibility that Monad will distribute the drop to Wormhole users.
Staking is one of the most important activities for any project, so we perform the following steps for staking the $W token:
- go to the website https://tally.xyz/gov/wormhole
- connect Metamask to the Base network
- delegate:
🔸click the “Stake for governance” button
🔸then “Start”
🔸“Select a delegate.” I chose C3 Protocol (they build their product on Wormhole, let them vote for me)
🔸"Continue"
🔸"Skip"
🔸In the “Network” section, select the Base network
🔸Click the “Stake for governance” button
PS Tokens will not be locked, you can pick them up at any time.
- the 1st community driven NFT initiative on Monad created by the community.
Now they have launched a decentralized platform that allows users to earn points for completing simple tasks:
https://nomadairdrop.com/?ref=fiUKpbC7b93lwco1vGuA
- complete quests (mostly social activities like twitter) (Cost=FREE)
- mint Nomad Gems. Each Gem will earn you 1000 Points. (Cost=$0.65+ tx fee in Base network per gem).
Then these gems can be staked.
You can also mint the following NFTs:
▶️ MAP ($2.46)
Benefits:
-Token farming: 407 stNOMAD per hour
-Airdrop
-Early member bonuses
▶️ KEY ($8,55)
Benefits:
-Token farming: 1776 stNOMAD per hour
-Airdrop
-Early member bonuses
-Genesis NFT mint whitelist in mainnet
▶️APPLE OF EDEN ($17,1)
Benefits:
-Token farming: 4144 stNOMAD per hour
-Airdrop
-Early member bonuses
-Genesis NFT mint whitelist in mainnet
-Unique project merch
Discord is now the main platform for interacting with the community.
The team really appreciates the creation of unique content.
Create memes, videos, art and any other content about the project.
To help, here are several links to useful sites that will help you solve this problem:
- Monad Meme Generator: https://monadmememaker.com/meme-generator
- Monad Meme Library: https://monadmemelibrary.notion.site/bcb827d7421946d193761264678a9e09?v=e9e98b2f082a43118f8fec3e23327241
- Monad Media Kit: https://skilly.notion.site/Monad-Media-Kit-0554df533a10449d8dbbf960fd0c52a7
- Encyclopedia Monadia: https://monad.center/wiki/index.php/Main_Page
If you don't want to miss future threads, welcome to join:
- my X channel @DropsExplorer
- my Telegram channel https://t.me/drops_explorer
