Loopfi Airdrop
About Loopfi
Loop is pioneering a dedicated lending market for Ethereum trades, enabling the use of Liquid Restaking Tokens as collateral to borrow ETH for enhanced yield opportunities. Loop’s protocol rewards are distributed among ETH-lenders and dLP-lockers, driving higher alignment and scalability. With affordable credit options for LRTs and liquidity pool tokens, Loop aims to level the playing field while empowering protocols to build a dynamic restaking market for Ethereum.
Why we choose Loopfi?
Loop is a Liquid Restaking Protocol that enables users to farm multiple airdrops from a single deposit. The project has not raised any VC funding, as they originated from a previous DAO that already had an established Treasury.
Recently, Loop has launched their Pool Party campaign, allocating 7% of the total $LOOP supply for depositors. With the project still relatively underfarmed (only $3M in TVL at time of writing), this presents an exciting opportunity to begin farming Loop and receive future rewards.
Loopfi Airdrop Guide
Airdrop Eligibility
- Deposit assets on Loop
- Refer friends
How to get Loopfi Airdrop?
To qualify for the Loop airdrop, you will need to deposit assets on Loop and accumulate Quaaloops – points in the Pool Party campaign. Quaaloops are distributed among all depositors on an hourly basis, so the more funds you deposit on Pool Party, the more rewards you will earn.
Deadline: Loop team announced that TGE will happen at either $100M TVL or 6 months after launch (approx. December 2024), whichever comes first.
How to earn Loop Airdrop: Deposit ETH/BTC assets on Loop + Refer friends.
Recommended strategy: You can farm Loop on Scroll to avoid high gas fees. There are several pools on Scroll, for example STONE, that can offer you multiple airdrops farmed from a single deposit.
Before depositing on Loop, you will need to prepare your funds. Currently, Loop supports the following assets:
ETH (on Ethereum/Scroll):
- wETH
- weETH
- rsETH
- pufETH
- STONE
- ynETH
- rswETH
- ezETH
- uniETH
BTC (on Ethereum Mainnet only):
- wBTC
- swBTC
- pumpBTC
#1: Deposit on Loop:
Visit the Loop Pool Party website and connect your wallet. Choose between asset types (ETH/BTC) and select your network (Ethereum/Scroll) using the top buttons.
Next, scroll down to your desired asset. On the UI, you can view the list of rewards for a pool. Click on the Deposit button to begin the deposit.
On the deposit pop-up, enter the amount and click on Deposit. The more funds you use, the more Quaaloops you will earn.
#2: View your Quaaloops:
To view your earned Quaaloops, visit the Loop Pool Party and scroll down to your deposit dashboard.
You can refer friends to Loop and earn 20% of their accumulated Quaaloops.
Visit Loop Pool Party and scroll down to the Referral Bonus section. Click on Show to view your referral code and invite friends using it.