MetaStreet Airdrop

Updated October 4, 2024

About MetaStreet

MetaStreet is a yield infrastructure protocol that converts high-yield sources into tradable assets. It features an Automatic Tranche Maker (ATM) for permissionless lending and a Liquid Credit Token (LCT) that represents lender positions. MetaStreet enhances lending protocols by removing the need for centralized price oracles, introducing dynamic interest rates, and enabling permissionless pool creation. LCT provides advantages such as supporting long-duration loans, maintaining stable floor prices, and maximizing yield through DeFi composability.

Why we choose MetaStreet?

MetaStreet is a yield infrastructure protocol in the Blast ecosystem, set to combine LSDFi and NFTfi to structure high yield into liquid and tradable assets. They have successfully raised $49M in funding, backed by prominent investors such as Dragonfly Capital, Delphi Ventures, and Animoca Brands. In early 2024, MetaStreet launched the Ascend program, allowing users to interact with Liquid Credit Tokens and earn XP. With Ascend Phase 2 now officially underway, users can deposit assets to participate in the program and receive future airdrop rewards.

MetaStreet Airdrop Guide

Airdrop Eligibility

  • Complete all tasks below
  • Active months:: 3+
  • Hold LCT/Participate in DeFi using LCT: 500$+
  • Invite friends.
  • Promote your stats on social media.

How to get MetaStreet Airdrop?

To qualify for MetaStreet airdrop, you need to earn XP either by holding LCT or participating in different DeFi activities using Metastreet’s LCT (Liquid Credit Tokens). XP will be the main criterion that determines your future Metastreet airdrop. 

Deadline: TBD.

How to earn MetaStreet XP: Hold LCT/Participate in DeFi using LCT + Invite friends + Share earnings on social media.

Recommended strategy: Swap for LCT on Thruster (step #3) => Provide LCT/ETH LP on Thruster (step #5) => Deposit LP token into Hyperlock (step #6). This will ensure maximum XP earned per dollar, and might also qualify you for future Blast and Hyperlock airdrop.

Metastreet Ascend provides users with 2 network options: Ethereum Mainnet and Blast Network. Since Ethereum Mainnet has significantly higher gas fees, and users need to bridge their LCT to Blast Network anyway, this guide will solely focus on using the Blast Network. 

#1: Bridge to Blast:

To participate in MetaStreet Ascend, you need to have funds on the Blast Network. 

Visit Relay Bridge and connect your wallet. Choose your bridge origin, enter the amount, and click on Bridge. The bridge fee for Relay is very low (under 1$).

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#2: Join the Ascend program:

Visit the Metastreet Ascend website. You will need to enter an invite code to enter the Ascend Program. You can find invite codes from community members in the Metastreet Discord, #invites-code channel. Or you can use my invite codes:
“q681v –
yrkb9 – ezvb6 – m3olz – tobwn”

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Now, connect your EVM wallet and complete social tasks to finish the onboarding process.

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#3: Buying LCT using Thruster:

LCT stands for Liquid Credit Token, an ERC-20 representing a lender’s loan position. LCT is fully liquid and can be traded in secondary markets.

There are 2 type of LCT with different yield in daily XP:

  • Bottom LCT (Low volatile, APY, and XP): mWETH-PPG:5 & mwstETH-WPUNKS:20 – Earn 35XP/1 LCT/day.
  • Top LCT (High volatile, APY, and XP): mWETH-PPG:10 & mwstETH-WPUNKS:40 – Earn 50XP/1 LCT/day.

To buy LCT, visit Thruster Finance and connect your wallet. Click on Select Token and search for Metastreet to see the list of LCT. Alternatively, you can search for LCT using their contract address:

  • mWETH-PPG:5 – 0x41cF7ea4Ba650191e829A6bD31B9e2049C78D858
  • mWETH-PPG:10 – 0x6531ae67098Bc73Db9179DcBc6F161FCd9fd4c01
  • mwstETH-WPUNKS:20 – 0x9a50953716bA58e3d6719Ea5c437452ac578705F
  • mwstETH-WPUNKS:20 – 0x999f220296B5843b2909Cc5f8b4204AacA5341D8

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Choose your desired LCT by clicking on it.

Enter the buy amount and click on Swap to buy your LCT.

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After buying LCT, simply hold them in your wallet to accumulate XP shown above. To earn even more XP, follow the steps below to participate in DeFi using those LCT.

#4: Deposit LCT to Wasabi (requires LCT):

This is the first way to utilize your LCT. 

Visit Wasabi Vaults and connect your wallet. Find your desired LCT vault by searching and clicking on it.

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Enter the amount and click on Deposit.

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By depositing LCT into Wasabi, you will earn:

  • Bottom LCT: 70XP/1 LCT/day.
  • Top LCT: 100XP/1 LCT/day.

#5: Provide liquidity on Thruster (requires LCT):

This is the second way to utilize your LCT. 

Visit Thruster Finance and connect your wallet. Choose your desired LCT-ETH pair by clicking on Select Token.

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Choose the desired amount, approve your tokens and click on Add.

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After providing liquidity on Thruster, you will receive Thruster LP tokens, which can be used following the two steps below.

By providing liquidity for LCT on Thruster, you will earn:

  • Bottom LCT: 100XP/1 LCT/day.
  • Top LCT: 150XP/1 LCT/day.

#6: Stake LP in Hyperlock (requires Thruster LP):

This is the first way to utilize your Thruster LP tokens. 

Visit Hyperlock Finance and connect your wallet. Search for your desired LCT pool and click on it.

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Choose your LCT and click on Stake.

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Alternatively, switch to the Zap tab to deposit using other tokens like WETH.

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By staking LP tokens using Hyperlock, you will earn:

  • Bottom LCT: 100XP/1 LCT/day.
  • Top LCT: 150XP/1 LCT/day.

#6: Stake LP in Particle (requires Thruster LP):

This is the second way to utilize your Thruster LP tokens. 

Visit Particle Earn and connect your wallet. Switch to the Existing Liquidity tab.

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Hover over your existing LCT Thruster LP and click on Provide.

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By staking LP tokens using Hyperlock, you will earn:

  • Bottom LCT: 100XP/1 LCT/day.
  • Top LCT: 150XP/1 LCT/day.

#7: Invite friends:

You can boost XP earnings passively by inviting other people to MetaStreet Ascend.

To get your invite codes, first visit the Ascend Dashboard. At the top, click on the Invites tab to see your codes. By inviting others using those codes, you will earn:

  • 10% of invitees’ Reserve XP per direct invite.
  • 5% of invitees’ Reserve XP per indirect invite (people who your invitee invites).

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#8: Amplify on social media:

You can also share earned stats on social media to receive more XP. To begin, visit the Ascend Dashboard and click on the Xfactor tab on the top dashboard.

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Click on a stat template that you want to share and post it on Twitter.

You can also earn Metastreet XP by buying or borrowing assets against Apollo NFT. This step is optional due to the price volatility of NFTs – please proceed with caution.

To buy Apollo NFT, visit the Blur Marketplace and connect your wallet. Select an NFT then click on Buy Now.

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Simply hold the NFT in your wallet to earn 25XP/NFT/day.

To borrow assets against your Apollo NFT, visit Metastreet Borrow and connect your wallet. Select your Apollo NFT and click on Borrow.

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By borrowing against your Apollo NFT, you will earn 100XP/NFT/day.

MetaStreet Airdrop Claim

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