Yellow Airdrop
About Yellow
Yellow is a blockchain infrastructure and advisory company. They developed Yellow Clearing Network, a Layer-3 P2P protocol that uses state channels to facilitate trading and settlement through smart clearing. Yellow aims to connect the blockchain industry and tackle the liquidity fragmentation problem by applying strategies from traditional finance.
Why we choose Yellow?
Yellow has raised $10M at a $200M valuation, backed by prominent ventures such as ConsenSys, LD Capital, and Gate Labs.
Recently, Yellow launched the first season of their Locking Campaign, allocating 5% of the $YELLOW total supply for participants. Since Yellow is relatively underfarmed (only $117K in TVL at time of writing), this campaign offers an excellent opportunity to begin farming Yellow and secure future airdrops.
Yellow Airdrop Guide
Airdrop Eligibility
- Hold/Lock assets in Yellow Vault
- Claim free Points (daily)
- Trade on Yellow Terminal (daily)
- Complete Yellow quests
- Complete Yellow Galxe tasks
How to get Yellow Airdrop?
To qualify for the Yellow airdrop, you will need to accumulate Yellow Points. There are 4 main ways to earn Yellow Points:
- Hold/Lock assets in Yellow Vault
- Claim daily Points
- Trade on Yellow Terminal
- Complete quests
You can also participate in the Ducklings NFT game to earn more benefits. We will explain these tasks in more detail below.
Deadline: Season 1 of Locking Campaign ends on November 11th, 2024.
How to earn Yellow Airdrop: Hold/Lock assets in Yellow Vault + Claim daily Points + Trade on Yellow Terminal + Complete quests.
Recommended strategy: Try to complete streaks for Daily Claim and Terminal Trade to maximize your Yellow Points for this campaign. As for the main tasks, you can consider locking funds to earn more Points. Note that locked assets will only be withdrawable after November 11th, 2024.
You can create a Yellow Vault using Google, Discord, Telegram, or any Web3 wallet like Metamask, Rabby, or OKX Wallet.
Visit Yellow Vault and click on Connect Web3 Wallet. Connect using your desired wallet and confirm the pop-up message.
#2: Hold assets in Yellow Vault:
Visit the Yellow Dashboard and select your desired deposit network. You can also view all supported assets on that network using this page.
Next, click on the copy button on the left dashboard to get your Yellow address. Simply transfer any supported asset into this address to earn holding Points. Make sure to also transfer in some gas token in your chosen network (ETH for Ethereum and Linea, POL for Polygon Network).
Note: DO NOT transfer in any unsupported asset/asset on unsupported networks – You will lose your fund if so. Always double check the asset/network before depositing.
#3: Lock assets in Yellow Vault (optional):
This task is not mandatory, but locking assets in Yellow Vault will earn you more Points than just holding. Locked assets will be withdrawable on November 11th, 2024.
Visit the Yellow Season 1 dashboard and check the Lock tab. Select your deposit asset and amount, then click on Lock.
You can increase Yellow Point earnings by claiming daily rewards. Consistent claims (streaks) can offer even higher bonuses.
Visit the Yellow Season 1 page and connect your wallet. Click on the Claim Points button top-right and sign the transaction to get your free Points.
Note: If your Claim Points transaction failed, try switching to another network to sign, or transfer in more gas tokens on your chosen network.
You can earn daily Yellow Points by trading on Terminal. Before proceeding, make sure to top-up your Yellow Vault with 5-30 USDC on the Linea Network.
#1: Connect wallet and choose your broker:
Visit the Yellow Terminal and connect your wallet. Click on Quick Connect to find your broker.
#2: Fund your margin account:
Next, fund your margin account by entering at least 5 USDC. This fund will be used as collateral and will be returned upon closing the channel.
Note: Make sure to not fund all of your USDC, since it will be used for trading and will not take part in the settlement.
#3: Create position:
After funding your margin, you will be presented with a trading interface. Here, create any long or short position. The base leverage is 5x – meaning 5$ in collateral will result in a 25$ trade position.
You can monitor and close your position anytime using the Positions tab under the chart.
#4: Finalize your position:
To settle your position at the end of your trading period, select your trades on the Positions tab and click on Request settlement.
On the presented UI, top up any missing asset if you have to and click on Continue.
#5: Close your channel:
Finally, click on your address on the trading UI, click on the Setting icon, and choose End Trading Session. Your collateral will be returned in full if all positions were settled.
You can complete quests on Yellow to earn more Points. There are currently 3 available quests:
- Getting started with your wallet:
- Deposit to your Yellow Vault at least 25$ in ETH on Linea
- Swap at least 5$ in ETH to USDC on SyncSwap
- Join Yellow Discord
- Getting started with trading Terminal (see part IV. Trade on Yellow Terminal):
- Open a channel with a broker for a minimum of 5 USDC
- Create a long/short position on Terminal
- Close your channel to retrieve USDC collateral
- Trading competition:
- Trade at least 25$ on SyncSwap using Yellow Vault
Visit the Yellow Dashboard and follow the step-by-step guide on each task to complete.
There are some Yellow tasks available on Galxe. Complete these tasks to maximize your chances in the Yellow airdrop.
Visit the Yellow Galxe page and connect your wallet. Complete all available tasks.
You can participate in the Ducklings NFT Game to get some Yellow tokens.
First, visit the Ducklings Game and sign up using social accounts.
Next, connect your Yellow Wallet using the Connect wallet button.
Scroll down to Activities and complete available quests to get your Duckies.
To learn more about the Ducklings NFT Game, visit the official docs here.
Yellow Airdrop Claim
- Expected TGE: Q4 2024
- Claim Link: https://yellow.com/join