Understanding EtherFi Airdrop: eligibility and Accurate Claims | by ether.fi Foundation | Jul, 2024

ether.fi Foundation
EtherFi Airdrop
EtherFi Airdrop

Next week marks a pivotal moment for EtherFi participants — Season 2 Airdrop claims are about to open! Our dedicated labs team has been working tirelessly to incorporate all feedback from the claim checker, ensuring every user receives their accurate allocation. We will launch as soon as we are absolutely certain that all allocations are correct and sybil accounts have been eliminated. Remember, always use official links to access your claims. Stay tuned for further updates as we finalize the date.

Season 2 of the EtherFi Airdrop is a strategic initiative aimed at distributing $ETHFI tokens to active participants within the EtherFi ecosystem. Running from March 15 to June 30, 2024, this season introduces enhanced eligibility criteria and increased reward potentials. The goal is to incentivize user engagement and promote the growth of the EtherFi network through a fair and transparent token distribution process.

Etherfi Season 2 Airdrop Checker is Live
Etherfi Season 2 Airdrop Checker is Live

Participating in the EtherFi Airdrop requires meeting specific criteria to ensure fair and meaningful distribution of $ETHFI tokens. This section will detail the eligibility criteria from a user’s perspective, guiding you through each step to ensure you qualify and maximize your rewards.

1. Holding an ether.fan NFT

What is it? An ether.fan NFT is a digital collectible that signifies your support and early investment in the EtherFi platform.

How to get it?

  • Acquire on Marketplaces: You can purchase an ether.fan NFT from popular NFT marketplaces such as OpenSea or Rarible. Ensure you buy from verified collections to avoid scams.
  • EtherFi Platform: Check if the EtherFi platform offers any direct purchase or minting opportunities for ether.fan NFTs.

Why it matters?

Holding this NFT not only makes you eligible for the airdrop but also signifies your commitment to the EtherFi community, potentially unlocking additional rewards and benefits.

2. Holding eETH or weETH Tokens

What are eETH and weETH? eETH and weETH are staked versions of Ethereum (ETH) within the EtherFi ecosystem. These tokens represent your staked assets and are used within various DeFi activities on the platform.

How to get them?

  • Staking ETH: Convert your ETH to eETH or weETH by staking it through the EtherFi platform. This involves locking up your ETH in a staking contract to earn rewards and engage with the ecosystem.
  • Trading Platforms: Acquire eETH or weETH from decentralized exchanges (DEXs) where these tokens are listed. Make sure to use reputable exchanges to ensure the security of your assets.

Why it matters?

Holding these tokens directly ties your participation to the core activities of the EtherFi platform, ensuring you’re an active and engaged member of the community.

3. Participation in DeFi Pools or Vaults

What does it involve? Participating in DeFi pools or vaults involves contributing your eETH or weETH to liquidity pools or vaults within the EtherFi ecosystem. This supports the platform’s liquidity and stability.

How to participate?

  • Liquidity Pools: Add your eETH or weETH to liquidity pools available on the EtherFi platform or partnered DeFi protocols. Follow the platform’s guidelines for liquidity provision.
  • DeFi Vaults: Deposit your tokens into DeFi vaults that offer strategies for earning yield on your assets. These vaults are typically managed by smart contracts that optimize returns.

Why it matters?

Your involvement in these pools and vaults demonstrates your active contribution to the EtherFi ecosystem, enhancing your eligibility for the airdrop and potentially increasing your rewards.

4. Referrals

What is it? Referring friends to EtherFi means inviting others to join and participate in the platform, growing the community and increasing overall engagement.

How to refer?

  • Referral Links: Use your unique referral link provided by the EtherFi platform to invite friends. Ensure they sign up and engage with the platform using your link.
  • Incentive Programs: Participate in any official referral programs that offer additional bonuses for bringing in new users.

Why it matters?

Referrals help expand the EtherFi community, and those who contribute to this growth are rewarded. It’s a straightforward way to boost your airdrop eligibility and enhance your potential rewards.

5. Proving Wallet Authenticity

Why is it necessary? Proving wallet authenticity is crucial to prevent Sybil attacks, where a single user might attempt to claim multiple airdrops using different wallets.

How to prove authenticity?

  • Verification Process: Follow the guidelines provided by EtherFi and their partner Chaos Labs. This typically involves signing a message with your wallet to prove ownership and legitimacy.
  • Additional Documentation: In some cases, you may need to provide additional information or answer questions to confirm your participation activities.

Why it matters?

Ensuring your wallet’s authenticity protects the integrity of the airdrop, making sure that rewards are distributed fairly among genuine participants.

6. Engaging in Perks Passport Activities

What is it? The Perks Passport is a feature within the EtherFi platform that tracks your engagement through various activities, awarding points that enhance your airdrop rewards.

How to engage?

  • Activity Log: Log into the EtherFi dapp and navigate to the “Perks Passport” section. Participate in activities such as staking, liquidity provision, or community events.
  • Monitor Progress: Keep track of your completed activities and earned points through the dapp interface. Each activity contributes to your overall score and eligibility.

Why it matters?

Active engagement through the Perks Passport not only boosts your loyalty points but also enhances your overall involvement in the EtherFi ecosystem, leading to greater rewards.

By understanding and meeting these detailed eligibility criteria, you can ensure that you qualify for the EtherFi Airdrop and maximize your potential rewards. Each criterion is designed to reward genuine and active participation within the EtherFi ecosystem, promoting a fair and engaged community. Follow these steps carefully to make the most of your airdrop experience.

Official EtherFi Airdrop Claim Page
Official EtherFi Airdrop Claim Page

Claiming your EtherFi Airdrop involves several steps to ensure accuracy and security. Here’s a detailed guide to help you navigate the process:

Step 1: Visit the Official Claim Page

  • Access the Official Page: Make sure you visit the official EtherFi website. Look for the “Our Season 2 airdrop checker is live” prompt on the homepage and click on “Check Airdrop Eligibility.”
  • Secure Navigation: Always use the official link provided on EtherFi’s website to avoid phishing attempts. Bookmark the official site for quick and safe access.

Step 2: Connect Your Ethereum Wallet

  • Secure Connection: Click on “Connect your wallet” to link your Ethereum wallet to the Etherfi Season 2 Airdrop claim page. Ensure you use the wallet associated with your staking or holding of eETH/weETH.
  • Agree to Terms: After connecting your wallet, read the terms of use and click “Agree to Terms.” You will need to sign a message to confirm, but this will not incur any gas fees.
  • Sign Confirmation: The signature process verifies your ownership of the wallet. This step is gas-free and purely for authentication.

Step 3: Verify and Fill Out Forms

Depending on your allocation, you may need to fill out additional forms to claim your full airdrop:

Basic Airdrop and Top-Up Rewards:

  • Example: The system will list reasons for the additional top-up, such as holding eETH/weETH, participating in liquidity pools, or referring friends. If the allocation seems incorrect, click on “Does your allocation seem incorrect to you? Let us know” to fill out a form with your details (email, wallet address, loyalty points, and EtherFi Portfolio Dashboard).

Prove Non-Sybil Status:

  • Scenario: You may see a basic airdrop quantity plus an additional amount.
  • Verification: To claim the additional top-up, you must prove you are not a Sybil (i.e., not using multiple wallets to unfairly claim airdrops). Scroll down and click “I’m Not a Sybil — I would like to claim XXX $ETHFI” to fill out the form.
  • Proof of Legitimacy: Provide answers to questions such as “What three things did you do to participate in the EtherFi airdrop?” This step ensures that only legitimate participants receive the full airdrop.

Step 4: Confirm Eligibility and Claim Tokens

Eligible users, including early adopters, ether.fan NFT holders, eETH/weETH holders, DeFi pool participants, and referrers, will see their eligible token amount. The claim will go live shortly after the season ends, with tokens needing to be claimed by June 30, 2024.

Step 5: Manage Your Tokens

Once you have claimed your tokens:

  • Check Vesting Schedule: Follow the vesting schedule as outlined by EtherFi.
  • Utilize Tokens: Use your $ETHFI tokens within the ecosystem or hold them for future benefits.

Participating in the EtherFi Airdrop Season 2 offers numerous benefits:

Financial Rewards:

  • Token Allocation: Receive a significant allocation of $ETHFI tokens, providing immediate financial benefits.
  • Enhanced Earnings: Boost your loyalty points through various activities, translating into more $ETHFI tokens.

Ecosystem Engagement:

  • Active Participation: Engage more deeply with the EtherFi ecosystem through activities like staking and referring friends.
  • Community Building: Join a growing and active community, fostering a sense of belonging and connection.

Long-Term Investment:

  • Potential for Appreciation: Hold $ETHFI tokens for potential value appreciation as the network expands.
  • Future Airdrops: Position yourself for future rewards by staying active in the platform.

Governance Participation:

  • Influence Decisions: Participate in governance decisions within the EtherFi ecosystem.
  • Decentralized Control: Ensure decisions are made by the community for the community.

Educational Opportunities:

  • Learning and Growth: Enhance your knowledge and skills in decentralized finance through active participation.
  • Hands-On Experience: Explore the platform’s features and tools, deepening your understanding of DeFi interactions.

Social Proof and Reputation:

  • Early Adopter Advantage: Enhance your reputation within the crypto community as an early participant.
  • Recognition and Rewards: Gain additional opportunities and incentives through active participation.

Security and Trust:

  • Transparent Process: Benefit from a transparent and fair airdrop process.
  • Safety Measures: Enjoy robust security measures that protect user funds and ensure the integrity of the airdrop.

Strategic Positioning:

  • Market Position: Strategically position yourself within the market for unique advantages.
  • Networking Opportunities: Connect with other participants, developers, and influencers in the DeFi space.

Understanding the eligibility criteria and accurately claiming your EtherFi airdrop is crucial for maximizing your rewards. By following the steps outlined in this guide, you can ensure a smooth and rewarding experience with the EtherFi Airdrop Season 2. Stay engaged, leverage the benefits, and position yourself for long-term success within the EtherFi ecosystem.

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