Summary

Gate Research recently released a summary of the week’s most popular airdrops, covering several highly anticipated projects. These include the token sale of World Liberty Finance, the COOK token distribution from Mantle, the launch of the PUFFER token by Puffer Finance, the cross-chain asset transfer protocol of deBridge, and the decentralized social platform TownsXYZ. The report provides an overview of these trending projects, details about the airdrops, and how to participate, aiming to keep users updated on the latest airdrop developments.

Airdrops

World Liberty Finance

World Liberty Financial (WLFI) is a decentralized finance (DeFi) project backed by the Donald Trump family, aimed at promoting the adoption of cryptocurrencies. The token sale is scheduled to begin on October 15, 2024, with a target of raising $300 million. The project team includes several crypto industry experts committed to strengthening the dominance of the U.S. dollar while providing secure lending services. WLFI complies with the U.S. Securities and Exchange Commission (SEC) regulations and is only open to accredited investors, aiming to stand out in a highly competitive market【1】.

Notably, the governance token WLFI is non-transferable and cannot be traded on the market. Investors cannot profit simply by holding the token, as its sole function is to participate in governance voting on the platform. This feature sets it apart from other mainstream DeFi projects.

COOK

Mantle’s mainnet is actively advancing its Metamorphosis campaign, with plans to distribute new COOK tokens to the community. COOK will serve as the core governance token for Mantle’s liquid staking token (mETH, currently one of the largest TVL liquid staking tokens) and liquid re-staking token (cmETH), playing a significant role in network governance. The key to participating in the COOK airdrop is to obtain mETH tokens. Engaging with the Mantle network can earn additional Powder rewards, and participating in DeFi activities may further increase these rewards【2】.

Participation Steps:

1. Visit the specified website and connect your wallet.
2. Stake ETH to obtain mETH tokens.
3. Add mETH tokens to your wallet and use the bridging feature to transfer them to the Mantle network.
4. Holding 1 mETH daily will earn 10 Powder. Additionally, providing mETH liquidity on specified protocols can further increase your Powder rewards.
5. Lock MNT tokens to gain additional rewards.

Currently, mETH ranks as the fifth-largest liquid staking token, trailing Jito (with a fully diluted market cap of $2.1 billion) and Marinade Finance (with a fully diluted market cap of $100 million). Given that COOK will serve as the governance token for mETH and the soon-to-be-released cmETH, it is anticipated that COOK’s fully diluted valuation (FDV) upon listing will range between $150 million and $300 million. For token distribution, Mantle is expected to adopt a strategy of higher circulation and robust FDV rather than a high valuation with low circulation【3】.

Puffer Finance

Puffer Finance is a liquid staking protocol built on EigenLayer, and it announced the PUFFER tokenomics on October 10. The total PUFFER tokens supply is 1 billion (with an initial supply of 102,300,000 tokens). Previously, Puffer Finance’s total funding exceeded $24.15 million. Gate.io has launched spot and leveraged trading for the PUFFER token and has opened staking for the new token.

Users can now claim rewards for Season 1 on the official website, with the claim period starting on October 14, 2024, and lasting for three months. The basic steps to apply for the airdrop are as follows:

1. Visit the Puffer Finance official website.
2. Navigate to the Claim page.
3. Connect your wallet and select $PUFFER Airdrop Season 1.
4. Check your eligible claim amount and proceed to claim【4】.

deBridge

deBridge is an asset transfer protocol that enables decentralized transmission of arbitrary messages and values between multiple blockchains. Cross-chain transactions are verified by a network of independent validators, selected and governed through deBridge governance. These validators maintain blockchain infrastructure, with each running a deBridge node to sign all transactions processed through deBridge smart contracts across different blockchains【5】. A key differentiator of deBridge compared to other protocols is its speed—typically, deBridge’s bridge completes transfers within just 1 minute or less, compared to the usual 20 minutes. deBridge announced that the DBR airdrop would launch on October 17, 2024【6】.

deBridge Finance raised $5.5 million in a seed round in September 2021, led by ParaFi Capital and including investors like Animoca Brands, GSR, and IOSG Ventures. The project was submitted during the 2021 Chainlink Global Hackathon in the summer and achieved first place among over 150 global teams.

Steps to Claim Airdrop Tokens on deBridge

1. Visit the deBridge official website【7】.
2. Connect your wallet. On the interface, select the source chain, the asset, the amount you wish to transfer, the destination chain, the asset, and the amount to be received. After selecting, click “confirm trade” and confirm the transaction in your wallet. Each cross-chain transaction incurs a fee paid to the platform, which is the basis for earning points, with 1 USDT = 100 points.
3. After a short waiting period, the cross-chain transfer will be completed. Your total points will be displayed at the top of the page.

TownsXYZ

TownsXYZ is a blockchain-based decentralized social platform that aims to provide users with a better online community experience. The project is led by the well-known venture capital firm Andreessen Horowitz (a16z), raising $51 million in funding. 【8】TownsXYZ is designed with a concept similar to Discord, allowing users to freely communicate and build communities in a decentralized environment.

Steps to Participate in the TownsXYZ Airdrop:

1. Create an Account: Visit the official Towns website and sign up using your email.
2. Create a Town: After registering, click on “Create a town” to establish your own town.
3. Join Existing Towns: You can join other users’ towns through a link, such as the town of Leaf.
4. Participate in Groups: On the platform, find groups that interest you and apply to join. These groups often cover various topics and activities.
5. Engage with the Ecosystem: By following these steps, users can easily join the TownsXYZ ecosystem and enjoy the benefits of decentralized social networking.

Tips
Airdrop plans and participation methods may change at any time, so it is recommended that users follow the official channels of the above projects for the latest information. Additionally, users should exercise caution, be aware of the risks, and conduct thorough research before participating. Gate.io does not guarantee the distribution of subsequent airdrop rewards.

Reference：

1. WLFI, https://x.com/realDonaldTrump/status/1845179557852377508
2. Mantle.xyz, https://www.mantle.xyz/blog/announcements/season-1-methamorphosis
3. Substack Stacy Muur, https://substack.com/home/post/p-149090134
4. Puffer, https://claims.puffer.fi/
5. Rootdata, https://www.rootdata.com/zh/Projects/detail/deBridge?k=NDgyMg%3D%3D
6. deBridge, https://x.com/deBridgeFdn/status/1837416027271188597
7. deBridge, https://app.debridge.finance/r/17610
8. Rootdata, https://www.rootdata.com/zh/Projects/detail/Towns?k=NzA1NQ%3D%3D
9. Towns, https://app.towns.com/