New Ethereum Airdrop and Yield farm - May the ForceDAO be with you
Big farming opp starts tomorrow
If you’ve ever interacted with one of many popular Ethereum DApps, you probably have a FORCE airdrop to pick up! Ethereum’s DeFi is the gift that keeps on giving.
Recipients: Participants in the Aave, Alchemix, Badger, Balancer, Curve, Maker DAO, Synthetix, Sushi, Vesper, and Yearn communities.
ForceDAO has been working in beta for a couple of weeks, providing early liquidity providers with average yields on stablecoins and LP tokens, but things just kicked into high gear! The emissions are coming in full FORCE if you decide to keep your funds on the platform and stake your positions.
All airdrop recipients have received FORCE, which can be claimed and automatically staked in the xFORCE pool, which rewards stakers with a portion of FORCE bought from the open market on Sushiswap. Details on the profit sharing can be found in the latest Medium article. If you missed an opportunity with the airdrop, you can wait until tomorrow (4/4) to buy some FORCE tokens and provide liquidity on Uniswap or Sushiswap and get additional FORCE rewards via geyser, a contract that rewards users more if they provide liquidity for longer periods of time.
I have to commend ForceDAO’s fair launch technique and rollout. Their plan is quite smart to prevent airdrop recipients from instantly dumping the tokens on the open market.
1 - They rewarded early LPs and experienced users of DeFi. This is typically a recipe for disaster in DeFi because there is little to no incentive to holding the token.
2 - ForceDAO increased APY ahead of the airdrop to bring liquidity on the protocol.
3 - ForceDAO automatically moved airdropped tokens into a profit sharing pool. Your airdrop not only has value, but it appreciates with higher liquidity.
Great plan, kudos to the ForecDAO team. This feels like a big improvement from where harvest.finance started, and they are working on crosschain protocols soon too.