The Solana ecosystem is thriving in 2024, outpacing Ethereum in several metrics including DEX trading volume while introducing exciting new technological breakthroughs such as a recently launched zero knowledge (zk) compression feature. Launched in 2020 and renowned for its fast transaction times and cheap gas fees, the high-performance Solana network’s recent advancements have stabilized the ecosystem, making it an attractive hub for developers and users.
One notable aspect of the ecosystem is its community-driven approach, particularly evident through various airdrops that engage users and incentivize participation. These airdrops reward existing holders and bring new users into the Solana ecosystem eager to take advantage of the value they provide.
stabble, the first Solana-based protocol established to minimize financial loss by reducing operational costs, leads the charge by announcing a new airdrop, galvanizing its users and the broader Solana ecosystem. The airdrop follows a successful first month of the protocol’s mainnet which witnessed a 67 percent growth in total value locked (TVL).
stabble’s team of developers planned the airdrop to occur over three seasons and has implemented a points system to attract users. A substantial portion of its native $STB token has been stashed away for user distribution, ensuring participants can reap significant rewards.
The system provides users with three mechanisms to accumulate points. Users will receive 5 points per USD for executing swaps and 50 points per USD (per day) for depositing liquidity into one of the flexible, protocol-managed liquidity pools. By creating a pool and depositing liquidity, users can earn 70 points per USD value equivalent per day as long as the pools reach a minimum daily TVL of $5,000.
The more points users compile, the larger their airdrop share will be, making active participation within the stabble protocol crucial for qualification.
As a bonus feature, stabble offers a referral program to enable users to earn additional points. By sharing a referral link, users can receive 25 percent of the points earned by the user they referred. Users must engage with stabble’s protocol by executing a small swap to receive a referral link.
Points will also be doubled for holders of Stabble’s Points Booster NFT. The NFT is only available via airdrop to members or used by selected partners or DAOs, such as owners of the Jupiter wallet.
As Solana’s ecosystem enjoys unprecedented growth and enhanced functionality, stabble’s airdrop represents an exciting opportunity for the ecosystem’s community to be rewarded for their active engagement. The points system, referral program, and bonuses for NFT holders enable stabble to strategically incentivize participation while rewarding and strengthening its community relations. As Solana continues scaling, initiatives like this airdrop highlight the potential for growth and collaboration.
