Introduction: AirPuff, the leader of the new wave of airdrops
Participating in airdrop activities, with its low entry threshold and high potential returns, has become the preferred path for users to accumulate wealth. However, as more large capital participates, the airdrop rewards available to ordinary users gradually decrease. With the launch of various popular projects, the funds invested by users are becoming more and more dispersed, causing the rewards that individuals receive from airdrops to appear insignificant. The advent of AirPuff just solves this problem. It is committed to providing users with a comprehensive airdrop strategy, aiming to maximize airdrop returns while reducing investment costs. Through its one-stop service, AirPuff has successfully captured numerous airdrop opportunities in the market and effectively dealt with the challenges caused by the dispersion of user funds.
Challenges and opportunities in the airdrop 2.0 era
In 2023, the total amount of airdrops in the DeFi space reached a staggering $4.6 billion. Looking forward to 2024, market expectations for airdrops are growing exponentially, and are expected to include multiple heavyweight projects, such as EigenLayer, various liquid restaking projects, Ethena, and many native tokens of top L1 and L2 blockchains, indicating that 2024 will go down as a banner year in the history of airdrops.
However, as time goes by, the requirements and standards for airdrop projects continue to evolve. From the initial simple distribution method based on user activity, it gradually evolved to the introduction of complex points and recommendation systems, making the whole process more game-like and complex. At the same time, the increase in the total amount of locked funds is also particularly critical, which makes it more difficult for ordinary users with relatively limited funds to obtain a larger share of the airdrop.
AirPuff’s core advantages
Leverage strategy:
AirPuff allows users to enable up to 15x leverage, which not only increases the points and shares they receive, but also significantly increases the likelihood of receiving more airdrops. Compared with other leverage platforms, AirPuff provides users with greater flexibility and elasticity, helping them maximize their returns.
Economical and efficient:
According to data from Whales Market (an over-the-counter trading platform), the cost of obtaining one EigenLayer point is approximately $0.2. However, when users using the AirPuff strategy open a position, the average cost per point is only $0.11, which saves approximately 45% of the cost compared to purchasing points off-site, providing users with a more economical option.
AI technology applications:
AirPuff’s next step is to integrate AI technology into its airdrop strategy. By using artificial intelligence technology to analyze market trends and airdrop information, AirPuff can help users accurately grasp the most immediate and appropriate airdrop opportunities, effectively maximizing airdrop returns within limited funds. In addition, integrating AI into strategy design can provide the best airdrop strategy recommendations based on users risk preferences and asset allocation, while shortening product development and launch time, allowing AirPuff to capture market hot spots more quickly and provide timely support. .
Stablecoin Lending:
AirPuff not only supports borrowing ETH, but also allows users to borrow stablecoins, which is equivalent to opening a long position for ETH. When the price of ETH increases, users are able to earn additional profits because the amount of debt remains the same. This strategy is particularly suitable for users who want to participate in airdrop activities and have confidence in the price of ETH, allowing them to participate in airdrops and obtain double benefits through leverage operations on the price of ETH.
Competitive Analysis: AirPuff Compared to Other Platforms
Comparison with Pendle YT
Users adopting the AirPuff strategy face less price risk than holding Pendle’s YT (Yield Token). The base asset of the AirPuff strategy can be ETH or stablecoins. Compared with Pendles YT, the price of the latter is more volatile, because the price of YT will change with the markets expectations for future yields, and usually due to the approaching expiration Falling day by day. Therefore, users take less risk with AirPuff’s ETH or stablecoin-based strategy than taking the risk of YT price falling.
Comparison with Pendle PT
AirPuff’s lending strategy better captures the potential profit opportunities of assets. Compared with Pendle’s PT (Principal Token), the latter locks in the interest rate at the time of purchase and gives up the possibility of interest rate increases. AirPuffs lending interest rate will change based on the usage of the lending pool. Due to long-term high demand, even for blue-chip assets such as ETH, the average interest rate may reach 60%, providing users with greater profit potential.
Comparison with Gearbox
AirPuff offers users broader flexibility through its leverage of up to 15x and stablecoin borrowing options. Compare that to Gearbox’s offering, which only supports up to 10x the ETH borrowing capacity. AirPuff is unique in that it not only offers higher leverage, but also allows the utilization of stablecoins as another form of long ETH positions, further enhancing the possibility for users to achieve higher returns.
AirPuff Token Issuance Details
AirPuff will conduct a public sale of its tokens through Fjord Foundry’s Liquidity Boot Pool (LBP) from April 8 to 11, with plans to sell 15% of the total token volume.
Observing the performance of Fjord Foundrys public sales projects in the past month, the median financing amount reached US$4.85 million, and the highest financing amount even reached US$10.78 million, with a valuation as high as US$167 million. It is worth noting that most of these projects are still in the development stage and have not yet launched mature products. In sharp contrast, AirPuff has not only locked up more than $8 million, but has also successfully launched more than 11 cross-chain airdrop strategies, showing the strong potential and market popularity of its project. Thanks to its strong background on the financing platform and project performance, AirPuff’s token public sale is built on a solid foundation, indicating the success of its sale.
$APUFF - Comprehensive airdrop governance token
As the governance token of the AirPuff platform, $APUFF aims to become the core of the airdrop field and provide a basic platform for all airdrop activities. Users holding $APUFF can enjoy three main benefits: airdrop dividends, additional distribution of $APUFF, and voting rights.
Airdrop dividends:
By locking $APUFF, users will receive 5% of the airdrop dividends from all leveraged strategy participants, bringing additional passive income opportunities to holders. This means that users do not need to disperse capital into different projects. They only need to hold and lock $APUFF, and they can automatically obtain the governance tokens of all projects on the platform when the airdrop is issued, effectively solving the problem of capital dispersion and optimizing the process of maximizing returns.
Additional distribution mechanisms:
By locking up $APUFF equal to 5% of the value of their position, users can receive ongoing additional $APUFF distributions. For example, if the users position is $1000, he needs to lock $50 worth of $APUFF to enjoy the additional distribution. This mechanism ensures that most $APUFF remains locked, easing market selling pressure and helping to maintain the price stability of the token.
Voting rights:
Users holding $APUFF will also receive voting rights, which can affect the distribution ratio of $APUFF in various strategies and borrowing pools, thereby increasing its earning potential and forming a virtuous cycle. Additionally, this mechanism encourages other protocols to induce users to vote for their strategies by offering their own tokens as rewards. For example, Vector Reserve is ready to award $10k worth of tokens to voters to increase user commitment to their strategy. The voting mechanism promotes the decentralization of the protocol and delegates decision-making power to users, making it a platform that truly benefits users.
Market Valuation Analysis
When we compare AirPuff to similar platforms on the market, such as Gearbox and Pendle, they have fully diluted market caps of $174 million and $1.07 billion respectively, compared to actual market caps of $87 million and $417 million. Dollar. Based on this comparison, we expect AirPuffs valuation to be somewhere between these two values. In particular, AirPuff’s lower liquidity supply at market launch (comprising a 15% public sale and a 1% private sale) will provide greater room for growth in its token price.
From a product development perspective, AirPuff has more advantages than Gearbox with its wider service scope and support for cross-chain operations, as well as more favorable interest rates for borrowing and leverage users. Therefore, we expect AirPuffs valuation to exceed that of Gearbox, reflecting its higher underlying value and growth prospects in the market.
Conclusion and Outlook
Overall, as a pioneer in the airdrop field, AirPuff has shown great growth potential with its core concept of maximizing users’ airdrop benefits. Thanks to its multiple advantages, including superior borrowing flexibility, optimized lending experience, and the integration of artificial intelligence technology, AirPuff has successfully established itself in the airdrop market and is expected to continue to leverage these advantages to further expand its Business Scope.
With the launch of $APUFF, a governance token, planned to be available to the public on April 11, it challenges the traditional airdrop model through the airdrop dividend mechanism, solves the common problem of user fund dispersion, and will become the core of all airdrop proceeds. node. This not only brings additional value to AirPuff users, but also elevates airdrop benefits to a new level.
