The Cosmos ecosystem is not done. There are over 20 blockchains built on Cosmos that in turn, have tens of token protocols being built. Today we cover only one of these blockchains – Sei Blockchain.
What is Sei Blockchain?
Sei network is a layer 1 blockchain that claims to offer the best infrastructure for the exchange of digital assets. In addition, Sei Network claims to be the fastest layer 1 network to finality with a lower bound of 300ms.
While the Sei Foundation has already distributed an airdrop for testnet users, it was disappointingly small. However, following the token launch, eligible wallets were able to receive over 5,000+ SEI rewards for bridging from any chain to SEI.
More airdrops directly from the treasury are coming, with 48% of the total SEI supply allocated to the “Ecosystem Rewards”.
However, in the meantime, Sei, being a relatively new network, most of the protocols from its ecosystem are in their early stages. Hence, you have an opportunity to be among the first to interact with these projects and position ourselves for future airdrops.
How to Interact with Sei Network?
As with all blockchains, you will need a web3 decentralized wallet to interact with the different protocols on the network.
- Top up your wallet with SEI using CEX
- Go to the official SEI staking platform.
- Select a validator and stake your tokens
NOTE: There is a 21-day lock-up period for staking. Only delegate if you are willing to hold SEI for this duration.
Staking is usually the primary form of farming for airdrops on any layer 1 blockchain. OSMO, SOL, ATOm, and TIA stakers have been the recipients of numerous airdrops just for holding and locking their tokens to secure the networks.
Top 5 Upcoming Airdrops on Sei Network in 2024
With that aside, here are some projects that you can start interacting with to position yourself for future rewards.
1. Yaka Finance
Yaka is the native liquidity hub on Sei, blending a unique DEX with a Launchpad! $YAKA airdrop is already confirmed and the majority of the airdrop will be distributed to “Consistent users of SEI Chain protocols and new participants through YAKA”.
6% of the supply is allocated for the upcoming airdrop campaign.
Yaka is currently on the testnet, and there may be at least an airdrop multiplier for the early supporters.
- Go to Yaka DEX
- Claim testnet $SEI from the faucet
- Complete the “Achievement milestones” in the “Airdrop” tab
Tatami is a decentralized Web3 games publisher, with an integrated marketplace and launchpad with a confirmed airdrop. There is not much information out about airdrop allocation yet, but taking a few minutes to follow these steps may be rewarding when the airdrop comes:
- Go to the Tatami platform
- Click on “Earn your airdrop”
- Submit the form.
3. Kawa Finance
Kawa is a cross-chain permissionless borrow and lending protocol, streaming liquidity through the Sei blockchain. The protocol is in the testnet phase, and the team has recently launched a Galxe campaign.
Hence, you have the opportunity to become an early adopter and potentially be rewarded in the future.
- Head over to Galxe Kawa Finance Campaign
- Complete the tasks listed there and claim your NFT
4. Pallet Exchange
Pallet Exchange is the premier Sei native NFT and inscriptions marketplace. NFTs have always been popular, especially on new cheaper chains like Sei. Because of the recent barrage of airdrops on Cosmos, crypto users are anticipating an airdrop from Pallet.
The pallet does not have a token one may coming soon.
The qualification is here to make some purchases on the Pallet platform, and possibly hold several NFTs.
5. Sei-20 Protocol
- Get a Compass wallet
- Buy SEI from a CEX such as Binance
- Deposit SEI in Compass wallet
- Go to Sei-20 protocol and Connect your wallet to the platform/
- Click “Get started” on Website
- Go to lists of Mint Available, Check Total % of Mint and Limit Per Mint.
- Click Mint and buy sei20 tokens.
SEIS is only 6.8% minted, therefore you can you can still mint it. You might want to get in early because sei-20 will be making waves in the coming days like how SRC20 and Ordinals did.
These are not all the potential Sei ecosystem airdrops for 2024, but they are the most anticipated ones. Several protocols on the Sei Network will be launching soon. Keep an eye out for vDEX, Silo, and Solar.
Make sure to stay safe while interacting with decentralized protocols. Being the year of the bull run, scammers have become more than innovative.