Original author: 1912212.eth, Foresight News

Among public chains other than Ethereum, Solana and Cosmos are two chains that are almost unavoidable in terms of wealth effects. Both are highly sought after by capital. In terms of MEME alone, Solana has three heroes: BONK, SILLY, and WIF. Some DeFi projects, such as Jupiter and Jito, have conducted airdrops, allowing pledgers and participants in the Solana ecosystem to earn a lot of money.

In the latter ecological public chain, a number of amazing high-return projects have emerged, such as Celestia, Injective, Neutron, Sei, etc. Recently, some popular projects such as Dymension, Altlayer, etc. have conducted airdrop rewards for Cosmos ecological pledges. Among them, the modular public chain Celestia even With 20 million TIA allocated to Cosmos Hub and Osmosis stakers and IBC relayers, it’s time to look at the airdrop opportunities on Cosmos.

It is worth reminding that in addition to participating in staking some Cosmos ecological tokens, it is also very important to participate in protocol testnet interactions.

Potential airdrop opportunities

Polymer public chain

Polymer Labs is a modular network protocol built on IBC, aiming to achieve a decentralized, secure and permissionless cross-chain network.

In March 2022, Polymer completed a US$3.6 million seed round of financing, led by Distributed Global and North Island Ventures. In April of the same year, Polymer Labs and Celestial reached a cooperation to introduce IBC to Optimistic rollups.

Berachain public chain

Berachain is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK and protected by the Proof of Liquidity consensus mechanism. The test network has recently been launched, and users can receive test coins to experience it.

In April 2023, Berachain completed US$42 million in financing, led by Polychain Capital, OKX Ventures, Hack VC, Dao 5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, former partner of Dragonfly Capital and founder of Celestia Mustafa Al -Bassam, Tendermint co-founder Zaki Manian and 20 other DeFi project founders participated in the investment.

SquidSquid cross-chain trading and liquidity routing protocol

In February 2024, SquidSquid completed a strategic financing of US$4 million, led by Polychain Capital, with participation from Nomad Capital, North Island Ventures, Maelstrom, Chorus One, etc.

Noble Cosmos ecological application chain

Noble is an application chain built specifically for the issuance of native assets in the Cosmos and IBC ecosystems. In October 2023, Noble development company NASD announced the completion of a US$3.3 million seed round of financing, led by Polychain Capital, with participation from Borderless Capital, Circle Ventures, Wintermute Ventures and others.

Initia public chain

Initia is L1 on Cosmos, and although Initia is developed using the Cosmos Software Development Kit (SDK), it will leverage a computing framework called MoveVM based on the Move smart contract language.

In October 2023, it received financial support from Binance Labs in the Pre-Seed round of financing.

Fairblock privacy public chain

Fairblock is built using the Cosmos SDK to make conditional decryption and pre-execution privacy a reality. Conditional decryption refers to allowing users to set conditions that enable the protocol to execute transactions without revealing any on-chain information before execution.

In October 2023, it completed a pre-seed round of financing of US$2.5 million, led by Galileo, with participation from Lemniscap, Dilectic, Robot Ventures, GSR, Chorus One, Dorahacks and Reverie.

Tabi Chain game public chain

In January 2024, GameFi game service platform Tabi (formerly Treasureland) will launch the game blockchain Tabi Chain with EVM compatibility on Cosmos. The testnet will be launched in February this year.

In May 2023, Tabi completed an angel round of financing of US$10 million. Participating investors include Animoca Brands, Binance Labs, Draper Dragon, HashKey Capital, etc. Individual investors include Feng Bo (Dragonfly), Riyad AD (Saudi Arabia) and Suji Yan (Mask Network).

Eclipse Modular Billing Layer

Eclipse is a modular settlement layer that can create custom execution chains by selecting the required consensus and DA layers. Eclipse supports EVM and SVM on the execution environment, and plans to support more virtual machines in the future, while also on the DA layer. Celestia is already supported.

In 2022, Eclipse completed a $15 million Pre-Seed and seed round of financing, of which the earlier $6 million Pre-Seed round was led by Polychain, and the $9 million seed round was jointly led by Tribe Capital and Tabiya.

EigenLayer Ethereum re-pledge protocol

In the short video pinned to the top of its Twitter homepage, there are three words, one of which is Cosmos. Participating in staking ecological tokens still has a chance to obtain its airdrop share.

In March 2023, EigenLabs, the developer of the re-pledge protocol EigenLayer, completed a US$50 million Series A financing, led by Blockchain Capital, with participation from Electric Capital, Polychain Capital, Hack VC, Finality Capital Partner, Coinbase Ventures and IOSG Venture. EigenLabs has previously completed a $14.5 million seed round, led by Polychain Capital and Ethereal Ventures.

Wormhole cross-chain bridge

Recently, Wormhole announced the ZK roadmap. By integrating zero-knowledge proofs, significant progress will be made in the trust assumptions of the Wormhole protocol and the overall interoperability of the blockchain. Over the next few months, ZK light clients for blockchains including Ethereum, Sui, Aptos, NEAR, and Cosmos will be deployed and integrated with Wormhole, enabling trustless two-way data transfer.

In July 2023, Wormhole launched the application chain cross-chain bridge in the Cosmos ecosystem.

In November 2023, Wormhole completed US$225 million in financing at a valuation of US$2.5 billion. There was no leading investor in this round of financing, which was participated by Brevan Howard, Coinbase Ventures, Multicoin Capital, ParaFi, Dilectic, Borderless Capital, Arrington Capital, and Jump Trading. cast. This round of financing is also the largest round of financing for cryptocurrency projects in 2023.

Engagement strategy

Generally speaking, project parties do not have many specific requirements for the number of pledged tokens. For example, Celestia and Altlayer do not have specific amount requirements. But there are exceptions, such as Dymension: stake at least 1 ATOM before the deadline, or stake at least 1 ATOM on Stride. In addition, those who pledge at least 10 OSMO coins will also receive an airdrop. Saga airdrop requirements: The pledged quantity of ATOM is more than 25 coins, the pledged quantity of TIA is more than 23 coins, etc. There are also a small number of protocols that require participation in governance voting activities. Therefore, the safest way is to participate in staking in as many tokens as possible and actively participate in voting.

Staking platform

The existing staking platforms are mainly divided into three categories: wallet staking, ecological liquidity platform staking, and protocol official website staking.

ATOM

Keplr wallet, Leap wallet, liquidity staking protocol Stride or StaFi

TIA

Keplr、Leap、Stride

DYDX

Keplr, Leap, Stride, dYdX Chain V4 official website (https://bridge.dydx.trade/)

OSMO

Keplr, Leap, Stride, Osmosis official website (https://app.osmosis.zone/stake)

INJ

Keplr, Leap, Stride, Injective official website (https://hub.injective.network/staking/)