Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

avatar
深潮TechFlow
1 months ago
This article is approximately 350 words,and reading the entire article takes about 1 minutes
This article describes the following strategy in the hope of obtaining $HYPR and $PACK airdrops.

Original author: Leshka.eth

Original translation: TechFlow

The bull short season is ongoing and so far I have received $120,000 worth of airdrops.

There are now 2 possible next airdrops: Backpack and Hyperliquid. This article describes my strategy to hopefully get the $HYPR and $PACK airdrops.

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

Backpack is one of the fastest growing exchanges on the Solana blockchain, with its own wallet and OG NFT collection called “Mad Lads.”

Backpack has attracted $37 million in investment from Wintermute , Placeholder , Robot Ventures and other leading funds.

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

Recently, Backpack exchange conducted several airdrops for users who actively trade on the platform. Users received varying amounts of:

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

We will hedge our positions on Hyperliquid , using a Delta Neutral strategy to ensure zero losses, paying only platform fees.

This way, we can achieve interaction on both platforms and get 2 airdrops at once.

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

We first need to complete the registration process on Backpack.

  • Visit the link to register: https://backpack.exchange/refer/c9d363fa-6577-4cf3-8f37-52afdcef656f

  • Connect your wallet

  • Conduct KYC verification

After this, you will be able to deposit funds into your account and start trading.

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

After this, we can proceed with our HyperLiquid deposit:

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

To minimize risk, we will open a position with 1x leverage:

  • Open a short position with any token on HyperLiquid

  • Buy the same token for the same amount on Backpack

You won’t lose any tokens on a dip, nor will you gain proportionally on an uptick, you’ll only incur fees.

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

If you want to increase your trading volume on both exchanges, you can use higher leverage on HyperLiquid

To balance your position, buy back tokens on Backpack that are equal to the size of your short position.

We will be deploying two level 1 airdrops with minimal fees, each of which will trade over $1 billion and thrive in their respective fields. We still have three weeks to accumulate HyperLiquid Points to qualify for the upcoming Backpack season.

Kill two birds with one stone: A guide to getting Backpack and Hyperliquid airdrops

Original link

Original article, author:深潮TechFlow。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

Recommended Reading
Editor’s Picks