LSDs are gaining popularity due to their capacity to improve Bitcoin functioning. With it, users can earn very important APRs ranging from 15 to 60%.
Apart from this, entering into these protocols might lead you to have tokens like $JTO or $ENA 2.0. In this article, you will explore five top LSDs projects and outline their airdrop strategies.
1) Bounce Bit
With Bounce Bit, users can lock liquidity and receive points that they can sell over the counter or at the launch stage. Recently, Binance Labs put money into this project, showing that there is very good potential in it.
BounceBit introduces its concept of 𝑳𝒊𝒒𝒖𝒊𝒅 𝑪𝒖𝒔𝒕𝒐𝒅𝒚, enabling staked assets to stay liquid & providing more accessible yield-generating opportunities.
Details in the following thread 🧵👇 pic.twitter.com/30iV4NswOO
— BounceBit (@bounce_bit) April 16, 2024
To enter into an airdrop, clients must connect their X accounts and wallets, and deposit assets in BSC/ETH networks. This way, and by referring people, they will be able to claim points.
2) Mezo Network
Mezo Network supports EVM dapps and uses BTC for fee payments. It’s backed by reputable investors such as Hack VC, Mulcoin Capital, and Pantera Capital. Also, this initiative raised $21 million.
Why Bitcoin?
• Seal-tight security ✅
• Dominates mindshare ✅
• Supreme leader of liquidity ✅
• Towers over markets in price & market cap ✅It’s about time Bitcoin had an Economic Layer.
For deeper look at Mezo ⬇️https://t.co/jIimIyVNSp
— Mezo (@MezoNetwork) April 15, 2024
To participate in the airdrop, users need to join Discord by an invitation code. Also, users need to deposit BTC and choose a lock period.
3) Building on Bob
Build on Bob is the first L2 solution for BTC that combines the liquidity and security of BTC & ETH. The company raised $10 million from investors such as Castle Capital, IOSG, and CMS.
1/
To the #Bitcoin enthusiasts: It's time for more.
Imagine earning yield on your $BTC, borrowing against it, trading #Ordinals seamlessly, all w/ the security of #Bitcoin & the flexibility of #Ethereum.
That's @build_on_bob. pic.twitter.com/blgi3qegi1
— BOB | Build On Bitcoin (@build_on_bob) April 16, 2024
To participate in the airdrop, users need to connect their wallet and X accounts. Then, deposit their tokens with Boost based on the token deposited.
4) BSquared Network
BSquared Network is a Bitcoin layer-2 solution that uses zero-knowledge proof verification to execute transactions. They raised $3 million from Asian venture capitalists.
B² Mainnet Discovery is Underway!
To welcome the impending mainnet launch and commemorate the upcoming Bitcoin Halving, the team has prepared a series of events for the B² family with confirmed airdrops:
🟧 B² Ecosystem Discovery with @okapixyz
🟧 BTC GPT Co-creation with… pic.twitter.com/GjvstUlqeY— B² Network | BTC Layer2 (@BSquaredNetwork) April 16, 2024
To participate in their airdrop, users need to add B2 Network to their wallet, and then download B2 Wallet Proxy. Finally, they need to test tokens from a faucet by completing tasks and locking funds in the platform.
5) Merlin Layer 2
Merlin Layer 2 is an ecosystem L2 launchpad, featuring LSD protocols on Bitcoin. They have been funding different projects through IDOs with more than 300 influencers within their base.
We're making Bitcoin fun, again! 😏🟧
Together with @MerlinLayer2, we're launching $USDb: the world’s first high-yield synthetic dollar on Bitcoin.
Aiming to bring the benefits of accessible crypto investment to everyone!
This collaboration merges Umoja's cutting-edge… pic.twitter.com/DM8tXHDkcM
— Umoja (@UmojaProtocol) April 16, 2024
To participate in their airdrop, users need to link their wallets through deposits, making sure they pay a transaction fee while staking Bitcoins.
Bitcoin’s Layer 2 solutions are getting better every day thus providing more alternatives for users to stake and receive rewards.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
