Original Title: "Hot Airdrop New Paradigm Participation Strategy"

Original Author: Biteye Core Contributor Crush

Original Source: Biteye Community

New Paradigm is a liquidity incentive activity within the Manta public chain's Manta ecosystem, similar to the recent Blur's Blast liquidity mining. Users can stake their funds to receive future token airdrop rewards.

(Note: The Manta public chain is the first built on Celeasita's ETH L2.)

Compared to Blast, New Paradigm's advantages lie in its rich ecosystem projects and a shorter break-even period, with users potentially receiving token airdrops as early as January 2024.

Furthermore, the Manta public chain itself has received a $60 million investment from top-tier institutions such as Binance Labs and Polychain Capital, reaching a $500 million primary market valuation.

01 Expected Rewards

The expected rewards of the activity include the following parts:

1. After cross-chain ETH and USDC to the Manta ecosystem, similar to Blast, even if the assets are idle, around 5% interest will continuously accrue;

2. Stake assets to participate in the activity and receive future token airdrops;

3. Participate in interactions with Manta ecosystem projects to receive potential airdrop opportunities from the projects themselves;

4. After staking ETH and USDC, use the received Stone and wUSDM to participate in Manta ecosystem projects, such as lending projects, to receive the benefits provided by the projects themselves.

02 Gameplay Explanation

Basic Logic

Total Rewards: 3% (Basic Reward) + 2% (Extra Reward) + 1.5% (Ecosystem Reward) = 6.5%

Users stake ETH or USDC to receive mystery box fragment rewards, which can be exchanged for mystery boxes. The NFTs obtained by opening the mystery boxes can be exchanged for future token airdrops.

Initial Reward

High-quality users can receive a varying number of blind box shards as an initial reward based on their own ratings.

If there is an initial reward available and you wish to receive it, you will need to deposit 0.25 ETH or the equivalent in USDC to activate your wallet and receive an invitation code.

If there is no initial reward, you will need to deposit a minimum of 0.01 ETH or the equivalent in USDC to activate your wallet and receive an invitation code.

Reward Calculation

By staking 1 ETH, users can receive 25 blind box shards as a reward every 7 days. 25 blind box shards can be used to craft 1 blind box, which may contain 1 NFT.

Please note that this event is different from Blast. Due to the short event duration and funding stoppage in January, the possibility of collecting 1 NFT by extending the timeline with small funds is slim.

Invitation System

After the first recharge, users can obtain 8 invitation codes. The inviter and invitee form a group, and when the group's funds reach 5E, they can receive an additional 5 invitation codes. Upon reaching 20E, they can get 1 permanent invitation code.

Inviters can receive rewards at two levels, 16% and 8% respectively. For example, A invites B, B invites C, A can receive 16% from B and 8% from C to enhance the spread of the event.

Acceleration and Efficiency Bonus

If a user's initial asset entry is relatively high, the 7-day waiting period will be reduced, and they may even directly receive the first week's shard reward. However, the acceleration effect can only be used once.

The more funds a group stakes, the greater the bonus of blind box shards they will receive per period.

Additional Rewards

The default 3% reward is allocated to holders of 6 types of NFTs. To receive an additional 2% bonus, users can combine the 6 types of NFTs they have acquired into a super rare NFT. Holders of the super rare NFT can receive a 2% token bonus.

The 6 types of NFTs can be obtained either by participating in the event to open blind boxes or by buying and selling them on the market.

Furthermore, users interacting with Manta ecosystem projects (Dex, Lending, providing LP, etc.) can receive a 1.5% token bonus. See the link below for Manta ecosystem projects.

https://manta.network/ecosystem.html

Key Dates

As early as January 2024, users can swap their earned NFTs for token rewards;

69 days after receiving the token rewards, users can unlock and withdraw staked ETH and USDC from the Manta ecosystem.

03 Specific Operations

https://newparadigm.manta.network/?inviteCode=LGDCE

Join the Event

Use the above Biteye invitation link to access the event page, join the Biteye group, and receive exclusive additional rewards

· Half of the referral reward goes to group members

· Biteye has received an official Grant of 25,871 $Manta tokens, of which 25%-50% will be given to group members as an incentive

· More benefits coming soon

Click on "Join Now" on the event page to participate in the event.

Bind Twitter, connect your wallet, and confirm the initial reward.

Activate Initial Reward

If there is an initial reward, the following congratulations interface will appear. Deposit the corresponding funds to activate the reward.

If there is no initial reward, the following interface will appear, prompting the user to switch wallets and try again.

The funds here are transferred from the mainnet to the Manta Network. When depositing funds, pay attention to the mainnet gas fees.

ETH will become Stone after deposit, and USDC will become wUSDM. If there is a lack of gas for future interactions, you can use a third-party bridge to cross to the Manta Network, which will save on gas fees.

Note that to participate in the event, you must deposit funds through the event page to receive blind box fragments. However, for subsequent interactions within the Manta ecosystem requiring gas, you can use a third-party bridge for cross-chain transactions.

Low Gas Fee Cross-chain, you can use the Mini Bridge link below with the lowest fee.

https://minibridge.chaineye.tools/

Activity Interface Overview

Here, due to a deposit of less than 1 ETH, only 0.27 ETH is available, so the cycle time of 7 days is extended to (1/0.27) x 7 = 25.9 days, which is approximately 25 days and 22 hours for one cycle.

In other words, users can receive 6 fragments per week, and after 25 days and 22 hours, the fragments can be used to craft a blind box.

This is also why it is mentioned above that if the funds are too small, it may not be possible to craft a blind box before the end, but below, some aggressive strategies will be introduced to help small funds speed up this process; of course, the risk is higher, so choose according to your personal situation.

Strategy Introduction

Stable Play (Buy Stone + LP + Borrowing)

After depositing ETH, many users, in order to withdraw their funds for more aggressive operations, may sell the Stone in their hands. At this point, the Stone price will definitely decouple from ETH, but as assets unlock in the future, the Stone price is highly likely to gradually stabilize with ETH. We buy Stone at a low price and wait for a stable rise.

(https://dexscreener.com/manta/0x02b25ffb7269fc167f8959de9a1bcd4213c06aaf)

As shown in the above chart, the current price of Stone is only 0.89 ETH. Buy now and wait for the price to return to 1 ETH.

At the same time, after depositing ETH, we can also take the received Stone to Quickswap to provide LP for fee income, or deposit the funds into the Layerbank lending platform to receive borrowing rewards, as well as an additional 1.5% ecological reward provided by Manta.

(https://quickswap.exchange)

(https://manta.layerbank.finance/)

Aggressive Play (Sell Stone and Reinvest in ETH)

Sell Stone directly for ETH on Quickswap, bridge out, reinvest, and leverage a small fund to earn more shard rewards.

However, please note that due to continuous selling of Stone, there is already a depreciation of nearly 11% here. If you believe that future airdrops will not cover this depreciation, it is not recommended to proceed with this operation.

Original Article Link

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