Bull Market Fortune Guide What Potential Airdrop Opportunities Can be Obtained by Pledging TIA?

Unlocking Airdrop Possibilities Maximizing Your Fortune in the Bull Market by Pledging TIA

is a modular blockchain project focused on data availability. Recently, its native token TIA has shown strong price performance. According to CoinGecko data, as of the time of writing, the price of TIA is $11.5, with a 123.7% increase in the past month. The price has slightly decreased today, with a 4.3% drop in the past 24 hours. TIA currently has a market capitalization of $1.677 billion, ranking 44th among cryptocurrencies.

Considering Celestia’s business model, TIA has many potential use cases. Users can stake TIA to participate in consensus and protect Celestia. The more valuable the token, the more secure the network becomes. Additionally, developers can use TIA as gas to launch Rollups. As Celestia is a mainstream project in the Cosmos ecosystem, it is unlikely to abandon the staking model for earning airdrops.

With the rising popularity of the Cosmos ecosystem, there has been discussion in the community about staking TIA and the potential future airdrops in Celestia’s ecosystem. Taking into account the traditional approach in the Cosmos ecosystem and Celestia’s airdrop distribution method, it is possible that there will be a batch of projects next year adopting this method for airdrop distribution. Therefore, BlockBeats has compiled the TIA staking process for reference and identified projects within Celestia’s ecosystem that provide potential airdrop opportunities.

How to Stake TIA?

Celestia’s official website provides two ways to stake TIA: Keplr wallet channel and Leap wallet channel. As of the time of writing, the APRs (Annual Percentage Rates) for these two staking options are 16.98% and 16.13%, respectively.

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Staking TIA with Keplr wallet:

1. Open the Keplr wallet Staked interface and select “Stake with Keplr Dashboard”;

2. If you have TIA in your wallet, you will see the Celestia staking option. Click the “Stake” button;

3. Select the Celestia network and choose a validator;

4. In this example, we will choose Coinbase Cloud as the validator. Enter the amount of TIA tokens you want to stake and select “Stake”;

5. If everything is normal, you can check the rewards, cancel the stake, redelegate, or stake additional tokens on the Celestia staking interface after confirming the transaction.

Staking TIA using Leap Wallet

The second official staking method is using the Leap wallet.

1. In the Leap plugin, click on the top right corner and select the Celestia network to enter the Stake interface;

2. Click on TIA Stake and select a validator. Here, let’s use Coinbase Cloud as an example. Search for Coinbase Cloud validator and click on it;

3. Enter the amount of TIA you want to stake, then click “Review” to confirm the transaction.

What are the potential airdrop opportunities?

Berachain

Berachain is a high-performance EVM-compatible blockchain built on the proof of liquidity consensus, which combines the native consensus mechanism Tendermint of Cosmos with its own proof of liquidity. It adopts Celestia as the DA layer, providing faster transaction speed, lower transaction costs, and instant finality.

In April this year, Berachain completed a $42 million financing round, led by Polychain Capital and participated by Hack VC, dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, and OKX Ventures.

Berachain abandons the commonly used single-native token economic model in traditional public chains. The team believes that every decentralized economy should have three main components vital to its operation:

Firstly, a medium for pricing and executing (Gas) to price work units and execute them through smart contracts; secondly, a medium for consensus and decision-making (Governance) to organize democracy and reach consensus and decisions; thirdly, a medium for transactions using a stable face value (Stability).

Therefore, Berachain uses the corresponding Tri-Token economic model:

1. $BERA: Berachain’s Gas Token.

2. $BGT: Berachain’s Governance Token, used to vote on new whitelist assets. $BGT is non-transferable and can only be obtained by staking $BERA, ensuring long-term consistency for users.

3. $HONEY: Berachain’s native over-collateralized USD stablecoin. $HONEY is the Money of the Berachain ecosystem, serving as the payment method for protocol income distributed to stakers. It will be over-collateralized by at least 150% to ensure its peg to the USD.

This economic model, dubbed the “Tri-Token” by the development team, assigns unique roles to each token to incentivize long-term usage and consistent on-chain liquidity.

Manta LianGuaicific

Manta Network is a modular blockchain based on ZK applications, and Manta LianGuaicific is a modular L2 ecosystem for EVM-native ZK applications and dApps. It is also the largest ecosystem network on the Celestia infrastructure, with its mainnet Alpha version launching on September 12th this year.

According to the roadmap released by Manta Network, there will be four stages before the mainnet launch, namely Manta LianGuaicific Alpha version, Manta LianGuaicific Alpha II, integration with Celestia DA; Manta LianGuaicific Beta, transitioning to zkEVM; and finally, the Manta LianGuaicific mainnet will further upgrade the universal circuit to achieve lower gas costs.

Eclipse

Eclipse is a modular settlement layer that allows for the creation of custom execution chains by selecting the desired consensus and DA layer. Eclipse supports EVM and SVM on its execution environment and plans to support more virtual machines in the future. It already supports Celestia on the DA layer and may support protocols such as Eigen DA and Avail in the future.

In 2022, Eclipse completed a $15 million Pre-Seed and Seed funding round. The earlier $6 million Pre-Seed round was led by Polychain, while the $9 million Seed round was co-led by Tribe Capital and Tabiya.

In September of this year, Eclipse released its mainnet architecture, utilizing Ethereum as the settlement layer, running the Solana Virtual Machine (SVM) as the execution environment, publishing data to Celestia for scalable DA, and achieving ZK fraud proofs through RISC Zero. Additionally, the official statement mentioned that the mainnet is expected to launch by the end of this year.

Polymer Labs

Polymer Labs is a modular network protocol built on IBC, aiming to achieve decentralized, secure, and permissionless cross-chain networks. In March 2022, Polymer announced the completion of a $3.6 million seed funding round, with Distributed Global and North Island Ventures leading the investment. In April of the same year, Polymer Labs partnered with Celestial to introduce IBC into Optimistic rollups.

In addition to the aforementioned ecosystem projects closely tied to Celestia, more ecosystem projects can be found at https://celestia.org/ecosystem/.

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