What potential airdrop opportunities can be obtained by pledging TIA as the ‘best profit strategy’ in the new bull market?

What potential airdrop opportunities can be unlocked by staking TIA as the optimal profit strategy in the emerging bull market?

Combining the business model of Celestia, it can be seen that TIA has many application scenarios, and as the mainstream project of the Cosmos ecosystem, Celestia will definitely not abandon the staking and earning airdrop model.

Original author: Kaori

Celestia is a modular blockchain project that focuses on data availability. Recently, its native token TIA has shown strong price movements. 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. Today, the price has decreased by 4.3% in the 24-hour period. TIA currently has a market capitalization of $1.677 billion and ranks 44th among cryptocurrencies.

Combining Celestia’s business model, it can be seen that TIA has many application scenarios. Users can stake TIA to participate in consensus and protect Celestia. The more valuable the token, the more secure the network. In addition, developers can use TIA as Gas to launch Rollup. And as the mainstream project of the Cosmos ecosystem, Celestia will definitely not abandon the staking and earning airdrop model.

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As the popularity of the Cosmos ecosystem rises, there has been a discussion in the community about staking TIA and indicating that Celestia’s ecosystem projects will distribute airdrops to TIA stakers in the future. Combined with the traditional approach of the Cosmos ecosystem and Celestia’s airdrop distribution method, perhaps next year there will be a batch of projects adopting this method to distribute airdrops. Therefore, BlockBeats has compiled the TIA staking process for readers’ reference, and has also sorted out projects in the Celestia ecosystem where TIA staking can provide potential airdrop opportunities.

How to Stake TIA?

Celestia’s official website provides two ways to stake TIA, which are Keplr Wallet Channel and Leap Wallet Channel. As of the time of writing, the APR for both staking methods is 16.98% and 16.13% respectively.

Staking TIA using Keplr Wallet

1. Open the Keplr Wallet Staked interface and select Stake with Keplr Dashboard;

2. If there are TIA tokens in the wallet, you can see the Celestia staking option, click the “Stake” button;

3. Select the Celestia network and choose a validator;

4. As an example, choose Coinbase Cloud as the validator, enter the amount of TIA tokens you want to stake, and select Stake;

5. If everything is normal, after confirming the transaction, you can view rewards, cancel staking, re-delegate, or stake additional tokens on the Celestia staking interface.

Stake TIA using Leap Wallet

The second official staking method is to use the Leap Wallet.

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

2. Click on TIA Stake and select a validator. In this example, we’ll use Coinbase Cloud. Search for Coinbase Cloud validator and click on it;

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

What are the potential airdrop opportunities? Berachain

Berachain is a high-performance EVM-compatible blockchain built on the liquidity proof-of-stake consensus. By combining the native Cosmos consensus mechanism, Tendermint, with its own liquidity proof-of-stake (Proof of Liquidity), and adopting Celestia as the DA layer, Berachain is able to provide faster transaction speeds, lower transaction costs, and instant finality.

In April this year, Berachain completed a $42 million financing round, with Polychain Capital leading the investment and Hack VC, dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, and OKX Ventures also participating.

Berachain deviates from the traditional single native token economic model commonly used by public chains. The team believes that each decentralized economy should have three crucial components:

The first is a medium of pricing and execution (Gas), used to price work units and execute them through smart contracts; the second is a medium of consensus and decision-making (Governance), used for democratic functionality, organization, and consensus-building; and the third is a medium of transaction through common stable denominations (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 overcollateralized stablecoin pegged to the US dollar. $HONEY is the Money of the Berachain ecosystem and is the payment method used to reward stakers with protocol income. It is overcollateralized by at least 150% to ensure it is tied to the US dollar.

This economic model is referred to as “Tri-Token” by the development team, which assigns unique roles to each token to encourage long-term usage and maintain 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, and it is also the largest ecosystem network on the Celestia infrastructure. Its mainnet Alpha version was launched on September 12th this year.

Currently, the roadmap released by Manta Network shows that there will be four stages before the mainnet launch, which includes Manta LianGuaicific Alpha version, Manta LianGuaicific Alpha II, integration with Celestia DA, Manta LianGuaicific Beta transitioning to zkEVM, and finally the Manta LianGuaicific mainnet where Manta LianGuaicific will further upgrade its general circuits to achieve lower gas costs.

Eclipse

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

In 2022, Eclipse completed a $15 million Pre-Seed and Seed funding round, with an earlier $6 million Pre-Seed round led by Polychain and a $9 million Seed round 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 completing ZK fraud proof with RISC Zero. In addition, the official announcement stated that the mainnet is expected to go live before 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, led by Distributed Global and North Island Ventures. In April of the same year, Polymer Labs collaborated with Celestial to introduce IBC into Optimistic rollups.

In addition to the ecosystem projects closely related to Celestia mentioned above, you can find more ecosystem projects at https://celestia.org/ecosystem/.

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