Solana: A Step-by-Step Guide to Farm the Zeta Airdrop
Posted on December 26, 2023
TL;DR: Quick Guide to Engaging with Zeta Markets Airdrop
- Set Up a Solana Wallet: Choose from popular options like Phantom Wallet, Solflare, or Backpack to interact with Zeta Markets.
- Deposit USDC: Head over to Zeta Markets and deposit USDC into your account to start trading.
- Trade on Zeta Markets: Navigate to the "Trade" section, select a contract, set a reasonable leverage, and open a position to begin earning Z-Score points. Remember volume is key.
- Optional: Enhance Your Z-Score with a Zeta Card NFT: Purchase a Zeta Card NFT to double your Z-Score for 7 days upon destruction, maximizing your airdrop potential.
- Monitor Your Trading Volume and Z-Score: Your total trading volume influences your Z-Score. Engage in frequent trading to accumulate points, even with a smaller portfolio. Check your Z-Score and ranking on the Zeta Markets leaderboard.
- Practice Safe Trading: Set "Take Profit" and "Stop Loss" orders, monitor your positions closely, and never invest more than you can afford to lose.
Zeta Markets, a decentralized trading protocol developed on the Solana blockchain, is making waves in the crypto world. With a Total Value Locked (TVL) of approximately $12 million, it ranks 24th among protocols with the most locked funds on the Solana network. But what's got every airdrop farmoor excited is the Zeta airdrop. Let's dive into the details!
The Zeta Airdrop
Zeta Markets has launched an incentive program, the Zeta airdrop, to reward its most active users. The protocol has introduced a point system, the "Z-Score", which can be earned by trading on Zeta Markets. The more you trade, the more Z-Score you earn, and the higher your chances of bagging the Zeta airdrop. Sounds like a fun game, doesn't it? The first season almost end, but there will be others.
How to Be Eligible for the Zeta Airdrop: A Step-by-Step Guide
Step 1: Set Up Your Solana Wallet
To interact with Zeta Markets, you need a Solana wallet. You can choose from popular options like Phantom Wallet, Solflare, or Backpack. Once you've installed your Solana wallet, head over to the Zeta Markets platform.
Step 2: Deposit USDC
Before you can start trading, you need to deposit USDC into your Zeta Markets account.
Step 3: Trade on Zeta Markets
Once your USDC is deposited, head over to the "Trade" section. Here, you can select the contract of your choice and fill in the necessary details to open a position. Make sure to set a reasonnable leverage to avoid liquidations.
Optional : Buy a Zeta Card NFT on Tensor
To maximize your Z-Score, consider buying a "Zeta Card", the native NFT of Zeta Markets. Owning a Zeta Card doubles your Z-Score for 7 days when you destroy it from your Zeta Markets account.
Important Tips for the Zeta Airdrop
Your Z-Score is based on your total trading volume. If you don't have a large portfolio, you can still earn points by opening and closing trades multiple times a day. You can check your ranking and Z-Score on the Zeta Markets leaderboard.
Remember, the crypto world is a wild ride, and while the Zeta airdrop is an exciting opportunity, it's essential to practice safe trading. Always keep an eye on your positions, set up "Take Profit" and "Stop Loss" parameters, and never invest more than you can afford to lose.
Ready, Set, Farm!
Congratulations, airdrop farmoor! You're now ready to farm the Zeta airdrop on the Solana blockchain. Keep an eye on the Zeta Markets Twitter account and Discord server for important updates. Happy farming, and may your Z-Score be ever in your favor!