Bridge through Bungee and use the refuel option to be eligible for the potential airdrop!
Bungee Exchange
DeFi
Bungee Exchange
Progress mission: 0 of 3
Rewards
Rewards
TBA
Past rewards
$400 $11,000
Details
Minimal cost
~$20
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Medium
Benefits of using Bungee include the chance for an airdrop (as there isn’t a Bungee token yet), less competition, and strong backing from big investors. But, their plans for becoming decentralized aren’t clear (only mentioned in a Tweet).
The main way of participation in Bungee is bridging, therefore you need to use around $500 to perform bridges. If you’d like to get into the top 2,000 addresses, which can be considered a decent spot - you will need 50 transactions across 8 different chains, with a total of $25,000 volume.
Pros & Cons
Why is it worth it?
Tokenless Protocol
There isn’t a Bungee token just yet, so there might be an airdrop in the future.
Fewer Users
Not much hype means less competition and potentially bigger rewards for those who participate.
Strong Funding
Received $5 million from top-level venture capital firms, showing financial strength.
Risks to consider
Vague Decentralization
Only a Tweet hints at a Bungee airdrop, so plans for decentralization (token airdrop) are unclear.
Funds Required
You’ll need to use around $500 for transactions and bridging activities, in order to generate enough volume.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximize your chances of benefiting from this opportunity.
- Bridging and Refueling: Your primary mission in Bungee is bridging assets between blockchains, particularly when combined with the refuel gas feature. Getting a high volume of transactions through bridging will help you qualify for potential airdrops.
- Repeat Bridge Mission: It's advisable to regularly repeat the Bungee bridge mission, preferably on a weekly basis, to maintain activity and eligibility.
- Explore Different Ecosystems: You’ll benefit from engaging with various blockchain ecosystems. You can also use the Bungee refuel gas option to cover transaction fees on different chains.
- Be Above Average: To be in the top 2k wallets, you should try to get above 50 transactions with 8 different chain destinations. It’s best to use $500 per transaction to generate volume. Doing it this way will get you $25,000 volume, which can be considered high.