Deposit funds into Superform to get a potential airdrop!
Superform
Progress mission: 0 of 3
Rewards
Rewards
TBA
Past rewards
$500 $24,200
Details
Minimal cost
~$20
Minimum deposit
$500
Time required
20 min.
Category
Mainnet
Rating
7/10
Risk
Medium
The Superform team raised $6,500,000, supported by top funds like Polychain Capital. This backing shows strong investor confidence. Superform didn’t get a lot of attention when compared to deposit campaigns by other projects. With less than 40,000 current users, the potential rewards might be bigger.
Information
According to this tweet, if you have deposited into Morpho vaults on Superform, you may have been earning $MORPHO and other tokens.
Pros & Cons
Why is it worth it?
Strong Funding
Superform has successfully raised $6.5 million from reputable investors, indicating strong financial backing and potential for growth.
Multiple Opportunities
Ease of Use
Participating in Superform is straightforward, mainly involving depositing funds.
Low User Base
With fewer than 40,000 users as of May 2024, Superform’s user base is small compared to other deposit-based protocols, which may give you bigger rewards.
XP System
You’ll earn XP for depositing funds on Superform, which suggests a high chance of an airdrop.
Risks to consider
Uncertainty regarding Incentives
The lack of confirmation about a token from the Superform team means that participation might be in vain.
User Interface Complexity
The platform's user interface may appear complex to beginners, potentially hindering their participation.
Minimum Investment Requirement
You need to deposit a minimum of $500 to make participation worthwhile, which could be a barrier if you have limited capital.
Funds Lock-up
In order to participate you need to lock your funds up for an indefinite amount of time.
Security Risks
As with any platform that involves depositing funds, there is a risk of losing funds due to potential platform vulnerabilities, such as hacks or other security breaches.
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.
- Understand Deposits: Deposits are key in Superform. By depositing, you earn XP and unlock the Superform Safari campaign.
- Mint Superfrens: Through your activities, you can mint Superfrens. These give you XP boosts which are helpful for progressing faster.
- Participate in Multiple Opportunities: While engaging with Superform, you can also participate in LayerZero, Hyperlane, Socket, and LiFi.
- Consider Your Deposit Amount: The average deposit by users is around $460. If you deposit more than this, you might place yourself in a better position to receive greater rewards.