Perform some transactions on Timeswap to increase your chances for a potential airdrop
Timeswap
Progress mission: 0 of 4
Rewards
Rewards
TBA
Past rewards
$1,400 $9,400
Details
Minimal cost
~$30
Minimum deposit
$200
Time required
15 min.
Category
Mainnet
Rating
5/10
Risk
Medium
When considering the volume and TVL of the protocol, Timeswap appears to be an opportunity with low competition. The protocol has around $11 million in TVL and fewer than 3000 users. Impressively, its volume has surged from $200k to $134 million. Allocating around $200, plus gas fees, to participate in this opportunity could be beneficial.
However, active participation is crucial. You should regularly reallocate your funds to incentivized pools, focusing on those that offer rewards in points. This activity should ideally be done weekly for optimal results.
It's important to note that this frequent activity can be time-consuming. Additionally, Timeswap hasn't disclosed how much money they have raised, which might raise concerns about their financial transparency.
Overall, Timeswap is an excellent option for those who can stay regularly involved. The TGE and rewards from certain pools are significant advantages. Yet, the need for frequent activity and the lack of clear funding information are important considerations.
Pros & Cons
Why is it worth it?
Less Competition
Small user base and daily volume make it easier to participate.
Varied Features
Offers borrowing, lending, and liquidity, useful for optimal results.
Upcoming TGE
TGE planned for Q1 2024, opportunity for users to accumulate points.
Reputable Backing
Support from known investors indicates stability and trust.
Risks to consider
Active Involvement
Requires regular, time-consuming user engagement.
Funds Unclear
Lack of disclosure on total funds raised raises transparency concerns.
How to participate?
Every type of opportunity has its common rules. Following these closely can significantly increase your chances of qualifying for the potential rewards. Here is a list of recommendations from our team designed to maximize your chances of benefiting from this opportunity.
- Timeswap's Low Competition: Timeswap has about 3000 daily users and a daily volume of around $134m. Moreover, the TVL is around $11m, with pool TVL ranging from $200k to $600k. This indicates that there's relatively low competition, and small, regular transactions should be sufficient for participation. You should allocate around $200 to participate in this opportunity, plus gas fees. These $200 will be in pools and you’ll be able to withdraw them. However there’s a risk of losing part of it, as you’ll deal with volatile pool.
- Using All Timeswap Functions: It's important to use all of Timeswap's features, including borrowing, lending, and providing liquidity. These activities should be used equally for the best results. There is no official data regarding how much you should interact, but you can aim for $10,000 of borrowing/lending volume.
- Regular Weekly Activities: Engage in Timeswap activities weekly, rotating between borrowing, lending, and providing liquidity. This consistent involvement is key.
- Focus on Incentivized Pools: When using Timeswap, concentrate on pools that offer incentives, as these are the ones that reward users with points. Avoid pools that don't offer such incentives.
- Preparation for Timeswap's Token Event: The Token Generation Event (TGE) for Timeswap's token is planned for the first quarter of 2024. This is a good time to accumulate as many points as possible, enhancing your potential benefits from the event.