Insightful Insiders Premium #6 - Tokenless Projects Airdropping Soon (time sensitive)

you have 1-3 weeks to farm everything in this newsletter

1/ Magpie - tokenless cross chain bridge

3M in funding with Jump Crypto as the lead

Fairly underfarmed only ~25K Participants, to start ranking you need to do the following:

Claim your NFT - https://www.tideprotocol.xyz/users/spaces/490 , this is required so you can start earning XP which is tied to your wallet profile , make at least 1 swap on Polygon (can be Polygon to Polygon) to be able to mint the NFT

You can check the leaderboard here

Afterwards, you just push txs on either the same chain or bridging to others

Txs on the same chain = 1x multiplier

Bridging to other chains = 1.5x multiplier

You can toggle off other options, so it only uses LayerZero for bridging purposes

Airdrop twitter post

Blog post around airdrop

Some key points about the airdrop in Magpie's Flight (roadmap) for 2024 are:

• After a successful 2023, including the launch of Magpie's private alpha, private beta, and public beta dApp, Magpie aims to double its reach by integrating new blockchains in 2024.

• Q2 sees the launch of stable versions of Magpie dApp, the FLY dashboard, and the Token Generation Event (TGE), along with the integration of new chains and the introduction of Perpetuals.

• Q3 aims to enhance user experience with account abstraction, introduce CEX liquidity aggregation, launch The Magpie mobile app, and commence Magpie Mafia Season 3.

• The final quarter, Q4, focuses on integrating more chains, launching Magpie 2.0 Alpha, and introducing the Liquidity Provision launch with token rewards for Liquidity Providers (LPs) and solvers.

2/ Backpack Exchange - 37M in funding backed Wintermute, and Jump Crypto. If you haven’t realized Jump crypto as a backer = high likelihood of a token (similar to Paradigm) as evident by all of their previous investments

TLDR - The backpack wallet is by the Madlads team (top NFT project on Solana) they also have an exchange trading platform.

The strategy here is to push a large amounts of volume on their platform while using their wallet in certain instances where required.

This will qualify you for Backpack’s airdrop and will also net you some allocation of Tensor ($TSNR) and $WEN (Jupiter memecoin used for their launch pad.

While S1 for backpack specifically is over (ended March 18th) S2 is currently ongoing. The reward period for earning Tensor ends April 6th and for $WEN its April 15th

There are 2 main barriers that prevent this from being easily farmable

1/ To have a Backpack Exchange account you need to pass KYC. There are less traditional methods of passing this such as buying it OTC on TG (I’m not endorsing this, but this is what people do) or you can use something like a Palau digital residency ID, although this entire process will take around 2-3 month in total, so something to note to work towards in the future.

2/ You’ll have to be willing to burn a few hundred dollars in fees in order to rank effectively

For example if you were to deposit $500 and trade up to $100,000 volume, you would expect to pay $100 in taker fees to Backpack. I would aim for a min of 100k - 200k in volume

The counter argument to this is you are expecting any airdrop from the Backpack team to compensate for fees paid. As according to Backpack 'Volume Matters'. You can see your current volume by clicking the Gem icon in the bottom right of the site (see image below).

You can make this less painful by saving money on trading fees by using my ref link here: https://backpack.exchange/refer/insightful

To qualify for $TNSR you need to