Ambient Finance is a decentralized exchange and AMM that aims to enhance the user's on-chain trading experience by implementing a two-sided market mechanism and constant product market maker algorithm. Although the project has not confirmed the release of the native token yet, there are still large chances of the protocol releasing an Ambient Finance airdrop.
Our team assumes, the main criteria for potential retrodrop will be trading volume on Ambient DEX and liquidity provided to the protocol. Hence, we conducted a step-by-step guide on how to participate in such an event.
To participate in the potential Ambient Finance retrodrop, first, you need to acquire funds on any of the supported networks in your wallet and connect your wallet to the platform.
Our team assumes that farming Ambient XP will be the main criteria for earning potential Ambient Finance airdrop, hence, in this guide, we will focus on the strategies for how you can farm the Ambient XP. According to Ambient Finance’s post, there are going to be no referral points and off-chain actions to farm more XP, hence your attention should be put on the in-app activities.
❗️ Note that you can farm only 250 XP each week, so if you take Ambient airdrop farming seriously, keep doing these activities on repeat every week until the airdrop.
Let’s begin with DEX trading. This is the simplest way of earning points, as it requires the smallest amount of time possible. Go to the swap page, and keep making swaps to get Ambient XP.
However, such an action would require you to spend funds on gas fees and lose some on slippage rates instead of actually capitalizing on Ambient Finance points farming.
Hence, there’s a second option - provide liquidity to any of the pools on Ambient Finance.
This way, you can earn a yield by providing liquidity to the platform while farming Ambient XP. You can also create your own LP if you’d like; however, make sure it gains some popularity on the protocol so you can earn from fees, rather than waiting weeks for users to engage with your pools.
For volatile/stable assets like $ETH/$USDT, we recommend that you not set a tight liquidity range, as even if the price doesn’t go out of range, the number of your $ETH or $USDT will be changing dramatically, which in the end will cause you to lose more from price fluctuations rather than earning from yield. It is also often a great option to deposit funds into the pairs tied by the price with each other, say it’s $rswETH/ETH, where the price impact on your position will be small.
Good Luck! 🍀
Visit the Ambient Finance website and connect your wallet;
Acquire funds in your wallet on any of the support networks;
Explore the rules of points farming on Ambient;
Swap or provide liquidity on Ambient to farm points;
Keep farming up to 250 Ambient XP weekly until the airdrop announcement;
Get your tokens.