Malda Airdrop Guide: Step By Step Guide to Participate in the Airdrop

Disclaimer

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch. Users should conduct their own research and exercise caution before investing or signing any transactions. CoinMarketCap is not responsible for any losses or damages that may result from using this information. Never invest more than you can afford to lose.

This guide will provide a comprehensive overview of the Malda Airdrop, including participation steps, key features, and essential information about the protocol.

What is Malda?

Malda, previously known as Mendi Finance, is a next-generation DeFi protocol designed to enhance the crypto lending landscape. It leverages Unified Liquidity Lending to consolidate liquidity from Ethereum and Layer 2 networks into a single pool. This unification enhances both efficiency and user experience, enabling seamless borrowing and lending across different platforms.

Key Features of Malda

1. Unified Liquidity Lending: By combining assets from Ethereum and Layer 2 networks, Malda offers a single pool that simplifies the lending process.
2. zkCoprocessor Technology: This advanced technology ensures the security and scalability of the platform through the use of zero-knowledge proofs (zkProofs).
3. Malda Awakening Testnet: This testnet allows users to explore the platform's features while earning points and exclusive non-fungible tokens (NFTs).

The Malda Airdrop

The Malda Airdrop is a token distribution initiative designed to reward users for their participation in the Malda ecosystem. This program focuses on integrating liquidity lending across Ethereum and Layer 2 networks

Important Aspects of the Malda Airdrop

• Liquidity Integration: Addresses liquidity fragmentation by consolidating assets into a single lending pool.
• Testnet Participation: Users engage with the Malda Awakening Testnet to earn points and limited-edition NFTs through various activities.
• Reward Opportunities: Users accumulate Malda Points by completing tasks, which may lead to future token rewards upon the protocol's launch.
• Community Engagement: Connecting wallets to the Malda testnet portal and completing tasks increases eligibility for airdrop rewards.

Participating in the Malda Airdrop involves several steps. The following guide will help you navigate the process effectively.

Step 1: Claim Your NFT

Step 2: Prepare for Testnet Participation

• Obtain test ETH tokens on the Ethereum, Linea, and Optimism Sepolia networks. These tokens will be necessary to pay transaction fees.
• If you already have test tokens on Ethereum Sepolia, you can bridge them to Linea and Optimism, eliminating the need to request them from faucets.

Step 3: Acquire Test Tokens

• Navigate to the faucet site where you can request test tokens.

Step 4: Engage with the Malda Testnet

• Visit the Malda testnet platform and connect your wallet.

• Click on the Supply feature and start by supplying USDC tokens on all three networks.
• Then, supply wstETH tokens similarly.

• Use the Borrow feature to borrow tokens. Repeat this with six different tokens, borrowing 20-40% of the amount you supplied.

• Make sure to engage with the Withdraw and Repay functionalities to complete your transactions.

Step 5: Confirm Task Completion

• Ensure that you verify that all tasks required on the Galxe platform are completed.

Important Notes

• The Malda testnet features two types of tasks: open tasks with clear requirements and hidden tasks that may be more challenging to complete.
• Participants will receive tiered NFTs based on their contributions to Galxe tasks, which can enhance the Malda Points you earn.

By following these straightforward steps, you'll successfully participate in the Malda Airdrop and increase your chances of earning valuable rewards!

Tokenomics

Total Supply

The total supply of Malda tokens is designed to support the various functionalities of the protocol, including liquidity provision, governance, and user rewards.

Listing Date and Token Generation Event (TGE)

To stay updated on the Malda Airdrop, it is essential to keep track of the listing date and the Token Generation Event (TGE).

Listing Date

The listing date for Malda tokens is yet to be officially announced. Interested participants should monitor official channels for updates regarding the launch of the token on various exchanges.

Token Generation Event (TGE)

Conclusion

The Malda Airdrop offers a unique opportunity for users to engage with an innovative DeFi protocol while potentially earning valuable rewards. By participating in the Malda Awakening Testnet and completing tasks, users can familiarize themselves with the platform and increase their chances of receiving airdropped tokens upon the protocol's official launch.

As always, it is important to stay informed about the latest developments within the Malda ecosystem to make the most out of this opportunity.