Since migrating to Arbitrum after the launch of V3, YFX has undergone two iterations and has successfully operated smoothly on Arbitrum for a year. While enjoying Arbitrum’s low fees and high transaction speed, YFX has also felt the enthusiasm of projects within the ecosystem, receiving extensive support, including from the official Arbitrum team.
In the V4 version, YFX has undergone a decentralized transformation and decided to conduct a large-scale airdrop. All users who meet the eligibility criteria can claim YFX tokens on the official YFX website (only Arbitrum gas fees are required, with no other restrictions).
The total estimated airdrop amount is 3,000,000 $YFX, distributed on a first-come, first-served basis until the tokens are depleted. If you miss this round, you can start your journey on YFX.com including trading, adding liquidity, mining and using the referral system to earn rebates. Once you meet the criteria of our engagement requirement, you may receive $YFX airdrops in the next round.
First Airdrop Period: 12:00 (UTC), May 16th, 2024 to 12:00 (UTC) July 16th, 2024.
Eligibility Criteria:
- Arbitrum Traders: Active addresses traded on Arbitrum DEX or Derivative Protocols, such as GMX, GNS, MUX, Vela, Level, Equation,MUX, HMX, KTX, AARK, APX,.etc.
- YFX Partners: Exclusive rewards for YFX partners on Arbitrum
- YFX Traders: Users who have traded on YFX V4
Claiming Process:
1 .Visit www.yfx.com and click the “Airdrop” button at homepage.
2. Connect your wallet and check your claimable amount.
3. Click “Claim” to receive YFX tokens and add them to your wallet.
What you can do with $YFX:
1. Sell it: Of course you can sell it for on Uniswap or Gate.io where $YFX is listed. But we highly recommend you to do more with your tokens before selling them.
2. Trade BTC/ETH: Since YFX V4 allows traders to trade BTC or ETH with $YFX, you can open a position with up to 200x leverage in YFX.
3. Stake $YFX: In our upcoming Earning System, users can stake their $YFX to earn more $YFX.
4. Add Liquidity: In BTC_USD (YFX) Pool and ETH_USD(YFX) Pool, users can add liquidity with up to 200x leverage using their $YFX.
YFX V4 Mining Introduction
YFX V4 will launch its Earning (Token Mining) System on May 23rd, 2024. YFX users can participate in mining through various methods. Users who receive YFX tokens from the airdrop can stake them for mining to earn long-term rewards.
YFX V4 Mining Details: https://yfxdefi.medium.com/yfx-earning-system-grant-opening-at-0-00-utc-may-23rd-2024-04a0e74a247c
More about YFX V4: Introducing YFX V4: The Optimal Solution for Decentralized Perpetual Protocol
Media Links:
Website: www.yfx.com
Telegram: https://t.me/YFX_COM
Others: https://link3.to/yfxcom
