How to Farm Syrup Airdrop with Enkrypt
Farming the Syrup airdrop is easier than ever thanks to this article. Follow the instructions in our guide for farming Syrup in order to qualify for the upcoming Syrup airdrop!
Time to complete farm: ~10 minutes
Cost: $10
Are you ready to farm the highly anticipated Syrup airdrop but don’t know where to start? You don’t need to be a crypto expert to potentially qualify for a Syrup airdrop. Follow the guide below to learn how to do it in just a few easy steps!
‘Airdrops’ are a way for a project to distribute its tokens or coins to a large number of wallet addresses, often for free or as a reward. Airdrops usually serve a promotional purpose, with the aim of increasing awareness, user adoption, and the distribution of a new cryptocurrency. To potentially qualify for future airdrops, you can hold a certain token, sign up for a specific service, or support a project. While airdrops create excitement and reward loyalty, be cautious and research the project and team to avoid potential scams.
Read this easy guide for a chance at qualifying for a future Syrup Airdrop and to gain an advantage on the rest of the farmers! This is for informational purposes and not financial advice. Always do your own research.
*Again, the following guide is not financial advice. Always do your own research. *
First things first - you’ll need a wallet that supports Syrup, like Enkrypt. For help installing and setting up Enkrypt, click here.
Head to syrup.fi. Click on "Enter App" on the top right corner of the page.
Click on "Connect Wallet".
Select "Enkrypt".
Once connected, it should look like the screenshot below.
Enter in how much you want to deposit and for how long you're committing the funds for. The longer you lock-up your funds, the more "Drips" you earn.
"Drips" is Syrup Finance's unique points system. The more Drips you earn, the bigger your airdrop allocation will be! Once you've decided how long to lockup your $USDC for, click on "Review".
Double-check that you selected the correct lock-up period by looking at when your commitment period ends. Click on "Deposit USDC" when you're ready.
You're set and earning Drips! Lets explore.
Click on "Portfolio" on the navigational bar.
Here you'll be able to see how many Drips you've earned, along with the dollar amount, and how much your total balance is.
You can also use this page to withdraw by clicking on "Withdraw".
Clicking on "Drips" on the navigational bar will take you to the page below where you can see your Drips earned per day, multiplier, and whether a withdrawal is available or not.
There are also FAQs regarding Drips below.
Click on "Details" on the navigational bar. Here you'll be able to see the current APY % along with other data like the collateralisation ratio, along with exactly how the collateral is split between assets.
Once you've deposited USDC into the protocol, you're earning Drips and eligible for the airdrop. Congrats, and happy farming!