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Crypto comes bearing airdrop gifts this holiday season, and as the world strings its lights and the year winds down, our analyst team remains busy in the workshop, filling the sleigh...
We’ve gift-wrapped five of this season’s hottest airdrop opportunities into a convenient newsletter for your enjoyment, curated from the nearly 200 available airdrop opportunities in Airdrop Hunter, our comprehensive hub of airdrop alpha with step-by-step hunting instructions shared exclusively with Bankless Citizens!
Today, we’re recommending 5 airdrops for the month of December. 👇
🏦 EulerDebt
Following the collapse of tokenized yield fund Stream Finance early last month, multiple onchain lending vaults with exposure to the project became insolvent, unable to fulfill lender withdrawal requests once Stream-linked borrower collateral sharply depreciated.
Euler was one of the lending applications impacted by such busts.
In search of a solution for lenders looking to make the most from a bad situation, SeaFi (a vault provider for AVAX and GCP tokens) created a peer-to-peer exchange for distressed Euler vault shares called “EulerDebt.” EulerDebt sellers receive liquidity on their distressed debt, meanwhile, buyers can repurchase debt at a discounted price.
Although EulerDebt has yet to provide a formal indication that it will conduct an airdrop, it remains possible that this newly deployed protocol could move towards a token distribution, potentially by launching a points program.
- Trade Distressed Euler Debt
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