What are the potential airdrop opportunities from staking TIA in the "best yield strategy" of the new bull market?
Combining Celestia's business model, it can be found that TIA has many application scenarios, and as a mainstream project in the Cosmos ecosystem, Celestia will certainly not abandon the model of staking to earn airdrops.Author: kaori
Celestia is a modular blockchain project focused on data availability. Recently, its native token TIA has shown strong price performance. According to CoinGecko data, as of the time of writing, the price of TIA is $11.5, with a monthly increase of 123.7%. Today's price has decreased, with a 24-hour drop of 4.3%. TIA currently has a market capitalization of $1.677 billion, ranking 44th in the cryptocurrency space.
Related reading: 《A Quick Overview of the Design Advantages of Modular Blockchain Celestia and the Market Potential of TIA Token》
Combining Celestia's business model, it can be seen that TIA has many application scenarios. Users can stake TIA to participate in consensus and secure Celestia; the more valuable the token, the more secure the network becomes. Additionally, developers can use TIA as Gas to launch Rollups; as a mainstream project in the Cosmos ecosystem, Celestia will certainly not abandon the model of staking to earn airdrops.
As the popularity of the Cosmos ecosystem rises, discussions about staking TIA have emerged in the community, indicating that projects within the Celestia ecosystem will likely distribute airdrops for TIA staking in the future. Given the traditional practices of the Cosmos ecosystem and the airdrop distribution methods of Celestia, it is possible that a number of projects will adopt this method for airdrop distribution next year. Therefore, BlockBeats has compiled the TIA staking process for readers' reference and has also outlined projects within the Celestia ecosystem where TIA can be staked for potential airdrop opportunities.
How to Stake TIA?
The official Celestia website provides two ways to stake TIA: through the Keplr wallet channel and the Leap wallet channel; as of the time of writing, the APR for both staking methods is 16.98% and 16.13%, respectively.
Staking TIA Using Keplr Wallet
- Open the Staked interface in the Keplr wallet and select Stake with Keplr Dashboard;
- If there is TIA in the wallet, you will see the Celestia staking option; click the "Stake" button;
- Select the Celestia network and choose a validator;
- Here, we take selecting Coinbase Cloud as the Validator as an example. Enter the amount of TIA you want to stake and select Stake;
- If everything goes well, after confirming the transaction, you can view rewards, un-stake, re-delegate, or stake additional tokens on the Celestia staking interface.
Staking TIA Using Leap Wallet
The second official staking method is to use the Leap wallet.
- In the Leap plugin, click the top right corner to select the Celestia network and enter the Stake interface;
- Click TIA Stake and select a validator. Here, we again take Coinbase Cloud as an example, search for the Coinbase Cloud validator, and click;
- Enter the amount of TIA you want to stake, then click "Review" to confirm the transaction.
What Are the Potential Airdrop Opportunities?
Berachain
Berachain is a high-performance EVM-compatible blockchain built on a proof of liquidity consensus. By combining the native consensus mechanism of Cosmos, Tendermint, with its own proof of liquidity, and using Celestia as the DA layer, it can provide faster transaction speeds, lower transaction costs, and instant finality.
In April of this year, Berachain completed a $42 million funding round, led by Polychain Capital, with participation from Hack VC, dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, and OKX Ventures.
Related reading: 《Unveiling Berachain: How Did It Raise $42 Million?》
Berachain discards the traditional single-native token economic model commonly used by public chains. Its team believes that every decentralized economy should have three main components that are crucial for its operation:
The first is a medium for pricing and execution (Gas), used to price work units and execute tasks via smart contracts; the second is a medium for consensus and decision-making (governance), used to organize and reach consensus and decisions democratically; the third is a medium for trading through a jointly stabilized denomination (stable).
Therefore, Berachain uses a corresponding Tri-Token economic model:
$BERA: The Gas Token of Berachain.
$BGT: The governance Token of Berachain, which can vote on new whitelisted assets. $BGT is non-transferable and can only be obtained by staking $BERA, ensuring long-term consistency for users.
$HONEY: The native over-collateralized USD stablecoin of Berachain. $HONEY is the money of the Berachain ecosystem and is the payment method for protocol revenue distributed to stakers. It will be over-collateralized by at least 150% to ensure its peg to the USD.
This economic model is referred to by the development team as "Tri-Token," assigning unique roles to each token to encourage long-term use and maintain consistent on-chain liquidity.
Manta Pacific
Manta Network is a modular blockchain based on ZK applications, and Manta Pacific is a modular L2 ecosystem designed for EVM-native ZK applications and dApps. It is also the largest ecological network on Celestia facilities, having launched its mainnet Alpha version on September 12 of this year.
Currently, the roadmap released by Manta Network shows that before launching the mainnet, it will go through four phases: Manta Pacific Alpha version, Manta Pacific Alpha II, integration with Celestia DA; Manta Pacific Beta, transitioning to zkEVM; and finally for the Manta Pacific mainnet, Manta Pacific will further upgrade its universal circuit to achieve lower gas costs.
Eclipse
Eclipse is a modular settlement layer that allows for the creation of custom execution chains by selecting the desired consensus and DA layers. Eclipse supports EVM and SVM in the execution environment and plans to support more virtual machines in the future, while already supporting Celestia in the DA layer, with potential future support for protocols like Eigen DA and Avail.
In 2022, Eclipse completed $15 million in Pre-Seed and Seed funding rounds, with the earlier $6 million Pre-Seed round led by Polychain and the $9 million Seed round co-led by Tribe Capital and Tabiya.
In September of this year, Eclipse released its mainnet architecture, utilizing Ethereum as the settlement layer, running the Solana Virtual Machine (SVM) as the execution environment, publishing data to Celestia for scalable DA, and completing ZK fraud proofs through RISC Zero. Additionally, the official announcement stated that the mainnet is expected to go live by the end of this year.
Polymer Labs
Polymer Labs is a modular network protocol built on IBC, aimed at achieving a decentralized, secure, and permissionless cross-chain network. In March 2022, Polymer announced the completion of a $3.6 million Seed funding round, led by Distributed Global and North Island Ventures. In April of the same year, Polymer Labs partnered with Celestial to bring IBC into Optimistic rollups.
In addition to the above ecosystem projects closely related to Celestia, more ecosystem projects can be found at https://celestia.org/ecosystem/.
