One fish, two eats. How to get the airdrop from Backpack and Hyperliquid?

Author: Leshka.eth

Compiler: Deep Tide TechFlow

The bear season of the bull market is still ongoing, and so far, I have received airdrops worth $120,000.

There may be 2 potential upcoming airdrops: Backpack and Hyperliquid. This article outlines my strategy in hopes of obtaining $HYPR and $PACK airdrops.

Backpack is one of the fastest-growing exchanges on the Solana blockchain, featuring its own wallet and an OG NFT collection called "Mad Lads."

Backpack has attracted $37 million in investments from Wintermute, Placeholder, Robot Ventures, and other leading funds.

Recently, Backpack exchange has conducted several airdrops for users who actively trade on the platform. Users received varying amounts of:

• Wormhole: $W

• Tensor: $TNSR

• Parcl: $PRCL

We will hedge our positions on Hyperliquid using a delta-neutral strategy to ensure zero loss, only incurring platform fees.

This way, we can interact on both platforms and receive 2 airdrops at once.

First, we need to complete the registration process on Backpack,

• Visit the link to register: https://backpack.exchange/refer/c9d363fa-6577-4cf3-8f37-52afdcef656f

• Connect your wallet

• Complete KYC verification

After this, you will be able to deposit funds into your account and start trading.

After that, we can proceed to deposit on HyperLiquid:

• Go to the website: app.hyperliquid.xyz/join/LESHKA

• Connect your EVM wallet on the Arbitrum network

• Deposit into your account

To minimize risk, we will open positions with 1x leverage:

• Short any token on HyperLiquid

• Buy the same amount of the same token on Backpack

You won’t lose any tokens during a downturn, nor will you gain proportionally during an upturn, only incurring fee expenses.

If you want to increase trading volume on both exchanges, you can use higher leverage on HyperLiquid.

To balance the position, buy back tokens on Backpack equal to the size of your short position.

We will set up two tier-one airdrops with minimal fees, each with trading volumes exceeding $1 billion, thriving in their respective fields. We have three weeks left to accumulate HyperLiquid points to qualify for the upcoming Backpack season.