How to get rewarded in WEB3, WITHOUT Flipping NFTs 💰💰
🧵🪡 ⬇️ Thread
In this thread I will highlight how I have been rewarded using 3 things:
• Decentralized Protocols
• Decentralized Autonomous Organization (DAOs)
• Gitcoin Grants Donation
Decentralized Protocol
I use @Rocket_Pool to stake my ETH in exchange for rETH (Rocket ETH) ⛏
• Current APY is 4.39%
• Permission-less
• Collateral backed
🔑 Key Takeaway: If you’re holding ETH longterm, consider staking some for yield.
It could be a better move than that degen-play 😉
Alpha: You can stake as little as .01 ETH
DAO PARTICIPATION
Rewarded by @optimismFND token with over $500 in $OP for voting.
You can participate in a DAO as a voting member or signatory.
Alpha: Protocols & platforms will continue to reward web3 users based off their wallet history and participation in Web3
🔑 Key Takeaway: Web3 has normalized rewards retroactively based off wallet-history.
ie
• @LooksRare & @the_x2y2 both rewarded existing wallets based off their @opensea activity
• @optimismFND rewarded a targeted audience of “most likely to be users” based on wallet activity
GITCOIN DONATION
Gitcoin Grants allow web3 users to help shape the space into its potential. You can help speed up the process for the technology you believe in.
Alpha: Donating can be rewarding without receiving anything back as it funds public goods that are priceless
🔑 Key takeaway: Donating to Gitcoin can help expedite solutions to web3. You may also be eligible for future airdrops and rewards for contributing.
Optimism L2 reward criteria based on 6 wallet interactions which could end up being a standard for Web3 moving forward
Criteria Breakdown
Retroactively Reward wallet of:
• One-time users
• Active users
• People participating in community (DAO)
• Trusted leadership positions in web3 (Signatory)
• Contribute to public goods via open source funding (Gitcoin)
• Users of competing platform
It’s rewarding to be early and it pays to be involved. If you enjoyed this thread please RT and share 🙏🏼
I’m on @AllOfUsRadio hosted by @lorelordnft and @brittyslitty Mon-Thurs 6pm pst come chill with us!
#threddie #allofus #web3 #ethpreneur #nfts #dao #layer2
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