# Airdrop Gain

The Airdrop Gain vault is designed to maximize your airdrops through a dual strategy: Earning Layer 2 (L2) airdrops and accessing mainnet DeFi opportunities. Here’s how it works:

1. Deposit Assets: 

* You deposit one or more of the following assets into the Airdrop Gain vault:
  * ETH 
  * stETH (Lido’s LST)
  * ETHx (Stader’s LST)
  * rsETH (Kelp’s LRT)<br>
* The vault receives these assets and processes them for further steps.<br>

2. Issuance of Liquid Tokens:

* Upon depositing, the vault issues a liquid token agETH that represents a claim on the deposited assets. This is an ERC-20 token which is a tradable and usable representation of your staked assets within the vault.<br>

3. Airdrop Optimization:

* The deposited assets are then bridged to partner L2 networks. This bridging allows the assets to be used in L2 ecosystems, which are eligible for various airdrop opportunities.<br>

4. DeFi Deployment:

* Using agETH, the issued liquid token, you deploy them into Pendle, a protocol for DeFi yields on the mainnet.<br>
* Pendle allows you to earn additional yields on your liquid tokens by participating in its DeFi protocols. This adds another layer of potential profit beyond the airdrop benefits.

#### Withdrawals

Users can withdraw assets using the Gain dApp. Follow these steps:

1. Go to 'Withdraw' section and enter the amount of agETH you want to withdraw
2. Click on the 'Withdraw' button to initiate a wallet approval
3. Once approved, your withdrawal request will be placed. The same can be checked under the 'Claim' section.
4. In 3-4 days, your assets with be transferred to your wallet address.

\
Note:&#x20;

* Assets can be withdrawn only as rsETH
* Your claims will be available within 3-4 days of placing the withdrawal request
* All the withdrawal requests that you place within a day will be clubbed together and will be available as a single claim transaction&#x20;

#### Strategy & Target APR

Restaking + Estimated Airdrop rewards

| Positions      | % of total | APR on position  | APR on total |
| -------------- | ---------- | ---------------- | ------------ |
| Aave V3 wsteth | 34.8%      | 12.49%           | 4.35%        |
| Aave V3 eth    | 1.9%       | 8.31%            | 0.16%        |
| Morpho         | 2.0%       | 20.25%           | 0.40%        |
| Zircuit        | 51.2%      | 9.22%            | 4.72%        |
| Karak          | 9.5%       | 13.87%           | 1.32%        |
| Unused         | 0.5%       | 4.10%            | 0.02%        |
|                |            | **APR on vault** | 10.98%\*     |

\*Kelp Miles and Infra points are additional. Airdrop reward estimation is through [Rumpel](https://www.rumpel.xyz/)<br>

| Positions      | % of total | APR on position  | APR on total |
| -------------- | ---------- | ---------------- | ------------ |
| Aave V3 wsteth | 34.83%     | 12.490%          | 4.35%        |
| Aave V3 eth    | 1.93%      | 8.315%           | 0.16%        |
| Morpho         | 2.0%       | 20.25%           | 0.40%        |
| Zircuit        | 51%        | 4.50%            | 2.30%        |
| Karak          | 9.55%      | 4.50%            | 0.43%        |
| Unused         | 0.52%      | 4.50%            | 0.02%        |
|                |            | **APR on vault** | 7.67%\*      |

\*Kelp Miles and Infra points are additional

#### Vault Partners:

1. Strategy Partner: Cluster Capital (Tulipa)
2. Infra Partner: August
3. L2 Partners: Scroll, Karak, Linea
4. DeFi: Pendle, Balancer, Uniswap

#### Technical Details:

Smart contracts:

1. [ERC-4626 vault ](https://etherscan.io/address/0xe1B4d34E8754600962Cd944B535180Bd758E6c2e/)
2. [LRT Adaptor contract ](https://etherscan.io/address/0xdabc97cb4eef6fe685ca1c82429d127998c95cca#code)
3. Subaccount contracts:
   1. [Subaccount 1<br>](https://etherscan.io/address/0x4DCb388488622e47683EAd1a147947140a31e485)

Audits:&#x20;

Detailed audit reports are  available [here](https://docs.augustdigital.io/smart-contracts/risks-and-audits)

Disclaimer:

Read the detailed disclaimer [here](https://docs.google.com/document/d/1KnAvqWDWXr-GpU3c1g_CtQU6y1fpxX9oaGRcrx4lcWQ/edit)

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