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)

• The vault receives these assets and processes them for further steps.

1. 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.

1. 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.

1. DeFi Deployment:

• Using agETH, the issued liquid token, you deploy them into Pendle, a protocol for DeFi yields on the mainnet.

• 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:

• Assets can be withdrawn only as rsETH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

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

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

2. LRT Adaptor contract

3. Subaccount contracts:

   1. Subaccount 1

Audits:

Detailed audit reports are available here

Disclaimer:

Read the detailed disclaimer here