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Cryptocurrency News Articles

Claiming the Indigo Protocol Airdrop: Get Paid to Borrow Bitcoin

Aug 01, 2024 at 09:29 pm

Indigo Protocol, in collaboration with Lido, offers a unique airdrop campaign that rewards users with stETH for borrowing Bitcoin. This guide provides a step-by-step process to participate in this innovative program.

Claiming the Indigo Protocol Airdrop: Get Paid to Borrow Bitcoin

**Claiming the Indigo Protocol Airdrop: A Comprehensive Guide**

Greetings, fellow crypto enthusiasts!

Today, we embark on an exciting adventure to claim the highly anticipated airdrop from Indigo Protocol, a cutting-edge protocol that aims to enhance Bitcoin's utility. This airdrop offers a unique opportunity to acquire stETH (staked Ether) as a reward for borrowing Bitcoin.

To ensure a seamless experience, we've compiled a comprehensive step-by-step guide that will lead you through the entire process. So, without further ado, let's dive right in!

**Step 1: Understanding the Basics**

Before we begin, it's crucial to grasp the fundamental concepts underpinning this airdrop. Indigo Protocol has partnered with Lido to offer stETH as a reward for users who borrow Bitcoin. The airdrop snapshot was taken on March 28, 2023, at a specific block height. To be eligible, you must have had a minimum borrowing balance of 0.001 BTC on the snapshot date.

**Step 2: Commencing the Airdrop Claim**

Now that we're clear on the basics, let's initiate the airdrop claim. Follow these simple instructions:

1. Visit the official Indigo Protocol website.

2. On the homepage, locate the "Airdrop" section and click on the "Claim Now" button.

3. You'll be redirected to a page where you can connect your wallet. Choose your preferred wallet (e.g., MetaMask, Ledger) and click on the "Connect" button.

4. Once your wallet is connected, the page will automatically scan your wallet address to determine your eligibility. If you meet the requirements, you'll see a message indicating the amount of stETH you're entitled to receive.

5. To complete the claim, click on the "Claim Airdrop" button and follow the subsequent prompts. Your stETH will be credited to your wallet shortly after.

**Step 3: Verifying Your Airdrop Rewards**

Once you've successfully claimed your airdrop, it's advisable to double-check and verify that you've received the correct amount of stETH. To do this, you can use a block explorer like Etherscan.

1. Visit Etherscan and enter your wallet address in the search bar.

2. Click on the "ERC-20 Token Txns" tab to view a list of all ERC-20 tokens in your wallet, including stETH.

3. Locate the recent transaction that corresponds to the airdrop andを確認 the amount of stETH credited to your wallet.

**Step 4: Securing Your Airdrop Tokens**

Finally, to safeguard your newly acquired airdrop tokens, we strongly recommend transferring them to a secure hardware wallet like Ledger or Trezor. This extra layer of security will protect your crypto assets from potential online threats.

**Conclusion**

Congratulations! By following these clear and concise steps, you've successfully claimed your airdrop from Indigo Protocol. As a valued member of the crypto community, we encourage you to continue exploring and maximizing your rewards through various airdrop campaigns.

Stay tuned for more informative guides on how to claim the latest and greatest airdrops in the crypto sphere. Together, let's uncover a world of opportunities and amplify our crypto experiences to the fullest!

News source:medium.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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