Solana airdrop season is here! In this guide, we’re focusing on the much-anticipated BlazeStake (also known as Solblaze) airdrop. BlazeStake, renowned as the 5th largest protocol on Solana with a Total Value Locked (TVL) exceeding $278.02 million, offers a decentralized staking platform where users can stake SOL to earn yields. As of 11th December, Solblaze has more than 2.6m SOL staked on its platform. As the potential $BLAZE token airdrop is garnering significant attention among Solana enthusiasts, user engagement is increasing with every second.
This guide is part of our ongoing series, where we’ve already explored eight upcoming Solana airdrop opportunities and provided comprehensive guides for two of them: the MarginFi Airdrop and the DriftFi Protocol.
These guides are valuable resources, and we encourage you to invest some time reading them and taking action if you plan to participate in these airdrops.
Typically, completing the steps for each airdrop takes between 15 to 30 minutes.
Now, let’s shift our focus back to the BlazeStake airdrop. Before we delve into the specifics, it’s important to gain a deeper understanding of the BlazeStake staking platform and its offerings.
What is Blazestake?
BlazeStake is a non-custodial Solana staking protocol that enhances the decentralization of the Solana network by distributing staked SOL across a wide range of validators while offering users BlazeStake Staked SOL (bSOL) tokens for use in DeFi applications.
It stands out for its large validator set, use of official Solana Labs smart contracts, and unique features like Custom Liquid Staking, referral programs, and ecosystem-supportive airdrops, all aimed at optimizing rewards and strengthening the Solana ecosystem.
Now that we have learned about the Blazestake platform, let’s proceed with a concise, step-by-step guide to qualify for the $BLAZE airdrop.
BlazeStake Airdrop: Key Requirements and Potential Risks
Essential Participation Requirements
- Solana Wallet: A Solana-compatible wallet, such as Phantom, is necessary.
- Funds Needed: Participants should have Solana (SOL) or USDC, with a minimum recommendation of 1 SOL (up to 10 SOL or more for greater benefits) and enough SOL to cover transaction fees. For this guide, 6 SOLs will be used.
Risks of Participating in the Airdrop
- Smart Contract Risk: Engaging with the SolBlaze Protocol (like swapping or liquidity provision) poses a risk of smart contract vulnerabilities, potentially leading to fund loss. Use a dedicated Solana wallet with an amount of SOL you’re willing to risk to limit potential losses.
- Airdrop Uncertainty: There’s no official confirmation from the BlazeStake team about the airdrop, raising the possibility of its cancellation or replacement with other methods like direct listing or IDO. This could result in the loss of gas fees and time without receiving the airdrop.
Proceed with the airdrop guide only if you fully understand and accept these risks and requirements.
Ultimate Blazestake Airdrop Guide: Steps to Earn Free $Blaze Tokens
To qualify for the forthcoming $Blaze token airdrop, interaction with the platform is required. Assuming you already have SOL in your Solana wallet, let’s proceed to the first step.
Click on the image below which will take you to the airdrop page. The link will open in a new window. Follow our steps, and complete the airdrop requirement with us in less than 15 minutes.
Step 1: Staking Your Solana
Begin by connecting your wallet to the platform and staking your SOL. Upon staking on BlazeStake, you will receive bSOL tokens in your Solana wallet. You have the option to instantly unstake your bSOL, although this might result in receiving a lesser amount of SOL compared to the delayed unstake option. For those needing immediate access to their funds, the recommended approach is to utilize the swap feature to convert bSOL back to SOL.
Step 2: Add Liquidity
Click on the Defi button, and add liquidity to bSol pairs: Sol-bSol. There are various options available but I recommend going with Kamino.finance as this would be interacting with Kamino.Finance platform, for which you may be eligible for $Kamino tokens. However, if you want to go with the highest APY, you may choose Hawksight.
Step 3: Refer
Click on the Refer button, and create your referral link. Start writing threads on Twitter or blog posts like the one you reading now, or make videos, or share the link directly with friends to start earning additional rewards. Get started with the Blazestake airdrop by going to the link below
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