I recently discovered the potential of EtherFi, which allows me to farm multiple airdrops simultaneously. With just one ETH, I’ve managed to farm five different airdrops at once. In this article, I’ll share my experience and guide you through the process. Even in 2024, airdrops can be a lucrative opportunity if approached smartly. This guide will make your airdrop farming journey straightforward and effective. We’ll focus on farming multiple airdrops at once: Mitosis, EtherFi, Linea, Eigenlayer, and TurtleClub.
Additionally, by substituting Linea with the Scroll blockchain, you can still farm all five airdrops simultaneously.
We’ll discuss the potential returns on investment (ROI), the associated risks, and why I believe this is one of the best airdrop strategies available today.
What is Mitosis?
Mitosis is an Ecosystem-Owned Liquidity (EOL) layer1 blockchain designed to support the creation of modular blockchains, helping them capture Total Value Locked (TVL) of 82 Million USD (as of July 12, 2023) and attract users through its unique governance process.
At its core, Mitosis is a cross-chain liquidity protocol that facilitates asset transfers between different networks. One of its primary assets includes Liquidity Routing Tokens (LRTs), which it supports extensively.
Mitosis stands out as a scalable cross-chain liquidity protocol, offering secure and capital-efficient interoperability. This allows users and developers to navigate the blockchain landscape without the typical barriers between networks and ecosystems.
With a significant SEED funding of $7 million from top investors such as Amber, Foresight Ventures, GSR, Big Brain Holdings, Citizens, and Everystake Capital, Mitosis is well-positioned for growth and innovation.
Currently, you can farm Mitosis by restaking your weETH on supported blockchains like Linea, Scroll, ETH, Blast, Mode and earning points in the process.
I am personally farming Mitosis on Linea blockchain.
Who Should Farm Mitosis?
If you have idle ETH sitting in your wallet, now is an excellent time to use it to farm Mitosis and multiple airdrops. With low gas fees on the ETH network, it’s an opportune moment to start. I recommend this strategy if you have at least $1000 worth of ETH (approximately 0.34 ETH at the current rate) to invest. However please know there are smart contract and depeg risks.
How to Farm Mitosis Along with 4 Other Platforms: The 5-in-1 Strategy
First, ensure you have ETH on the ETH network. Follow these steps:
- Stake on EtherFi: Stake your ETH on the EtherFi platform to receive eETH.
- Wrap eETH: Convert your eETH to weETH.
- Bridge weETH: Use a bridge such as Stargate or Jumper.Fi to transfer your weETH to the blockchain where you wish to farm. I recommend farming on Linea or Scroll. To farm Mitosis on the Linea blockchain, you’ll need to move weETH to the Scroll blockchain.
- Stake on Mitosis: Visit the Mitosis website and stake your weETH. From the moment you stake, you’ll start earning points and become eligible for multiple airdrops.
Bonus Tip and Invitation Codes to Farm Mitosis
Use this Mitosis invitation code to get a 15% bonus on your points every day: 1ZAXSH.
Alternatively, you can visit this direct link to get started.
Maximizing Your Airdrop Earnings
Additionally, sign up with the same wallet on Turtle.club. Once Mitosis is integrated into the Turtle app, you’ll earn points and bonus points, boosting your allocation and qualifying you for the Turtle airdrop upon its launch. Note that you don’t need to invest any additional capital to farm Turtle; participation in other airdrops with this wallet will automatically earn you points on Turtle.club.
Here’s my Turtle.club invitation code: RBOOST.
Summary of Mitosis 5 in 1 Airdrop Opportunities
By farming Mitosis, you position yourself to earn the following airdrops:
- EtherFi Season 3 Airdrop (5% ETHFI token airdrop)
- Mitosis Airdrop
- Eigenlayer Airdrop
- Linea or Scroll Airdrop (depending on the blockchain you farm on)
- Turtle.club Airdrop
Mitosis Airdrop Expectations (Expected ROI)
If you invest 1 ETH (approximately $3300) to farm Mitosis for 3 months, here’s what you can expect in terms of returns:
- EtherFi Season 3 Airdrop: $100
- Mitosis Airdrop: $750
- Eigenlayer Airdrop: $50
- Linea or Scroll Airdrop: $750
- Turtle.Club Airdrop: $100
Total Return: $1750
This equates to an ROI of a little over 50% in just 3 months, translating to an annual return of approximately 200%.
While a 200% annual return might not be life-changing, it’s certainly a decent and achievable gain with this strategy.
Additional Opportunities
There are many other airdrops you can farm using EtherFi weETH besides Mitosis. I’ll cover these opportunities in future articles.
Final Tips for Farming the Mitosis Airdrop
To maximize your rewards while farming Mitosis, here are some additional tips:
- Connect Social Media: Link your Twitter and Discord accounts to Mitosis and actively collect as many roles and points as possible.
- Daily Check-ins: Log in every day to accumulate additional points.
- Engage on Social Media: Write posts about Mitosis on social media and share the links on the EtherFi Discord. This can help you gain followers and potentially earn rewards if your content is well-received. The EtherFi Discord community is very active and supportive.
- Preferred Blockchains: When staking your EtherFi ETH weETH, consider using the Scroll or Linea blockchains. Staking on Scroll will earn you 1.3x Mitosis points, while staking on Linea will earn you 1.2x points.
By following these tips and the strategy outlined, you can optimize your returns from the Mitosis airdrop and other associated airdrops. Happy farming!
