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Grug Capital – Grug (Finally) Teaches Us MEV (S6E12)
Flirting with Models
Air Drops in DeFi: Token Distribution and Governance
Air drops in DeFi are events where a crypto protocol gives out tokens to users based on their prior use of the product. It is a method of bootstrapping community and instantiating governance. Users with a certain amount of tokens can utilize them to vote on proposals. This aligns with the decentralization narrative of DeFi. Strategies for finding air drop opportunities include looking for protocols that are well funded by top tier VCs, capture a large amount of flow, and have a significant user base. To maximize opportunities and avoid being identified as a civil attacker, it is important to make accounts look like regular DeFi users, avoid cross contamination, and not commingle funds. This can be done systematically, although it used to be done manually. Overall, air drops offer long-term potential and should be approached cautiously.
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