Renzo Airdrop

[cryptoaddictchie]

Let's look at an example:
 

• you open YT-eETH position on pendle with an initial capital of $500 that gives you a position of 2.5ETH.
  
• Now, you earned points as if you're staking ETH directly on their protocol which is around 10k (base) EtherFi points per ETH so that's like 25K points per day earned
• Your $500 trends to 0 and will be 0 at maturity

.


So you earn points faster but only at the expense of burning your precious ETH.

I get it now thanks. I am doing a pendle on zircuit and remove some of my position staked to do other protocol. I think Im in a considerable position already at 9k points with pendle in the inclusion I am aiming for 15k to 20k points. Anyway I thimk zircuit will launch around July based on their latest tweet of 75% prior to mainnet.

[Mpamaegbu]

~

I don't actually like to participate in such an annoying project trying to make claiming difficult for participatants.

The annoying part of it is when projects would allow people mine for several months without telling them ab initio what chain they would list on. If from the beginning I know a project is listing on something like ETH, I always avoid that no matter how promising it's.

The success of a cryptocurrency project depends on so many factors.

The major factor to the best of my knowledge is community. If a project has a strong community backing it, it hardly fails. That's what we've with Bitcoin. We find that too with Dogecoin, XRP, Shib, and even the latest one – Notcoin. Community will hype any project and more cash will flow in that direction as investment. Such action will strengthen the project the more.

[nelson4lov]

~Snipped

So you earn points faster but only at the expense of burning your precious ETH.

I get it now thanks. I am doing a pendle on zircuit and remove some of my position staked to do other protocol. I think Im in a considerable position already at 9k points with pendle in the inclusion I am aiming for 15k to 20k points. Anyway I thimk zircuit will launch around July based on their latest tweet of 75% prior to mainnet.

Glad I could help. You have 9k points on Zircuit all from just vanilla staking your ETH?  That's a high in my books considering 1 vanilla ETH (non LRT/LST ETH) earns around 12 points per day while ETH from pendle and LRT/LRT earns 24 Zircuit points per day. I have about 40 days until maturity and currently at 6.5K points — my target is around 10K to 12K points. So at least some rewards from Zircuit will go into offsetting some of the losses from YT.

[cryptoaddictchie]

Glad I could help. You have 9k points on Zircuit all from just vanilla staking your ETH?  That's a high in my books considering 1 vanilla ETH (non LRT/LST ETH) earns around 12 points per day while ETH from pendle and LRT/LRT earns 24 Zircuit points per day. I have about 40 days until maturity and currently at 6.5K points — my target is around 10K to 12K points. So at least some rewards from Zircuit will go into offsetting some of the losses from YT.

Well I am doing zircuit the very first day they posted their campaign. So prettt sure thats why Ive gained a lot of points. Also doing the renzo airdrop that time and ezeth was included on their line up so I just parked it there. The same thing when ena usde supported Ive also send my usde there to gain more points. My target is around 18k to 20k zircuit and I hope by the the already reached this goal. My assumption is they will launch on late July to early August. Using the lrt has advantage can farm 2 or 3 tokens at once just taking advantage of opportunity.

[nelson4lov]

Glad I could help. You have 9k points on Zircuit all from just vanilla staking your ETH?  That's a high in my books considering 1 vanilla ETH (non LRT/LST ETH) earns around 12 points per day while ETH from pendle and LRT/LRT earns 24 Zircuit points per day. I have about 40 days until maturity and currently at 6.5K points — my target is around 10K to 12K points. So at least some rewards from Zircuit will go into offsetting some of the losses from YT.

Well I am doing zircuit the very first day they posted their campaign. So prettt sure thats why Ive gained a lot of points. Also doing the renzo airdrop that time and ezeth was included on their line up so I just parked it there. The same thing when ena usde supported Ive also send my usde there to gain more points. My target is around 18k to 20k zircuit and I hope by the the already reached this goal. My assumption is they will launch on late July to early August. Using the lrt has advantage can farm 2 or 3 tokens at once just taking advantage of opportunity.

Definitely — I agree. The fact that Zircuit allows LRT tokens means that you can just park your LRT tokens there to earn 2-for-1 drops (3 if you count EigenLayer via eETH, ezETH or rsETH). I only joined Zircuit < 30 days ago that's why I'm quite confident that I will hit the 10-15K market before their TGE in July-August. I'll prefer TGE in Juli because anything farther than that means more dilution.

Here's a dashboard to track how many Zircuit points have been earned so far + there's a simulation where you can input your points earned and points earned per day to see some results. Do keep it mind that the sheet creator made it with very optimistic estimations: https://docs.google.com/spreadsheets/d/1fbssrYKsxSd9mKDuwAKjMwXwGRMxdVyZiFATj6X1vT0/edit#gid=1901550110

I'm usually pessimistic for points based drops so I don't get surprised. Assume linear with Zircuit too