The world of Decentralized Finance (DeFi) is constantly evolving, presenting new opportunities. Among them, airdrops from promising projects have garnered significant attention, offering rewards to early participants.
This article focuses on the airdrop, specifically Season 2, conducted by Plum Network, a project pioneering a new horizon in cross-chain DeFi. Understanding this information is not only about deepening your cryptocurrency knowledge but also about taking the first step towards seizing new reward opportunities through practical participation in the DeFi ecosystem.
However, the terms “airdrop” and “DeFi” might evoke a sense of needing complex expertise. This article objectively and clearly explains the core of the Plum Network Airdrop and provides specific strategies for efficiently earning points, even without prior specialized knowledge.
What is Plum Network? A New Horizon in Cross-Chain DeFi
Plum Network is a project aiming to provide seamless asset transfer and DeFi services across different blockchains. Unlike traditional DeFi, often limited to specific blockchains, Plum Network features cross-chain compatibility, aiming to allow a wider range of users to participate in the DeFi ecosystem.
Its main features include decentralized exchange (DEX) functionality, asset lending and borrowing, and liquidity provision. This allows users to integratively manage and utilize assets on various blockchains within the Plum Network.
Airdrops are a common method for new projects to build communities and incentivize early users. Plum Network’s airdrop aims to activate the ecosystem and decentralize its token. Points and badges earned through participation may lead to future rewards (such as token distribution) and provide opportunities to enhance your experience in the DeFi field.
Plum Network Airdrop Season 2: Basic Knowledge and Prerequisites
Plum Network Airdrop Season 2 is a program that awards points based on contributions to the Plum Network ecosystem, leading to future rewards. Participation is relatively easy, but some prerequisites and basic understanding are necessary.
- Requirements:
- A Web3-compatible wallet (e.g., MetaMask or other EVM-compatible wallet)
- A small amount of cryptocurrency (approximately $10 is recommended for gas fees and task execution).
- Role of Points and Badges:
Points earned in the airdrop are an important indicator that may influence the amount of future token distribution. Badges awarded for completing specific tasks serve as proof of activity and may lead to additional incentives.
Detailed Airdrop Quests: Basic Operations to Earn Points
This section details the specific basic operations to earn points in Plum Network Airdrop Season 2. Each operation is a fundamental DeFi activity; practicing them will deepen your understanding of the Plum Network ecosystem.
Completing New Quizzes: Deepening Knowledge and Building a Foundation
Quizzes are provided to measure your understanding of Plum Network. This is the first step in acquiring basic knowledge of the project and preparing for participation in the ecosystem.
- Procedure Overview:
- Access the Plum Network dashboard and open the relevant quiz section.
- Answer the questions displayed. Answers are often found in the project’s whitepaper or official documentation.
- Completing the quiz earns basic points.
Liquidity Provision: Contributing to the DeFi Ecosystem
Liquidity provision involves depositing your assets into a liquidity pool on a decentralized exchange (DEX) to ensure smooth token trading. It’s like stocking a store with goods so customers can always shop.
In Plum Network, liquidity provision for the xAUM and USDC pair is a quest objective.
- Specific Steps:
- Access the Plum Network DEX or liquidity provision page and connect your wallet.
- If you don’t have xAUM tokens, obtain them by swapping other tokens such as USDC.
- Select the “Add Liquidity” or “New Deposit” option.
- Deposit xAUM and USDC into the pool at the specified ratio (usually 50:50).
- Approve the transaction in your wallet. Allowance confirmation is required. If you are asked for “Unlimited” approval, consider manually setting the exact amount you are depositing to minimize security risks.
- Once liquidity provision is complete, you will receive LP tokens (tokens proving your liquidity provision), completing the quest.
- Note:
Liquidity provision carries the risk of impermanent loss. This refers to the possibility that the value of your deposited tokens may decrease due to price fluctuations compared to if you hadn’t deposited them.
Deposit & Borrow: Effective Use of Funds and Risk Management
Plum Network’s lending/borrowing protocol allows you to deposit assets to earn interest or borrow other assets using your deposited assets as collateral. This is similar to bank deposits and loans, but automated on a blockchain.
Specifically, lending/borrowing operations using pUSD tokens are quest objectives.
- Specific Steps:
- Access the Plum Network lending/borrowing section and connect your wallet.
- First, deposit pUSD tokens (or other specified tokens). Wallet approval is required. Again, pay attention to allowance settings.
- Borrow another token (e.g., USDC) using your deposited assets as collateral. The maximum borrowing amount is determined by the value of your collateral.
- You can also repay the borrowed assets. Repaying the borrowed amount and interest releases the collateral.
- Complete the quest and earn points through these operations. Claiming borrowed assets may also be necessary.
- Note:
Borrowing involves liquidation risk. This is the possibility that your collateral will be automatically sold (liquidated) to ensure the safety of the loan if the value of your collateral assets drops significantly. Always be mindful of your collateralization ratio and maintain a buffer.
Participating in the Ryko Project: Pursuing New Reward Opportunities
According to source information, Ryko is another project related to Plum Network, and activities here may also be eligible for the airdrop. In Ryko, depositing specific stablecoins (cryptocurrencies with stable prices) may provide opportunities to receive additional Plum tokens through the airdrop.
- Participation Overview:
- Access the Ryko website and connect your wallet.
- Deposit stablecoins (e.g., USDC). Approximately 90% of your deposited assets are likely to be locked for about 3 months.
- This activity provides opportunities to earn rewards from Ryko and points/badges from the Plum Network airdrop.
- Note:
Due to the lock-up period, your deposited funds will be unavailable for a certain period. Plan your finances before participating. Also, badge awarding in Ryko may have a delay of several days.
Plum Network Airdrop Point Maximization Strategy: Approaches Based on Funding
This section explains more advanced strategies for maximizing airdrop points and optimal approaches based on funding. Efficient point acquisition opens the way to greater rewards.
PLUM Token Staking: Highly Efficient and Reliable Point Acquisition
One of the most effective ways to earn points is to stake PLUM, Plum Network’s native token. Staking involves locking tokens to support the network’s security and operation, and points are awarded as a reward.
- Benefits:
- High point acquisition efficiency.
- Once set up, points can be earned relatively continuously.
- Recommendation:
Staking approximately 100 or more PLUM tokens is recommended. If you have more funds, consider staking 1,000 or 2,000 tokens or more.
- Note:
The price of PLUM tokens fluctuates due to market changes. Consider the risk of price drops (unrealized losses) during the staking period.
Generating Trading Volume: Actively Participating in the Ecosystem
Trading (swapping) activities on the Plum Network DEX award points based on trading volume. The higher the trading volume, the more points you earn.
- Efficient Trading Volume Generation Methods (for small funds):
- Utilizing Low Fees: Plum Network reportedly has low fees, so even with small amounts of funds, you can efficiently accumulate trading volume by repeating many trades.
- Weekly Goal Setting: For example, set a weekly trading volume target of $2,500 or $5,000 and consistently achieve this to achieve higher point acquisition.
- Frequent Trading: Even with limited funds, trading a few times a week (e.g., 4 times) can lead to point acquisition.
- Benefits:
You don’t need to lock funds, maintaining liquidity while earning points. Continuing to trade also helps develop your DeFi trading skills.
Utilizing Daily Spins: Daily Accumulation Makes a Big Difference
Plum Network offers a “daily spin” that can be performed daily. This is an opportunity to easily earn points and rewards; continued participation makes a big difference in the long run.
- Importance:
Spinning daily consistently accumulates points. Also, if you don’t win anything for 3 consecutive days, you may receive a special badge.
- Tip:
Even on busy days, simply connecting your wallet and spinning is the easiest way to consistently earn points.
Referral Program: Contributing to Community Growth
You can also earn points by referring friends to the Plum Network Airdrop. Contributing to community growth increases your own points.
- How to Use:
Share your referral link and encourage new users to participate. You earn points when referred users are active.
Potential Risks and Countermeasures in Participating in the Plum Network Airdrop
DeFi activities hold great potential, but some risks also exist. It’s important to understand the following potential risks and countermeasures when participating in the Plum Network Airdrop.
- Smart Contract Risk:
Plum Network’s services operate on smart contracts. If there are vulnerabilities in the smart contracts, your deposited funds could be lost. It’s important to check the project’s audit status, etc.
- Market Volatility Risk:
Cryptocurrency prices are very volatile, so the value of your staked or liquidity-provided tokens could drop significantly. This could result in losses exceeding the points you’ve earned.
- Impermanent Loss in Liquidity Provision:
As mentioned above, impermanent loss can occur in liquidity provision if the price ratio of the deposited token pair fluctuates significantly.
- Liquidation Risk in Borrowing:
When borrowing with collateral, there is a risk of liquidation due to a drop in the price of the collateral asset. Maintaining an appropriate collateralization ratio and monitoring market conditions is important.
- Allowance Management:
The “allowance” required when connecting DeFi protocols and wallets allows the protocol to operate specific tokens from your wallet. “Unlimited” approval increases security risks. Approve only the minimum necessary amount, exercising extreme caution.
- Lock-up Period:
Staking, certain liquidity provisions, and deposits in Ryko may have lock-up periods where funds cannot be withdrawn for a certain period. To avoid situations where funds are unavailable when needed, confirm this beforehand and plan your finances before participating.
Conclusion: Seize the Future of DeFi with the Plum Network Airdrop
Plum Network Airdrop Season 2 is a great opportunity to contribute to the evolution of cross-chain DeFi and earn future rewards through point acquisition. As explained in this article, you can participate in the ecosystem and maximize points through various methods, from completing quizzes to liquidity provision, lending and borrowing, staking, and even generating trading volume and daily spins.
Regardless of the amount of funds, there is an optimal strategy for each situation. Even with small amounts of funds, you can steadily accumulate points through continuous trading and daily spins. Of course, DeFi activities involve risks, but understanding and carefully addressing them allows you to pursue opportunities more safely.
Getting involved at the forefront of DeFi and deepening your understanding of new technological trends will bring new perspectives to your digital asset management and investment strategy. The Plum Network Airdrop can be a practical first step.
Check the official website and social media channels for the latest information on Plum Network, and join the journey to build the future of DeFi together!

