Pencils Protocol is an all-inclusive auction platform and yield aggregator powered by Scroll. Pencils Protocol has several Mines where users can complete tasks to earn points, which pave the way to earning huge rewards and a potential token airdrop! Here is our Pencils Protocol token airdrop guide.
Learn more about the Scroll token airdrop and how to earn the most Scroll Points HERE.
What is Pencils Protocol?
Pencils Protocol is a next-generation decentralized platform powered by Scroll. Here are some of its main features:
- Auction Services: Pencils Protocol provides auction services for blockchain native assets and real-world assets (RWAs).
- Unified and Leveraged Yield Aggregation: Users can maximize asset utilization through yield aggregation services.
- Scroll Native Gateway: Pencils Protocol serves as a gateway for liquid staking and restaking assets using Scroll’s zero-knowledge technology.
- Community Points System: Pencils introduces a community points system called “Pencils,” rewarding active users with benefits like token allocations and exclusive merchandise based on their contributions and engagement in the Scroll ecosystem.
How to get the Pencils Protocol token airdrop
Time needed: 28 days
Here’s a guide on how to get the potential Pencils Protocol token airdrop
- Connect to Pencils Protocol
Connect your wallet to Pencils Protocol. Make sure you are on the Scroll network.
- Participate in Pencils Farming
Go to the Pencils Farming page. Pencils Protocol Farmin supports the following cryptoassets: ETH (including WETH, wstETH, wrsETH, pufETH, weETH), WBTC, Stablecoins (e.g. USDT, USDC), SolvBTC.b and Stone. Choose an asset and click “Deposit”. You will earn various rewards including Pencils points and Scroll Marks. Therefore, farming is a good way to position yourself for multiple airdrops including Scroll. We recommend farming on STONE as it allows you to earn Pencils points, Stone Points, Eigenlayer Points and Scroll Marks. This means you would be positioning yourself for 4 potential airdrops!
Learn more with the following token airdrop guides: StakeStone ($STONE) airdrop, Eigenlayer airdrop, Scroll airdrop. - Claim Pencil S or Pencil P Badge
You can earn the Pencil S Badge by staking the equivalent of more than 0.5 ETH for over 28 consecutive days. To earn the Pencil P Badge, stake the equivalent of more than 0.1 ETH or more than 28 consecutive day. To claim your Pencil S or Pencil P Badge once you are eligible, connect your wallet to https://scroll.io/canvas, click “Badges” and “Mint eligible badges”.
