Steamm is an automated market maker (AMM) that uses unused funds to earn extra returns by lending them through Suilend protocol.They have recently launched STEAMM Beta and users can test out their platform. This means they could potentially reward users in the future with a token airdrop! Here is our Steamm token airdrop guide.
What is Steamm?
STEAMM is a Superfluid Automated Market Maker (AMM) that optimizes idle liquidity by depositing it into Suilend for additional yield. It currently supports constant pools, which use a formula similar to Uniswap V2, and offers trading pairs like SUI-USDC and wBTC-SUI with varying fee tiers. A 20% protocol fee is applied to swaps, with the remaining 80% distributed to liquidity providers.
How to get the Steamm token airdrop?
Time needed: 5 minutes
Here is a guide on how to get the potential Steamm token airdrop
- Connect to Steamm
Go to https://steamm.fi/ and connect your wallet. You will need to use a wallet that supports the Sui network.
- Swap assets
Go to the swap section by clicking “Swap” at the top of the page. Swap some USD to Walrus ($WAL) tokens.
- Add liquidity
Click “Pools” and choose a pool to add tokens.
- Earn points
Depositing tokens into certain liqudity pools in step 3 above allows you to earn points. Earn more points to move up the leaderboard!
Latest News on Steamm
Steamm - Airdrop Hunter’s Latest Briefing!
Get ready, airdrop hunters! Steamm has been buzzing with continuous opportunities for liquidity providers, essentially running back-to-back reward seasons. If you’re looking to earn on the Sui ecosystem, Steamm’s pools are regularly distributing tokens, making active participation highly rewarding.
💰 Ongoing LP Reward Seasons: Your Bi-Weekly Airdrop Stream!
Steamm is consistently refreshing its reward pools, offering a steady stream of tokens for those who provide liquidity. This isn’t a one-off snapshot, but a recurring incentive program that rewards active liquidity providers (LPs) every two weeks! The latest reward distribution, announced on September 16th, went live with a generous allocation of sSUI, WAL, and DEEP tokens across several key pairs.
Previously, a similar reward cycle was initiated on September 2nd, reinforcing Steamm’s commitment to continuously incentivizing its liquidity providers. This means consistent engagement with their liquidity pools positions you to potentially benefit from these ongoing distributions.
To Participate:
- Simply provide liquidity to the specified pools on Steamm.
- Rewards are refreshed bi-weekly, so staying active is key!
Latest Reward Pool Details (as of September 16th):
| Reward Token | Amount | Applicable Pairs | Important Link |
|---|---|---|---|
| sSUI | 23,310 | WAL-USDC, SUI-USDC, IKA-SUI, xBTC-USDC | Rewards Announcement LP Links |
| DEEP | 22,500 | WBTC-SUI | Rewards Announcement LP Links |
| WAL | 189,365 | WAL-USDC | Rewards Announcement LP Links |
Note: Previous reward cycle details (as of September 2nd) are similar in structure, reinforcing the recurring nature of these opportunities.
✨ New Earning Opportunities: ALKIMI-SUI Pool!
Steamm also recently expanded its offerings by introducing a brand-new liquidity pool: ALKIMI-SUI. Launched on August 19th, this CPMM pool comes with its own set of incentives for liquidity providers.
LPs in the ALKIMI-SUI pool can earn additional ALKIMI and SEND rewards, making it another attractive avenue for airdrop hunters looking to maximize their earnings through active participation.
New Pool Details (as of August 19th):
| Pair | Fee Tier | Additional Rewards | Important Link |
|---|---|---|---|
| ALKIMI-SUI | 0.3% | ALKIMI, SEND | New Pair Announcement LP Link |
Stay tuned to Steamm’s channels for future reward refreshes and new pool announcements to ensure you don’t miss out on upcoming earning opportunities!
Angela Wang
Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.