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.
Check out our step by step 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
Hello Airdrop Hunters!
Get ready to dive into the latest from Steamm, the Superfluid AMM on Sui, because they’ve been busy! From confirmed airdrop distributions to hinting at an exciting points system, there’s plenty to keep an eye on for potential future rewards.
Let’s break down the recent happenings:
Confirmed Airdrop: Backpack Wallet Campaign Rewards Distributed!
Great news for those who participated in the STEAMM x Backpack Wallet Campaign! Steamm recently confirmed that the SEND rewards from this campaign have been successfully distributed.
Key Details:
| Event | Details | Relevant Tweets |
|---|---|---|
| Campaign Period / Snapshot | Users were encouraged to LP on STEAMM using their Backpack Wallet by the end of May. A snapshot of the top 1,000 net new depositors was taken in May. | Campaign Announcement (May 22, 2025) |
| Reward Distribution | $10,000 in SEND rewards were distributed to eligible participants. | Distribution Confirmation (June 9, 2025) |
If you participated, make sure to check your Backpack Wallet!
Unlocking Future Rewards: The “STEAMM Points” System
Keep your eyes peeled on the horizon, because Steamm has dropped a significant hint about a potential ongoing rewards mechanism! On June 1st, they asked, “Did you get enough STEAMM Points this season?” This strongly suggests an active “STEAMM Points” system, possibly structured into seasons, which is a classic precursor to future airdrops.
This is a vital clue for airdrop hunters – engaging with the platform and accumulating these points could be key to qualifying for future distributions. While specific details on how to earn or what these points will convert into are yet to be fully disclosed, this is a clear signal to stay active.
- See the tweet about STEAMM Points here (June 1, 2025)
Ongoing Earning Opportunities: LP Rewards Galore!
Beyond direct airdrops and points, Steamm continues to incentivize liquidity providers with attractive rewards. These ongoing opportunities are a great way to earn yield on your assets and potentially contribute to any future “STEAMM Points” accumulation.
- Recent Reward Cycles: As of June 24th, sSUI & WAL rewards have been refreshed across WAL-USDC, USDT-USDC, and SUI-USDC pairs. These reward cycles are refreshed every two weeks, so continuous participation is encouraged.
- Learn more about the latest rewards here (June 24, 2025)
- “The Great Refill” Campaign: In late May, Steamm launched “The Great Refill” campaign, offering boosted WAL and sSUI rewards on the WAL-USDC pair until June 1st. This highlights their commitment to consistent liquidity incentives.
- Check out “The Great Refill” announcement (May 26, 2025)
- New Pairs, New Rewards: Steamm consistently adds new trading pairs with additional incentives, such as the OSHI-USDC pair introduced on May 27th, offering OSHI and USDC rewards.
What’s Next for Airdrop Hunters?
The mention of “STEAMM Points” is perhaps the most exciting development for airdrop hunters. While the Backpack Wallet campaign’s rewards are already distributed, the focus should now shift to understanding and maximizing your potential “STEAMM Points” earnings. Stay tuned to Steamm’s official channels for more announcements on how these points will function and what they might lead to!
Keep providing liquidity, engaging with the platform, and watch for further updates that could unlock your share of future rewards!
Angela Wang
Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.