Rage Trade is a double-legged trading protocol that offers a perpetual ETH swap and a USDC yield-farming product built on Arbitrum and LayerZero. Rage Trade, LayerZero, and Arbitrum have not launched their respective tokens yet or announced any airdrop. However, there is speculation that preparing for a potential Rage Trade airdrop may make you eligible for the Arbitrum or LayerZero airdrops as well. In this article, we look at how to get a potential Rage Trade token airdrop and potentially get 3 airdrops at once!
Increase your chances of getting all potential 3 airdrops with our Arbitrum token airdrop guide and LayerZero ($ZRO) token airdrop guide.
Rage Trade Token Airdrop Step-by-step Guide
Here’s how to get a potential Rage Trade airdrop:
- Trade on Rage Trade
- Deposit and stake into the Rage Trade vaults
- Join and contribute to the Rage Trade community
See below for more details
What is Rage Trade?
Rage Trade is a yield and perpetual protocol built on Arbitrum and LayerZero that provides users with a liquid, composable, and omnichain ETH perp with 10x leverage. The protocol also offers recycled liquidity and yield-generating 80-20 Vaults. Rage Trade is designed to provide users with a secure and efficient way to trade Ethereum-based assets. Rage Trade has a huge list of investors and advisors including Olympus DAO, The Block, Anthony Pompliano and others.
Does Rage Trade have a token?
Rage Trade does not have a token yet, but it is widely speculated that it will have the ticker symbol $RAGE. Also, with the massive backing by top crypto investment funds and angel investors, it is likely that Rage Trade would do an airdrop so as to gain more attention to the project.
How to get a potential Rage Trade/ Layer Zero/ Arbitrum token airdrop?
Rage Trade is built on both Arbitrum and LayerZero and all three projects have not launched their respective tokens yet or announced any airdrops. So there are rumours that getting a potential Rage Trade airdrop may qualify you for the Arbitrum or LayerZero airdrops as well. The best thing is that Rage Trade has promised they will pass down any airdrops they may receive from their integrated protocols to their stakers. Here’s how you can get potential Rage Trade, Layer Zero and Arbitrum airdrops:
- Trade on Rage Trade
- Deposit and stake into the Rage Trade vaults
- Join and contribute to the Rage Trade community
Trade on Rage Trade
To trade on the Rage Trade platform, launch their app (here) and connect your wallet to the Arbitrum network. Deposit some USDC (a 20 USDC minimum deposit is required). Then, start trading. For now, only the ETH-USDC trading air is available and you can choose to buy Long or Short positions.
Deposit and stake into the Rage Trade vaults
Rage trade currently has a Risk-On Delta Neutral GLP vault. Users can deposit SGLP / USDC to earn stable yield on GLP. This is an almost guaranteed way to get a potential airdrop since they stated in their recent tweet that they will pass down any airdrops they may receive from integrated protocols to stakers. To stake on Rage Trade, go to “vaults”, deposit SGLP and approve the transaction. But hurry! This vault is almost full!
Join and contribute to the Rage Trade Community
Follow Rage Trade on Twitter and join their Guild. To join the Guild, you will need to connect your wallet, Discord, and Twitter. On the Rage Trade Guild, you can complete tasks to get additional tasks. For example, owning a GMX Blueberry Club or Diamond Pepes NFT, holding specific roles on their Discord, or having a minimum number of TCS, DN_GMX_SENIOR or DN_GMX_JUNIOR tokens.
Rage Trade Airdrop Review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Rage Trade has not confirmed any airdrops yet.
Airdropped Token Allocation: The tokenomics of the Rage Trade token are unknown.
Airdrop Difficulty: There is no announcement on Rage Trade airdrops or its eligibility yet. However, we find having a 20 USDC minimum deposit to use their exchange to be quite high. Provigil Completing the tasks on the Rage Trade Guild will also require you to buy tokens or NFTs which are not cheap. For example, the cheapest GMX Blueberry Club NFT cost 0.28 ETH on OpenSea.
Token Utility: The Rage Trade token utility is unknown.
Token Lockup: The Rage Trade token lockup period is unknown.