Wen ($WEN) is known as a community created coin to “immortalize wen culture”. Their airdrop claim has recently closed, and many users were able to get $WEN tokens. So, the next question is how to maximise your WEN token gains and keep the airdrop snowball rolling? Here is our WEN token airdrop guide on how to get 4 more airdrops by staking $WEN tokens.
Check out our WEN token airdrop guide- Stake $WEN for 4 AIRDROPS!!
What is WEN?
The creators of Wen divided @weremeow’s poem ‘A Love Letter to Wen Bros’ into a trillion pieces that can be traded like regular Solana tokens. Each WEN token represents a proportionate share of ownership in Meow’s poem. Here are the key features of Wen:
- WEN: WEN is a token that represents proportional ownership in a poem by @weremeow called ‘A Love Letter to Wen Bros’.
- Poem: The poem is a tribute to the Wen Bros, a group of Solana enthusiasts who are known for their memes and community engagement.
- Tokenization: The poem was split into a trillion pieces using the technology from @OvolsNFT, a platform that allows users to create and trade fractionalized NFTs on the Solana blockchain.
How to stake WEN tokens to get more airdrops?
Time needed: 1 hour and 15 minutes
Here’s our WEN token airdrop guide on how to stake your WEN tokens to get more airdrops
- Fund wallet with WEN and SOL tokens
You can fund your wallet with WEN tokens by either claiming the airdrop HERE or buying WEN tokens from exchanges such as Orca, Raydium, MEXC or KuCoin.
Fund your wallet with SOL tokens by purchasing SOL from exchanges such as Bybit, Binance or KuCoin.
Sign up for a Bybit account here! - Get bSOL tokens
Go to https://stake.solblaze.org/app/ and stake SOL to receive bSOL. You will also get BLZE rewards and qualify for the Blaze airdrop!
- Stake WEN and bSOL in Meteora
Connect to Meteora and go to “DLMM”, find the WEN-bSOL pool and deposit your WEN there. We deposited around 25% of our WEN airdrop.
- Stake WEN in Kamino Finance
Kamino is also doing a points system for supplying assets and borrowing, so staking WEN in Kamino Finance will also qualify you for their airdrop! To stake WEN in Kamino Finance, go to https://app.kamino.finance/. Go to the “Liquidity” section and stake your WEN and SOL into the $WEN-SOL liquidity pool. Simply input the amount of WEN you wish to stake and Kamino Finance will automatically fill in the corresponding amount of SOL to stake, this will help you avoid impermanent loss. You will earn fees and Kamino Points.
- Lend WEN in MarginFi
MarginFi is the easiest protocol in our opinion as it only requires you to deposit 1 asset type. To lend WEN in MarginFi, go to https://app.marginfi.com/ and on the “Lend” page, supply WEN tokens. We deposited around 25% of our WEN airdrop into MarginFi. Depositing WEN to MarginFi also allows you to earn MarginFi Points for their airdrop.
- Optional: Stake bSOL to MarginFi
If you have any leftover bSOL, you can stake it in MarginFi to earn their Liquid Staking Token ($LST). Then, lend your $LST to earn APY.
- Trade WEN on BONKbot
Go to BONKbot and trade WEN.
To learn how to trade on BONKbot, check out our BONKbot sniping strategy video EXCLUSIVE for members!
Frequently Asked Questions (FAQs)
The best protocol to stake WEN tokens is on the Meteora platform. Meteora is also a good place to stake WEN because you earn both WEN and bSOL swap fees, as well as Blaze rewards, providing a two-in-one airdrop opportunity.
We are quite positive on WEN as around 1 million active Solana wallets received the airdrop. Furthermore, around 40% of the airdropped WEN tokens were not claimed, so those were burned. This means the WEN supply has been reduced a lot which would push up the demand and potentially the price. WEN is also being used for staking to earn further rewards and is also being actively traded, meaning that there would be a continuous utility and demand for this token. Jupiter Exchange, which is behind WEN, is also planning out what to do with WEN in the future.
One can get four airdrops by staking WEN tokens: Blaze, Meteora, Kamino, and MarginFi. Blaze is a protocol that allows users to stake SOL and receive bSOL and BLZE rewards. Meteora is a decentralized liquidity market maker that supports cross-chain assets. Kamino is a lending and borrowing platform that also offers liquidity mining. MarginFi is a margin trading platform that also offers lending and liquid staking.
Currently, Meteora offers the highest rewards for staking WEN.
WEN is a token that represents proportional ownership in a poem by @weremeow called ‘A Love Letter to Wen Bros’. The poem was split into a trillion pieces using the technology from @OvolsNFT, a platform that allows users to create and trade fractionalized NFTs on the Solana blockchain.
To stake WEN and bSOL in Meteora, connect to Meteora and go to “DLMM”. Then, find the WEN-bSOL pool and depositing WEN and bSOL there.
