Going Modular On My Perpetual Strategy For $AVAIL
Avail DA introduces the first modular data availability layer that combines validity proofs and data availability sampling enabling entire networks of blockchains to scale. It had something that made me hold half of my $AVAIL airdrop and create a perpetual earning strategy!
Avail DA enables L2 solutions to reduce operational costs and enhance scalability by implementing a trio of rollups (Validiums, Optimiums or Sovereign) and created a robust, validity proof based DA layer that is optimized for ZK tech.
The whole ecosystem is powered by $AVAIL, as the token is used to pays fees, secure the network, build, earn and more. The spark was given by the 600,000,000 $AVAIL tokens airdrop for various rollup users, community members, developers, stakers, and more
The airdrop was somehow spectacular and my share from the cake was 5,297 tokens, straight into Subwallet. The $AVAIL price on launch was close to $0.18, but it dropped when paper hands dumped their tokens. I didn't hold everything, as this is a scenario that happened so far only with $ACX, $OP, $ARB and $ZK from all the airdrops I received.
However, I decided to keep most of the $AVAIL I received, because I am a degen and I love long-term games! I sent 290 $AVAIL to Kucoin just to make sure I got some rewards in case the price would crash further. The next step was to stake the remaining 5000 $AVAIL, taking advantage of the initial 5425% APR!
It took 12 hours to arrive on Kucoin, but on the positive aspect of the delay… the price went from 0.12 to 0.23 USD! Sold them for 65 USDT when arrival, then I sold 1000 plus the rewards from staking few weeks later. I made $217 profit from free money, while 4000 $AVAIL were working behind the scene!
The perpetual strategy was simple... claim the rewards on the first day of each month, and stake half on top of the one's generating more money. The other half was considered as a safety net, or as a way to cash-out if the price goes ballistic. The November bounty was 135 $AVAIL, with 70 compounded and the rest sent to Kucoin
I will keep earning $AVAIL and will wait for the permissionless unification layer for web3. This unification layer will not only help any blockchain scale on Avail DA, but will simplify cross-chain transactions with Avail Nexus, and provide comprehensive shared security via Avail Fusion.
December was a chill month, and I am a chill guy! Claimed the bounty on New Year's Eve and staked 50 Avail on top of the others. Sent a batch to Kucoin for easy cash-out if needed, mainly because the unstake period is 28 days, period when the tokens are not generating rewards.
The forth month of staking $AVAIL ended, and claimed my rewards on the 1st of February! We have a month of love and bull market ahead. I followed the system and staked most of the monthly earnings, and sent the rest to the exchange!
I got an airdrop... sold less than a third and have 4150 $AVAIL staked. The HODL pot is valued at 464 USD, the $217 USDT I've got from swaps are generating income as well, and 124 AVAIL are now kept liquid. What do you think about my strategy?
In line with its commitment to innovation, Avail has a packed roadmap for 2025, with plans to unveil new features and partnerships that will surprise and engage the community. The team has expressed enthusiasm about the upcoming developments, indicating a focus on enhancing the platform's capabilities and user experience
Residual Income:
Airdrop Hunting: Layer3 / Mode / Linea / Zerion
Lisk: https://portal.lisk.com/airdrop with code : OHbgua
Play2Earn: Splinterlands & Holozing
Cashback Cards: GnosisPay & Plutus
PVM The Author - My Amazon Books
