Demex - The Best Platform To Hold dATOM and Earn Droplets
Looking to maximize your DeFi returns with dATOM? Let's break down why Demex stands out as a top platform for holding dATOM and maximizing your Droplets!
What is Demex
Demex is an all-in-one DeFi hub offering a comprehensive suite of financial tools and services. It provides spot trading, perpetual trading, and attractive liquidity pools for earning passively. With its extensive money market, Demex caters to both novice and experienced traders, allowing you to engage in various trading and lending strategies to efficiently grow your assets.
What is Nitron?
Nitron is Demex’s in-app extensive money market, known for its expansive range of assets and ongoing incentive programs. It enables users to lend and borrow a diverse array of assets while earning competitive yields. Nitron’s dynamic environment ensures that users can maximize returns through both traditional and innovative financial strategies.
What is dATOM?
dATOM is Drop Money's liquid staking token, integrated with Demex’s platform. It represents staked ATOM, offering liquidity while still accruing staking rewards. With dATOM, you can enjoy the benefits of staking without sacrificing liquidity, making it a valuable asset for DeFi enthusiasts.
Looking for a referral code? We've got you covered!
app.drop.money/stake?referral_code=o2KVfpQ2
What is Drop Money?
Drop Money is a pioneering liquid staking protocol built on Neutron, a Cosmos app chain secured by Interchain Security (ICS). Drop utilizes CosmWasm smart contracts and the Inter-Blockchain Communication (IBC) protocol to offer secure and scalable liquid staking services. The protocol is designed to seamlessly integrate with various networks while maintaining high levels of security.
Drop Money's leadership includes former contributors from Lido Finance, which positions it well to enhance liquid staking within the Interchain ecosystem. As a member of the Lido Alliance, Drop aims to integrate Lido’s stETH into the broader Interchain network, expanding the utility and reach of liquid staking assets.
What Are Droplets?
Droplets are units of measurement for a user’s contribution to Drop Money's protocol success. A total of 100,000,000 DROP tokens will be airdropped to Droplet Program participants. The more Droplets you earn, the larger your airdrop will be.
How to Earn Droplets
- Liquid Stake: Earn 1 Droplet per day per dollar of assets liquid-staked with Drop. For instance, if you stake $100 of ATOM for ten days, you would earn 1,000 Droplets. The daily Droplets earned are based on the asset’s value on that day.
- Use dAssets: Multiply the number of Droplets earned by using your dAssets in DEXs, lending protocols, and other projects in the Drop ecosystem.
- Refer Friends: Generate a referral code and invite others. For every 1,000 Droplets your referrals earn, you receive 250 additional Droplets. Referral bonuses do not subtract from your or your friends’ earnings.
Why is Demex the Best Platform to Hold dATOM and Earn Droplets?
Here are eight compelling reasons why Demex is the best platform for holding dATOM and maximizing your Droplets:
- Droplets Multiplier: Earn Droplets, by participating in various platform activities. Engage more to earn more, and use dATOM on Demex to take advantage of up to a 50x Droplet multiplier through our strategies.
- Most Extensive Money Market: Nitron stands out as one of the most extensive money markets, with a broad range of assets and regular updates to keep offerings competitive.
- E-mode: Our Efficiency Mode (E-mode) on Nitron enhances capital efficiency by providing higher loan-to-value (LTV) ratios for assets within the same category. This feature is particularly useful for maximizing your DeFi positions with dATOM.
- SWTH Incentives: We offer SWTH incentives to boost your returns further. Participate in our programs to earn additional rewards and enhance your overall yield.
- Demex Points: Demex Points are used to reward users for their activity and loyalty on the app. Earn points by providing liquidity or trading perpetuals, and benefit from exclusive promotions.
- Carbon Credits: For those interested in trading, we provide Carbon Credits to offset about 25% of your trading fees on perpetuals. This initiative helps reduce your costs while supporting sustainability.
- Loss Protection Program: To make trading stress-free, we offer a Loss Protection Program that provides cashback of up to 100% on your losses. This ensures that you can trade with confidence, knowing that your losses are covered while you enjoy the benefits of your profits.
- All-in-One DeFi App: Demex serves as a comprehensive DeFi hub, seamlessly integrating a variety of financial tools and strategies into one platform. Beyond lending, borrowing, and trading, users can explore a range of DeFi products and strategies. Our cross-chain capabilities ensure that you have access to diverse assets and opportunities across different blockchain networks, providing a robust and versatile DeFi experience.
DeFi Strategies To Maximize Droplets
Here are some strategies in order of difficulty to maximize your Droplets with dATOM:
💧Firstly, Get $dATOM:
- Deposit $ATOM to get $dATOM here: app.drop.money/stake?referral_code=o2KVfpQ2
- Swap $ATOM to $dATOM on Swapfast powered by Leap Wallet: https://swapfast.app/datom
💧Easy
Benefits: You are earning SWTH incentives and a 3x Droplet multiplier for lending, plus the staking APY of ATOM.
💧💧Medium
- Get dATOM.
- Deposit on Demex.
- Lend dATOM on Nitron.
- Borrow ATOM on Nitron.
- Mint more dATOM from ATOM and repeat.
Benefits: The medium strategy allows you to boost your APY by leveraging borrowed ATOM to mint more dATOM. You’ll earn increased Droplet multipliers on Demex and benefit from SWTH incentives on both lending and borrowing.
💧💧💧 Advanced
- Get dATOM.
- Deposit into any of these liquidity pools on Astroport: dATOM-USDC, dATOM-NTRN, dATOM-ATOM.
- Do not stake it as you need to transfer over the receipt token to the Carbon chain and deposit it on Demex.
- Deposit the desired LP token on Demex.
- Lend the desired token on Nitron.
Benefits: You are now earning SWTH incentives, with a 50x Droplet multiplier on Demex for dATOM-USDC and dATOM-NTRN, and a 5x multiplier for dATOM-ATOM.
Warning: Advanced strategies involve higher risk and complexity. Ensure you fully understand the risks and mechanics involved before proceeding.
Continue Earning Droplets with All 3 Strategies
Regardless of the strategy you choose, you will earn Droplets. Whether you prefer a passive approach or a more involved strategy, Demex provides ample opportunities to grow your rewards.
Ready to start earning Droplets with dATOM?
Explore Demex and take advantage of our comprehensive DeFi tools and incentives to maximize your returns.
Start now and make the most of your DeFi opportunities!
The TLDR
Demex is the top platform for holding dATOM and maximizing Droplets due to its unique features and strategies. By leveraging Demex, users can benefit from Droplet multipliers, extensive money markets, SWTH incentives, and a range of advanced DeFi strategies. With up to a 50x Droplet multiplier available through Demex’s strategies, you can significantly enhance your returns. Additionally, Demex offers Carbon Credits to offset trading fees and a Loss Protection Program for a stress-free trading experience. Whether you're new to DeFi or a seasoned pro, Demex provides the tools and incentives to help you succeed.