7 Sui ecological protocols cover applications such as liquidity staking, lending, and perpetual.

Author: Xremlin, Cryptocurrency Researcher

Translator: Felix, PANews

In the cryptocurrency field, the key to earning the first $10,000 or $100,000 through airdrops is to lay out early. Sui, as an innovative and decentralized Layer1 blockchain, utilizes parallel processing to enable fast and efficient transactions. Additionally, Sui simplifies smart contract development on Sui using the Move programming language.

Market data shows that SUI briefly broke through $1.4 at noon today, reaching a high of $1.4336, with a 24-hour increase of 10.51%. In addition to the outstanding performance of the token, the TVL of the Sui ecosystem has been soaring in recent months, indicating increasing interest from users and developers. Currently, the Sui ecosystem has multiple tokenless protocols. With the likelihood of Sui continuing to gain attractiveness and growth, now is an excellent opportunity for early positioning.

Cryptocurrency researcher Xremlin has listed 7 potential protocols and interaction strategies. It is worth noting that the following protocols are mostly related to providing liquidity. Therefore, it is important to invest at least 100 SUI in each protocol.

Haedal Protocol

A liquidity staking protocol built on Sui that allows users to stake their SUI to contribute to the governance and decentralization of the Sui blockchain. The issuance of tokens has been confirmed.

To stake SUI, follow these steps:

• Open https://haedal.xyz/stake
• Connect your wallet
• Enter the amount of SUI
• Click "Stake SUI"
• Receive your haSUI tokens

Volo

Volo is a liquidity staking solution built on Sui that maximizes the utility and liquidity of SUI tokens. The issuance of tokens has been confirmed.

To stake SUI, follow these steps:

• Open https://stake.volo.fi
• Connect your wallet
• Enter the amount of SUI
• Click "Stake"
• Receive vSUI tokens

Note: You can use the tokens obtained from liquidity staking protocols in the DeFi projects listed below, allowing you to interact with multiple protocols simultaneously to receive multiple airdrops.

Scallop

Scallop is a lending protocol on Sui and the first DeFi protocol to receive official funding from the Sui Foundation. The "Scallop Airdrop Event" second phase is currently ongoing.

To interact, follow these steps:

• Open https://app.scallop.io
• Connect your wallet
• Supply tokens
• Borrow tokens
• Complete tasks: https://zealy.io/c/scallopio/questboard

NAVI Protocol

NAVI Protocol is a lending protocol based on Sui that allows liquidity providers or borrowers to participate in the Sui ecosystem. The protocol has a point system that can generate NAVI tokens.

To earn points, follow these steps:

• Open https://app.naviprotocol.io
• Connect your wallet
• Supply tokens
• Borrow tokens
• Complete tasks: https://zealy.io/c/naviprotocol/questboard

BlueFin

The fastest decentralized perpetual protocol in the Sui ecosystem. The project has successfully raised a total of $29.20 million in funding, with investors including institutions such as Polychain.

You can now pre-farm BLUE tokens by following these steps:

• Open https://bluefin.io
• Click "Trade Now"
• Start trading on the platform
• Invite friends

Additionally, you can apply for the "Bluefin Vanguard Ambassador Program" by filling out the application form here: https://bluefinfoundation.typeform.com/bluefinvanguard?typeform-source=t.co

KriyaDEX

KriyaDEX is a DeFi platform that offers a wide range of services from lending to perpetual trading. You can earn KRIYA tokens in the "Chakra" event. The second phase is about to begin.

When the new phase begins, follow these steps:

• Open https://app.kriya.finance/spot/swap/
• Trade tokens and generate trading volume
• Provide liquidity
• Complete tasks: https://zealy.io/c/kriyadex-6508/questboard

Visit the "Rewards" page to view performance.

Bucket Protocol

Bucket Protocol is a CDP (Collateralized Debt Position) protocol based on Sui that can improve capital efficiency and stabilize the price of stablecoins. The project has received funding from the Sui Foundation. The issuance of tokens has been confirmed.

To qualify for potential rewards, follow these steps:

• Visit the website https://app.bucketprotocol.io
• Click "Position"
• Borrow BUCK using your chosen collateral
• Click "Tank Pools"
• Deposit BUCK into the pool
• Click "Fountain"
• Stake LP tokens

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