Original Author: Leshka.eth
Original Compilation: Deep Tide TechFlow
The bear market season is still ongoing, and as of now, I have received a $120,000 airdrop.
There may be 2 possible upcoming airdrops: Backpack and Hyperliquid. This article introduces my strategy in hopes of obtaining the $HYPR and $PACK airdrops.
Backpack is one of the fastest-growing exchanges on the Solana blockchain, with its own wallet and an OG NFT collection called "Mad Lads."
Backpack has attracted $37 million in investment from leading funds such as Wintermute, Placeholder, Robot Ventures, and others.
Recently, Backpack exchange has conducted several airdrops for active traders on the platform. Users received varying amounts of:
We will hedge our position on Hyperliquid using a Delta-neutral strategy to ensure zero loss, only paying platform fees.
This way, we can interact on both platforms and receive 2 airdrops at once.
First, we need to complete the registration process on Backpack:
- Visit the link to register: https://backpack.exchange/refer/c9d363fa-6577-4cf3-8f37-52afdcef656f
- Connect your wallet
- Complete KYC verification
After this, you will be able to deposit funds into your account and start trading.
Afterward, we can proceed with the HyperLiquid deposit:
- Go to the website: app.hyperliquid.xyz/join/LESHKA
- Connect your EVM wallet on the Arbitrum network
- Deposit into your account
To minimize risk, we will open positions with 1x leverage:
- Short any token on HyperLiquid
- Purchase the same token on Backpack for the same amount
You won't lose any tokens during a decline or gain proportional profits during growth, only incurring fee expenses.
If you want to increase trading volume on both exchanges, you can use higher leverage on HyperLiquid.
To balance positions, buy back the same amount of tokens on Backpack as your short position.
We will lay out two primary airdrops with minimal fees, each with a trading volume exceeding $1 billion, and thriving in their respective fields. We also have three weeks to accumulate HyperLiquid points to qualify for the upcoming Backpack season.
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