How to Claim $YFX Token Airdrop

Since its migration to Arbitrum following the launch of V3, YFX has completed two updates and has been operating effectively on Arbitrum for over a year. Benefiting from Arbitrum’s low fees and high transaction speeds, YFX has also enjoyed robust support within the ecosystem, including significant backing from the official Arbitrum team.

In its V4 iteration, YFX has embraced a decentralized transformation and has decided to initiate a large-scale airdrop. All users who fulfill the eligibility requirements are invited to claim YFX tokens via the official YFX website, where only Arbitrum gas fees apply, with no additional restrictions.

The total airdrop allocation is estimated at 3,000,000 $YFX tokens, available on a first-come, first-served basis until the supply is exhausted. Those who miss out on this opportunity can engage with YFX.com by trading, adding liquidity, mining, and using the referral system to earn rebates. Meeting the engagement criteria may qualify them for $YFX airdrops in future rounds.

The initial Airdrop Period is scheduled from 12:00 (UTC) on May 16th, 2024, to 12:00 (UTC) on July 16th, 2024.

Eligibility Criteria includes:

• Arbitrum Traders: Active addresses that have engaged in trading on Arbitrum DEX or Derivative Protocols such as GMX, GNS, MUX, Vela, Level, Equation, HMX, KTX, AARK, APX, etc.
• YFX Partners: Exclusive rewards are available for YFX partners on Arbitrum.
• YFX Traders: Individuals who have engaged in trading on YFX V4.

Claiming Process

1. Navigate to www.yfx.com and select the “Airdrop” button on the homepage.
2. Connect your wallet and verify your claimable amount.
3. Click “Claim” to transfer YFX tokens directly to your wallet.

Potential uses for $YFX

1. Selling: While $YFX tokens can be sold on platforms like Uniswap or Gate.io where they are listed, holding and utilizing them within the ecosystem is highly recommended.
2. Trading BTC/ETH: With YFX V4, users have the option to trade BTC or ETH using $YFX, with the possibility of leveraging up to 200x

How to Claim $YFX Token Airdrop: Step-by-step Guide

Go to the airdrop official site.Connect your web3 wallet. For this demonstration, we’ll be using MetaMask.

Once your wallet is connected, you’ll be able to see how many $YFX Tokens you are legible to claim.

Once you click claim, you’ll be able to give your wallet permission to interact with the protocol. 

Confirm the gas fee.

Add the $YFX token contract to your wallet:

0x569deb225441FD18BdE18aED53E2EC7Eb4e10D93

Once you’ve claimed your tokens, you have the option to swap them for other tokens or hold. 

Since we’re always looking for ways to increase capital, we are going to stake $YFX in their upcoming Earning System, where users can stake their $YFX to earn more $YFX.

In addition, you can also add liquidity to the BTC_USD (YFX) Pool and ETH_USD(YFX) Pool, where you’ll be able to add liquidity with up to 200x leverage using $YFX token.