Home web3.0 Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

Apr 22, 2024 pm 09:10 PM
Blockchain exchange

Original author: Leshka.eth

Original compilation: Deep Wave TechFlow

The bull market short season is ongoing. So far, I have received an airdrop worth US$120,000.

There are now 2 possible next airdrops: Backpack and Hyperliquid. This article describes my strategy in hopes of obtaining the $HYPR and $PACK airdrops.

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

Backpack is one of the fastest growing exchanges on the Solana blockchain, with its own wallet and collection of OG NFTs called “Mad Lads.”

Backpack has attracted $37 million in investment from Wintermute, Placeholder, Robot Ventures and other leading funds.

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

Recently, Backpack exchange has conducted several airdrops for users who are actively trading on the platform. Users received varying amounts of:

  • Wormhole:$W
  • Tensor:$TNSR
  • Parcl:$PRCL

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

We will hedge our positions at Hyperliquid, using a delta neutral strategy to ensure zero losses and only pay platform fees.

In this way, we can interact on the two platforms and get 2 airdrops at a time.

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

We first need to complete the registration process on Backpack,

  • Visit the link to register: https://backpack.exchange/refer/c9d363fa -6577-4cf3-8f37-52afdcef656f
  • Connect Wallet
  • Perform KYC Verification

After this, you will be able to deposit funds into your account and Start trading.

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

After this, 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

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

To minimize risk, we will Open a position with 1x leverage:

  • Open a short position with any token on HyperLiquid
  • Buy the same token with the same amount on Backpack

You won’t lose any tokens on dips, nor will you gain proportionally on increases, only fees will be incurred.

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

If you want to increase your trading volume on both exchanges, you can use greater leverage in HyperLiquid

To balance your position, please Buy back an amount of tokens equal to the size of your short position on Backpack.

We will deploy two first-level airdrops with minimal fees. The transaction volume of each airdrop will exceed 1 billion US dollars and achieve flourishing development in their respective fields. We still have three weeks to accumulate HyperLiquid points to qualify for the upcoming Backpack season.

Eat two fishes, Backpack and Hyperliquid airdrop interactive guide

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