There are different ways to participate on @Theo_Network
First of all, you can use THBILL on three different chains.
- Ethereum, Hyperliquid and Arbitrum.
Based on each chain, you can either swap your assets into $THBILL at Uniswap or Hyperswap and co.
There are also different kind of strategies you can use to build your points.
1. Just swap and hold.
You can choose your chain and just swap your assets into $THBILL and hold it. That it is. If you swap about 1K USDC into THBILL, it will take a few days to get to your 100 points you need to be eglible for the Yapping USE.
2. Leverage DeFi
There are money markets and DEX including Pendle on Arbitrum with YT (high leverage with the risk of slashing the whole value at the end of the maturity) Also Morpho and Euler can be used to supply thBILL.
You can as an example supply thBILL to Morpho to borrow USDC with a borrow rate of 6.3% to loop again into thBILL. (Looping als includes liquidation risk when thBILL or USDC is volatile)
3. Conclusion
I personally like projects where you can yap and also use the product at the same time, because it gives you more material to yap about and also additional income sources, like point farming.
A new Kaito Earn project just started. @Theo_Network just joined the Kaito family and is starting a Kaito Yap and Use combined event from the 13th of October.
A difference here is that you need definitely to participate on Theo to be able to get rewards from Theo. (Threshold of 100 points)
Find the summarized overview as below
1. Monthly Reward Pool
- Total reward: 100,000 thBILL
- Top 100 Yappers distributed on a monthly base
- Top 50 global creators (no nationality restrictions)
- Top 25 Korean and Chinese creators
2. Token Distribution
- Allocated 0.05% of total token supply
- Winners selected based on combined Yapping + Theo activity
- Rewards distributed to the top 250 participants
- MUST hold at least 100 theo points
- Bonus points for staking (you will probably need over 5,000 $sKAITO)
- Monthly snapshots
- You will need to link your wallet you have used for Theo with Kaito
If you have not yet started with Theo, you can use my referral for it.
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