Keiko Finance airdrop: A guide to earning points

The potential Keiko Finance airdrop is a significant opportunity drawing major attention within the crypto community, especially among those following the Hyperliquid ecosystem. This collateralized debt position (CDP) protocol allows users to leverage Hyperliquid assets as collateral to borrow the KEI stablecoin. Participating in the current points program is a crucial step for accumulating points, paving the way for future token rewards.

What is Keiko Finance?

Before diving into how to participate in the potential “Keiko Finance airdrop” (via the points program), let’s understand what Keiko Finance is. It’s a permissionless collateralized debt position (CDP) protocol built on the Hyperliquid network. Essentially, Keiko Finance allows users to deposit supported assets from the Hyperliquid ecosystem (like HYPE) as collateral. Based on this collateral value, users can then borrow KEI, a stablecoin designed to maintain a stable value, typically pegged around $1 USD.

The primary advantage of this model is enabling users to unlock liquidity from their held assets without needing to sell them. For instance, if you believe HYPE’s price will rise but need cash now, you could deposit HYPE into Keiko Finance, borrow KEI, and use it for other purposes. The protocol offers predictable borrowing interest rates, helping users manage their finances more effectively while retaining ownership of their underlying collateral.

Why participate in the Keiko Finance points program?

Currently, Keiko Finance hasn’t officially announced an airdrop of its native token. However, launching a points accumulation program is a very positive sign. In the DeFi space, points programs like this often serve as a crucial stepping stone, acting as a way for projects to recognize and reward the early contributions and interactions of their users.

Users who actively participate in the protocol’s activities and accumulate a significant number of points stand a very high chance of receiving token rewards when the project eventually launches its official token. This is the “Keiko Finance airdrop” opportunity many are seeking. Participating early not only positions you for potential rewards but also helps you gain a deeper understanding of how a promising CDP protocol operates within the Hyperliquid ecosystem.

Earning Points for the Keiko Finance Airdrop

Here are the steps and methods you can follow to start accumulating Keiko Finance points, positioning yourself for a potential airdrop:

Initial Preparation

• Get HYPE tokens: If you don’t already have some, purchase HYPE tokens on the Hyperliquid platform.
• Bridge HYPE to EVM: Use the Hyperliquid interface to bridge your HYPE tokens to an EVM-compatible network that works with Keiko Finance. This is necessary for your wallet to interact with the protocol.
• Swap HYPE for KEI: Visit a decentralized exchange (DEX) like HyperSwap or Kittenswap. Perform a swap transaction, converting some of your HYPE into KEI. You’ll likely need both tokens for subsequent activities.
• Connect your wallet: Go to the official Keiko Finance website and connect your crypto wallet (e.g., Metamask) containing the bridged HYPE and KEI.
• Register for the referral program: This is a vital step to start tracking points. Navigate to the “Points” section on the Keiko Finance interface. Click on “Register Referral.” You’ll need to enter a referrer’s wallet address or alias. For example, you might use “airdropsio” (as per the reference info) or a code from a friend. Click “Submit Referral” to complete your registration.

Earning points through vault management

This is one of the core methods for accumulating points.

• Navigate: Find the “Manage Vault” section within the Keiko Finance interface.
• Deposit collateral: Choose to deposit HYPE or wstHYPE as collateral. Enter the amount you wish to deposit.
• Borrow KEI: Based on your collateral value and the minimum collateral ratio, you can borrow KEI tokens. Borrowing KEI is the primary action that earns points in this method.
• Note: Borrowing larger amounts of KEI (while staying within safe collateralization limits) earns more points. However, it is extremely important to monitor your position closely. Ensure your collateral ratio remains healthy to avoid liquidation if the price of HYPE fluctuates significantly.
• Repay loan and withdraw: You can repay the borrowed KEI and withdraw your collateral whenever needed. However, maintaining an active borrowing position maximizes point accrual.

Earning points through the stability pool:

The Stability Pool plays a crucial role in maintaining system stability by using deposited KEI to pay off liquidated debts.

• Navigate: Go to the “Stability Pool” section on Keiko Finance.
• Deposit KEI: Deposit your KEI tokens into this pool. The more KEI you deposit, the more points you will earn.
• Earn additional rewards: Besides Keiko Finance points, users depositing KEI into the Stability Pool also have the chance to earn HYPE rewards from liquidated vault positions. The estimated Annual Percentage Rate (APR) for this reward is around 2.5-5%.
• Track points: Check your accumulated points from the Stability Pool in the “Points” section.

Earning points through liquidity provision:

You can also earn points by providing liquidity for the HYPE/KEI trading pair on compatible DEXs.

• Visit DEX: Go to HyperSwap or Kittenswap.
• Find ools section: Navigate to the liquidity management section (usually labeled “Pools”).
• Create position: Select “Create Position.” Ensure you switch from the “Concentrated Liquidity Position” option to “Standard AMM” if available.
• Select token pair: Choose HYPE and KEI as the pair you want to provide liquidity for.
• Enter amounts: Input the corresponding amounts of HYPE and KEI you wish to add to the pool.
• Approve and supply: Click “Continue,” then approve the use of KEI (and possibly HYPE) from your wallet. Finally, click “Supply” and confirm the transaction in your wallet.
• Verify: Double-check in the Pools section that your liquidity position is active. This position will now start earning Keiko Finance points for you.
• Risk: Be aware that providing liquidity always involves the risk of impermanent loss, especially when the prices of the two tokens in the pair move significantly relative to each other.

Boosting points through referrals:

Don’t overlook the power of referring friends.

• Get invite code: Return to the “Points” section on Keiko Finance. Find and copy your unique invite code or referral link.
• Share: Share this code with friends, acquaintances, or crypto communities interested in Keiko Finance.
• Earn additional points: When someone registers and participates in point-earning activities using your referral code, you will receive bonus points.

Important notes

Risk management: Always be mindful of the risks involved in DeFi. Liquidation risk when borrowing and impermanent loss risk when providing liquidity are real. Only use capital you can afford to lose.

Stay informed: Follow Keiko Finance’s official communication channels (e.g., X/Twitter) for the latest announcements regarding the points program, protocol changes, and any information about a potential Keiko Finance airdrop.

Maximize points via vaults, the stability pool, liquidity provision, and referrals for the potential Keiko Finance airdrop. Early participation significantly boosts your chances for rewards. For ongoing crypto insights, timely airdrop alerts, and automated trading strategies, make sure you follow Best Trading Bot for expert analysis.