How to Participate:

Step-by-Step Guide to Joining the Gem Rush Airdrop

Necessary Steps:

• Ensure you have ETH available on the Ethereum mainnet to cover gas fees.
• Obtain the necessary collateral tokens (WBTC, tBTC, cbBTC, sUSDe, scrvUSD, sDAI, sfrxUSD, sUSDS).

Tip: Acquire ETH on Binance or bridge to the mainnet using Rhino Bridge for the best rates. Once you have ETH, convert it to the collateral tokens using the DeFiLlama swap platform.

1. Mint USDaf Using Bitcoin (2x Gems)
   • Access the Asymmetry Finance platform.
   • Connect your wallet with WBTC, tBTC, or cbBTC.
   • Provide the Bitcoin-backed token as collateral.
   • Set your desired borrow rate and interest structure.
   • Mint USDaf tokens.
2. Mint USDaf Using Stablecoins (2x Gems)
   • Connect your wallet that holds yield-bearing stablecoins (scrvUSD, sDAI, USDS, sfrxUSD, or sUSDe).
     • Recommended Strategy: Obtain USDe from Binance, withdraw to your wallet, and then stake USDe for sUSDe via Ethena for additional earnings.
   • Provide your chosen stablecoin as collateral.
   • Adjust your borrow rate and interest settings.
   • Mint USDaf tokens.
3. Stake USDaf for sUSDaf (2x Gems)
   • Connect your wallet with USDaf.
   • Choose the staking amount.
   • Deposit USDaf to receive sUSDaf (staked USDaf).
   • Confirm the transaction.
4. Contribute to Stability Pool (2x Gems)
   • Connect your wallet with USDaf tokens.
   • Select a Stability Pool to deposit into.
   • Confirm your deposit amount.
   • Complete the transaction.
5. Provide Liquidity for USDaf/USDC/USDT on Curve (2x Gems)
   • Visit the Curve Finance USDaf/USDC/USDT pool.
   • Select “Deposit” and contribute your liquidity.
   • Finalize the transaction.
6. Provide Liquidity for USDaf/USDT on Uniswap (2x Gems)
   • Open the Uniswap Pools section.
   • Select the USDaf/USDT pairing.
   • Inject equal value liquidity to both assets.
   • Complete and confirm the transaction.
7. Mint afCVX (1x Gem)
   1. Connect your wallet with CVX tokens.
   2. Specify the amount to mint.
   3. Confirm the minting transaction.
8. Provide Liquidity for afCVX (1x Gem)
   • Go to Curve Finance and find the afCVX liquidity pool.
   • Select “Deposit” to add afCVX liquidity.
   • Finalize the transaction.
9. Lock ASF for veASF (1x Gem)
   • Connect your wallet with ASF tokens.
   • Select lock duration (up to 52 weeks).
   • Deposit ASF tokens to acquire veASF.
   • Complete the locking transaction.

Maximizing Your Gem Rewards

Referral Program Highlights

• Distribute your unique invite link among friends and community members.
• Earn a 12.5% bonus on total Gems your referred users accumulate.
• Engage in the monthly King of the Hill competition.

King of the Hill Contest

Each month, the top three referrers gain significant rewards:

• 1st Place: 1,000,000 Gems
• 2nd Place: 500,000 Gems
• 3rd Place: 250,000 Gems

Gem Rush Jackpot

Every two weeks, one active participant from the leaderboard will win prizes, including $ASF tokens and additional Gems. Staying active enhances your chances of winning.

Key Terminology Explained

• USDaf: The native stablecoin of Asymmetry Finance, allowing customizable fixed interest rates during borrowing.
• sUSDaf: The staked variant of USDaf that generates additional yield while aiding the protocol’s stability.
• Gems: Reward points distributed throughout The Gem Rush campaign, redeemable for future benefits.
• veASF: Vote-escrowed ASF tokens granting governance capabilities and enhanced incentives within the Asymmetry DAO.
• Stability Pool: A system where users can deposit USDaf to help maintain protocol stability in exchange for rewards.

Frequently Asked Questions

When can I redeem Season 2 Gems?

Season 2 Gems will be available for redemption at the start of Season 4. The specific date for Season 4’s commencement has yet to be revealed.

What collateral tokens are accepted?

The supported collateral includes Bitcoin-backed tokens (WBTC, tBTC, cbBTC) and yield-generating stablecoins (sUSDe, scrvUSD, sDAI, sfrxUSD, sUSDS).

How often are Jackpot winners announced?

Jackpot winners are chosen every two weeks from participants on the leaderboard.

Can I join multiple activities at once?

Absolutely! You can engage in all available quests to maximize your Gem earnings. Each activity can be repeated multiple times for ongoing rewards.

What if my referral turns inactive?

Your referral bonuses are solely based on the actual Gems earned by active referrals. Inactive users won’t contribute to ongoing rewards.

Conclusion

The second installment of the Asymmetry Finance Gem Rush offers a robust opportunity for users to earn while navigating advanced DeFi borrowing techniques. By participating in the diverse activities offered and leveraging the referral incentives, users can accumulate substantial Gem rewards while experiencing the advantages of fixed-rate borrowing and liquidity provision.

The structured campaign encourages community engagement and individual participation through its reward systems and competitions. Since Season 2 Gems will be redeemable in Season 4, early adopters can strategically position themselves for future token distributions while supporting and growing the Asymmetry Finance ecosystem.

To maximize success in The Gem Rush, users are encouraged to remain actively involved in various DeFi tasks, ranging from simple minting to extensive liquidity provision efforts. A diversified approach combined with a strong referral network will optimize potential rewards from this exciting airdrop event.