Seeking Yield on $37M Ether Treasury, JPEG'd DAO Mulls Airdrop Farming

The pursuit for high-succumb crypto outlays owns riled one on-chain resources vacancy to ponder emitting its treasury in airdrop farming, a favorite hobby for a boatload of trading degens.

JPEG’d DAO, the administration group that runs the Ethereum-based resources belvedere that accepts NFTs as security, on Monday began voting on a suggestion to emit up to 50% of its ether (ETH) treasury to “airdrop farming approaches.”

So-labelled PIP-85 can search through JPEG’d DAO manipulate virtually $19 million well worth of ETH tokens on EigenLayer and also Blast, two of the most modern places for airdrop seekers in the Ethereum ecological ecosystem right now. Both approaches are intended to payback their individual with perhaps favourable tokens in the future. That expectation owns riled billions of dollars of crypto capital – a boatload of which is from airdrop farmers – to blood circulation right into their approaches.

“The DAO is resting on a nourishing treasury and also there are chances to solidify the treasury at low bugbear,” pseudonymous JPEG’d determinant 0xTutti told CoinDesk.