Written by: Alex Liu, Foresight News
Aptos, a public chain created by former members of Facebook’s blockchain team Diem, has raised an impressive $350 million. After launching the mainnet over a year and a half ago and providing a significant airdrop on the testnet, the ecosystem projects are growing in maturity, though most have yet to release their tokens. How can one maximize profits and interactions within the Aptos ecosystem? This article highlights the potential projects within the ecosystem and presents detailed interaction paths.
DeFiLlama ranks the top 5 protocols within the Aptos ecosystem by TVL, with only Thala having released its tokens.
Potential Projects
Aries Markets
Aries Markets is the largest lending protocol by TVL on Aptos and across all categories. It has qualified for incentives from the Aptos Foundation, where users can earn APT token subsidies by depositing and borrowing zUSDT and zUSDC (USDT and USDC bridged by LayerZero) in the protocol, offering attractive interest rates. Apart from receiving airdrops, it is also a good platform for daily deposits and borrowings.
Aries Markets has introduced a point system where users earn 1 point for every dollar deposited and 3 points for every dollar borrowed. To participate in the Aries airdrop, users need to register on the points page, link their Twitter account, and engage in deposit and borrowing activities within the protocol.
Amnis Finance
Amnis Finance is a liquidity staking protocol on Aptos where users can exchange APT 1:1 for amAPT, which can be redeemed for an equal amount of APT after a month or traded at a discount of about 1% on a DEX. By staking, users can accumulate stAPT rewards similar to wstETH.
Amnis Finance is currently running a retroactive airdrop activity with various participation methods, including minting amAPT and staking for stAPT, holding amAPT and stAPT in the wallet to earn points hourly, providing liquidity for amAPT-APT pairs on Pancake Swap or LiquidSwap, and lending stAPT to protocols like Aries Markets for additional point multipliers.
LiquidSwap
LiquidSwap is the first DEX on Aptos, developed by Pontem Lumio, which has received funding from prominent investors such as Mechanism, Lightspeed, Faction, and the Aptos Foundation. It also supports the Move language and integrates with Lumio, an Ethereum L2, and the Pontem wallet within the Aptos ecosystem. Interacting with LiquidSwap can potentially lead to airdrops from promising projects like Lumio.
LiquidSwap has launched an airdrop registration page where users need to register to participate. Besides an Aptos address, users can also connect EVM and Solana addresses.
The airdrop page emphasizes that trading activities on LiquidSwap will determine the rewards received. The platform has set different trading volume thresholds with corresponding rewards, ranging from small items like coke to bigger rewards like a Cybertruck or even a house based on trading levels.
By providing liquidity in LiquidSwap’s pool and staking in the farm, users can earn rewards in APT and other tokens.
Cellana
Cellana is the largest DEX on Aptos utilizing the Ve(3,3) model and has conducted token airdrops with further expectations. Users who have engaged in Aptos DeFi activities before February 25th or bridged to Aptos via LayerZero between January 1st and February 25th can check their eligibility for the airdrop.
Cellana distributes airdrops in the form of veCELL NFTs, which have a two-year lockup period before being fully tradable. However, users can trade them on the secondary market and receive a 40% annual voting reward.
Cellana recently completed the first round of its second phase airdrop to liquidity providers. The LP rewards on Cellana are also lucrative, making it a platform worth exploring.
Multiple Profit Paths
1. Stake APT to earn stAPT on Aries Markets, borrow APT, exchange half for amAPT on LiquidSwap, and provide amAPT-APT pair liquidity on LiquidSwap.
2. Deposit zUSDT/zUSDC on Aries Markets, borrow zUSDC/zUSDT, exchange half of the borrowed stablecoins on LiquidSwap for another stablecoin, and provide stablecoin pair liquidity on Cellana.
