Seeking Yield on $37M Ether Treasury, JPEG'd DAO Mulls Airdrop Farming
Summary
JPEG'd DAO, an on-chain lending project that uses NFTs as collateral, is considering deploying up to 50% of its ether (ETH) treasury to airdrop farming strategies. The proposal, known as PIP-85, could see the platform use nearly $19 million worth of ETH tokens on EigenLayer and Blast, two popular platforms for airdrop hunters in the Ethereum ecosystem. These protocols are expected to reward users with potentially valuable tokens in the future, attracting billions of dollars of crypto capital. The move is seen as a way to solidify the treasury at low risk.
