I.Introduction to the Satori Finance project
Satori Finance is a derivatives exchange launched in March 2023, operating on the networks: Polygon zkEVM, zkSync, Linea, Scroll and Base.Satori has raised 10M $ from quite large backers in May 2022, leading are Polychain and Blockchange leading, along with Jump Crypto, Coinbase Ventures, Portal.
At some point, Satori used to be the leading volume of derivatives of all zk systems such as Polygon zkEVM, zkSync, Linea, Scroll and Base. However, at present, Satori has also begun to slow down and can no longer maintain that position. Recently, April 1, 2024 Satori launched version V2 providing more features such as: Swap, Pool, launchpad (ido) and also launched a point calculation system so users can farm airdrop when issuing tokens.
And that is the reason I have this article. I have also followed the Satori Finance project for quite a long time since December 2023, so I also understand the relevant information about this project and below I will guide everyone in detail how to do it. Participate in airdrop farming on Satori Finance floor.
II.Information about farm point campaign
Currently Satori Finance has 2 point farming campaigns and these points will be converted into airdrops when the project releases tokens, this has been confirmed on the project's discord.
1.Retroactive (ended)
This is a campaign that Satori Finance did not announce in advance and ended on April 1, 2024. Specifically, users who used Satori before April 1, 2024 will have points calculated based on the volume traded. I also received about 170k points with a rank of 710.
Season 1 (Ongoing)
This is a campaign that Satori has just launched in its V2 version on April 1, 2024. Specifically, users can earn points through activities such as:
Deposited
Number of trades
Volume traded
Trade time
Liquidity provided
So all of the above activities will be calculated as points and the current point calculation formula is not announced by Satori. Your task now is to deposit money into Satori and trade, trying to get 50k - 100k volume. to get a certain amount of points.
In this campaign Satori is reducing transaction fees to only 0.02% for limit orders and 0.04% for market orders, this fee is 2 - 3 times cheaper than exchanges like Logx, Drift, Zeta Market...
More details about satori v2 campaign: https://medium.com/satorifinance/introducing-satori-v2-d4839985d465
Instructions for farming points
To farm points on Satori is quite simple, your job is to deposit money into the floor and then trade long/short derivative orders similar to previously farmed projects: aevo, logx...
Step 1: Register an account
Currently Satori supports different layer2 networks. If you have money on any network, please choose one of the links below to register an account:
ZKsync: https://zksync.satori.finance
Line: https://linea.satori.finance
Base: https://base.satori.finance
Scroll: https://scroll.satori.finance
Polygon ZKEvm: https://zkevm.satori.finance
P/S: All links contain referrals so everyone can support me or delete them, I don't take it lightly.
Here, I encourage you to choose the zksync network, because after this article, I will post an article about farming a similar project in the zksync system that is quite delicious, so after farming enough volume on Satori, I will move to the project. Another project to continue.
Step 2: Deposit money
Here you need to prepare USDC on the network you want to farm, I prioritize the ZKsync network. You access the Portfolio -> Deposit section to deposit money into Satori.
Step 3: Trade
In this step, you proceed to place a Long/Short order on satori. Anyone who has ever traded derivatives will not find this strange anymore. To save costs, everyone can use limit orders, the fee is 0.02%. 1 more than the market order.
After successfully trading an order, everyone's points will be calculated the next day based on many criteria such as: volume, order holding time, deposit volume...
Everyone can review their scores in the Leaderboard section
Some note
Derivatives trade is quite good with spot, so those who have never farmed derivatives should consider it.
You can use the limti command to save half the cost
Points will be updated the next day
The campaign lasts 3 months so there's plenty of time to farm
DONE! For more details, you can see more in the video on my Twitter account, tw:trangchongcheng
