Decentralised News Logo

How to Claim $YFX Token Airdrop

$YFX Airdrop: How to Claim Tokens.

Since its migration to Arbitrum following the launch of V3, YFX has completed two updates and has been operating effectively on Arbitrum for over a year. Benefiting from Arbitrum’s low fees and high transaction speeds, YFX has also enjoyed robust support within the ecosystem, including significant backing from the official Arbitrum team.

In its V4 iteration, YFX has embraced a decentralized transformation and has decided to initiate a large-scale airdrop. All users who fulfill the eligibility requirements are invited to claim YFX tokens via the official YFX website, where only Arbitrum gas fees apply, with no additional restrictions.

The total airdrop allocation is estimated at 3,000,000 $YFX tokens, available on a first-come, first-served basis until the supply is exhausted. Those who miss out on this opportunity can engage with by trading, adding liquidity, mining, and using the referral system to earn rebates. Meeting the engagement criteria may qualify them for $YFX airdrops in future rounds.

The initial Airdrop Period is scheduled from 12:00 (UTC) on May 16th, 2024, to 12:00 (UTC) on July 16th, 2024.

Eligibility Criteria includes:

  • Arbitrum Traders: Active addresses that have engaged in trading on Arbitrum DEX or Derivative Protocols such as GMX, GNS, MUX, Vela, Level, Equation, HMX, KTX, AARK, APX, etc.
  • YFX Partners: Exclusive rewards are available for YFX partners on Arbitrum.
  • YFX Traders: Individuals who have engaged in trading on YFX V4.

Claiming Process

  1. Navigate to and select the “Airdrop” button on the homepage.
  2. Connect your wallet and verify your claimable amount.
  3. Click “Claim” to transfer YFX tokens directly to your wallet.

Potential uses for $YFX

  1. Selling: While $YFX tokens can be sold on platforms like Uniswap or where they are listed, holding and utilizing them within the ecosystem is highly recommended.
  2. Trading BTC/ETH: With YFX V4, users have the option to trade BTC or ETH using $YFX, with the possibility of leveraging up to 200x

How to Claim $YFX Token Airdrop: Step-by-step Guide

Go to the airdrop official site.Connect your web3 wallet. For this demonstration, we’ll be using MetaMask.

Once your wallet is connected, you’ll be able to see how many $YFX Tokens you are legible to claim.

Once you click claim, you’ll be able to give your wallet permission to interact with the protocol. 

Confirm the gas fee.

Add the $YFX token contract to your wallet:


Once you’ve claimed your tokens, you have the option to swap them for other tokens or hold. 

Since we’re always looking for ways to increase capital, we are going to stake $YFX in their upcoming Earning System, where users can stake their $YFX to earn more $YFX.

In addition, you can also add liquidity to the BTC_USD (YFX) Pool and ETH_USD(YFX) Pool, where you’ll be able to add liquidity with up to 200x leverage using $YFX token.

YFX V4 Mining Introduction

YFX V4 is set to launch its Earning (Token Mining) System on May 23rd, 2024. YFX users will be able to participate in mining through a variety of methods. Users who receive YFX tokens from the airdrop can stake them for mining to earn long-term rewards.

YFX V4 Mining Details:

More about YFX V4: Introducing YFX V4: The Optimal Solution for Decentralized Perpetual Protocol

Media Links:




Get the most talked about stories directly in your inbox

About Us

We are dedicated to delivering the best digital asset news, reviews, guides, interviews, and more. Stay tuned!


Copyright © 2024 Decentralised News. All rights reserved.