Steamm is an automated market maker (AMM) that uses unused funds to earn extra returns by lending them through Suilend protocol.They have recently launched STEAMM Beta and users can test out their platform. This means they could potentially reward users in the future with a token airdrop! Here is our Steamm token airdrop guide.
What is Steamm?
STEAMM is a Superfluid Automated Market Maker (AMM) that optimizes idle liquidity by depositing it into Suilend for additional yield. It currently supports constant pools, which use a formula similar to Uniswap V2, and offers trading pairs like SUI-USDC and wBTC-SUI with varying fee tiers. A 20% protocol fee is applied to swaps, with the remaining 80% distributed to liquidity providers.
How to get the Steamm token airdrop?
Time needed: 5 minutes
Here is a guide on how to get the potential Steamm token airdrop
- Connect to Steamm
Go to https://steamm.fi/ and connect your wallet. You will need to use a wallet that supports the Sui network.
- Swap assets
Go to the swap section by clicking “Swap” at the top of the page. Swap some USD to Walrus ($WAL) tokens.
- Add liquidity
Click “Pools” and choose a pool to add tokens.
- Earn points
Depositing tokens into certain liqudity pools in step 3 above allows you to earn points. Earn more points to move up the leaderboard!
Latest News on Steamm
Steamm: Fueling Your Airdrop Hunt with Ongoing LP Rewards!
Hey Airdrop Hunters! Get ready to dive into the latest from Steamm, the concentrated liquidity AMM on Sui. While there haven’t been any explicit “airdrop snapshots” or “new NFT claims” announced, Steamm is consistently dishing out juicy Liquidity Provider (LP) rewards across several pools, which are prime opportunities to potentially qualify for future incentives or simply earn some serious yield.
Steamm’s focus is on driving deep liquidity and capital efficiency, and they’re rewarding LPs generously. If you’re looking to farm tokens and position yourself for potential future airdrops, providing liquidity on Steamm could be a smart move.
Ongoing LP Reward Seasons
Steamm has been regularly refreshing and offering rewards for LPs, with new cycles occurring roughly every two weeks. This means continuous opportunities to earn tokens like sSUI, WAL, DEEP, ALKIMI, and SEND by contributing to their liquidity pools. These aren’t one-off events but rather an ongoing incentive program to attract and retain liquidity.
The rewards structure can vary by pool and token, but the consistent theme is that LPs are being compensated for their participation. Keep an eye on Steamm’s official Twitter for the latest reward announcements and pool refresh dates.
Recent Reward Program Highlights:
| Pool Pair | Current/Recent Rewards (Approx.) | Tweet Link |
|---|---|---|
| WAL-USDC, SUI-USDC, IKA-SUI, xBTC-USDC | 23,310 sSUI, 189,365 WAL (as of Sep 16) | Link to Tweet |
| WBTC-SUI | 22,500 DEEP (as of Sep 16) | Link to Tweet |
| WAL-USDC | ~212% APR (as of Aug 20) | Link to Tweet |
| WAL-USDC CPMM | ~13% APR from Suilend deposits + ~37% APR from trading fees (as of Aug 21) | Link to Tweet |
| ALKIMI-SUI | Additional ALKIMI and SEND rewards (launched Aug 19) | Link to Tweet |
Why LP on Steamm?
Beyond the direct token rewards, providing liquidity on Steamm could be a key action for those eyeing future airdrops. Projects often reward early and active community members, and being an LP is a fundamental form of participation in a DeFi ecosystem. Steamm has demonstrated significant growth, with monthly swap volume hitting new all-time highs and crossing half a billion in real swap volume recently. This indicates strong usage and potential for future incentives.
While Steamm hasn’t announced any direct airdrop events, their consistent reward programs for LPs make them a project to watch and participate in if you’re looking to earn yield and potentially qualify for future ecosystem rewards.
Stay connected with Steamm’s official channels for the most up-to-date reward announcements and pool details!
Angela Wang
Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.