$HARBOR Airdrop $$ Status- Claimed

If you are an avid @leofinance user then you must know a secret. Well, it is an open secret which has not been explored well. That's my view and I am wrong most of the time.

The platform has a feature that gives you the opportunity to engage within communities. Not all users are interested in one specific ecosystem or project. To cater the interest of few users, users are leading the communities that interest them. One of such communities is dedicated to COMDEX ecosystem. And, if you happen to stroll into that community you will notice all the shiny new updates. Well, the last post was added 17 days ago :P

Why I refer to this community is to re-introduce one of the ongoing COSMOS airdrop. It is about Harbor protocol. Go to the community link here to learn more about the airdrop as community members have explained in detail what the project is about.

Another stablecoin

In short, it is a Harbor protocol is an interchain stablecoin issuance protocol on the Comdex chain to mint Composite ($CMST), an over-collateralised interchain stablecoin . The $CMST stable coin is soft pegged to the US Dollar through a pegging mechanism inspired by MakerDao’s mechanism for the $DAI stablecoin.

Let's focus on the airdrop

The protocol airdropped two tokens to users who have used one or multiple COSMOS projects. I happened to dab into OSMOSIS, COSMOS and COMDEX staking since the end of the last bull run - what a timing. That engagement allowed me to receive 48$harbor and 192 veHarbor tokens. I am not sure what the value of these tokens will be but it is free. Free is always (not) good.

The airdrop is live and will end in 68 days from today. Users need to complete multiple missions to claim 100% of airdropped tokens. The missions that one needed to receive airdrops are designed in a very smart way. The process takes you through the multiple components of the project and will introduce you to mint the stablecoin, stake $harbor tokens and other available functionalities. Here is a list of tasks that you must complete:

Mint CMST on Harbor
Vote on proposal
Lend $CMST on Commodo platform
LP on cSwap dex in the ATOM/CMDX Pool and Farm your LP Tokens

I completed two of the four missions. Voting on the proposal requires you to have $cmdx in your wallet for transaction fees. I also provided liquidity on cSwap ATOM and CMDX pool and farmed the LP tokens as required. That means I now need liquid ATOM on cmdx network to mint stable coin $cmst. The minimum amount to mint is 100. I will wait a couple of days for the minting and lending $cmst.

My thoughts

Any project that is building during bear market is a good project. COMDEX is one of those active projects that is updating regularly. They have many new components coming out. Having a stablecoin in the cosmos ecosystem always helps. I don't know the viability of this project or how the project will shape in the future. I am already concerned about the future of defi and the growth it will chart in 2023. So, I do not have high hopes but nobody knows the future. I am rather happy to receive the airdrop, stake it and sell it high if the price pumps early.

For now, let's complete the missions and bag the airdrop $$$tokens

links
https://app.harborprotocol.one/
How to claim the drop- MEDIUM