Hey All;
What a day to see your portfolio having some extra assets and that too they are worth $250+. I wasn't familiar with anything tied to SOMM tokens being Airdropped to folks who have provided liquidity on different pools on the Osmosis DeFi Blockchain. Frankly, speaking I don't keep a close eye on what the progress is being made here on the Osmosis DeFi Blockchain as my stake is not that much; which is worth only $600+ as compared to my stake in Cubdefi which is like a couple of thousands of dollars here on cubdefi platform
So coming to the great news; I log on to the Osmosis today morning and see this little surprise where I see my available assets showing me a number which is like more than $250+. This gives me an indication/hint that something has happened and I start exploring.
I look for news on the internet to see if there was any AirDrop planned for liquidity providers on the Osmosis DeFi Blockchain or something similar docs that I could find out to give a piece of information as to what has happened. And here is what I found out::
Sommelier Airdrop - claim your tokens before March 31, 2022
- Step1. Vist - SOMM finance Website & connect your Osmosis wallet address that should be starting with -"osmo"
Step2. SOMM Osmosis Rewards
Once you have entered your Osmosis wallet address, click check rewards button and boom. If you are eligible for the rewards you see a screen like above indicating how many SOMM tokens were sent to your wallet.
Currently, SOMM token is trading close to $3+ but before this huge fall could happen. I thought of exchanging these tokens with OSMO and got 31 OSMO tokens exchanged with 69 SOMM tokens.
The plan, for now, is to HODL Osmosis tokens and at a later point in time trade them for my favorite coins. Probably the plan could be that I may land up buying more HBD [Hive Backed Dollar] and park them in the HBD saving account and finally come one step closer to my Goals of having 10K+ HBD in savings.. but for now, it's kinda:: watch, wait & HODL game plan for me.
Image Courtesy:: sommelier.finance, osmosis, coingecko
Best Regards