Celestia Staking Updates And 2024 Expectations

This weird journey in the Cosmos ecosystem started when I was one of the 576,653 addresses meeting the criteria for the Celestia Genesis Drop. The new modular data availability network that securely scales with the number of users was ready to storm the Cryptoverse.

I had zero knowledge or activity with Cosmos or Atom or whatever tokens are powering the ecosystem. I was suprised by the drop and started the research. The Celestia Network is built on the Cosmos SDK and stands as the pioneer modular blockchain network that enhances verifiability in proportion to the number of users. The main focus is to allow the users to effortlessly launch their own blockchain with minimal setup requirements.

The Celestia mainnet will consist of rollups that use the network as data availability and consensus layer. The capability of the network nodes to download transaction information and store the information will scale to the needs of the users. This means no more crazy fees for simple transactions?

Celestia operates as a public chain, recording transaction history and ensuring data accessibility, with the ability to deploy your own blockchain in minutes. The dynamic scaling is unlocked by data availability sampling, and the number of user will not impact the speed of transaction. Developers can use Celestia to build sovereign rollups, the type of self-governing blockchain with minimal platform risk.

I was in doubt either to HODL or dump, so I've gone semi-degen with the $TIA tokens. Therefore I cashed out some profit and locked 100 tokens. Time will tell if this was the perfect choice... but getting eligible for DYM and ALT airdrops shows that holding half of the TIA bounty was a good decision.

I swapped 128 $TIA on Kucoin, fort $658 USDT and let me tell you I have no regrets! This airdrop was unexpected and without any effort I received a Christmas bonus! I watch it go close to $20 in few weeks, sometimes feeling that $5.16 was too low to sell! Who cares... it could been the opposite and go to $2 or less. Crypto is all about opportunities, and you are not in profit until you cash out!

The staked tokens farmed better in the first days, then steady when the APY stabilized close to 17%. Claimed the reward for December and compounded the tokens into the same validator. The plan is to repeat the process at the end of each month, and slowly grow the portfolio.

Dark mode was available and I do prefer it. You know why? Because light attracts bugs! Claimed the January rewards, as I said I will do, and added a big chunk back into the P2P validator. I used a small share to explore MilkyWay, as there are rumors about another airdrop.

The amount of TIA grew in value, as the token's value is approaching $20, and the APR maintained at a good level. The APR at the start of February was 15.72%, which was still decent.

Expectations for 2024? Receive few more airdrops as a $TIA staker! It looks like all new modular chains are planning to reward Celestia OGs, and it started with the Dymension drop. Saga and AltLayer also announced that $TIA holders will be considered for airdrops.

The blockchain revolution started and staking $TIA was a good decision. This move made me eligible for perpetual airdrops and this may be just the beginning. The TIA stakers were fortunate to get a bigger slice of the airdrop, and my estimate share was 205 $DYM tokens.