Challenge: SOL COOL 2022
At Galxe, our goal is to break beyond the norm and cultivate genuine and authentic connections between users and brands, powered by the most cutting-edge blockchain solutions.
The Solana Network fits this description perfectly as it supports experiences for power users, new consumers and everyone in between, making it an incredible tool for mass adoption. Due to this, Galxe integrated the Solana blockchain to its existing list of six blockchain ecosystems. This was the first time Galxe added a non-EVM (Ethereum Virtual Machine) chain to its protocol.
The challenge, however, was to incentivize our existing community from the other six EVM chains to Solana.
Solution
Initiated by Galxe and powered by Solana, the “2022 is gonna be SOL Cool” event was an inclusive multi-chain campaign that brought together protocols in one massive campaign. This campaign saw the collaboration of a whopping 27 different protocols on Galxe’s infrastructure, with each protocol contributing and supporting each other’s growth goals.
With a Prize Pool of over $1,000,000 Prize Pool, users embarked on a digital treasure hunt to claim up to 27 NFTs within one campaign.
This included 27 leading protocols such as: Raydium, Wormhole, Apricot Finance, Orca, Slope Finance, Serum, Bonfida, Port Finance, Drift Protocol, Ancient8, STEPN, Sypool, Mango, Genopets, Cyberconnect, 01, Zebec Protocol, Francium, ScareCity, 1Sol, Realy, Solend, Dappio, Jupiter, Marinade, Clover Finance, & SpaceRunners.
Results
The campaign gained traction among the community members in the Solana ecosystem. On top of that, this team-up with Galxe gave the ecosystem a jolt in growth, with over 33,400 new users and each unique user exploring an average of five protocols on Solana.
Success also trickled down to a total of 4,826 users completing 10 or more tasks from different partners involved in the campaign.
Raydium is an automated market maker (AMM) and decentralized exchange (DEX) built on Solana.
Raydium’s tasks of Swapping, Staking, and Farming on the Raydium exchange have generated 19,668 Eligible users and a final credential-based NFT claim count of 5,077
Clover is a one-stop infrastructure platform for cross-chain and decentralized applications.
Clover’s task of downloading Clover Browser Extension Wallet and performing a minimum of one transaction on Solana with any participated project has generated 7,197 Eligible users and a final credential-based NFT claim count of 4,022. A 10,000 increase in new app users on Clover Wallet
STEPN is a web3 running app with fun social and game elements. STEPN motivated its participants to move by rewarding them when they downloaded their app, bought an in-app sneaker and followed their socials.
STEPN’s task of buying a Sneaker in-app and move to earn $50 has generated 3,043 new eligible users
Wormhole’s token bridge enables seamless asset transfers between the seven supported networks — Ethereum, Solana, Terra, BNB Chain, Polygon, Avalanche and Oasis. This event brought a substantial increase in new users to the platform.
80% increase in Discord users (8,323 to 15,100)
28% increase in Twitter followers (44.7k to 52.9k)
Wormhole’s task was to send any tokens from Solana to any supported chain using the Portal and has generated 8,935 eligible claimers, with a final credential-based NFT claim count of 5,401
Bonfida offers multiple Key products on the Solana infrastructure, including the Solana Name Service, Audaces Protocol and Bonfida Bots. Bonfida tasked users to acquire their .SOL domain name, which drove a significant product growth.
4,935 new domain names registered during the campaign period
3,427 credential-based NFT were minted specifically for the event
22% growth over two weeks
Project Serum is a decentralized liquidity infrastructure protocol that brings a fully functional centralized exchange experience – fully central limit order books, matching engine, fast settlement and trading, and low transaction costs – to the DeFi marketplace at scale.
Serum’s trading task of trade buying at least $25 of SRM using USDC during the event — “This year is gonna be so cool” on Atrix.finance has generated 5,180 eligible claimers, with a final credential-based NFT claim count of 4,427
Port Finance is a full suite of interest rate products that offers variable rate lending, fixed rate lending and interest rate swap.
Port Finance’s task of lending at least 5 USDC on their Fixed Rate Lending Product and staking a minimum of 1 PORT in PORT x Tribeca Governance has generated 4,595 eligible claimers, with a final credential-based NFT claim count of 4,423
Orca is the most user-friendly general purpose DEX on Solana. It is one of the first AMMs launched on Solana and we strive to provide easy and effective financial tools for everyone, bringing DeFi to the masses.
Orca’s task of swapping on Orca (minimum of $5 USDC or equivalent) using any of the pairs with the ORCA token generated 7,571 eligible claimers with a final credential-based NFT claim count of 5,864
Ancient8 is building a DAO that develops a community and software platform to enable everyone to play and build the Metaverse while earning rewards.
Attracted 36,566 new Discord members ( 221% increase )
Ancient8’s Social Following Contest has attracted 38,101 eligible claimers with a final credential-based NFT claim count of 8,970
Francium is a DeFi Strategy Platform on Solana. On Francium, you will find bespoke yield strategies and a decentralized strategy building infrastructure designed and built specially for you DeFi users.
Francium’s task of opening a farming position with at least $120 on Francium has generated 1,100 new users
The campaign has generated 7,709 eligible claimers with a final credential-based NFT claim count of 4,010
Jupiter is the key liquidity aggregator for Solana, offering the widest range of tokens and best route discovery between any token pair. We aim to provide the most friendly UX for users and most powerful tools for developers to allow them to easily access the best-in-class swap in their application, interface or on-chain programs.
Jupiter task’s of swapping on Jupiter (minimum of 5 USDC or equivalent) using any token pairs during the campaign period has generated 7,707 eligible claimers, with a final credential-based NFT claim count of 5,776
Marinade Finance is the first and largest non-custodial liquid staking protocol built on Solana.
Marinade’s tasks of getting the Marinator role on their discord channel has generated 5,278 eligible claimers, with a final credential-based NFT claim count of 4,412
Apricot is a next-gen lending protocol that supports leveraged yield farming on Solana. Their mission is to help users maximize yield while protecting their downsides.
The campaign has attracted 5,292 new users/ new wallets
Apricot Finance’s task of making a deposit of $50 or greater, and enable Apricot Assist on the Apricot Platform with a new wallet has generated 4,811 eligible claimers with a final credential-based NFT claim count of 4,488
Slope Finance is a mobile decentralized exchange and wallet. This campaign required users to download the app and Stake on slope.
Slope’s task of staking 100 USDC/USDT via Slope Wallet in the ‘Slope× Galxe Staking Camp’ has generated 4,092 eligible users and 100% of them claimed the final credential-based NFT
01 is a trade fully decentralized derivatives on a fully on-chain limit order book powered by Serum, with cross-collateralization and cross-margining.
01’s task of making a deposit of minimum $10 and trading a minimum of $100 USDC on any market has generated 4,843 Eligible users with a final credential-based NFT claim count of 4,685
1Sol Protocol is a cross-chain DEX aggregator for decentralized protocols on Solana, enabling the most seamless, efficient and protected operations in DeFi.
1Sol’s task of holding 100 1Sol tokens and joining their discord has generated 3,880 eligible users with a final credential-based NFT claim count of 3,947
Developing via Unreal Engine, Realy Metaverse will be a virtual city with AAA graphics. Realy focuses on street culture by merging real-world names including fashion brands, graffiti artists, art toy brands, rappers and skateboards with metaverse.
Realy’s task of purchasing a digital streetwear on Realy and joining their discord group and following Realy’s Twitter has generated 266 Eligible users and a final NFT claim count of 196
Mango offers perpetual futures and spot margin trading as well as borrow/lending.
Mango’s task of deposit $7 or more, and trade more than $20 total perp volume has generated 20,825 eligible users with a final credential-based NFT claim count of 4,023
CyberConnect is a decentralized social graph protocol.
Cyberconnect’s task prompted users to follow at least 9 participants for the “This year is gonna be Sol good” campaign featured on CyberConnect’s front page have generated 12,579 credential-based NFT claim count and 37,608 Page visits
Space Runners is the first Metaverse Fashion brand on Solana in collaboration with artists and athletes.
SpaceRunner’s task of joining their social media and owning a SpaceRunners NFT has generated 5,374 eligible users
SYPOOL rewarded users with NFTs once they had staked on the Sypool platform. The results speak for themselves:
Increased the staking volume by 150%
The Staking task helped them reach 107k followers on Twitter and 19,335 new site views from the Sypool campaign
The campaign attracted 3,692 eligible users/stakers in which all users have claimed the credential-based NFT
The campaign has also generated 6.7 millions staked tokens ($SYP)
Zebec, which is a platform that empowers real-time, frictionless and continuous streams of payments asked participants to deposit & stream 10$ worth of SOL /USDC/USDT on its platform.
The SOL Cool Campaign generated a good number of transaction volume and visitors for ZEBEC, with over 5,000 eligible transactions and a 15% rise in both Twitter and Discord members
Zebec’s task of deposit & stream 10$ worth of SOL /USDC/USDT on Zebec has generated 5,047 eligible users and a final credential-based NFT claim count of 4,742
Drift, a decentralized, fully on-chain perpetual swap exchange on Solana, prompted users to trade on its exchange.
Increased by 64% its total unique active users
Increased by 89% its trading volumes (66M to 125M)
Increased by 29% it’s cumulative Trading Volume (2.7B to 3.5b)
Drift Protocol’s task of trading at least $150 USDC on Drift Protocol generated 5,625 eligible users and a final credential-based NFT claim count of 4,629
ScareCity is a collection of 30 unique NFT characters with their own hand-drawn variations, each more scarce than the last, had users achieve tasks via a Gleam Form.
Attracted 14k new followers on Twitter and Discord, a 10x increase
198 of participants minted at least one ScareCity NFT and grew the holder address about 17.8%. 20 participants minted more than 2 NFTs, and the highest holding wallet had 13 NFTs
Scare City’s task of social campaigns has generated 12,905 eligible users and a final credential-based NFT claim count of 7,576
Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. Solend asked user to deposit and borrow on Solend.Fi.
Gained 4,172 new users
Solend’s task of Deposit and borrow on solend.fi has generated 4,172 eligible user and a final credential-based NFT claim count of 3,974
Dappio Wonderland is an one-stop solution that aggregates yields cross DeFi and GameFi offerings.
Gained 8k new Twitter followers
Dappio’s campaign was focused on Social Growth, with task such as : Follow, Like, Retweet and join their discord has generated 7,971 eligible user and a final credential-based NFT claim count of 5,796
Genopets is the world's first Free-to-Play, Move-to-Earn NFT game on Solana that makes it fun and rewarding to live an active lifestyle.
Discord Member Growth: 7,000
7,845 Net new Twitter Followers
10,025 Net new Beta Sign-ups
Genopet’s campaign was focused on having users signing up to their Private Beta and has generated 51,034 eligible users with a final credential-based NFT claim count of 10,492
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