What is Asymmetry Finance?
Asymmetry Finance is a borrowing platform that enables users to borrow against their crypto-assets in a decentralized manner. The protocol’s primary product is USDaf, a stablecoin that allows borrowers to set their own fixed interest rates, providing greater flexibility compared to traditional DeFi borrowing models. The platform leverages a friendly fork of
Liquity V2 technology, ensuring robust security for its borrowing and lending operations. The protocol focuses on the synthetic dollar market, offering users a permissionless and transparent alternative to conventional borrowing platforms.
Asymmetry Finance Airdrop Details
Asymmetry Finance is currently running “The Gem Rush” airdrop campaign, with Season 2 launching on May 28, 2025. This campaign rewards users with Gems for completing various DeFi activities on the platform, including minting USDaf, providing liquidity, and participating in governance through staking. The airdrop operates on the Ethereum mainnet and requires participants to interact with multiple aspects of the Asymmetry Finance ecosystem. Users can earn Gems by borrowing against Bitcoin-backed tokens (WBTC, tBTC, cbBTC) and supported stablecoins (sUSDe, scrvUSD, sDAI, sfrxUSD, and sUSDS). Additional rewards are available through liquidity provision on platforms like Curve Finance and
Uniswap. The campaign includes special incentives such as the Gem Rush Jackpot, where participants are randomly selected every two weeks to win prizes including $ASF tokens and additional Gems. Season 2 Gems will be redeemable at the beginning of Season 4, indicating a structured reward distribution timeline.
Step-by-Step Guide: How to Participate in Asymmetry’s Gem Rush Airdrop
Prerequisites:
- Have ETH on Ethereum mainnet network for gas fees
- Acquire supported collateral tokens (WBTC, tBTC, cbBTC, sUSDe, scrvUSD, sDAI, sfrxUSD, sUSDS)
Note: You can purchase ETH on Binance (or bridge ETH to mainnet using Rhino Bridge for optimal rates). Once you hold ETH on mainnet, you can swap to the supported collateral tokens mentioned above using DeFiLlama swap.
- Mint USDaf with Bitcoin (2x Gems)
- Visit the Asymmetry Finance platform
- Connect your wallet containing WBTC, tBTC, or cbBTC
- Supply your Bitcoin-backed token as collateral
- Set your preferred borrow rate and interest rate
- Mint USDaf tokens
- Mint USDaf with Stablecoins (2x Gems)
- Connect your wallet with supported yield-bearing stablecoins (scrvUSD, sDAI, USDS, sfrxUSD, or sUSDe)
- sUSDe recommended: get USDe from Binance and withdraw to your wallet. Then stake USDe for sUSDe via Ethena to earn sats as well as Asymmetry Gems.
- Supply your chosen stablecoin as collateral
- Configure your borrow rate and interest rate settings
- Mint USDaf tokens
- Stake USDaf for sUSDaf (2x Gems)
- Connect your wallet containing USDaf tokens
- Select the amount you wish to stake
- Deposit USDaf to receive sUSDaf (staked USDaf)
- Confirm the transaction
- Deposit into Stability Pool (2x Gems)
- Connect your wallet with USDaf tokens
- Choose an available Stability Pool
- Confirm your deposit amount
- Complete the deposit transaction
- Provide Liquidity USDaf/USDC/USDT on Curve (2x Gems)
- Navigate to Curve Finance’s USDaf/USDC/USDT pool
- Select “Deposit” and add your liquidity
- Confirm the transaction
- Provide Liquidity USDaf/USDT on Uniswap (2x Gems)
- Go to Uniswap Pools section
- Select the USDaf/USDT pair
- Add equal value liquidity to both tokens
- Confirm and complete the transaction
- Mint afCVX (1x Gem)
- Connect your wallet containing CVX tokens
- Enter your desired mint amount
- Confirm the transaction to mint afCVX
- Provide afCVX Liquidity (1x Gem)
- Navigate to Curve Finance
- Find the afCVX liquidity pool
- Select “Deposit” and add afCVX liquidity
- Confirm the transaction
- Lock ASF for veASF (1x Gem)
- Connect your wallet containing ASF tokens
- Choose your lock duration period (maximum 52 weeks)
- Deposit ASF tokens to receive veASF
- Complete the locking transaction
Maximizing Your Gem Earnings
Referral Program Benefits
- Share your unique invite link with friends and community members
- Earn a 12.5% bonus on all Gems earned by referred users
- Participate in the King of the Hill monthly competition
King of the Hill Competition
The top three referrers each month receive substantial Gem rewards:
- 1st Place: 1,000,000 Gems
- 2nd Place: 500,000 Gems
- 3rd Place: 250,000 Gems
Gem Rush Jackpot
Every two weeks, one random participant from the leaderboard wins prizes including $ASF tokens and additional Gems. Maintain consistent activity to improve your chances of selection.
Understanding Key Terms
- USDaf: Asymmetry Finance’s native stablecoin that allows users to set custom fixed interest rates when borrowing.
- sUSDaf: Staked version of USDaf that provides additional yield while supporting the protocol’s stability mechanisms.
- Gems: Point-based rewards distributed during The Gem Rush campaign, redeemable for future token allocations.
- veASF: Vote-escrowed ASF tokens that provide governance rights and enhanced rewards within the Asymmetry DAO.
- Stability Pool: A mechanism where users deposit USDaf to help maintain the protocol’s stability in exchange for rewards.
Frequently Asked Questions
When will Season 2 Gems be redeemable?
Season 2 Gems will become redeemable at the beginning of Season 4. The exact timeline for Season 4 launch has not been announced yet.
What tokens can I use as collateral?
Supported collateral includes Bitcoin-backed tokens (WBTC, tBTC, cbBTC) and yield-bearing stablecoins (sUSDe, scrvUSD, sDAI, sfrxUSD, sUSDS).
How often are Jackpot winners selected?
The Gem Rush Jackpot selects winners every two weeks from active participants on the leaderboard.
Can I participate in multiple activities simultaneously?
Yes, you can complete all nine available quests to maximize your Gem earnings. Each activity can be performed multiple times to continue earning rewards.
What happens if I refer someone who becomes inactive?
Your referral bonus is based on the actual Gems earned by your referrals. Inactive users won’t generate ongoing bonus rewards.
Conclusion
The Asymmetry Finance Gem Rush Season 2 presents a comprehensive opportunity to earn rewards while exploring advanced DeFi borrowing mechanisms. By completing the nine available quests and leveraging the referral system, participants can accumulate significant Gem rewards while gaining exposure to fixed-rate borrowing and liquidity provision strategies. The campaign’s structure encourages both individual participation and community building through its referral incentives and King of the Hill competition. With Season 2 Gems redeemable in Season 4, early participants position themselves for potential future token distributions while contributing to the growth of Asymmetry Finance’s ecosystem. Success in The Gem Rush requires consistent engagement across multiple DeFi activities, from basic minting operations to advanced liquidity provision. Users who diversify their participation across all available quests while building a strong referral network will maximize their potential rewards from this airdrop campaign. You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our
list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
Airdrop confirmed
PawProfitForum does not endorse communities that promise unrealistic returns through potentially unethical practices. We are committed to promoting safe, informed, and ethical participation in the cryptocurrency space. We urge our audience to remain cautious, perform thorough research, and consider the broader implications of their investment decisions. All the above reviews include unverified information. Please conduct your own research. Share your feedback
