To fund an empty airdrop farming wallet efficiently while balancing costs:Start with $100-200 in stablecoins (e.g., USDT) via P2P on low-fee exchanges like Binance. Withdraw to the wallet on gas-efficient chains like Solana (fees ~$0.01/tx) over Ethereum. Use DEX swaps for minimal fees; avoid bridges initially to cut costs. For multiples: Fund from varied CEXs to evade Sybil detection, automating via scripts for efficiency. This minimizes fees (~5-10% of capital) vs. potential $1K+ rewards.
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Staking BLAST tokens can yield 5-25% APY via network validation rewards or boosts on platforms like StakingRewards. Liquidity provision in Blast pools offers 4-5% APR on ETH/stablecoins, plus potential farming incentives. Yields vary by market conditions and risks like impermanent loss.
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In the US, IRS treats crypto airdrops as ordinary income, taxed at fair market value when received (Form 1040 Schedule 1). Selling triggers capital gains tax (Form 8949). Consult a tax professional for specifics.
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