Crypto & Blockchain SAKE Airdrop Guide: How to Earn SakeToken Rewards from SakePerp and Sake Finance

SAKE Airdrop Guide: How to Earn SakeToken Rewards from SakePerp and Sake Finance

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SakePoints Calculator

Calculate Your SakePoints

Estimate your potential SakePoints based on your activity across the Sake ecosystem. Points are earned from trading, lending, and providing liquidity. The more activity, the more points you earn toward SAKE token distribution.

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Your Estimated SakePoints

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Trading: 1 point per $100 of trading volume

Lending: 1 point per $100 of supply

Borrowing: 2 points per $100 of borrow

Liquidity: 1 point per $100 of liquidity

How Points Work

Your points are calculated based on activity across the Sake ecosystem. Points are tracked in real time on the Sake Finance Rewards dashboard. The more you trade, lend, borrow, and provide liquidity, the more points you earn toward your SAKE token allocation.

Note: This is an estimation based on standard point calculation. Actual points may vary based on protocol adjustments and other factors. Check your dashboard at app.sake.finance/rewards for real-time points.

If you’re trading perpetual contracts on SakePerp or lending assets on Sake Finance, you’re already in line for a potential SAKE token payout. The SAKE airdrop isn’t a guesswork lottery-it’s a points-based system tied directly to your activity across the ecosystem. No sign-ups. No fake promises. Just real rewards for real usage.

How the SAKE Airdrop Actually Works

The SAKE token airdrop is built around something called Sake Points. These aren’t just a marketing gimmick. They’re tracked in real time on the Sake Finance dashboard, and every interaction you have with the protocol adds to your balance. The more you use SakePerp, SakeSwap, or Sake Finance, the more points you earn. And when SAKE tokens are finally distributed, your points will determine your share.

You don’t need to hold SAKE to start earning. You don’t even need to know what the token is worth yet. All you need is to be active.

Three Ways to Earn Sake Points

There are three main ways to stack up Sake Points: trading, lending, and engaging.

1. Trade on SakePerp

SakePerp lets you trade perpetual contracts on assets like BTC/BUSD, ETH/BUSD, DOGE/BUSD, and more. Unlike other platforms, it doesn’t rely on funding rates. Instead, it uses a vAMM (virtual Automated Market Maker) synced with real-time oracles to keep prices accurate. Every trade you make-whether you’re long or short-earns you points.

Here’s the kicker: 50% of all trading fees go toward buying back SAKE tokens. That means your trades aren’t just earning you points-they’re directly supporting the token’s value. The rest of the fees? 90% of the 0.05% fee gets burned, and 10% goes to SakeBar stakers. So your activity fuels both the ecosystem and the token economy.

2. Lend and Borrow on Sake Finance

Sake Finance is the lending protocol built on the Soneium network. You can deposit ETH, WETH, ASTR, or USDC.e as collateral and borrow against it. For every dollar you supply, you earn points. For every dollar you borrow, you earn even more.

Your position’s health factor matters. If it drops below 1, you risk liquidation. But if you keep it above 1-say, at 1.5 or higher-you’re not just safe, you’re maximizing your point gains. The system rewards active, healthy positions. Leaving assets idle won’t cut it.

You can also earn extra points by completing Layer3 quests. These are simple tasks like connecting your wallet, verifying your social profiles, or joining community events. It’s not hard. Just follow SakeFinance on Twitter, join their Discord, and claim the "Sipper" role. That alone gives you a point boost.

3. Provide Liquidity on SakeSwap

SakeSwap isn’t just a DEX. It’s an Initial Liquidity Offering (ILO) engine. Projects raise funds by locking liquidity, and if they hit their target, their tokens go live on SakeSwap immediately. If they fail, your funds are automatically refunded.

If you provide liquidity to an ILO pool, you earn 3% of the liquidity when you withdraw. That fee? It’s used to buy back and burn SAKE tokens. So your LP position isn’t just earning you trading fees-it’s helping reduce SAKE’s supply.

You can also stake your LP tokens in SakeSwap Farming to earn additional SAKE rewards. And yes, ILO participants get special airdrop bonuses. If you’ve ever provided liquidity to a new project on SakeSwap, you’re likely already sitting on unclaimed points.

How to Get Started

You don’t need to be a crypto expert. Here’s how to start earning Sake Points today:

  1. Connect your wallet (MetaMask or WalletConnect) to Sake Finance Rewards.
  2. Sign the connection request and the participation confirmation message.
  3. Follow @SakeFinance on Twitter and verify your account.
  4. Join the Sake Finance Discord and claim the "Sipper" role.
  5. Bridge assets to Soneium using Rhino Bridge. You’ll need ETH or USDC.e for gas and deposits.
  6. Deposit ETH, WETH, ASTR, or USDC.e as collateral on Sake Finance.
  7. Optionally, borrow against your collateral to boost your points.
  8. Trade on SakePerp using any of the supported pairs.
  9. Complete Layer3 quests via the Sake Finance dashboard.

That’s it. You don’t need to do all of this at once. Just start with one thing. Deposit $100 in USDC.e. Trade one BTC/BUSD contract. Join Discord. You’ll start earning points immediately.

A lending dragon with token body and health factor smoke, surrounded by wallet-connecting spirits and ILO pools.

What You’re Not Being Told

There are two big myths about this airdrop.

Myth 1: “You need to hold SAKE to qualify.” False. You don’t even need to know what SAKE is. Your points are tracked by your wallet address, not your token balance.

Myth 2: “The airdrop is capped.” Also false. There’s no limit on how many people can participate. The team has said the total SAKE supply will be distributed based on total points earned across all users. That means the more people join, the more points you need to earn to get a fair share.

So timing matters. If you wait until the token launch to start, you’ll be competing with thousands of latecomers. Start now. Even small actions add up.

What’s Next?

The SAKE token hasn’t been launched yet. No official date. No price. No exchange listing. But the ecosystem is already live and growing. SakePerp has been trading for months. SakeSwap has hosted multiple ILOs. Sake Finance has over $50 million in total value locked (TVL) across its lending pools.

The team has made it clear: the airdrop is retroactive. Your activity since the beginning of the program counts. You’re not waiting for a launch-you’re building your claim right now.

A festive scene under a SAKE token tree, with diverse DeFi creatures celebrating community participation.

Common Mistakes to Avoid

- Not connecting your wallet: If you don’t connect your wallet to the Rewards page, your activity won’t be tracked.

- Ignoring the Discord: The "Sipper" role isn’t just for fun. It’s required for full point eligibility.

- Leaving assets idle: Depositing ETH and forgetting about it won’t earn you much. Borrowing, trading, and completing quests multiply your points.

- Using the wrong network: All activity must happen on Soneium. Don’t deposit from Ethereum Mainnet or BSC. Use Rhino Bridge.

- Not checking your points: Log in weekly. Your dashboard updates in real time. If your points aren’t moving, you’re missing something.

Final Thoughts

The SAKE airdrop is one of the most structured, transparent, and activity-driven rewards programs in DeFi right now. It’s not about hype. It’s about doing the work. If you’re already trading, lending, or providing liquidity, you’re not missing out-you’re already ahead.

Start today. Track your points. Keep your positions healthy. Engage with the community. When SAKE launches, you won’t be asking, "How do I get in?" You’ll already be in.

Do I need to buy SAKE to qualify for the airdrop?

No. You don’t need to own SAKE tokens to earn Sake Points. The airdrop is based entirely on your activity across SakePerp, Sake Finance, and SakeSwap. Your wallet address is what matters, not your token balance.

How do I check how many Sake Points I’ve earned?

Go to the Sake Finance Rewards page (app.sake.finance/rewards), connect your wallet, and your point total will appear instantly. It updates in real time as you trade, lend, or complete quests.

What assets can I use for the Sake Finance airdrop?

You can deposit ETH, WETH, ASTR, or USDC.e on the Soneium network. Each asset has different collateral factors and APY rates, but all contribute to your Sake Points. Make sure to bridge them using Rhino Bridge before depositing.

Is there a deadline to earn Sake Points?

There’s no official end date yet. But the SAKE token distribution will happen once the token launches, and points will be frozen at that time. The earlier you start, the more points you’ll accumulate before the cutoff.

Can I earn points by just staking SAKE?

Not yet. SAKE hasn’t been launched, so staking isn’t possible. The current airdrop rewards activity on SakePerp, Sake Finance, and SakeSwap. Once SAKE is live, staking may become a new way to earn, but it won’t replace the existing point system.

Why is SakePerp using a vAMM instead of funding rates?

SakePerp uses a virtual AMM synced with external oracles to keep contract prices aligned with real spot prices. This eliminates the need for funding rates, which can be volatile and unpredictable. It creates a smoother trading experience and reduces risk for both traders and liquidity providers.

What happens if my health factor drops below 1 on Sake Finance?

If your health factor falls below 1, your position becomes eligible for liquidation. The protocol will automatically sell part of your collateral to repay your loan. To avoid this, keep your health factor above 1-ideally above 1.5-for safety and maximum point rewards.

How do I bridge assets to the Soneium network?

Use the Rhino Bridge (bridge.rhino.fi). Select your source chain (like Ethereum or BSC), choose your asset (ETH, USDC.e, etc.), and connect your wallet. Confirm the transaction and wait for the bridge to complete. Make sure you have enough native gas tokens on Soneium for future transactions.

Are there any fees for participating in the airdrop?

No direct fees for earning points. But you’ll pay standard blockchain gas fees when depositing, borrowing, or trading. These are network costs, not platform fees. Always check your wallet balance for sufficient native tokens (like SONE) to cover gas.

Will I get SAKE tokens if I only trade on SakePerp?

Yes. Every trade on SakePerp earns Sake Points, and those points count toward your airdrop allocation. You don’t need to use Sake Finance or SakeSwap to qualify-though doing so will increase your total points significantly.

About the author

Kurt Marquardt

I'm a blockchain analyst and educator based in Boulder, where I research crypto networks and on-chain data. I consult startups on token economics and security best practices. I write practical guides on coins and market breakdowns with a focus on exchanges and airdrop strategies. My mission is to make complex crypto concepts usable for everyday investors.