How to Participate in the SAKE Airdrop: SakePerp and Sake Finance Rewards Guide

If you’re trading perpetual contracts on SakePerp or lending crypto on Sake Finance, you might be sitting on a pile of SAKE tokens waiting to be claimed. This isn’t a vague promise-it’s a real, points-based airdrop system that’s already running, and your actions right now determine how much you’ll get when SAKE officially launches.

What Is the SAKE Airdrop?

The SAKE airdrop isn’t one single event. It’s a layered reward system tied to three core DeFi platforms: SakePerp (perpetual futures), SakeSwap (spot trading and ILOs), and Sake Finance (lending and borrowing). All three use the same governance token-SAKE-and the airdrop rewards users who’ve already been active on these platforms before the token launch.

You don’t need to wait for the token to start earning. Every trade, every loan, every liquidity pool you’ve joined since the platforms went live counts as points. These points, called Sake Points, will be converted into SAKE tokens once the official distribution happens. No one knows the exact conversion rate yet, but the more points you have, the more tokens you’ll receive.

How SakePerp Rewards Traders

SakePerp is a perpetual futures exchange built for low-cost, high-efficiency trading. Unlike most dApps that use funding rates to balance long and short positions, SakePerp uses a vAMM (virtual Automated Market Maker) combined with real-time oracles from centralized exchanges like Binance and FTX. This keeps prices accurate without draining liquidity.

Every time you trade a pair like BTC/BUSD, ETH/BUSD, or DOGE/BUSD, you pay a 0.05% fee. Here’s how it breaks down:

• 90% of that fee is burned
• 50% of all trading revenue goes into SAKE token buybacks
• 10% goes to SakeBar stakers (those who lock SAKE for rewards)

That means every trade you make helps increase the value of SAKE. The more you trade, the more the token is bought back and burned-making your future airdrop potentially more valuable.

How Sake Finance Rewards Lenders and Borrowers

Sake Finance is the newer piece of the puzzle: a lending protocol on the Soneium network. Here, you can deposit assets like ETH, WETH, ASTR, or USDC.e as collateral and earn yield. Or you can borrow against your deposits.

To earn Sake Points here, you need to do three things:

1. Deposit assets as collateral
2. Take out a loan (even a small one)
3. Keep your health factor above 1

Your health factor is like a safety score. If it drops below 1, your position gets liquidated. Staying above 1 means you’re active and safe-and you’re earning points. The more assets you supply, the more points you earn. Borrowing adds even more. It’s not about how big your position is-it’s about how consistently you use the protocol.

You can also earn extra points by completing quests on Layer3, a platform that tracks your DeFi activity across multiple chains. These are simple tasks like connecting your wallet, joining Discord, or following SakeFinance on Twitter.

How SakeSwap Rewards Liquidity Providers

SakeSwap is the spot trading side of the ecosystem. It’s not just a DEX-it’s also an Initial Liquidity Offering (ILO) platform. Projects raise funds by selling tokens directly to users, and if they hit their funding goal, an AMM pool opens up immediately for trading.

If you provide liquidity to one of these ILO pools, you get two benefits:

• 3% of all liquidity withdrawals go to SAKE buybacks
• You’re eligible for special airdrops tied to that project’s launch

Even if you just provide liquidity to existing pools like ETH/USDC.e, you can farm SAKE tokens by staking your LP tokens. The system rewards long-term holders and active participants.

How to Start Earning Sake Points

You’re not too late. The airdrop is still open, and there’s no cap on participants. Here’s how to get started:

1. Connect your wallet to Sake Finance Rewards using MetaMask or WalletConnect.
2. Follow SakeFinance on Twitter and verify your account. This unlocks a small point bonus.
3. Join the Sake Finance Discord and claim the "Sipper" role. This proves you’re part of the community.
4. Bridge assets to Soneium. Use Rhino Bridge to move ETH, USDC.e, or other supported assets from Ethereum or BSC to Soneium. Make sure you have a little native Soneium ETH for gas.
5. Deposit collateral on Sake Finance. Start with as little as $50 in ETH or USDC.e.
6. Borrow a small amount-even $10. This boosts your point multiplier.
7. Complete Layer3 quests. Connect your wallet and finish tasks like sharing a tweet or watching a tutorial.
8. Provide liquidity on SakeSwap for any active ILO or existing pool.

You can do all of this without spending a dime beyond gas fees. The system rewards activity, not just money.

What You’ll Get When SAKE Launches

No one knows the exact number of SAKE tokens that will be distributed. The team hasn’t announced a total supply or a fixed allocation per point. But here’s what we do know:

• SAKE will be the governance token for all three platforms
• Token holders will vote on fee structures, new asset listings, and protocol upgrades
• Buybacks from trading and LP fees will continuously reduce supply
• Early participants will get the largest share

Think of it like this: if you’ve been trading on SakePerp for three months and lent $200 on Sake Finance, you’re already in the top 10% of participants. Even if the token starts at $0.10, your points could be worth hundreds of dollars.

What Not to Do

Avoid these mistakes:

• Don’t wait for the token to launch-you’ll miss all the point accumulation.
• Don’t ignore your health factor. If it drops below 1, you lose your position and your points.
• Don’t skip Discord and Twitter. These aren’t just for updates-they’re required for point eligibility.
• Don’t assume you need a big balance. Small, consistent activity beats one large deposit.

Where to Track Your Points

Log into the Sake Finance Rewards page with your wallet. You’ll see a live counter showing your total Sake Points. It updates in real time as you trade, lend, or complete quests. There’s no dashboard on SakePerp or SakeSwap yet-so focus your attention on the Sake Finance Rewards page.

What’s Next?

The SAKE token launch date hasn’t been announced, but the team has said it’s coming "soon." When it does, you’ll get a notification via email and Discord. You won’t need to claim anything manually-the points will auto-convert to tokens and send to your wallet.

Until then, keep trading, lending, and engaging. Every action you take today is building your future stake in one of the most integrated DeFi ecosystems in crypto.