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Less Fees & Gas ($LFG) Airdrop Brings 50K ETH Users to Solana

BY Lorepunk

January 02, 2024

New year? New vampire attack! On Jan. 1, an anonymous team of devs launched a token on Solana called $LFG. Besides the perennial “let’s f-ing go,” this stands for Less Fees & Gas—and yesterday, this anonymous team gave $LFG tokens to Ethereum addresses that had spent over $4269 on gas since 2016.

The token aims to onboard Ethereum users fed up with high gas and slow transaction times onto Solana.  “Think about how many people will try Solana for the first time after claiming their $LFG. Think about how many of them will be pleasantly surprised at their experience. Think about how many of them will stay. New Year, New Chain,” the team posted on X.

According to LFG, around 387,000 Ethereum addresses are eligible for the claim. You must sign a gasless signature with your ETH wallet and submit a Solana wallet address to receive your $LFG.

If you, like many of us, are wincing as you think back to your profligate degeneracy on the Ethereum Virtual Machine—and wondering if you can help assuage your pain with some $LFG—nft now has prepared a guide for your claim. You have until the end of the month to grab your $LFG, but if you want to park your tokens in the incentivized liquidity pool, it’s best to claim them early!

How to Claim

Go to the LFG website—it’s lessfeesandgas.org, and you can confirm that by going to their account on X, LessFnGas. Double check, as impostors exist and want to drain your wallet!

The website is in the form of a cheerful travel postcard. “To: Our Ethereum Brothers and Sisters, From: Your Solana Brothers and Sisters,” the site begins. “We’re writing to let you know we found the fast, secure, decentralized future you envisioned. We’ve even included a little gift to prove to you it’s real. Click for LESS F-ING GAS,” the site reads.

After you click the purple, expletive-bearing button, a pop-up invites you to select the ETH wallet that spent eye-watering amounts on gas. It supports MetaMask, Phantom, and Coinbase Wallets, so if you’re on another wallet application for ETH, import your private key or connect your hardware wallet to one of those three first.

Credit: LessFnGas

Once you’ve connected your ETH wallet, the website prompts you to sign a gasless signature, then tells you whether or not you’re eligible to claim $LFG. It calculates your gas expenditure by the price of ETH the day you spent it, so if you spent lots of ETH on gas when ETH had a very low price, you might not qualify for the airdrop.

If you qualify, the website prompts you to supply a Solana wallet address—so you will need to have one of these set up. Phantom is a popular and reliable Solana-supporting wallet for desktop browsers and mobile.

Then, you do a transaction with this Solana wallet to claim your $LFG. You’ll need a tiny bit of Solana for the network fee. The website will invite you to tweet to boast about how much ETH gas you’ve guzzled. Now, you’re all set!

Using $LFG

So, what can you do with $LFG? Many folks are selling their airdrops for $SOL or other meme tokens on Solana; $LFG stands, at the time of this writing, at $.00006, up over 10x in the last 24 hours.

Another thing you can do is provide liquidity for $LFG via an incentivized liquidity pool on the Solana DeFi app Orca. People offering liquidity in this pool will receive $LFG in a second upcoming airdrop—even if they didn’t spend enough gas on Ethereum to qualify for the first.

“I think folks will stay; we’ve seen $35M bridged from ETH to Solana just in the last 24 hours,”

Bobby Axelrod, $LFG Core Team Member

Although the amount granted to even the most stalwart ETH degens is relatively small—web3 security expert 0xQuit, who checked the safety of the claim, only got $69 worth—$LFG’s overture to Ethereum users has been well accepted.

“50K+ Wallets have claimed so far, over $2M committed to the Orca pool by claimers and Solana users,” LFG core team member Bobby Axelrod told nft now. “I think folks will stay; we’ve seen $35M bridged from ETH to Solana just in the last 24 hours,” he said.

Alongside ongoing plans for airdrops, partnerships, and incentives, Axelrod hinted at more to come in the future for $LFG.  “A sneak peek is that we want to encourage as many ETH developers and power users to come over, and we have a program planned to incentivize Solidity devs to build on Solana,” he said.

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