Seeking Yield on $37M Ethereum (ETH) Treasury, JPEG’d DAO Mulls Airdrop Farming

So-called PIP-85 could see JPEG’d DAO utilize nearly $19 million worth of ETH tokens on EigenLayer and Blast, two of the most popular spots for airdrop hunters in the Ethereum ecosystem right now. Both protocols are expected to reward their users with potentially valuable tokens in the future. That expectation has prompted billions of dollars of crypto capital – much of which is from airdrop farmers – to flow into their protocols.