The Penumbra mainnet is now live, and many users are eager to access their UM airdrop. This step-by-step guide will guide you through the process.
Understanding the Penumbra $UM Airdrop
Penumbra has distributed its genesis airdrop to eligible users who interacted with various DeFi applications within the Cosmos ecosystem or contributed to relevant GitHub repositories. If you qualify for the airdrop, you should have received your tokens before the mainnet launch.
Resolving Common Access Issues
Many users have experienced difficulties accessing their $UM tokens due to block sync errors. This issue is often related to the RPC settings in the Penumbra extension. Follow these steps to resolve the problem:
Open the Penumbra Extension: Click on the extension icon in your browser and select "Manage Portfolio."
Address Block Sync Errors: If you encounter a block sync error, change your RPC settings.
Change RPC Settings: Click on the hamburger menu in the extension, select "RPC," and choose a different RPC provider, such as Binary Builders. Save your changes.
Refresh Your Page: After changing the RPC settings, refresh the page to view your $UM tokens.
Trading Your $UM Tokens
The $UM token is now trading on Osmosis, with a current price of approximately 40 cents.
Exploring Penumbra Platform Features
Penumbra offers several features to help you manage your assets:
Shielding and Unshielding Assets: You can shield and unshield assets such as ATOM, DYDX, and others. To shield an asset, select the desired asset, enter the amount, and approve the transaction.
Sending and Receiving Funds: Transfer funds easily by entering the recipient's address and the amount. You can also add a memo for additional information.
Swapping Assets: Swap assets within the platform. For example, you can swap $UM for DYDX by selecting the asset and approving the transaction.
Staking and Validator Options
The staking feature allows you to delegate your tokens to various validators on the Penumbra network. Stakecito is proud to be a Genesis validator on Penumbra. We invite you to come Stake wif us!
Improving User Experience
While the initial onboarding experience presented some challenges, the Penumbra team and is committed to improving the platform. Users are encouraged to ask questions and seek support through their community channels.
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About Stakecito Labs
At Stakecito Labs, we've honed our craft as validators. Our reputation as the third-largest validator by delegation count within the Cosmos ecosystem speaks to our unwavering dedication and the trust placed in us by over 270,000 delegators worldwide.
Our validation services are not just about maintaining Cosmos blockchain networks though; we validate networks outside of Cosmos as well (NEAR, Aleph Zero, etc.).
Our core mission is centered on demystifying blockchain technology to ensure it's accessible for everyone, from newcomers to seasoned investors. To begin staking, visit our homepage.
Stake with Stakecito | Follow us on Twitter | Subscribe to Our YouTube | Governance
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