Airdrop year, these projects you can't miss
The sky-high airdrop is waiting for you to claim.Author: 0x711, BlockBeats
With less than 60 days left in 2024, several large projects have already launched airdrops, such as JUP, DYM, ALT, and STRK, allowing the "hair-pulling" community to fully experience the joy of harvest. Those who were once crushed by the inscription party, the "ebeggers," have finally turned the tables this time. However, the airdrop party is still ongoing. According to Daily Degen, it is estimated that there will be dozens of projects launching tokens and airdrops this year. This article summarizes the key participating projects based on Daily Degen's summary article.
Rabby Wallet
Rabby Wallet was developed by the DeBank team. In December 2022, DeBank completed a $25 million equity financing at a valuation of $200 million, led by Sequoia China, with participation from Dragonfly, Hash Global, Youbi, Coinbase Venture, Crypto.com, Circle, and Ledger. DeBank Chain was capped last year, and in January this year, Rabby Wallet launched a points system.
The interaction method is also very simple. Download Rabby Wallet from the official website, install and use it to earn as many points as possible. Additionally, the social features on the DeBank interface can also facilitate more interactions. If conditions permit, you can choose to mint a Web3 ID ($96).
Rainbow Wallet
https://twitter.com/rainbowdotme
Rainbow, a Web3 mobile wallet startup, was founded in 2019. It is an open-source self-custody wallet for Ethereum that helps users manage their assets. It currently supports Ethereum mainnet, Polygon, Arbitrum, Optimism, BSC, Base, and Zora networks.
In February 2022, Rainbow completed a $18 million Series A financing round, led by Seven Seven Six, a venture capital firm founded by Reddit co-founder Alexis Ohanian. Other specific financing details have not been disclosed.
Rainbow is currently launching a points program. Users can import wallet addresses with transaction activity on Ethereum, Arbitrum, Polygon, Optimism, Zora, Base, and BSC into Rainbow to earn "retroactive points" (snapshot deadline is December 11, 2023, 17:00 UTC).
MetaMask
The background of MetaMask is well-known, backed by ConsenSys. It has already started airdropping to PUA users since the last cycle. The main interaction method is to use the built-in swap, cross-chain bridge, and other functions of its wallet.
Eigenpie
https://twitter.com/Eigenpiexyz_io
Although Eigenpie, as a re-staking protocol, does not have prominent large capital investments, it has recorded over $300 million in TVL as of the time of writing, second only to Kelp DAO in the same track.
In March this year, Eigenpie announced its tokenomics, stating that 10% of tokens will be airdropped to early supporters, and Eigenpie will introduce the EGP token through a fair launch, without the participation of VCs or pre-sale activities. The team officially abandoned token distribution and allocated 15% of EGP tokens to the Magpie Treasury. Teams that focus on fair distribution are always favorites in the community. Perhaps this grassroots re-staking protocol can bring some surprises to stakers.
Kelp DAO
Kelp DAO is a Restaking project under the multi-chain LSD platform Stader Lab, built on EigenLayer with the LRT (Liquid Restaked Token) solution based on rsETH. The protocol currently has a TVL of $601 million and will soon launch the points token KEP. Users can exchange EigenLayer points generated from staking in Kelp DAO for KEP (ERC-20 token) at a 1:1 ratio, which can be freely transferred and traded.
Renzo
https://twitter.com/RenzoProtocol
The liquidity re-staking protocol Renzo announced the completion of a $3 million seed round financing in January this year, led by Maven11, with participation from SevenX Ventures, Figment Capital, and IOSG. In February, Binance Labs made an additional investment. The protocol currently has a TVL of $617 million.
ether.fi
As the first protocol to launch a native re-staking token on EigenLayer, it currently has a TVL of $1.655 billion, making it a leader in the field. The project completed a $5.3 million financing round in February last year, led by North Island Ventures, Chapter One, and Node Capital, with participation from BitMex founder Arthur Hayes and others. According to previous announcements, the protocol will conduct its TGE in April this year.
Meteora
Meteora, a liquidity protocol in the Solana ecosystem, was launched by the former Solana DeFi project Mercurial and is currently running a liquidity points activity.
Drift Protocol
https://twitter.com/DriftProtocol
Drift Protocol, a leading perpetual DEX protocol in the Solana ecosystem, announced the completion of a $3.8 million seed round financing back in 2021, led by Multicoin Capital, with participation from Jump Capital, Alameda Research, and others.
Pike
https://twitter.com/PikeFinance
A lending protocol supported by Wormhole, Circle, and Base, with a strong background. The protocol currently supports Ethereum mainnet, Arbitrum, OP, and Base networks.
Today, Pike launched the points token activity Pike PIU plan. Users can earn PIU tokens by depositing assets, borrowing, and joining Discord to obtain roles. PIU can be claimed at any time and can be claimed and traded on Base and Solana networks. Holding PIU tokens can grant access to the whitelist for the upcoming public sale of PIKE.
Bungee
https://twitter.com/BungeeExchange
A cross-chain aggregator protocol built by the cross-chain infrastructure Socket. In March 2022, Socket completed a $5 million seed round financing, led by Framework Ventures, with participation from Coinbase Ventures, Lightspeed, eGirl Capital, Nascent, Geometry, Mark Cuban, and others.
Jumper
https://twitter.com/JumperExchange
A multi-chain DEX launched by the cross-chain trading aggregator LI.FI, which connects liquidity between Solana and EVM networks. In March last year, LI.FI announced the completion of a $17.5 million Series A financing round, co-led by CoinFund and Superscrypt, with participation from Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors.
deBridge
https://twitter.com/deBridgeFinance
In September 2021, the cross-chain protocol deBridge completed a $5.5 million seed round financing, led by ParaFi Capital, with participation from Animoca Brands, Huobi Ventures, Lemniscap, Crypto.com Capital, MGNR, IOSG, Fundamental Labs, and bitScale. The investment background is strong.
Owlto Finance
https://twitter.com/Owlto_Finance
A decentralized Cross-Rollup cross-chain bridge focused on Layer 2, currently supports users to cross-chain between more than 15 Layer 2 networks, including Ethereum mainnet, zkSync Era, Starknet, Arbitrum One, Arbitrum Nova, Optimism, Polygon zkEVM, Linea, Mantle, Base, Manta, OpBNB, Kroma, Zora, etc. The project has currently launched a points system.
Polyhedra Network
https://twitter.com/PolyhedraZK
In February last year, ZK infrastructure startup Polyhedra Network completed a $10 million financing round, led by Binance Labs and Polychain Capital, with participation from Animoca Brands and Dao5.
Polyhedra has developed various infrastructure products using zero-knowledge (ZK) proof technology, including a ZK bridge (zkBridge) solution for sending assets between Web2 and Web3 systems, a ZK decentralized identity solution (zkDID), and scaling solutions.
The community is very enthusiastic. Currently, the floor price of the Legendary Pandra King series NFTs launched by the protocol has soared to 0.76 BNB.
El Dorado
https://twitter.com/ElDoradoMRKT
A DEX protocol based on the decentralized liquidity network Maya Protocol. According to the official website, the current TVL has reached $5.778 million.
Azuro
https://twitter.com/azuroprotocol
The decentralized betting protocol Azuro has completed a $4 million financing round, with participation from Hypersphere, Ethereal Ventures, Arrington Capital, Delphi Digital, AllianceDAO, Gnosis, Merit Circle, and others. The total revenue of the protocol has reached $2 million.
Clip Finance
https://twitter.com/ClipFinance
An AI-driven on-chain asset management protocol. It is reported that this project was developed with the participation of Chainlink and incubated by Cointelegraph. It is currently mainly focused on the Linea network.
Struct Finance
https://twitter.com/StructFinance
The DeFi protocol Struct Finance, based on Avalanche, completed a $3.9 million seed round financing in March 2022. This round was led by Blizzard Fund, Infinity Ventures Crypto, Antler, Arcanum Capital, Assymetries Technologies, Avalaunch, and AVentures Dao, with participation from Bison Fund, Bixin Ventures, Double Peak, FBG Capital, Finality Capital Partners, Keychain Capital, Lancer Capital, Lucidblue, MC Ventures, Skyvision Capital, QCP Capital, SCC Investments, Spark Digital, Wintermute, Woodstock, Zokyo, and 0xVentures.
According to its latest news, the project will focus on the RWA field.
Scroll
https://twitter.com/Scroll_ZKP
A Layer 2 network based on zkEVM, the current network TVL has surpassed $100 million, and the ecosystem is beginning to take shape.
Linea
https://twitter.com/LineaBuild
A Layer 2 network under ConsenSys. Since the testnet, it has been launching guided interaction activities to incentivize user participation. You can follow official news to keep up with related activities and earn official rewards in LXP tokens.
zkSync
Since the issuance of tokens by Starknet, the community has been discussing that zkSync will also follow suit with an airdrop. Matter Labs CEO Gluchowski stated in March last year that zkSync is expected to achieve sequencer decentralization within about a year.
Mode
https://twitter.com/modenetwork
Mode is a modular DeFi Layer 2 based on OP Stack. On February 1, Mode announced that it received a grant of 2 million OP (approximately $5.3 million) from the Optimism Foundation.
Mode has now launched its mainnet and introduced the Mode Sunrise airdrop activity. In this activity, Mode will allocate 550 million MODE tokens (5.5% of the total supply) for incentives, of which 400 million MODE will be allocated for points airdrops; 50 million MODE will be unlocked when the TVL reaches $100 million; 50 million MODE will be unlocked when the TVL reaches $200 million; and 50 million MODE will be allocated to 500 NFT winners among the top 20% of active participants.
Rysk Finance
https://twitter.com/ryskfinance
In January last year, on-chain derivatives market maker Rysk Finance completed a $1.4 million Pre-Seed round financing, led by Lemniscap, with participation from Encode Club, Ascensive Assets, Starbloom, Yunt Capital, and Manifold Trading. Individual investors include Hype.eth, Ivangbi, Windra Thio, and others.
The protocol is based on the Arbitrum network and has received funding from Arbitrum STIP. The team will allocate 12,900 ARB tokens weekly to liquidity providers and traders.
LogX
https://twitter.com/LogX_trade
A multi-chain perpetual DEX protocol, the platform has launched a points activity for traders and liquidity providers.
Hyperliquid
https://twitter.com/HyperliquidX
Hyperliquid is a decentralized derivatives trading platform that currently offers trading pairs for over 100 assets, supporting token contract trading including TAO, RNDR, ONDO, and others. The project has been running a points activity since its launch in November last year.
Aevo
An options trading platform, its predecessor Ribbon Finance raised $8.75 million, led by Paradigm. The platform relies on its unique futures trading to discover market prices for tokens that have not yet officially traded, gaining community favor. The project has launched a liquidity mining program and introduced airdrop incentive activities for traders. According to the latest news, the protocol plans to conduct its TGE in mid-March.
After experiencing a two-year crypto bear market, project teams that have "laid flat" can no longer suppress their urge to issue tokens, rushing to launch points activities and guided interaction activities to incentivize user participation. Under the premise of this year's bull market, issuing tokens is the top priority for project teams and investment institutions. With so many projects, users need to carefully discern, and to achieve "immense wealth," diligent cultivation is essential.
