Why Airdrops Still Matter
The easy “one-shot, one-airdrop” era is over. Teams now reward sticky users, not wallet sprinters. The good news? Less noise means less dilution—and higher upside for those who farm consistently. Below are ten live protocols I’m actively using. All of them are useful products even if the token never arrives; the potential drop is simply the cherry on top.
1. Based – The Hyperliquid “Turbo-Charger”
What: Advanced trading UI + Visa card built on Hyperliquid (mobile, desktop, Telegram).
Backers: Hashed, Delphi, Newman, Spartan.
Edge: 4× airdrop exposure in one interface:
– Hyperliquid S2 & S3
– $BASED token
– Eco-airdrops (first round was PUP; more coming)
– UNIT airdrop (cross-chain bridge)
Cost: +0.025 % trading fee vs. native Hyperliquid.
How: Perp-trade; order the Visa card when live; leave Based as your default HL front-end.
Pro tip: Desktop app = 30 % performance boost; join trading comps for side prizes.
2. Liminal – “Delta-Neutral USDC Vault” on Hyperliquid
What: Earn funding-rate spread while market-neutral.
Why: 9.5 % APY in USDC plus shadow points for future $HYPE and Liminal drops.
Risk: Funding can flip negative; liquidation tail-risk in violent moves (mitigated by BTC/ETH/HYPE only).
How: Bridge USDC → Hyperliquid → deposit vault → forget (but watch funding).
3. Legion – ICOs Meet Private Credit & Equity
What: Raise platform that now tokenizes start-up equity, IP rights, private credit.
Ammo: US-$5 m seed from brand-name VCs; OpenAI shares and OTC tokens already listed.
How: KYC → boost social score → bid in sales.
Caveat: Don’t ape every deal; treat the token as upside, not income.
4. Fogo – Solana-VM L1 with Firedancer Client
Edge: Sub-second blocks purpose-built for HFT; test-net live, main-net Q4.
Funding: US-$5.5 m seed (EOY 2024) + US-$8 m public sale via Cobie’s Echo at US-$100 m valuation.
Farm: Season 2 “Flames” points; claim test-net FOGO & fUSD; trade on Valiant or Ambient DEX.
Bet: If Firedancer ships without bugs, attention (and retro-drops) will be massive.
5. Backpack – The Solana CEX Vacuum-Filler
Narrative: Every cycle births a new exchange; this cycle’s compliant spot + perp venue.
Moat: Acquired FTX EU licence; US-$37 m raised; Mad Lads NFT doubles as VIP pass.
Points: Season 2 running (Aug 7 → ). Spot earns 2× perp; futures list exotic perps (e.g., WLFI).
Barrier: KYC required—keeps bot armies small and rewards fat.
6. Axiom – The King of Meme-DEX Fees
Metrics: >US-$1 m daily fees, YC-backed, still zero-token.
Use: Route Solana sh*tcoin swaps through Axiom; rank up for future drop.
Bonus: Also plugs into Hyperliquid (double dip) and MarginFi (less recommended).
Edge: Transparent point system; team keeps hinting “token” in docs.
Prediction-Market Trifecta
(Tokens not confirmed, but volume & narratives are heating up)
7. Polymarket – Default data feed for CNN, X, Wall Street. Keep placing small bets; volume-based drop likely.
8. Limitless (Base) – Gameified hourly markets; weekly reset leaderboard. Trade ≥US-$200 or LP for tier boosts (Bronze → Diamond = +20 % points).
9. Myriad (Abstract L2) – Polymarket-like plus “Flash Markets” embeddable in news articles. Earn both Abstract XP and Myriad points.
10. Kinetiq – The Jito of Hyperliquid EVM
What: Stake HYPE → receive kHYPE → deposit into Earn (3 % APY) → farm Kinetiq points.
Why: One-click, no impermanent loss, no extra token exposure.
Signal: Points live; token “almost a certainty.”
Bonus Bridge – UNIT
If you only do one cross-chain action, bridge BTC/ETH/SOL into Hyperliquid via Unit. You’ll earn UNIT points and secure the cheapest route to the only order-book DEX that matters right now.
Farming Doctrine
Parallel > single – Run small positions across many protocols; correlation of airdrop luck is low.
Size for indifference – If the reward takes 12 months or never comes, you still slept well.
Re-use capital – Same USDC can live in Liminal, then be bridged via Unit, then market-make on Limitless.
Track everything – Simple spreadsheet beats “I think I farmed that.”
Half of these points turning into tokens = life-changing upside.
Even if only a few do, you’ve earned yield, gained early access, and practised the craft.
Keep tilling—when the bull returns, the harvest will be yours.
Why Airdrops Still Matter
The easy “one-shot, one-airdrop” era is over. Teams now reward sticky users, not wallet sprinters. The good news? Less noise means less dilution—and higher upside for those who farm consistently. Below are ten live protocols I’m actively using. All of them are useful products even if the token never arrives; the potential drop is simply the cherry on top.
1. Based – The Hyperliquid “Turbo-Charger”
What: Advanced trading UI + Visa card built on Hyperliquid (mobile, desktop, Telegram).
Backers: Hashed, Delphi, Newman, Spartan.
Edge: 4× airdrop exposure in one interface:
– Hyperliquid S2 & S3
– $BASED token
– Eco-airdrops (first round was PUP; more coming)
– UNIT airdrop (cross-chain bridge)
Cost: +0.025 % trading fee vs. native Hyperliquid.
How: Perp-trade; order the Visa card when live; leave Based as your default HL front-end.
Pro tip: Desktop app = 30 % performance boost; join trading comps for side prizes.
2. Liminal – “Delta-Neutral USDC Vault” on Hyperliquid
What: Earn funding-rate spread while market-neutral.
Why: 9.5 % APY in USDC plus shadow points for future $HYPE and Liminal drops.
Risk: Funding can flip negative; liquidation tail-risk in violent moves (mitigated by BTC/ETH/HYPE only).
How: Bridge USDC → Hyperliquid → deposit vault → forget (but watch funding).
3. Legion – ICOs Meet Private Credit & Equity
What: Raise platform that now tokenizes start-up equity, IP rights, private credit.
Ammo: US-$5 m seed from brand-name VCs; OpenAI shares and OTC tokens already listed.
How: KYC → boost social score → bid in sales.
Caveat: Don’t ape every deal; treat the token as upside, not income.
4. Fogo – Solana-VM L1 with Firedancer Client
Edge: Sub-second blocks purpose-built for HFT; test-net live, main-net Q4.
Funding: US-$5.5 m seed (EOY 2024) + US-$8 m public sale via Cobie’s Echo at US-$100 m valuation.
Farm: Season 2 “Flames” points; claim test-net FOGO & fUSD; trade on Valiant or Ambient DEX.
Bet: If Firedancer ships without bugs, attention (and retro-drops) will be massive.
5. Backpack – The Solana CEX Vacuum-Filler
Narrative: Every cycle births a new exchange; this cycle’s compliant spot + perp venue.
Moat: Acquired FTX EU licence; US-$37 m raised; Mad Lads NFT doubles as VIP pass.
Points: Season 2 running (Aug 7 → ). Spot earns 2× perp; futures list exotic perps (e.g., WLFI).
Barrier: KYC required—keeps bot armies small and rewards fat.
6. Axiom – The King of Meme-DEX Fees
Metrics: >US-$1 m daily fees, YC-backed, still zero-token.
Use: Route Solana sh*tcoin swaps through Axiom; rank up for future drop.
Bonus: Also plugs into Hyperliquid (double dip) and MarginFi (less recommended).
Edge: Transparent point system; team keeps hinting “token” in docs.
Prediction-Market Trifecta
(Tokens not confirmed, but volume & narratives are heating up)
7. Polymarket – Default data feed for CNN, X, Wall Street. Keep placing small bets; volume-based drop likely.
8. Limitless (Base) – Gameified hourly markets; weekly reset leaderboard. Trade ≥US-$200 or LP for tier boosts (Bronze → Diamond = +20 % points).
9. Myriad (Abstract L2) – Polymarket-like plus “Flash Markets” embeddable in news articles. Earn both Abstract XP and Myriad points.
10. Kinetiq – The Jito of Hyperliquid EVM
What: Stake HYPE → receive kHYPE → deposit into Earn (3 % APY) → farm Kinetiq points.
Why: One-click, no impermanent loss, no extra token exposure.
Signal: Points live; token “almost a certainty.”
Bonus Bridge – UNIT
If you only do one cross-chain action, bridge BTC/ETH/SOL into Hyperliquid via Unit. You’ll earn UNIT points and secure the cheapest route to the only order-book DEX that matters right now.
Farming Doctrine
Parallel > single – Run small positions across many protocols; correlation of airdrop luck is low.
Size for indifference – If the reward takes 12 months or never comes, you still slept well.
Re-use capital – Same USDC can live in Liminal, then be bridged via Unit, then market-make on Limitless.
Track everything – Simple spreadsheet beats “I think I farmed that.”
Half of these points turning into tokens = life-changing upside.
Even if only a few do, you’ve earned yield, gained early access, and practised the craft.
Keep tilling—when the bull returns, the harvest will be yours.
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