Introduction to Airdrop Farming

An Airdrop is where a project or protocol distributes tokens to early users for free. These assets, which can vary in value, are usually native to the project. These can sometimes be extremely lucrative like ENS which was worth $40k.

Benefits

The main advantage of airdrop farming is that it's low-risk, high reward. The main cost is the transaction fee required for doing transactions on the blockchain. So you can earn massive amounts, without needing a massive capital.

Especially since you'll often be farming on newer chains like L2s because there are lot's of new protocols to interact with which will potentially airdrop. And those chains usually have a very low transaction cost.

How to find potential Airdrops

First, you'll have to find potential or already announced airdrops.

Some resources for this:

Airdrops.io

DefiLlama - defillama.com

DefiLlama is a DeFi TVL aggregator. It is committed to providing accurate data without ads or sponsored content, as well as transparency.

How to farm?

Once you have picked a potential airdrop you have to bridge to the correct chain. If you don't know how, there are many guides on this online. Then perform transactions on the chain or interact with apps. There can be various requirements to qualify.

Usually, the airdrop requirements are not announced in advance, and often airdrops don't get announced at all. They always involve interacting with a protocol or performing transactions on the blockchain. As guideline: Previous airdrops Optimism and Arbitrum qualifiers 👇

Some things that are often required/gain you extra points:

• Interacting multiple days in a row (just swap currency back and forth)

• Leaving a certain amount on the chain

• Having some volume (easy to do, swapping 50$ 20 times is 1000$)

• Have txs in different months

Multiple Wallets

Using multiple wallets can increase your chances of receiving more airdrops. But be careful to hide that they're owned by the same person to avoid disqualification. Don't fund them from another wallet. Fund them with multiple separate CEX withdrawals

Risks

Avoid using your main wallet for airdrops to protect yourself in case accidentally signing a malicious contract.

Also, consider the potential risks of staking cryptocurrency in protocols that could be exploited​. Especially new ones.

Other than that there aren't many.

Final thoughts

I personally received over $60.000 in airdrops from 2021 to 2024. And I wasn't even intentionally farming.

Start TODAY. Don't postpone.