If you missed the huge Jitosol airdrop (minimum 15k per account), you absolutely must not miss these (probable) airdrops. Jito Network is a validator node on Solana that provides liquid staking services and rewarded users with points based on the $Sol staked and deposit time. Basically they guaranteed 7% per year on Solana and then rewarded the users who delegated to them by giving them the $Jito token. The new narrative that has emerged in recent weeks is to use X platform (tokenless) and accumulate points (which will reward users in the future launch of the token). Let's first analyze Jito's airdrop:
Yes, $65 (1 Sol) deposited for 100 days was enough to receive 4941 $Jito free (equivalent to almost 15k!). In this article I will illustrate some platforms that allow you to earn points and therefore could lead you to an airdrop. However, I would first like to make some general considerations on funding and the number of eligible addresses.
ELIGIBLE ADDRESS AND FUNDING
Many people when evaluating the size of a hypothetical airdrop focus on funding. Substantially on the capital and investments received from VC. This is wrong when evaluating an airdrop. For example, Arbitrum had hundreds of millions of dollars in funding and guaranteed an average of around 1k ad addresses in $Arb tokens (the minimums were around $500). Jito Network had only 4M in funding and yet the minimum airdrop was around 15k. Paraswap in November 2021 with funding from 3M guaranteed minimums of 9k in $Psp tokens.
How do you explain this? Arbitrum had 650k eligible addresses, Jito Network 9k eligible, Paraswap 20k eligible. This should make you understand that the most important thing to evaluate is the number of eligible addresses, not the funding. The other important parameter is the supply that is distributed (however we cannot estimate this. It usually varies from 5 to 20%). Let's take some examples:
Funding: 100M (large project)
Market Cap: 1B
Supply Airdrop: 10%
Eligible addresses: 500,000
Average airdrop per address: 2K (1B/500,000)
Funding: 10M (small project)
Market Cap: 100M
Supply Airdrop: 10%
Eligible addresses: 10,000
Average airdrop per address: 10k (100M/10,000)
As you can see we have two opposite examples: large funding with many eligible addresses (much smaller airdrop) and small funding with few eligible addresses (huge airdrop). Remember that a cake shared with fewer people is better than one where there are many more mouths to feed! Now let's see some platforms that are giving away points for doing activities!
Short recap for newbies who don't know how to use Defi, how to withdraw on chain?
1) Download Metamask (Arbitrum) or Phantom (Solana)
2) If you already have your Usdc.e/Usdt on your wallets, just deposit on the platforms by following the links and guides below
3) If you don't have liquidity in your wallets, you can withdraw from Binance (or other exchanges) directly on the chain you intend to use for trading i.e. Arbitrum (you will have to withdraw Eth on Metamask and then with a part of this you can buy Usdc on Odos.xyz to deposit on the platforms mentioned below) or on Solana (in this case withdraw Sol on Phantom wallet and then on jup.ag you can sell a part of Sol for Usdc which then deposit on decentralized platform)
PARCL: RWA (SOLANA)
This Real World Asset platform is very early because there are around 6k users. To use it to withdraw your $Sol on the Solana network, sell a portion for Usdc on Jup.ag and deposit it on Parcl (remember to leave $2 of Sol to carry out the operations).
Basically you can accumulate points:
1) Trading on Real Estate: Long or Short (1 point for every dollar traded, keeping the trade open. You can also use small capital because you can use leverage up to 8x. The market is slightly volatile, we are talking about 1% per day, there is no extreme volatility)
2) Depositing USDC for at least 30 days (3 points for every dollar deposited)
The points system was introduced a few days ago. If you want to try Parcl you can trade "long" and "short" on the real estate markets (mainly in the USA). The points suggest that an airdrop will arrive for users. If you need an invitation code: rwabonuspoints (connect Phantom wallet to the platform, create your account and add the code by going to settings at the top left, then referral and add the code. Your points will receive a 5% boost)
MARGINFI: LENDING (SOLANA)
In this case we change the type of platform and go to lending/borrowing. Let's stay on Solana. In this case you earn 1 point for each dollar deposited and 4 points for each dollar borrowed.
You can deposit Sol, Wbtc, Weth, Usdc, etc. If you deposit $50 you will earn 50 points per day. Depositing funds allows you to take a loan (I recommend not going beyond 50% of the deposit. If you deposit $1000, I recommend borrowing no more than $500).
The nicest pools (mSol, JitoSol, bSOL) to implement our (0 risk) strategy are unfortunately full. The platform was stormed by "airdrop hunters" after Jito's airdrop. mSol, Jitosol, bSol are excellent tokens because following the Solana price you do not run any risk of liquidation. If you deposit $100 of mSol and borrow $70 of bSol, it is essentially a "100% safe" operation because you can never be liquidated (price rises and falls are proportional for both tokens). However, don't worry, there are stable assets such as Wbtc or Weth (but also USDC/USDT) that expose you to very low risk of liquidation.
How liquidations work:
1) If you deposit a stablecoin (Usdc) and borrow a volatile asset (Sol, Wbtc, etc), you can be liquidated if the assets you borrowed rise too much in price
2) If you deposit a volatile asset (Sol for example) and borrow a stablecoin (Usdc), it can be liquidated if Sol drops significantly in price
3) If you deposit a stablecoin (Usdc) and borrow another stablecoin (Usdt), you can never be liquidated
4) If you deposit mSol (or bSol, jSol, Sol) and borrow one of the four previously mentioned (for example bSol), you can never be liquidated
For the first 2 cases, I recommend taking 50% of your deposit and checking the settlement price. However 50% is very safe. When you want to withdraw your funds, just repay the loan you have taken ("borrow" section) and then withdraw your crypto from "lend".
HYPERLIQUID-PERPS TRADING (ARBITRUM)
Hyperliquid is a Perps trading platform. There are around 25k users. To use it you must withdraw Eth on the Arbitrum network, buy Usdc.e on Odos.xyz (another platform that could do airdrop!), connect Metamask and deposit Usdc.e by clicking on "deposit". At the top left you can find the crypto you want to trade (BTC/Usdc, ETH/Usdc, SOL/Usdc, TIA/Usdc, etc), on the right you can decide whether to go "long" (price rising) or "short" ( falling price).
You can set the leverage. Remember that leverage allows you to simulate larger volumes but amplifies both gains and losses. If you use 10X leverage with $50 it means opening a position with $500 (therefore $1000 in volume between opening and closing). Obviously you cannot lose more than your margin ($50), if the market goes in the opposite direction to your choice and you are close to a loss of $45, your position is liquidated. Clearly, to be liquidated with 10x leverage, approximately -10% is needed. It is not necessary to use the lever.
You earn points every week by trading Perps (long and short). You can open the trade and close it even after 20 seconds, obviously you will pay a few cents in fees. To close the trade you can click on X-close all in the positions summary.
Other decentralized exchanges (still without points) but which could do an airdrop: Drift (Perps trading and lending on Solana, around 50k users) and Aevo (Perps and Options trading on Arbitrum, around 20k users).
Remember it is not necessary to climb the ranking of each platform! The important thing is to accumulate points. I have been using all these platforms for some time and they are "safe", however the article is not intended as an incentive to invest or trade. It is an operational guide relating to my activities as an "airdrop hunter". You should always do your own research (DYOR).
Are you interested in ways to earn crypto bonus? Check it out here: Some Sites To Earn Crypto Bonus (Old & New)
