Navigating the world of airdrop farming can be rewarding, though it might seem complex at first. This guide spotlights the top five projects to focus your efforts, offering a blend of task-based and farming-based strategies to help you maximize your returns.
- Monad Airdrop
- Pendle Airdrop
- Lingo Airdrop
- Mantra Airdrop
- Everclear Airdrop
1. Monad Airdrop
Monad, an up-and-coming blockchain project led by Paradigm, recently closed another massive round of funding increasing the total raise to $244M at a $3B valuation. Although it doesn’t have a testnet out yet, it’s crucial to start farming now through their off-chain tasks, primarily on Discord. They have a social credit system focused on content creation. By becoming an active and early community member, you could potentially secure a significant airdrop when they launch. Similar to previous projects like Wormhole, Monad’s early Discord roles might qualify for future airdrops.
Step-by-step guide:
- Join the Monad Discord
- Visit the Monad website and click the “Join the Community” to join their Discord server.
- If you don’t have a Discord account, create one and verify your email.
- Become an Active Member
- Participate in the community by engaging in discussions, creating content, and helping others.
- Focus on achieving high social credit scores by being consistent and valuable in your contributions.
- Monitor Announcements
- Regularly check the announcements channel for updates on tasks and requirements for potential airdrops.
- Follow any specific tasks or quests announced by Monad to ensure eligibility for the airdrop.
2. Pendle Airdrop
Pendle is a sophisticated platform that allows you to earn substantial yields on your Ethereum. By using restaking protocols like Etherfury, you can leverage your Ethereum to earn up to 21% APY. Pendle offers various contracts and timelines, allowing you to maximize your returns by selling earned points for Ethereum. This approach is ideal for those who prefer holding Ethereum and are looking for higher returns than typical exchange rates.
Step-by-step guide:
- Prepare Your Ethereum
- Ensure you have Ethereum (ETH) available in a wallet compatible with Pendle, such as MetaMask.
- Visit Pendle Website
- Go to Pendle.
- Connect your wallet to Pendle.
- Choose a Farm
- Select a farm that suits your timeline and APY preference. For example, choose one with a 21% fixed APY.
- If you prefer, use Arbitrum to save on gas fees by bridging your ETH to Arbitrum.
- Deposit ETH
- Deposit your ETH into the chosen farm. This will involve interacting with Pendle’s smart contracts.
- Set a reminder to withdraw your funds once the maturity period ends.
- Claim and Reinvest
- Once your funds mature, claim your earnings and reinvest them if desired.
- Keep an eye on new opportunities within Pendle for maximizing your returns.
3. Lingo Airdrop
Lingo, a project focused on real-world assets, offers a fun and engaging way to earn airdrops. By connecting your Twitter and email, you can participate in daily quests and level up your account. Lingo’s gamified platform makes it easy to farm social points and position yourself for future airdrops. With partnerships including Nike, Spotify, Uber, and Netflix, Lingo is set to make a significant impact in the web3 space.
Step-by-step guide:
- Visit Lingo Website
- Go to Lingo website.
- Connect Your Accounts
- Connect your Twitter and email accounts to Lingo.
- Follow the on-screen instructions to verify your email.
- Complete Quests
- Navigate to the quests section and complete the available tasks, such as tweeting about Lingo, joining their Discord, and engaging with their content.
- Perform daily tasks to accumulate points and improve your ranking.
- Monitor Your Progress
- Check your progress regularly on the Lingo dashboard.
- Aim to achieve the highest ranks to maximize your potential airdrop rewards.
4. Mantra Airdrop
Mantra has recently exploded in popularity with their Hongbai Incentivized Testnet, focusing on real-world assets on the blockchain. By participating in Galxe and Discord activities, you can position yourself early for their airdrops. If you’re a developer or can deploy simple applications, you can benefit from substantial airdrops aimed at increasing on-chain usage.
Step-by-step guide:
- Join Mantra Discord
- Visit the Mantra website and join their Discord server.
- Participate in Galxe Quests
- Go to Galxe and search for Mantra’s quests.
- Complete the tasks listed, such as following Mantra on social media, retweeting their posts, and engaging in their community.
- Use the Hongbai Testnet
- Access the Hongbai Testnet through the Mantra website.
- Follow the instructions to deploy smart contracts, create test transactions, and provide feedback.
- Follow Developers
- Follow key developers like DefiSushi on social media for updates and additional tasks.
- Engage with their posts and provide constructive feedback on Testnet operations.
5. Everclear Airdrop
Previously known as Connext, Everclear is pioneering the first on-chain clearing layer. This project focuses on chain abstraction, allowing users to move funds across multiple chains without worrying about the underlying technology. By simplifying the process of transferring assets, Everclear aims to streamline crypto transactions for exchanges and large financial entities. Positioning yourself early in their community could yield significant rewards as they expand their scope and use cases.
Step-by-step guide:
- Join Everclear (Connext) Community
- Participate in Community Events
- Engage in community events, AMAs, and discussions.
- Follow their announcements for tasks that may qualify for future airdrops.
- Explore Chain Abstraction Features
- Understand the chain abstraction technology by reading Everclear’s documentation and whitepapers.
- Engage in testnet activities if available and provide feedback to the team.
- Monitor Updates
- Regularly check Everclear’s social media and official channels for updates on their airdrop plans.
- Be ready to participate in any tasks or requirements they announce for the airdrop.
Airdrop farming requires a mix of strategic placement, active participation, and early positioning. By leveraging these top five airdrop farming places, you can maximize your potential returns and stay ahead in the ever-evolving crypto landscape. Keep an eye on these projects, participate actively, and you could be on your way to earning substantial rewards.
Pro Tips:
- Stay Active on Discord: Many airdrops reward early and active community members. Engage in discussions and complete tasks regularly.
- Diversify Your Efforts: Don’t put all your eggs in one basket. Spread your participation across multiple projects.
- Monitor Developments: Keep up with project announcements and updates to stay informed about upcoming airdrop opportunities.