Original author: Peng SUN, Foresight News
The 2024 airdrop season has started. In addition to potential big hits such as Cosmos, EigenLayer, Renzo, and Berachain, Foresight News has selected more than 10 recent airdrop projects worth paying attention to, covering Layer 2, DeFi, Sui, Bitcoin, wallets, RWA, Cosmos game chain and other fields, what other opportunities do you have to participate in these projects?
OP Mainnet
Community usersOP Michael said, before April 2023, perhaps 20 million OP will be used for airdrops. Currently, there have been 3 airdrops, with a total of 19, 411, 313 OP.
To obtain the fourth OP airdrop, you may still need to entrust the OP to an active delegator. But at the same time, since the last airdrop was entirely focused on OP staking, the fourth airdrop may also adopt other standards, such as interacting with other OP super chains such as OP Mainnet, Base and Zora.
Scallop
The Sui ecosystem has experienced explosive growth in the past six months, with TVL exceeding US$300 million, surpassing Bitcoin to become the third largest non-EVM chain. SUI also had a strong market pull some time ago, reaching a maximum of 1.45 USDT on January 15.
For an explanation of Suis ecology, see Haotian: Behind Sui’s brilliance: the “blood advantage” of the Move public chain and the new DeFi ecosystem that is expected to explode》。
ScallopIt is the lending agreement on Sui, and it is also a recent airdrop project on Sui. Scallop TVL is now US$61.4 million, ranking first in the Sui ecosystem. It is also the first DeFi project to receive funding from the Sui Foundation, and has received investments from Comma 3 Ventures and OtterSec.
Scallop token SCA can be used for governance and voting, liquidity mining and lending interest fee discounts. The total supply of SCA is 250 million, 45% is used for liquidity mining, 18.5% is allocated to Scallop project contributors, 4% is used for development and operations, 2% is allocated to consultants, 11% is allocated to strategic partners, 7.5 % is allocated to the ecosystem/community/market, 5% is used for liquidity, and 7% is allocated to the treasury.
On January 1, 2024, Scallop launched the airdrop points system and completed the first phase of snapshots to reward early Scallop supporters. Users can earn points based on their activity and participation in Scallop, and can use points to generate Mysterious Pearls. Mysterious Pearls are divided into different levels such as bronze, silver, gold, platinum, diamond, and legend. You can receive airdrops after the tokens go online.
However, the value of the airdrop in the second phase seems to be higher. The project team stated that the points in the first phase are different from the points in the second phase, and the number and value of pearls that can be redeemed in the two phases will also be different. At the same time, most of the airdrops will be awarded to second-stage users. Scallop has launched the second phase of airdrop on January 16, which will last for 2 weeks.
First, qualified borrowers who provide a time-weighted value greater than $100 on Scallop before the second phase of the airdrop will be rewarded with points;
Secondly, starting from January 16, users who provide liquidity and lending on Scallop during the second phase will also receive points, snapshots will be taken every day, and points will be updated every 48 hours;
A few days after the event ends, users can redeem their points for mysterious pearls.
In addition, Scallop has been migrated from Solana to Sui. Previously, early Solana voters and NFT holders of the Scallop DAapp will be rewarded in a separate reward pool, but they will not be able to participate in the Scallop Mysterious Pearl.
NAVI Protocol
NAVI ProtocolAlso a loan agreement on Sui, TVL is now $54.55 million, ranking second after Scallop. NAVI Protocol is one of the 4th phase projects of OKX Web3 Wallet Cryptopedia. On December 8, OKX Web3 Wallet also launched the NAVI interest rate hike event, attracting a large amount of liquidity.
NAVI Protocol has not yet announced the details of the airdrop, but it has been listed on Leaderboard, and points will be issued to users every week based on the total liquidity provided, loan volume, weekly activity, and Zealy points. According to the roadmap, the NAVI Protocol utility token and governance token NAVI will be released in the first and second quarters of 2024.
StakeStone
Recently, under the leadership of EigenLayer, AltLayer, and Renzo, LST and LRT have become popular again. In this field, another project worthy of attention is StakeStone.
StakeStoneIt is a one-stop full-chain LST staking protocol, benchmarked against Lido, which can bring native staking income and liquidity to Layer 2. It not only supports the head staking pool, but is also compatible with re-staking and will integrate EigenLayer. StakeStone supports ETH beacon chain re-pledge and LST re-pledge, aiming to become the leading protocol on the re-pledge track.
According to DefiLlama data, in just 3 weeks from December 15, 2023 to January 3, 2024, StakeStone TVL surged from US$4.17 million to US$542 million, and the current TVL is US$710 million. StakeStone is also deeply involved in Mantas incentive activities. Among Manta New Paradigms $900 million TVL, StakeStone provided $720 million in liquidity.
StakeStones native LST is STONE, which has been officially upgraded to full-chain LRT. STONE is an OFT based on LayerZero, which can be seamlessly used in multi-chain liquidity markets through STONE-Fi, such as DEX, AMM, lending, stable coins, derivatives, GameFi, SocialFi, etc. STONE does not use a rebase mechanism, but is similar to Lidos wstETH in generating revenue. In other words, the number of STONE will not change with the changes in the income generated by ETH staking, but its value will increase with the increase in ETH staking income.
StakeStone has not issued coins yet, and the team is expected to launch airdrop-related activities. Currently, users can stake ETH in StakeStone and earn income from the STONE-Fi ecological protocol.
Kelp DAO
In the re-staking track, another popular project isKelp DAO, this is also a multi-chain liquidity staking platform. Its founder previously founded the liquidity staking protocol Stader Labs. Stader is the second largest LSD protocol on both Polygon and BNB Chain. According to DefiLlama data, Kelp DAO TVL is now $167 million.
Kelp DAO is currently building an LRT solution on EigenLayer. Its re-pledge token is rsETH. The LST currently supported includes ETHx (Stader), sfrxETH (Frax) and stETH (Lido). Users can re-pledge the above assets in exchange for rsETH. The reETH price is currently the base price of various rewards and pledged LST. rsETH can be used in other DeFi protocols.
Currently, Kelp DAO has launched Kelp Miles incentives. Kelp Miles are used to track users contributions to Kelp and are used to determine future reward distribution proportions. Kelp Miles depends on the users LST re-staking amount and the number of days of staking. Users who previously staked LST from December 12, 2023 to January 1, 2024 can receive 1.25x Kelp Miles in the next 3 months. Users who stake LST after January 1st will receive Kelp Miles rewards as usual.
In addition, all users who re-stake on Kelp before the EigenLayer deposit limit is closed are eligible to receive EigenLayer Points, which will be distributed according to the amount of LST deposited by the user.
Kinza Finance
Kinza FinanceIt is a decentralized lending protocol on BNB Chain that uses the ve(3, 3) model to deal with protocol incentives and governance issues, allowing users to withhold collateral from borrowers, limiting transaction risks, short-selling opportunities and governance manipulation. Kinzas core revenue comes from interest paid by borrowers, with the majority of interest paid to the lenders who initially provided the liquidity. Kinzas native token is KZA. Users can pledge KZA in exchange for xKZA. xKZA can be used to vote and bribe the fund pool. xKZA, vote buying, and voting functions will be launched after TGE.
According to DefiLlama data, Kinza Finance TVL rose from a peak of $1.89 million on November 1, 2023 to a peak of $78.06 million on January 15, 2024, and is now at $64.26 million.
In August 2023, Kinza Finance received investment from Binance Labs as one of the best-performing projects of the MVB Accelerator Program in Season 6. It is worth noting that in this phase of the MVB Accelerator Program, the other three projects invested by Binance are the Ethereum expansion project AltLayer, the sustainable DEX project KiloEx, and the virtual companion game Sleepless AI based on the AI blockchain. Currently, Binance Launchpool has launched AltLayer and Sleepless AI.
The total supply of KZA is 100 million. The KZA airdrop will take place after TGE (date yet to be announced), and the team will allocate 5% of the total supply of KZA (5 million pieces) for the airdrop. Additionally, 10% of the total KZA supply will be allocated to the team, 12% to investors, 3% to advisors, 5% to reserves, 10% to the ecosystem, and 55% to the community.
Kinza has now launched an airdrop points system, which will calculate the number of airdrops it can receive in the future based on the deposited TVL and the time it provides liquidity in the protocol. The longer users provide liquidity, the more points they earn and the more qualified airdrops they generate. Points and KZA are not exchanged 1:1. Kinza has offered an additional 10% reward to users who provide liquidity before the launch of the airdrop points system. New participating users can participate in Kinzas airdrop recommendation program, and both the recommender and the recommended person will receive a 10% reward of the recommended users airdrop allocation.
KiloEx
KiloExIt is a sustainable DEX project on BNB Chain, opBNB and Manta. According to DefiLlama data, KiloEx TVL is now $14.51 million.
KiloEx’s native token is KILO, and its managed token is xKILO. The total supply of KILO is 1 billion, 10% of its tokens will be airdropped to early adopters, 34% allocated to the ecosystem, 10% used for staking rewards, 20% allocated to the team, 10% allocated to private sales, 10% distributed To strategic investors, 5% is allocated to advisors and 1% to liquidity providers.
KiloEx has now launched the points airdrop plan V1.0. Points can be earned on the three main networks of BNB Chain, opBNB and Manta through transactions, financial management, inviting new users, signing in, and obtaining OAT. KiloEx Genesis NFT holders can receive xKILO token airdrops.
ZeroLend
ZeroLendIt is the largest native stablecoin lending protocol on zkSync and the third largest native stablecoin lending protocol on Manta Network, with a current total TVL of $22.23 million. ZeroLend is based on Aave V3, similar to Radiant Capital, supports account abstraction, provides ONEZ stablecoin, and will support RWA lending in the second quarter of 2024. It plans to integrate the zkSync Hyperchain privacy layer in early 2025 to complete transaction privacy under compliance. .
According to official documents, the total supply of ZeroLend’s native token ZERO is 100 billion, of which 30% is allocated to private sales, 10% is used for liquidity, 5% is allocated to the team, 10% is allocated to the treasury, and 7% is allocated to consultants , 3% is used for airdrops, and 35% is used for community incentives.
ZeroLend has now launched the airdrop point platform Zero Gravity. Users can participate in on-chain interactions or invite new users to earn points. The initial supply of ZeroLend token ZERO is approximately 10% to 18% of the total supply (official documents show 18.8%), of which 1% to 2% will be used for airdrops, accounting for approximately 10% of the circulating supply at launch.
In addition, ZeroLend stated that users participating in Zero Gravity are also eligible to participate in possible future airdrops such as PYTH, MANTA, and ZKS.
Halo Wallet
Halo WalletIt is a DeSoc wallet developed by KuCoins former Web3 team. It is now integrated with Lens Protocol and can access users social graphs and analyze on-chain transactions.
Halo Wallet has launched an XP points system. Users can purchase Genesis Pass to participate in wallet transactions, recharges, likes, etc. to earn points. Points will be linked to future airdrops, and the airdrop plan is expected to be announced in the first half of the year.
Bool Network
BOOL Network is a decentralized signature protocol established in late 2020. The team has been studying Bitcoin Layer 2 solutions and published an academic paper in 2022.Bool Network: An Open, Distributed, Secure Cross-Chain Notary Platform。
BOOL Network deserves attention because the project may be the same team as SatoshiVM, which recently conducted an IDO on Bounce, and the SatoshiVM token SAVM IDO increased nearly 300 times. Further reading: IDO nearly 300 times! Revealing the Big Boss Behind the SatoshiVM Code》。
After community users revealed the relationship between SatoshiVM and BOOL Network, BOOL NetworkSay on Twitter, The team is working closely with the SatoshiVM team to develop infrastructure in the Bitcoin and EVM fields. No BOOL has been issued yet, and there are no airdrops. However, we are closely monitoring all activities of partner projects, including SatoshiVM, to determine good holder base”.
Currently, according to GitHubwhite paperIt shows that the maximum supply of BOOL Network’s native token BOOL is 1 billion, and the initial supply is 500 million. Among them, 3% of BOOL tokens will be used for airdrops, 50% will be allocated to miners (nodes), 12% will be allocated to the team, 15% will be allocated to investors, 10% will be allocated to the foundation, and 10% will be used to incentivize testnet users . BOOL can be used for Gas fees, governance and staking.
Tabi
Tabi(formerly Treasureland) is an NFT market on BNB Chain. It has recently announced that it will launch Tabi Chain, a game blockchain with EVM compatibility on Cosmos. A testnet will be launched in February this year. According to Tabi, Tabi Chain has features or functions such as Omnicomputing, parallel sharding, supervisory sharding (the integrity of the game experience is maintained by Tabi supervision nodes), and Tabi Runtime.
In 2023, Tabi completed an angel round of financing of US$10 million. Participants included Animoca Brands, Binance Labs, Draper Dragon, HashKey Capital, Infinity Ventures Crypto and Youbi Capital. Individual investors included Feng Bo (Dragonfly), Riyad AD (Saudi Arabia ) and Suji Yan (Mask Network). This round of financing will be used to develop Tabi’s gaming ecosystem and upcoming on-chain identity protocol.
Tabi official website has launched 4 issuesVoyagers Event, its official Twitter stated that completing this series of tasks willAirdrops available。
Ondo Finance
Ondo FinanceIt is a RWA tokenized investment protocol. It has now launched tokenized funds, allowing stablecoin holders to invest in bonds and U.S. Treasury bonds. It now offers three products: U.S. Government Bond Fund (OUSG), Short-term Investment Grade Bond Fund ( OSTB) and High Yield Corporate Bond Fund (OHYG). Last year, Ondo launched USD Yield (USDY), a tokenized note guaranteed by short-term U.S. Treasury bonds and bank demand deposits. Currently, Ondo has expanded to Polygon, Solana, and is listed on Coinbase.
In April 2022, Ondo Finance completed a $20 million Series A round of financing, led by Founders Fund and Pantera Capital, with participation from Coinbase Ventures, Tiger Global, GoldenTree Asset Management, Wintermute, Flow Traders, Steel Perlot and an Ivy League endowment fund. Shortly afterwards, Ondo raised $10 million through a token sale on CoinList, with more than 18,000 people participating.
According to CoinGecko data, the total supply of ONDO is 10 billion, the circulating supply is approximately 1.44 billion, and the market value is approximately US$390 million.
Recently, the Ondo Foundation has launched the first batch of Ondo points plan, and the points ranking list is now online. It supports using Flux, holding OUSG or USDY to obtain retroactive points. You can get additional points by minting USDY, and you can get them by holding mUSD in Mantle Network. Points etc.
Ondo Finance also supports earning USDY liquidity on Uniswap on Ethereum via Range Protocol, or on FusionX or Agnidex via Range Protocol on Mantle, or on Orca or Raydium via Kamino on Solana. Earn points, and support the lending of stablecoins over-collateralized by tokenized U.S. Treasury bonds from Ondo Finance and earn points, etc. Points can also be earned by delegating ONDO or voting on proposals, and CoinList buyers who claim ONDO before March 31 will receive more points based on their pledge.
In addition, Ondo will also launch a second batch of points program, at which time it will cooperate with new projects and may provide retroactive airdrops to the community.
