After Pyth and Jito, Other Projects that Might Airdrop in the Solana Ecosystem
Web3 users have recently shown increased interest in the Solana ecosystem as projects like Pyth and Jito introduce tokens and distribute airdrops. According to feedback, these airdrops from Pyth and Jito have seen widespread amounts reaching thousands or even tens of thousands of dollars, particularly attractive because users often spent minimal costs to achieve high returns.
WikiBit has compiled a list of several Solana ecosystem projects with existing airdrop opportunities:
Phantom is the network and mobile wallet for Solana. Creating a Phantom wallet is a fundamental step to participate in Solana airdrops. As a wallet custom-built for Solana, Phantom facilitates asset management and interactions within the ecosystem.
MarginFi is a decentralized portfolio margin protocol for trading on Solana. The protocol provides traders with a unified account to access margin, compose portfolios, and enhance the capital efficiency of underlying trading protocols.
MarginFi offers various features, including borrowing, lending, and yield enhancement. Engaging in these activities may qualify users for airdrops.
Borrowing on MarginFi.
Lending on MarginFi.
Pledging SOL for LST.
Referring other users to use MarginFi.
Drift Protocol offers leverage trading and lending functionalities. Engaging in trading and providing liquidity on Drift makes users eligible for participation in its airdrop activities. This is particularly useful as it is a decentralized exchange, allowing users to trade on Drift without any hindrances or regulatory restrictions. You can trade Bitcoin or even Solana on the Drift Protocol. Here are the standards you need to follow:
Connect your wallet to the Drift Protocol.
Trade on the Drift Protocol.
Provide liquidity to Drift Liquidity Providers (DLPs).
Collateralize assets in the Drift Insurance Fund Treasury.
Borrow assets on Drift.
Refer Drift to other users.
Jupiter is a comprehensive trading platform that offers features such as swaps, limit orders, and Dollar Cost Averaging (DCA). Actively engaging in Jupiter's functionalities may make users eligible for participation in its airdrop program. Here are the actions to take to potentially qualify for the airdrop:
Perform swaps on Jupiter (applicable to all swaps).
Set limit orders on Jupiter.
Execute Dollar Cost Averaging (DCA) using Jupiter.
Utilize the Jupiter Bridge Aggregator.
Trade perpetual contracts on Jupiter.
Tensor is an NFT marketplace similar to Blur, offering a continuous point system for participation in NFT-related activities. Here are the steps to follow:
List an NFT from the top 100 collections.
Bid on an NFT from the top 100 collections.
Provide liquidity for an NFT from the top 100 collections.
Purchase and hold a Tensorian NFT.
Kamino Finance is an automated liquidity solution that earns returns through market-making.
According to a CoinDesk report, insiders revealed that Kamino is set to launch a rewards program. Marky, a community user, mentioned in a Twitter Spaces session on December 7th that this could “very likely become a token in the future.” Following this, Kamino's official account retweeted the news and confirmed that Kamino points are on the way.
In the Solana ecosystem, there are numerous projects like Zeta, Mayan Finance, and Phoenix Trade, each offering unique airdrop opportunities. The participation criteria vary and include a range of activities from trading and staking to participating in cross-chain swaps.
Projects that often provide large airdrops may not necessarily meet all three conditions: low user cost, high airdrop certainty, and high returns for users. Therefore, when interacting with projects, it's important to carefully screen them, paying attention to the interaction costs.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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