9 projects with nice yield opportunities & airdrop farming potential - part II
Hey, friends!
Here are some protocols with untapped opportunities, like yield opportunities, airdrop, etc., that you can explore today.
They consist of potential projects from different networks and sectors.
Let's sail the sea, anon.
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9 projects with nice yield opportunities & airdrop farming potential - part II
Here are some protocols with untapped opportunities like yield, Airdrop, etc that you can explore today, consisting of potential projects from different networks either Evm, Non-Evm, or cosmos in a wide range of Defi sectors like derivatives, Yield, Dex, and many more. These projects are highlighted due to their prominent backing, yield opportunities, etc but none of it should be considered as financial advice do well to also do your research before interacting Let's sail the sea:
1/ Pontem
Pontem is a product development studio building products with Move on Aptos and other L1s; they aimed to build infrastructure to foster adoptions for L1s such as development toolings, AMMs, EVMs, and many more. Pontem has developed a wide range of products like liquidswap (Leading Dex by TVL on Aptos), Pontem wallet, Lumio (modular VM abstraction that allows every blockchain virtual machine to be deployed on it, either EVM, Move VM, and more); they raised $10.5m in two funding rounds including participation from S-Tier investor like Pantera and Delphi digital. Pontem has teased launching a token with an airdrop this year, and they have a separate menu for an 'airdrop' on Liquidswap, which makes it very obvious. Despite this and being one of the leading Dapps on aptos, it's very underfarmed that you only need a $12k swap volume to be in the top 100:
The most efficient way to interact is through the ecosystem by using the Pontem wallet, making swaps on Liquidswap, which also qualifies you for aptos airdrop 2.0, and last but not least, interacting with Lumio. There is also a Galxe campaign called "Lumio journey," which I presumed might also be a criterion for an airdrop.
2/ Zora
Zora is a decentralized protocol where anyone can freely buy, sell, and create NFTs. The Zora network is secured by Ethereum and powered by Opstack. It secured $60m in funding rounds from investors like Haun Ventures and Coinbase Ventures. Zora is one of the projects categorized as 'overfarmed' due to a whooping 2m addresses that have interacted with it since inception, but digging deep into the data says otherwise:
According to the data above, Zora has over 2m addresses with only 477k deposited on the platform, over 229k addresses active for one day, over 188k addresses active for two to three days, and so on. Let's look at several NFTs mints: over 617k addresses mint one NFT, over 459k addresses mint two to five NFTs, over 200k addresses mint six to ten NFTs, and so on. Judging from the above data, we can see that there are more inconsistent users vs. active ones, and if you mint one NFT each day for 30 days, you'd be among the 1%, and you can do all your interactions on the base network to kill two birds with one stone. Owning Zora Zorb NFT might also be a criterion.
3/ Nillion Network
Nillion is a secure computation network that decentralizes trust for higher-value data in the same way blockchain decentralized transactions. They envisioned a future where high-value data (HVD) is securely stored, and they did this by leveraging privacy-enhancing technologies(PETs). They've gained support from CT big accounts like Anseem and also raised $20m with participation from S–Tier investors like hashkey.
Their testnet is already live; the good news is that it's incentivized. The first phase is Genesis incentivized sprints, which run for four weeks and feature different tasks to test the network.
4/ Zest Protocol
Zest is the leading lending protocol on Stack (Bitcoin L2) with over $34m TVL.
Its vision is to expand the market share to BTC lending, run on a smart contract secured by the Bitcoin network to reduce counterparty risks, and make funds accessible to users anytime. Zest secured a $3.5m funding round with participation from S-tier investors like Binance Labs.
They have an ongoing point program with Less than 10k participants. You earn one point for every one dollar you deposit (Lend) daily and 10% of the points accumulated by your referred user; the best way to max the point farming is through depositing stSTX, which is got from stacking your Stack on StackingDao (Leading liquid stacking protocol on Stack), By depositing you earn one point per one dollar while earning 1.5 StackingDao point/dollar simultaneously for using stSTX in Defi.
5/ Econia Labs
Zest is a hyperparralized on-chain Orderblock for the Aptos blockchain. Econia is Permisionless, open source, and fully on-chain, allowing users to trade digital assets with anyone; it raised $6.5m led by S–Tier investor Dragonfly.
Econia was one of the frontier Dapps on the Aptos network and integrated into almost all other potential projects on the ecosystem, which allowed interaction for aptos 2.0 airdrop at the same time as for Econia airdrop or 3 in 1 airdrop if the Dapps in question were also tokenless before going to the Dapps that integrate Econia Orderblock let's first look at their ongoing campaign. Econia doesn't have any ongoing point program or campaign. Still, you can get discord roles through Zealy tasks and Accumulate Galxe points by joining their promotion and partnership campaign on Galxe. Three tokenless that integrate Econia Orderblock where you can interact to earn a 3in1 airdrop namely Econia airdrop, Aptos 2.0 airdrop, and the tokenless protocol involved are kana Labs (Raised $2m), Panora (Backed by Aptos and Outlier Venture), Gator trade (Pontem Ecosystem) and Aries (leading lending market on Aptos with over $141m Tvl).
6/ Zerion
Zerion is a crypto wallet like Metamask with an Intuitive UI, a Multichain portfolio, and much more. The team has now transcended to build their L2 called Zero network, where users pay zero transaction fees. They raised $22.5m from notable investors like Coinbase Ventures, Wintermute, and Alchemy. We can assume TGE following their network launch, and it might be closer than we'd imagine considering the fact the network already has a social media present since May and the bio says 'Coming soon':
Interaction with Zerion is self-explanatory. Download the wallet and Mint DNA NFT to track your transaction, and frequently use the swap with the bridge button—it's easy and peasy. One of the reasons why I love Zerion is that it is underfarmed compared to the rabbit wallet, which has millions of addresses participating in its point system.
7/ Hyperliquid
Hyperliquid is a Layer 1 Orderblock-based perpetual futures derivative Dex, Hyperliquid has been consistently Top 3 derivatives protocol with over $390m TVL ranking along the OGs like Gmx and Dydx; the perpetual growth is a testament to an experienced team; quick listing of hot tokens/Premarket and Low fees compare to CEXes.To date, Hyperliquid has received 0 investment from VCs and is self-funded. What caught my attention with Hyperliquid is how they managed to keep their users even after the points system ended. The TVL has been in an uptrend:
The first bottleneck project faced after distributing the airdrop/ending point system was how to turn airdrop farmers into organic users, which only sometimes worked out as most of this project is vapourware and copycat with no PMF. On the contrary, Hyperliquid can achieve this due to their unique approach; after the end of the 6-month point program, they began the L1 season, where 700k points will be distributed weekly for four months for trading on the Hyperliquid spot market. There are no definite formulas for calculating the points to avoid system gaming. Still, the most efficient way to farm it is by holding the first token on the spot market, Purr, and generating as many volumes as you can on the spot market. The system also deters inflated activity like wash trading.
8/ Polymarket
Polymarket is a prediction market allowing users to trade their beliefs in politics, news, crypto, and tech. Built on a polygon with an event-driven option that resolves to $1 or $0, which can be exited anytime before maturity. They raised $74m in funding rounds from S-Tier investors like Balaji, Polychain, Dragonfly, and Vitalik Buterin, who also praised them in his article:
Polymarket hasn't hinted at launching a token or airdrop. That's why I'm not surprised they've less than 3k active users and 28m TVL, even with their vast raises; if they've to launch a token with current metrics, early users are going to be rewarded, and I presumed TGE to be during the USA election frenzy or when they launch sports prediction market. To interact is very simple: just bet on something likely to happen or not; for instance, they recently featured a prediction bet on the upcoming airdrop like Layerzero, Zksync, etc., to occur before June 30, which makes sense as most of these projects are gearing up their TGE, you can bet 'Yes' and you'll receive the outcome after the duration ends.
That’s all for today frens.
Stay safe.
That’s it for today, anon!
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