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3 Crypto Airdrops for the Second Week of October: Here’s What to Know 3 Crypto Airdrops for the Second Week of October: Here’s What to Know

Best Solana Airdrops for Early Crypto Access

As Bitcoin hauls altcoins further north in the wave of US election euphoria, crypto airdrops provide investors with low-bar entries into early-stage projects without any initial investment.

DeFi and airdrops researcher Jussy.Sol highlighted several crypto airdrops offering investment opportunities.

Switchboard: Plug into the On-Chain Economy

Switchboard airdrop is potentially confirmed, with orbs available for earning when participants supply liquidity to any partner project or complete quests. They have also recently announced a partnership program with Monad, which could culminate in a commendable airdrop.

“If you missed $1,500 — $3,000 drop from PYTH, you still have a chance to get SWITCH. To collect ORBs, use their partner protocols (RainFi, Save, Dumpyfun, Marginfi, All Domains, Drift), and stay active in Discord,” the researcher noted.

Read more: What are Crypto Airdrops?

Indeed, participation criteria include participating in community tasks and engaging with supported protocols to increase orbs, ultimately improving one’s chances in the airdrop. The Solana Guides website notes Flexlend, AllDomains, Solend, Marginfi, and Kamino as named protocols to engage. Of note, however, is that the Switchboard airdrop remains “severely underfarmed.”

Stabble: Revolutionizing Liquidity

Advertising as Solana’s first frictionless liquidity and trading layer, Stabble reserved a significant allocation for its STB airdrop. To be eligible to receive the airdrop, interested participants must be active users of the protocol, among other criteria.

Participants can earn points by executing swaps, depositing liquidity, or creating and managing pools. The more points one earns, the larger their airdrop, with the first season starting with the mainnet launch and ending with the TGE. Meanwhile, the project introduced methods to boost points earned.

“Users will need to spend significant time on the Stabble platform, have a strong understanding of DeFi, and be willing to provide in-depth feedback on features, UI, and UX — offering suggestions for improvements as engaged users. Feedback will be delivered in a structured manner, with feedback forms and accompanying loom/screen recordings where required,” Stabble detailed.

Kamino Finance: Concentrated Liquidity Layer

Another crypto airdrop on Solana is Kamino Finance. It offers lending and borrowing while providing access to a whole slew of vaults, effectively delivering multiple DeFi strategies.

Kamino has publicly confirmed its rumored airdrops and tokens. The simple premise is that users earn points by using Kamino products. As soon as season three of the airdrop goes live, the points will be converted into KMNO tokens.

“In Season 3, earn KMNO by using their platform — Multiply, Vaults, Lending, Borrowing, Long/Short,” said Jussy.Sol.

For reference, Season 2 distributed 3.5% of Kamino’s total token supply, 350 million KMNO tokens, which were worth around $13.5 million over four months. Season 3 started on August 1. The estimated total points at the end of Season 3 would be around 674 billion, representing a 36.1% increase compared to Season 2.

Dawn: Delivering Internet Service

Through the Dawn protocol and hardware, property owners or residents can buy and sell Internet capacity in the area around them. While the project empowers users to operate as their own Internet provider, Dawn Airdrop remains unconfirmed, according to airdrops.io.

Nevertheless, users receive free reward points by installing DAWN’s validator extension and participating as a validator node. Participants must also refer 30 to 40 users and follow DAWN on X, Discord, and Telegram. Earned points can later be converted to an airdrop.

“In such Airdrops, those who have referrals win that’s why Dawn reached 1M users, so fast,” Jussy.Sol added.

Cube: Providing Next-Gen Multi-Chain Experience

Cube is committed to actively participating in the development of decentralized cross-chain protocols and Web 3.0 infrastructure. According to Jussy.Sol, Cube plans to launch both its token and the mainnet of the intent network in the second quarter of 2025.

Nevertheless, the researcher observes that the testnet task will debut imminently. Based on this, they urge users to hold their deposits and get “Loot Boxes” every Sunday. Moreover, participants can earn points by opening these boxes, with the points being directly proportional to the rewards.  Meanwhile, others like @Airdrop Guard on X say Cube is in line to win in the Solana ecosystem.

Solayer: Building Restaking Network Natively On Solana

Among the potential airdrops, Solayer is running a rewards system. While they do not have their own token yet, new registrations and deposits position users for the airdrop once the token debuts.

Meanwhile, Solayer has also rolled out its mainnet, allowing users to earn additional rewards. Participation requires meeting specific criteria, including depositing 10 native SOL tokens, joining epoch, referring depositors, and using all invite codes, among other requirements.

“Deposit amount, deposit duration, higher multipliers for native SOL deposits,” the researcher noted.

Flash Trade: Trading and Earning

Flash Trade presented its FAF token, which is expected to debut in the fourth quarter (Q4). Meanwhile, the Flash Trade airdrop is confirmed for Flash Trade NFT holders, although it remains unclear how much they will receive. Meanwhile, experts urge airdrop farmers to continue trading, open several positions, and deposit in Liquidity Pools.

The Vault: Aligning Financial Stakes with Social Stakes

Featuring among the confirmed airdrops, The Vault does not have its own token, but one could launch soon, offering an airdrop to users who collect points. This means users who collect points will be able to redeem their governance token once the token launches.

Read more: Best Upcoming Airdrops in 2024

The Vault airdrop was moved to 2025, extending the runway for interested airdrop farmers. Participation requirements include staking SOL or providing liquidity to the Saber SOL-vSOL pool and staking the LP tokens in the quarry to earn points. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Lockridge Okoth

https://beincrypto.com/top-crypto-airdrops-on-solana/

2024-11-06 14:14:40

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