The Top Airdrop Hunts of the Month: May 2025

April showers bring May flowers – and perhaps a fresh airdrop or two!

Bankless is constantly covering new airdrops, and each month, we send a list of crypto’s hottest airdrop opportunities directly to subscriber inboxes. Over 100 promising airdrop opportunities can be found in the Airdrop Hunter, our comprehensive hub of airdrop alpha shared exclusively with Bankless Citizens!

Today, we’re recommending 5 must-hunt airdrops for the month of May 👇

🏦 OpenEden

Website | Twitter

Backed by Binance’s YZi Labs, OpenEden is a real-world asset tokenization platform on Ethereum and Base that issues yield-bearing stablecoins, which are backed by safe and liquid short-term U.S. Treasury bills.

The OpenEden OpenDollar (USDO) is a permissionless rebasing yield-bearing stablecoin that is pegged to $1 and regulated by the Bermuda Monetary Authority; its holders automatically receive new tokens in their wallet to reflect earned yield. Conversely, cUSDO is a non-rebasing token, meaning that its value increases over time to reflect accrued yield rewards.

In March 2025, OpenEden announced a points program that rewards users with "bills" for holding USDO and participating in DeFi. Bills are points which can be redeemed for future ecosystem rewards at a later date, which could include an airdrop for early users.

1. [quest 941 “Hold (c)USDO”]
2. [quest 942 “Deposit (c)USDO within DeFi”]

🟠 Ostium

Website | Twitter

Following HyperLiquid’s immensely successful airdrop, a wave of hunters is now fixated on finding the next perpetual platform that could go mainstream. One name gaining traction is Ostium, an Arbitrum-based exchange that recently emerged into the spotlight after garnering widespread media coverage and $5B in cumulative trading volumes.

On March 31, 2025, Ostium introduced a points program that rewards users with weekly points distributions who receive "score units" from trading, referrals, and liquidity provisioning. While not explicitly stated, it is expected that units will convert into liquid tokens at a future date.

1. [quest 933 “Trade Perps on Ostium”]
2. [quest 934 “Provide Liquidity to Ostium”]
3. [quest 935 “Refer Others to Ostium”]

💱 LlamaPay

Website | Twitter

Instantaneous payments are an oft-cited benefit of blockchain technology. Not only does LlamaPay provide users with a full suite of crypto-native payments functionality, it also composes DeFi, enabling users to pay for subscriptions with the yield that can be generated from their crypto assets.

While LlamaPay neither has a points program nor mentions an airdrop in its official documentation, its developer (DeFiLlama) lists the protocol as an "airdroppable" application in its airdrop finder tool, indicating that the team may choose to distribute a token to early users at a future date.

Limited LlamaPay subscription payments integrations exist at this time, but the tool can be used to purchase a subscription to Portal Lab’s “CheckPoint API Key Management” service.

1. [quest 943 “Create Payments Stream”]
2. [quest 944 “Withdraw LlamaPay Payments”]
3. [quest 945 “Purchase CheckPoint API Key Management”]

😺 Felix

Website | Twitter

For HyperLiquid bulls looking to put their HYPE stacks to work, farming a future Felix airdrop could be a top airdrop play.

Felix allows users to retain exposure to their HyperLiquid assets – HYPE and UBTC – by borrowing feUSD stablecoins or depositing into the stability pool. Participants in the latter opportunity earn yield payments from protocol fees and vault redemptions (a form of feUSD borrower liquidation).

On April 18, Felix conducted its first points distribution for users. While there are no recommendations on how to earn points, it can be expected that these incentives will translate to liquid tokens at a later date. Additionally, as part of Felix's exclusive license to deploy Ethereum-native stablecoin issuer Liquity’s codebase to the HyperEVM, mainnet users of Liquity’s BOLD will qualify for Felix point incentives.

1. [quest 936 “Borrow feUSD”]
2. [quest 937 “Deposit into feUSD Stability Pool”]
3. [quest 939 “Borrow BOLD”]

🥩 Lombard Finance

Website | Twitter

Looking to put your BTC to work earning yield? Lombard Finance is crypto’s premier liquid BTC restaking solution with widespread integration among top DeFi applications, including Pendle, Aave, Euler, Derive, and Aftermath.

Built on top of leading BTC restaking platform Babylon, Lombard provides depositors with liquid receipts that can be deployed in DeFi to earn additional yield beyond restaking token incentives, enhancing the yield potential of your idle sats.

Lombard's Luminary program rewards users with "Lux" points for holding LBTC and depositing the token within DeFi; these points can be expected to convert into liquid tokens at a future date. Further, Lombard users are eligible to receive future Babylon staking and airdrop incentives.

1. [quest 946 “Acquire Lombard LBTC”]
2. [quest 947 “Deposit LBTC in DeFi”]