The Top Airdrop Hunts of the Month: October 2024
Airdrops are intended to motivate crypto application exploration, but for those unfamiliar with the space, hunting this “free money” can feel like navigating a minefield of scams.
Fortunately, the Bankless Analyst Team has already curated over 100 promising opportunities in the Airdrop Hunter, our comprehensive hub of airdrop hunting knowledge shared exclusively with Citizens!
Today, we’re sharing 5 must-hunt airdrops for the month of October (and giving the first recommendation away for free) 👇
🍐 Pear Protocol
Sector: Exchange
TVL: N/A
Chain: Arbitrum
Website | Twitter
About:
Pair trades effectively hedge out general market risks by capturing the difference in performance between two crypto assets. Their utilizers trade with a focus on relative outperformance and can profit from bullish (long) bets even when crypto prices perform poorly.
Pear Protocol provides seamless access to onchain pair trading by enabling users to simultaneously enter into leveraged long and short positions on integrated perpetual exchanges with one click. Traders can select between cross margin or isolated margin, respectively yielding a unified portfolio liquidation point or individual liquidations thresholds for each position.
Why We’re Watching:
On August 27, Pear Protocol launched a 6-week airdrop campaign that rewards Isolated and Cross Margin traders with soulbound NFTs based on their volume tier ($5k, $25k, or $50k). NFT holders will qualify holders for a slice of the PEAR airdrop.
Ready to start hunting this imminent drop? Trade pair perpetuals through either Pear Protocol implementation listed below!
- [quest 656 "Trade Isolated Margin Pair Perpetuals"]
- [quest 657 "Trade Cross Margin Pair Perpetuals"]
🌐 Polymarket
Sector: Prediction Market
TVL: $130M
Chain: Polygon
Website | Twitter
About:
Polymarket is crypto’s leading prediction market platform by total value locked and the third largest application on the Polygon PoS chain.
Bettors on Polymarket use the USDC stablecoins to speculate on event contracts, a specific type of financial transaction in which participants who correctly predict the outcome of an event are rewarded with a pro rata share of the bets made by losers in that market.
Why We’re Watching:
Prediction markets have seen their popularity surge to newfound highs in 2024 ahead of the U.S. presidential elections. Emboldened by the favorable business conditions, Polymarket is reportedly seeking $50M in fresh fundraising and considering a token launch.
While Polymarket has not revealed any official plans for an airdrop, it is probable that active users will receive tokens in the event one is launched. Start hunting this drop today by signing up for a Polymarket account and trading prediction markets!
- [quest 713 "Sign Up for Polymarket"]
- [quest 714 "Trade on Polymarket"]
Check out this guide for additional information on how to place your first Polymarket bet!
🤖 Vana
Sector: AI
TVL: N/A
Chain: Vana Network
Website | Twitter
About:
Vana is a startup that aims to build a network of user-owned data pools to address the need for AI training data while providing internet users with income. It has raised more than $25M in fundraising rounds led by the venture capital groups of Coinbase and Paradigm.
While centralized web services providers frequently sell their users’ data without sharing profits, Vana hopes its competitive avenues for data monetization will compel these entities to fairly compensate users for their data.
Why We’re Watching:
Although Vana has not provided formal airdrop qualifying criteria, it has indicated that many Data DAOs are being incentivized with tokens. Users who interact with Data DAOs by contributing to data liquidity pools should be well positioned to receive a Vana drop come mainnet launch!
- [quest 661 "Participate in Vana’s Telegram"]
- [quest 662 "Rate Tokens on Data Pig"]
- [quest 707 "Contribute to Other Vana DataDAOs"]
🛢️ Euler
Sector: Lending
TVL: $6M
Chain: Ethereum
Website | Twitter
About:
Euler V1 suffered a disastrous flash loan attack in 2023 that resulted in a 66% TVL loss. While subsequent recovery efforts returned nearly 90% of the stolen funds, the decision was made to wind up V1 operations and pivot development efforts towards V2 at this time.
On September 4, Euler shipped its long awaited V2 implementation to mainnet, which doubled down on permissionless lending approach with Euler Vault Kits, purpose-built lending pools that can hold virtually any crypto assets and can approve assets from any other Euler vault as lending collateral.
Why We’re Watching:
Euler has an active points program that rewards depositors and vault creators with XP. While there are no easily accessible ways for users to create their own vaults and Euler currently has no plans to distribute anything beyond valueless XP, it is likely that the Protocol will conduct an airdrop at some point in the future considering it already has a liquid token.
Deposit ETH or USDC and begin earning yield while earning XP to position for an EUL airdrop!
- [quest 693 "Deposit ETH or USDC Liquidity to Euler"]
🩷 Taiko
Sector: L2
TVL: $9M
Chain: N/A
Website | Twitter
About:
Taiko is a based rollup, a special type of Ethereum L2 that is fully encompassed within a set of smart contracts that is executed by Ethereum’s validators.
This structure decentralizes rollup sequencing operations, effectively providing Taiko users with the same Ethereum-level censorship resistance and liveness guarantees as they would receive on mainnet, but at drastically lower transaction costs.
Why We’re Watching:
Taiko has allocated 5M TAIKO (0.5% of total supply) for users in its Season 2 Trailblazer airdrop incentive campaign that is ongoing until December 16, 2024. Participants can receive XP points for onchain transactions based on the amount of gas paid and transaction value. Additionally, infrastructure operators earn XP for proposing blocks and a points boost is applied to certain Season 1 TAIKO airdrop participants.
Bridge ETH to Taiko and make onchain transactions to position for this drop!
- [quest 715 "Bridge ETH to Taiko"]
- [quest 717 "Swap with iZUMi Finance"]
- [quest 718 "Provide Liquidity through Gamma"]
- [quest 720 "Lend to Meridian"]
- [quest 721 "Borrow from Meridian"]