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Daily Brief

6 Projects Primed for Airdrops

The Bankless Airdrop Guide | May 2023
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May 12, 2023 β€’ 6 min read

Dear Bankless Nation,

Miss out on memecoin mania this week and feel left out from the profits?

Join other Bankless users and get to work exploring the frontier. You may be entitled to financial compensation... in the form of an airdrop πŸͺ‚

Today, we're walking you through our 6 latest airdrop predictions. As a paying subscriber to Bankless you also get access to our full list of 50 active airdrop strategies.

- Bankless team

The Bankless Airdrop Guide | May 2023

Bankless Analyst: Jack Inabinet

As the saying goes, crypto pays you to learn crypto, and airdrops are one of the best ways to earn and explore!

The Bankless Airdrop Guide is your home for alpha on web3 projects that you should be interacting with to maximize your chances of airdrops. No strategy is guaranteed, but the right tip may grant you a seat at the governance table of some of crypto’s hottest protocols, not to mention potentially juicy financial returns πŸ“ˆ

This month we’re adding six protocols, check them out below! 🏴

πŸ”΅ EigenLayer

Last updated May 12th, 2023

Name: EigenLayer
Status: Unconfirmed 🚫
Confidence: Medium
Sector: Restaking
Chains: ETH

Why we're watching:
EigenLayer recently deployed to Ethereum's Goerli testnet. The window is now open to (potentially) qualify for an airdrop from a protocol bound to revolutionize the course of Ether -- the (staked) asset.

While the protocol has not confirmed whether it will have an airdrop, decentralization will play a large role in scaling the project, making it a likely candidate for one.

What is it?
EigenLayer brings restaking – a novel primitive in crypto economic security – to Ethereum, allowing staked ETH to secure a wider variety of applications and accrue additional rewards. Stakers can opt into EigenLayer by restaking Ether directly with the protocol or locking approved liquid staking derivatives.

Maximize your eligibility by:
☐ Testing out EigenLayer on the Goerli testnet
☐ Running your own validator on Ethereum L1

Learn More:


🟠 Argent

Last updated May 12th, 2023

Name: Argent
Status: Unconfirmed 🚫
Confidence: Medium
Sector: Wallet
Chains: ETH, ZKS, STARK

Why we're watching:
On May 2, Argent announced the launch of its Starknet Xplorer Campaign. The deadline to claim the first NFT has passed, but thankfully, a total of eight NFTs will be issued. You can confirm your spot on the allowlist for the second mint now!

Project teams have previously used NFTs distributed to early ecosystem participants as the basis for future airdrops allocations, and it appears the Argent team could be following a similar route.

What is it?
Argent is a wallet provider offering a range of products for zkSync (Argent), Ethereum (Argent Vault), and Starknet (Argent X), allowing users to create non-custodial wallets without seed phrases using the concept of guardian accounts.

Argent is available to download on iOS or Android and Argent X is a browser extension for Chrome and Firefox.

Maximize your eligibility by:
☐ Onboarding to Argent
☐ Participating in the second mint
☐ Following along with Argent's Twitter and participating in the future Xplore events they announce

Learn More:

THANKS TO METAMASK PORTFOLIO

You can now stake your ETH through MetaMask with liquid staking providers, Lido and Rocket Pool. Head over to MetaMask Portfolio to get started! You can also view your assets in one place and discover other features such as Buy, Swap, and Bridge.

⚫️ Aevo

Last updated May 12th, 2023

Name: Aevo
Status: Unconfirmed 🚫
Confidence: Low
Sector: Options
Chains: AEVO

Why we're watching...

Aevo is a highly unique options exchange built by Ribbon Finance. Previously, we have seen protocols like Lyra airdrop tokens to both their own users and the parent project itself. While not a certainty, it is probable that Aevo follows a similar route.

What is it?
Aevo is an orderbook options exchange built on Aevo Chain, a custom OP Stack rolldApp, an L2 solution built on Optimism's code base that exclusively services the Aevo Exchange. Future roadmap items include shipping BTC options, increasing market maker integrations, and launching a stealth project for altcoin options trading.

Maximize your eligibility by:
☐ HODLing the Aevo Exchange Pass NFT (if you have received one)
☐ Lending to Ribbon's vaults, especially for assets listed on Aevo (ETH)
☐ Bridging USDC from Ethereum into Aevo Chain in-dApp
☐ Trading Ethereum options on Aevo
*Note: if you are unable to trade, DM Aevo on Twitter to request an Exchange Pass (access gated at date of update)

Learn More:

🟀 Scroll

Last updated May 12th, 2023

Name: Scroll
Status: Unconfirmed 🚫
Confidence: High
Sector: L2
Chains: ETH

Why we're watching:
In late February, Scroll announced that its Alpha Testnet was live on Goerli. Two and a half months later, bluechip DeFi protocols are beginning to deploy, providing early adopters with routes to Scroll airdrop eligibility.

The SCRL airdrop is unconfirmed at present, however with mainnet on the horizon and the need to decentralize key network infrastructure in the future, an airdrop can be expected, as they can serve as tools to bootstrap initial liquidity and remain the key to decentralizing protocol ownership. It is highly unlikely that Scroll will break ranks with precedent set by the L2s prior and opt to not airdrop its token.

Source: Scroll

What is it?
Scroll is a zkEVM-based zkRollup on Ethereum that enables native compatibility for existing Ethereum applications and tools. The Layer 2 aims to provide the best possible experience for both developers and users by providing scalability, security, and EVM-equivalence (a step above compatibility).

Maximize your eligibility by:
☐ Adding the Scroll Alpha testnet to your web3 wallet (do this first!)
☐ Claiming Scroll Alpha testnet tokens and lending on Aave (follow this thread!)
☐ Bridging to Scroll with their native Hop-forked bridge

Learn More:


🟠 Braavos

Last updated May 12th, 2023

Name: Braavos
Status: Unconfirmed 🚫
Confidence: Medium
Sector: Wallet
Chains: STARK

Why we're watching:
While many top wallet providers have yet to launch tokens, it appears that Braavos may be inching towards doing so.

In May, the Project announced a gamified NFT quest through Starkfighter, a mini game. Projects often launch NFTs collections with the intention of identifying early users, later rewarding minters and/or HODLers with airdropped token allocations.

What is it?
Braavos is one of Starknet's main wallet providers and aims to revolutionize the world of wallets. It takes advantage of account abstraction to provide users with a variety of enhancements in areas from wallet security to recovery to sign-in!

Maximize your eligibility by:
☐ Downloading the Braavos Wallet
☐ Bridging ETH to your Braavos Wallet (follow these steps, but use the Braavos wallet)
☐ Using dApps on Starknet (like ZKX and Jediswap, two other tokenless protocols listed in the Bankless Airdrop Guide)

Learn More:


🟣 Celestia

Last updated May 12th, 2023

Name: Celestia
Status: Unconfirmed 🚫
Confidence: Medium
Sector: L1
Chains: N/A

Why we're watching:
While Celestia has existed in some form since 2019, the announcement that shared sequencer layer Astria will utilize the network's data availability layer has brought the ecosystem renewed attention in recent weeks.

The Protocol's FAQ notes that the team intends to use a token to pay for gas and secure the network via Proof of Stake. While it is unknown whether the Protocol will opt for an airdrop, it is a likely approach, as it follows with precedent set by other tokenless networks like Arbitrum and would allow Celestia to bootstrap additional liquidity.

What is it?
Celestia is the world's first modular blockchain, separating the consensus and execution layers. While the protocol remains in testnet form, launched in May 2022 and upgraded in December of that year, the team intends to ship an incentivized testnet leading up to a mainnet deployment this year.

Maximize your eligibility by:
☐ Keeping up with Celestia's Twitter for an announcement of their incentivized testnet

Learn More:


πŸͺ‚ Don't forget to check out the full guide (compiled in a convenient spreadsheet format), your one-stop-shop for all of your airdrop strategy searching needs!

Your initiation to airdrop hunting starts now 🀝

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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