Top Airdrops for May ($)

Sponsor: Mantle — Mantle is building the largest sustainable hub for onchain finance.

1. 🚫 Coinbase Delists $MOVE Following CoinDesk Report. A report from CoinDesk that Movement had signed deals with a market maker to pump token prices and dump on retail is having swift consequences.
2. 💰 Ripple Reportedly Offered $5B to Acquire Circle. Circle rejected the bid as too low, but Ripple is reportedly still interested in an acquisition.
3. 👁️ Sam Altman is Bringing World's Orbs to the U.S. The eyeball-scanning proof-of-humanity startup is setting up shop stateside.

	Crypto $3.01T	↗ 2.0%	↗ 3.0%
	BTC $96,668	↗ 2.1%	↗ 3.3%
	ETH $1,845	↗ 2.6%	↗ 4.7%

Market Plays:

• 🔷 Exploring creator deals on Tunnl
• 🏦 Checking out Summer.fi’s new Sonic markets
• 📱 Trying Farcaster’s new web wallet
• 🎫 Getting tickets for the Abstract Games
• ⛲ Using the new Fluidkey auto-earn feature

Hot Reads:

• 👥 Chasing Shadows - Zaheer
• 🪙 Asset Creation and the Death of Capital Inefficiency - mary
• 📈 My EIP to Scale Ethereum L1 100x Over 4 Years - Dankrad Feist
• 🔮 The Future of Crypto Is Social - Re7 Research
• 🔵 Scaling Base: Reaching 50 Mgas/s in Q2 - Anika Raghuvanshi

Farming Opps:

• 🟠 BTC: 90% APR with Aerodrome’s eBTC-cbBTC pool on Base
• 🟠 BTC: 6% APR with Suilend’s WBTC vault on Sui
• 🔵 ETH: 37% APR with Aerodrome’s weETH-WETH pool on Base
• 🔵 ETH: 25% APY with Yearn’s yETH vault on Ethereum
• 🟢 USD: 21% APR with Aerodrome’s USDC-axlUSDC pool on Base
• 🟢 USD: 15% APR with Convex’s crvUSD (CRV collateral) vault on Ethereum

Airdrop Hunter:

• 🦙 LlamaPay: Stream crypto payments
• 🏦 OpenEden: Stack bills with USDO
• 🦔 Headal: Claim HAEDAL airdrop
• 🥛 MilkyWay: Claim MILK airdrop
• 🟠 Lombard: Use LBTC in DeFi

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.

🟠 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 of "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.

💱 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.

😺 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.

🥩 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.

Experience the next generation of onchain finance with Mantle—where blockchain meets everyday banking. Powered by a $4B treasury, Mantle Network and mETH Protocol, Mantle is launching three innovation pillars: Enhanced Index Fund for optimized crypto exposure, Mantle Banking for blockchain-powered banking, and MantleX for AI-driven innovation. Stay tuned and enter the future of on-chain finance with Mantle.

Catalyst Overview:

On January 8, 2025, the Bankless Analyst Team first initiated coverage bearish for MOVE, citing concern for a $100M Series B capital raise that valued the Movement Network at $3B, a two-thirds discount from MOVE’s $9B fully diluted valuation at that time.

Recent CoinDesk reporting reveals details on how Movement Foundation insiders may have used market makers to dump MOVE tokens following token generation at artificially inflated prices, unpacking a network of shadow co-founders and conflicted legal counsel in the process.

Pros:

• Value Play: Continual controversy has taken an undeniable toll on the value of the Movement ecosystem. MOVE’s relatively depressed $2B FDV at the time of this analysis makes it possible to view the token as a value play in contrast against leading alt L1 and L2 competitors.

Cons:

• Insider Shenanigans: When investing in crypto projects, it is desirable to see a token-incentivized team that is committed to stick their project out for the long term. Although Movement’s Rushi Manche has publicly promoted MOVE, the embattled founder reportedly went on indefinite leave following an internal investigation into market maker abnormalities.
• Delayed Airdrop: Movement’s long-awaited “Movedrop” for early users has been delayed multiple times; there is no official timeline for its arrival. Manche insists that the distribution will occur imminently, but recent events have depressed ecosystem sentiment and increase the likelihood that the event will further harm token price as recipients rush to exit.

Price impact:

The Bankless Analyst Team is reiterating its bearish rating for MOVE, believing that a pattern of market maker impropriety and broken promises reflects negatively on insiders’ commitment to the project. Existing token holders are likely best suited by abandoning this scandal-ridden network in favor of almost any alternative.