Types of Crypto Airdrops: Liquidity, Activity, and More

1. Liquidity-Primarily based Airdrops

These airdrops reward customers for offering liquidity to a challenge. Liquidity improves the full worth locked (TVL), which traders and the neighborhood use to measure a challenge’s success. Cash markets, blockchains, and decentralized exchanges (DEXs) usually use this methodology.

Instance: Linea Surge Program

• Linea is a Layer 2 rollup on Ethereum.
• The Surge program ran for six months.
• Customers earned factors based mostly on liquidity offered.
• A clear dashboard tracked eligible belongings and protocols.
• Bonuses got to early adopters and referrers.

2. Exercise-Primarily based Airdrops

Customers obtain these airdrops based mostly on engagement. Actions like buying and selling, staking, or sending transactions qualify customers. These airdrops assist platforms develop by rewarding lively contributors.

Instance: Arbitrum Airdrop

• Arbitrum, a Layer 2 answer for Ethereum, rewarded early adopters.
• Standards for rewards included:
  • Transactions over a number of months.
  • Interplay with 4 or extra sensible contracts.
  • At the least 25 transactions throughout totally different sensible contracts.
  • Transactions over $10K (with bonuses for $50K and $250K).
  • Additional factors for transactions on Arbitrum Nova.
  • Bridge quantity additionally counted.
• Anti-sybil measures had been utilized to stop abuse.

3. Incentivized Testnets

Testnet airdrops reward customers for serving to take a look at new blockchain networks. Members use take a look at tokens to push transactions and enhance the system earlier than its mainnet launch.

Instance: Mitosis “Recreation of Mito”

• Mitosis is a brand new Layer 1 protocol.
• Customers earned expertise factors (XP) for testnet actions.
• Testnet tokens performed a job in remaining airdrop calculations.
• Technique was required to maximise rewards.

4. Buying and selling-Primarily based Airdrops

These airdrops reward customers based mostly on buying and selling exercise. They’re common amongst perpetual (Perp) DEXs, which encourage buying and selling and liquidity provision.

Instance: HyperLiquid X Airdrop

• Customers earned factors based mostly on:
  • Buying and selling quantity.
  • Liquidity provision with $HLP.
  • Referrals.
• The purpose system modified weekly based mostly on market wants.
• The challenge was extremely profitable, reaching a valuation of practically $14 billion.
• The $HYPE token elevated greater than 6x in worth after launch.
• The airdrop had distinctive options:
  • No lockups or vesting durations.
  • Tokens had been despatched on to customers’ buying and selling accounts.
  • No centralized trade (CEX) listings at launch.
  • No staking at launch.

Comparability of Airdrop Varieties

Crypto airdrops serve totally different functions, from growing liquidity to boosting person exercise. They assist tasks develop by rewarding early customers and supporters. Whether or not you’re a dealer, investor, or testnet participant, there are various methods to learn from airdrops. Keep up to date on upcoming airdrops to maximise your rewards!