15 Best Crypto Airdrops to Farm in 2024

15 min read
15-crypto-airdrops

Whenever a fresh crypto project kicks off, the developers often opt for airdrops as a strategy, distributing free tokens to spark enthusiasm around their brand. This approach has emerged as a top-notch marketing tactic, especially after the notable Uniswap airdrop in 2020.

The year 2023 witnessed some remarkable airdrops, including Optimism, Arbitrum, Celestia’s TIA, and Blur, among others. Now, as we step into 2024, let’s explore the most potential airdrops on the horizon and how you might become eligible for these rewarding opportunities.

What are Crypto Airdrops?

Simply put, crypto airdrops are events where blockchain projects distribute free tokens directly to users’ wallets. This strategy is often employed by new projects seeking to boost their visibility, create a vibrant community, and encourage the adoption of their tokens. For participants, airdrops represent a unique opportunity to be part of potentially groundbreaking projects from the ground up.

In the last five years, airdrops have evolved. Now, they’re all about incentivizing early users and builders who have contributed to the projects from day 1. After Uniswap gave away a whopping $6.43 billion in UNI tokens in 2020 (when each token hit its highest price of $42.88), other crypto projects started to see the light. They began using advanced tech to make their airdrops even more attractive, especially those DeFi projects. And since 2020, every year has brought us some big airdrop moments.

Now, with 2024 here, let’s peek at some airdrops that might be coming our way and how you can get in on these future crypto giveaways.

  1. Ethena
  2. EigenLayer
  3. zkSync
  4. B² Network
  5. Bluefin
  6. Blast
  7. Init Capital
  8. Renzo Protocol
  9. Ether.fi
  10. Ambit Finance
  11. Drift Protocol
  12. Stride
  13. Grass
  14. ListaDAO
  15. Mode
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1. Ethena

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument, the ‘Internet Bond’. Ethena’s synthetic dollar, USDe, will provide the first censorship-resistant, scalable, and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently on-chain and free to compose throughout DeFi.

Ethena has raised $14 million in funding, with backing from investors like Binance, Dragonfly, and Wintermute. Just a few weeks after the public mainnet launch, Ethena has surpassed $400 million in total value locked (TVL), which is impressive growth.

They haven’t launched the token except for the native synthetic money, USDe. Meanwhile, they introduced a points system in the form of shards. Users who mint, provide liquidity, stake USDe, and invite friends will earn shards, which are likely to be referred to a potential airdrop if they plan to launch the governance token.

How to be eligible?

  1. Visit the Ethena app page.
  2. Connect your Ethereum wallet.
  3. Accept the terms and continue to the dashboard.
  4. You will need any one of the stablecoins like USDT, USDC, DAI, FRAX, etc.
  5. Now go back to Ethena and click on “Buy”.
  6. Swap your stablecoins for USDe (Ethena’s synthetic dollar).
  7. Go to “Stake” and stake some USDe.
  8. Provide liquidity to some of the available pools.
  9. Earn 10% of the shards from each referral.

2. EigenLayer

EigenLayer is a protocol built on Ethereum that introduces Restaking, the most trending crypto narrative in 2024. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend the validation security to additional applications on the network to earn additional rewards.

EigenLayer doesn’t have a token yet but is very likely to launch one in the future since they raised a staggering $100 million in funding from the top-tiered venture capital, a16z. They’ve launched a points system where users who restake on EigenLayer as well as on platforms using the EigenLayer protocol can earn EigenLayer points. Early users who interact with the platform and collect points may get an airdrop if they launch a token.

How to be eligible?

  1. Visit the EigenLayer mainnet page.
  2. Connect your Metamask wallet.
  3. They currently support stETH (Lido), rETH (Rocket Pool), cbETH (Coinbase), wBETH (Binance), osETH (Stakewise), swETH (Swell), AnkrETH (Ankr), ETHx (Stader) and OETH (Origin ETH).
  4. Get some ETH first and restake it on one of the above-mentioned platforms to get their LSTs.
  5. Now, go back to the pools and stake your tokens.
  6. You will start earning EigenLayer points. However, restaking directly into the Eigen Layer might not always be successful due to the maximum restaking cap.
  7. You can also earn more EigenLayer points and become eligible for other speculative airdrops by interacting with other projects using the EigenLayer protocol. Some are:
    • Swell has confirmed to airdrop SWELL tokens to users who earn PEARL points. Staking ETH on Swell and then restaking swETH on EigenLayer gets you PEARL points as well as EigenLayer points.
    • You can also earn EigenLayer points as well as Etherfi points for staking on Ether.fi. They’ve also hinted at rewarding early users.
    • Stake your ETH on KelpDAO to get rsETH. The team has introduced KEP, which is a token representation of Kelp’s EigenLayer Points, where 1 KEP equals 1 EigenLayer Point. For any rewards issued by EigenLayer or other protocols for EigenLayer Points, KEP holders will receive rewards in proportion to the EL Points their holdings represent.
    • Stake ETH on Renzo to earn Renzo points as well as EigenLayer points. They’ve also hinted at rewarding early users.
    • Sophisticated strategy to boost your earned points up to 20x with Pendle.

3. zkSync

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zkSync is a ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. The platform has raised a sum of $458 million from leading investors like Blockchain Capital and Dragon Capital. They have also hinted that they will launch their native token soon, but have not revealed the criteria.

The protocol performs the computation off-chain, and the data is also stored off-chain. As the platform is built on Ethereum, the same level of security can be expected over zkSync. The platform also uses Gitcoin passports and Sybil wallets to ensure proof of humanity and an extra layer of security. 

How to be eligible?

  1. Add the zkSync network to your wallet and, using a bridge, connect to your ETH wallet 
  2. Bridge your ETH, USDT, or USDC from the mainnet to the zkSync mainnet and perform trades
  3. It is recommended to do transactions regularly to increase the chances of becoming eligible 

4. B² Network

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The B² Network Booming Ecosystem.

B² Network is a Layer-2 solution that bolsters transaction speed and broadens application diversity without sacrificing security. B² Network is the first zero-knowledge proof verification commitment rollup on Bitcoin. Leveraging rollup technology, B² Network provides a platform capable of running Turing-complete smart contracts for off-chain transactions, which enhances transaction efficiency and minimizes costs.

B² Network, backed by HashKey Capital, OKX Ventures, KuCoin Ventures, and many more, is airdropping 5% of the total supply to users who join the Buzz airdrop campaign. Sign up and deposit tokens to earn points in the form of parts. Also, earn more parts for each referral. Parts can be converted to rigs, which can then be used to claim B² Network token.

How to be eligible?

  1. Visit the B² Network Buzz airdrop page.
  2. Follow them on Twitter, connect your wallet, and sign up.
  3. Now you can deposit BTC on the Bitcoin network, wBTC, USDT, USDC and ETH on Ethereum, BTCB on BNB Chain, ORDI, SATS, and MATIC.
  4. Bridged assets can be withdrawn back to the Layer 1 networks in April 2024.
  5. You will start earning yield and points in the form of parts based on the value of the assets bridged and the length of time staked.
  6. Also, earn more parts for each referral.
  7. Parts can be collected to assemble mining rigs.
  8. In phase 3 of the Buzz campaign, users will have the opportunity to mine B² tokens (a mimic of the Bitcoin mining). The more rigs you own, the more tokens you can mine.
  9. They’ve confirmed to airdrop 5% of the total supply of B² native tokens to Buzz airdrop participants.
  10. Join the Odyssey campaign to likely earn even more tokens.

5. Bluefin

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Bluefin – The leading on-chain trading platform on Sui blockchain.

Bluefin aims to offer traders a more performant, low-cost, and Web2-like user experience. Bluefin was originally built on Arbitrum, and now expanding to Sui, which enables horizontally scalable performance and a wallet-less trading experience that competes with the user experience of a centralized exchange.

Bluefin (previously Firefly) has raised a total of $4 million from investors like Polychain Capital and Huobi. They’ve confirmed to launch the BLUE token, and users who trade earn BLUE points, which will then be converted to BLUE tokens at a 1:1 ratio at TGE. Additionally, you can also earn 10% rewards from each referral, and users who sign up using the below link will also get a 10% bonus reward.

How to be eligible?

  1. Visit the Bluefin website.
  2. Confirm the referral code to get a 10% bonus reward on trading
  3. Connect your Sui wallet.
  4. Accept the terms and complete the onboarding.
  5. Now you will need some SUI and USDC.
  6. Bluefin currently supports only USDCeth, so bridge USDC only from Ethereum. You can use the Portal bridge powered by Wormhole.
  7. Go back to Bluefin, click on “Deposit” and deposit USDCeth.
  8. Now make perpetual trades.
  9. You will earn BLUE points for making trades, plus a bonus of 10% if you’ve used the above code.
  10. BLUE points will be converted to BLUE tokens at a 1:1 ratio at TGE.
  11. A total of 6% of the total supply has been allocated to users who collect BLUE points.
  12. For more information regarding the rewards, see this page.

6. Blast

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Blast is an Ethereum Layer 2 created by the same talented team behind Blur.

Blast is a blockchain layer 2 with native yield for ETH and stablecoins. Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%. On Blast, it’s 4% for ETH and 5% for stablecoins. Yield makes it possible to create new revenue streams and provide novel rewards for end-users. Users transact in ETH. Dapps are built around ETH. Blast was designed from the ground up so that ETH itself is natively rebasing on the L2.

Blast has raised $20 million from investors like Paradigm and Standard Crypto and has confirmed that it will do an airdrop for early users. Users who sign up with an invite code, bridge ETH, and invite friends will get airdrop points. Airdrop points will be convertible to BLAST tokens in May.

How to be eligible?

  1. Visit the Blast website.
  2. Click on “Join Early Access”.
  3. You will need an invite code to access the platform.
  4. Follow them on Twitter and Discord and click on “check your airdrop”.
  5. Now, connect your wallet.
  6. Head over to the Bridge section and transfer ETH or other tokens from Ethereum to Blast L2.
  7. You will need some ETH or other tokens supported on Blast to be eligible to bridge.
  8. You will also earn a 4% interest rate for ETH and 5% for stablecoins, whereas on other L2s it’s 0%.
  9. The tokens that have been bridged can only be withdrawn in February, once the mainnet has launched.
  10. You will get one spin per ETH deposited per week.
  11. Each spin unlocks a certain number of airdrop points.
  12. After you complete your initial bridging, you will receive referral codes. You will only get a certain number of codes in the beginning.
  13. The more you and your initially invited friends bridge, the more spins you will earn.
  14. All the earned airdrop points can be converted to BLAST tokens in May.
  15. Visit Blaster, the native DEX on Blast, and join their early access campaign to get free BLSTR tokens based on the amount you’ve bridged on Blast. Thereby, you will get BLSTR tokens on top of BLAST tokens.

7. INIT Capital

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Init Capital – The Liquidity Hook Money Market.

INIT Capital aims to democratize access to liquidity, catering not only to DeFi users but also to protocols through ‘Liquidity Hooks’. Liquidity Hooks serve as plugins for liquidity. DApps developing strategies such as all kinds of vaults, leveraged LP/Farming, perpetual trading, margin trading, LSTFi, lending and borrowing, can easily build Liquidity Hooks by writing their smart contracts to integrate or ‘hook’ onto INIT and access INIT’s liquidity in a permissionless manner. With that, dApps can fully concentrate on catering yield strategies, or ‘Hooks’ for end-users.

INIT Capital is airdropping INIT tokens to users who join their “Liquidity Hook Era Phase 1” campaign. Complete simple social tasks, join the campaign, and lend or borrow tokens on the platform to earn INIT points. Refer your friends to earn 10% of the points they earn. The points will be converted to INIT tokens.

How to be eligible?

  1. Visit the INIT Capital website.
  2. Connect your wallet and change the network to Mantle.
  3. Now click on “Join the Campaign”.
  4. Follow them on Twitter, join their Discord channel, and verify.
  5. You have now joined the campaign.
  6. You will need some ETH and/or other tokens on the Mantle network.
  7. Now, use the Mantle bridge to bridge tokens from Ethereum Mainnet to Mantle. You will also get some free Mantle (MNT) to cover gas fees.
  8. Now, deposit or borrow tokens to start earning points.
  9. You will earn 1 INIT point for every $100 value lent per day and 7 INIT points for every $100 value borrowed per day.
  10. Refer your friends and earn 10% of the points they earn.

8. Renzo Protocol

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Stake ETH in Renzo Protocol to earn Eigen points, restaking yields and Renzo points for potential airdrops.

Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking. The protocol abstracts all complexity from the end-user and enables easy collaboration between them and EigenLayer node operators.

Renzo is a liquid derivative platform built on EigenLayer. Users can stake ETH and earn EigenLayer points as well as Renzo points. They have not released the token yet but could launch one in the future. Users who collect points may get an airdrop when their token goes live.

How to be eligible?

  1. Visit the Renzo website.
  2. Connect your ETH wallet.
  3. Stake some ETH to get the ezETH (LRT) in return. Now, you will start earning yield.
  4. Because it’s built on EigenLayer, you will also start earning EigenLayer points as well as Renzo ezPoints.
  5. Also, get 10% of Renzo points from each referral.
  6. They don’t have their token yet but have hinted at rewarding early users based on their points.
  7. You could also become eligible for the EigenLayer speculative airdrop for earning EigenLayer points.

9. Ether.fi

Ether.fi is a decentralized, non-custodial delegated staking protocol with a Liquid Staking Derivative token. One of the distinguishing characteristics of ether.fi is that stakers control their keys. The ether.fi mechanism also allows for the creation of a node services marketplace where stakers and node operators can enroll nodes to provide infrastructure services.

Ether.fi has raised a total of $5.3 million in funding recently from various investors. They have hinted at launching a governance token called “ETHFI” so it’s very likely that the early users who have staked ETH on the platform may get an airdrop once they launch their token.

How to be eligible?

  1. Visit the ether.fi website.
  2. By using the above link, you will get an extra 100 points per 0.1 staked ETH.
  3. Connect your Ethereum wallet.
  4. Now stake ETH to get eETH and start earning yield.
  5. Because it’s built on EigenLayer, you will also start earning EigenLayer points as well as Ether.fi loyalty points.

10. Ambit Finance

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Ambit Finance announced the Incentivized Alpha and the AMBT token airdrop.

Ambit Finance is a new breed of cross-chain DeFi protocol that offers a range of functionality to users, from simple yield creation on stablecoin deposits to sustainable money market lending and risk-defined portfolio investment strategies – all within a user-friendly environment. Ambit’s “North Star” is to provide a user experience that is well beyond the ambit of what exists in DeFi today.

Ambit Finance will be airdropping 5% of the total supply of AMBT tokens to users who interact with the platform and collect points. Users who deposit, borrow, and provide liquidity will get points. The points will be converted to AMBT tokens after TGE. Users who participated in their testnet, as well as other campaigns, will also get AMBT after the TGE.

How to be eligible?

  1. Now, visit the Ambit Finance website.
  2. Connect your wallet.
  3. Change the network to Binance Smart Chain.
  4. You will need some BNB and USD to deposit and get AUSD, then you will start earning yields.
  5. Go to “Portfolio” and add some tokens. Adding assets to the portfolio will increase your borrowing power.
  6. Go to “Health & Borrowing” and borrow some USDT.
  7. Supply liquidity to the AUSD/$USDT pool on PancakeSwap.
  8. Early users who participated in their testnet, as well as Zealy and Galxe campaigns, will also receive AMBT airdrop after TGE.

11. Drift Protocol

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Similar to GMX and dYdX, Drift is a decentralized exchange (DEX)—primarily for perpetual futures contracts.

Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. It is the first perpetual swap exchange to leverage a Dynamic AMM. A Dynamic AMM is based on a virtual AMM (vAMM), but its key innovation is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand.

Drift Protocol has raised $27.3 million in funding from investors like Multicoin Capital and Jump Capital. They have not introduced their tokenomic yet, but have been rolling out a points system. Users who make trades and provide liquidity on the platform will get points. Users who collect points may get an airdrop based on their points if they launch their token.

How to be eligible?

  1. Visit the Drift Protocol dashboard.
  2. Connect your Solana wallet.
  3. Now, make trades on the platform.
  4. Users can do Perpetual and Spot trading.
  5. Go to “Earn”, click on DLP and provide liquidity to the available pools.
  6. Users who make spots and perpetual trades and provide liquidity on the platform will get points.

12. Stride

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Stride airdrop claim page.

Stride is a blockchain that provides liquidity for staked assets. Using Stride, users can earn both staking and DeFi yields across the Cosmos IBC ecosystem. Stride is built using Cosmos SDK and Tendermint and created with Ignite. Stride allows users to liquid-stake any IBC-compatible cosmos SDK native appchain token.

Stride is airdropping a total of 6.3 million STRD to ATOM, JUNO, STARS, INJ, and OSMO stakers. Its stTIA Airdrop has been extremely popular. You can earn STRD rewards by holding the liquid-staked TIA on either Stride, Osmos, or Neutron.

Step-by-Step Guide:

  1. Visit the Stride airdrop claim page.
  2. Connect your Cosmos wallet.
  3. If you’re eligible then you will be able to claim free STRD tokens.
  4. Users who participated in the incentivized testnet and bug bounty in the summer of 2022 are also eligible for the airdrop.
  5. Eligible users will have to perform several tasks on the Stride platform to claim the total airdrop amount.
  6. Users who staked with exchange validators are not eligible for the airdrop.
  7. Eligible users have 90 days to claim the airdrop.
  8. Unclaimed STRD tokens will be clawed back after three months. It will then be proportionally redistributed across the original set of airdrop recipients. This process will be repeated monthly until all airdropped STRD is claimed.
  9. Users who stake TIA on Stride and hold stTIA will share an additional 5 million STRD over the next 150 days.

13. Grass

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Grass is the underlying infrastructure that powers AI models.

Grass is a notable DePIN project that is providing a network-sharing application. By participating in Grass, users can sell their unused bandwidth to earn rewards. Where existing networks are operated by exploitative middlemen who extract value from the parties exchanging resources, Grass is an equitable solution in which both sides have an active stake in the network.

Grass has raised a total of $4.5 million from investors like Polychain Capital & Tribe Capital and has confirmed to launch a governance token in the future. They’ve introduced a points system in which those who sign up, install the extension, and run Grass will earn points. You can get 20% of the referred friends’ points, 10% from the secondary referee’s points, and 5% from the tertiary referees’ points.

How to be eligible?

  1. Visit the Grass registration page.
  2. Submit your details and sign up.
  3. You will need an invite code to be able to sign up.
  4. Now login and click on “Connect” to download their extension.
  5. Install the extension and log in with the same credentials.
  6. Once you are connected, you will start earning Grass points.
  7. You will earn points while browsing the internet.
  8. Grass enables you to earn passive income by selling your unused bandwidth while keeping your privacy intact.
  9. Also get 20% of the referred friends’ points, 10% from the secondary referee’s points and 5% from tertiary referees’ points.
  10. They confirmed to launch of a governance token in the future so the users who earn points may be able to convert the points into their tokens when the token goes live.

14. ListaDAO

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ListaDAO’s Cosmos Adventure Challenge.

Developed on the BNBChain, ListaDAO is a liquidity protocol for borrowing and earning yield on lisUSD, which is over-collateralized with liquid-staked BNB. It is the biggest LSDfi protocol that builds on the BNBChain to raise $10 million in funding from Binance Labs. Users can mint and borrow lisUSD by providing BNB and slisBNB as collateral, which can then be used to stake for yield farming on other DeFi platforms.

ListaDAO has confirmed to launch of a governance token called “LISTA”. Early users who participate in their “Cosmos Adventure Challenge” to earn “stardust” will share 2% of the airdrop allocation.

How to be eligible?

  1. Visit the ListaDAO dashboard.
  2. Connect our BSC wallet.
  3. Supply BNB on the platform to borrow lisUSD.
  4. Liquid stake BNB on Synclub to get slisBNB.
  5. Then, you can provide lisUSD and slisBNB on Wombat Exchange, and ThenaFi to earn yields and get stardusts which can be claimed to LISTA tokens on the TGE.

15. Mode

Mode is airdropping 550,000,000 MODE to early participants.

Mode is an Ethereum layer-2 blockchain designed for hyper-growth. Mode is built using Optimism’s OP Stack which enables rapid application development and deployment of EVM-compatible applications. The goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contribution to the ecosystem through referral and contract-secured revenue.

Mode is airdropping 550 million MODE to early participants. Sign up for the airdrop, connect your wallet, and bridge tokens Mode to collect points. You can also refer your friends to earn more points. Points will be converted to MODE at token launch.

How to be eligible?

  1. Visit the Mode airdrop page.
  2. Enter invite code.
  3. Connect your Twitter account.
  4. Then, connect your wallet.
  5. You will get points based on your past on-chain activity with DeFi protocols and NFTs on other networks.
  6. Bridge some ETH, USDT, USDC or WBTC from the Ethereum mainnet to Mode to be able to secure your points.
  7. Bridge more to earn more points relative to the time these assets remain on Mode.
  8. Users who bridge within the first seven days will get a 1.2x points multiplier.
  9. Refer friends to earn 16% of the points they collect during the campaign.
  10. Use the ecosystem apps mentioned on the airdrop page to earn 2x points.

Conclusions

Crypto airdrops are indeed a win-win situation for both the user and the project. Newly launched projects and users regard airdrops as being a regular thing in the crypto world, giving people a great chance to get new tokens early on. We have seen before that these airdropped tokens usually do really well, even if there’s a bit of a drop right after they start. The success of Uniswap’s tokens has set a high bar and is shaping how new airdrops are seen. 2024 is the best time for you to find the most promising and rewarding airdrops to farm and multiply your portfolio from them.

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Disclaimer: This article serves informational purposes only and does not constitute financial advice. Conduct your own research before making investmendecisions.