There are more and more decentralized finance (DeFi) protocols that could create their token and distribute it via an airdrop to their first users. Overview of 5 of them, at the dawn of the arrival of Layer 2 on Ethereum.
A trendy practice with decentralized finance
A few weeks ago, the Bankless site had fun listing the decentralized finance (DeFi) protocols that could issue their governance tokens via an airdrop to their first users. With the craze for decentralized finance, this practice has become commonplace: PoolTogether, Uniswap, 1inch, Pangolin, Mirror… We can no longer count the projects passed through this solution .
So what is an airdrop? When creating a governance token for a protocol, this involves distributing it to the first users of the latter. A practice popularized with Bitcoin Code and its release from UNI last September. Remember, the flagship DEX of decentralized finance on Ethereum had distributed 400 tokens to all of its users ($ 1,200 then, $ 11,200 today). A gift that we would like to receive every day!
In fact, some other protocols could be added to this long list. These are only hypotheses, but the signals sent by the protocols, or their future economic models, suggest that a token could be created soon. And potentially distributed to users.
Overview of the 5 protocols that could perform an airdrop soon
1 – Paraswap
Uniswap, 1inch,… All these names have one thing in common: they are DEX, decentralized exchangers. And all of them have their token, mostly distributed by airdrop. Except Paraswap , which does not yet have a token for its protocol. So go do some trades on Paraswap.io. In addition to optimizing your gas costs, you could benefit from a potential airdrop in the coming months!
2 – Dy / Dx
dYdX is one of the leading decentralized margin trading protocols dedicated to the Ethereum ecosystem. Last August, on the Bankless site, its creator mentioned the possibility of creating a token for his protocol. Could it be distributed to the first users of the platform? It might be a good idea to make a trade or two on dYdX, to claim potential airdrop in the future.
3 – Zapper
Like Zerion, Zapper is one of DeFi’s first dashboard services. This platform facilitates your entry into the world of decentralized finance and offers turnkey farming solutions. On CryptoMatrix live a few weeks ago, its founder did not rule out the upcoming creation of a token… The next time a farming solution catches your eye, go to Zapper first!
4 – Silver
Money is an Ethereum smart wallet that allows you to participate in a simple and secure way in various activities within decentralized finance. For example, it allows access to Uniswap’s services, to staker its ETH, or to provide liquidity to Compound. Argent could decide to promote the growth of the project by offering a governance token to its first users.
5 – SuperRare
SuperRare is the main crypto art market on Ethereum. In recent months, the NFT universe has experienced a strong enthusiasm which should increase in the months to come. The founders of SuperRare want the platform to be fully owned and managed by its community. It is therefore very likely that a token will be created for the occasion. And who knows, maybe it will be distributed to the first users …