Airdrop Compilation: Top Projects with Airdrop Potential (Part II)

In the past month, some new potential airdrop projects have come to our attention. This article will be separated into three parts, and the three articles will list some new projects that potentially have a big airdrop coming soon. 

Rainbow Wallet

Founded in 2019, Rainbow is a startup company for a Web3 mobile wallet. It's an open-source, self-custodial Ethereum wallet that helps users manage their assets. Currently, it supports Ethereum mainnet, Polygon, Arbitrum, Optimism, BSC, Base, and Zora networks.

In February 2022, Rainbow completed a $18 million Series A financing round, led by Alexis Ohanian's venture capital firm Seven Seven Six. Other specific financing details have not been disclosed.

Rainbow is currently rolling out a points program. Users who import wallet addresses that have had transaction activity on Ethereum, Arbitrum, Polygon, Optimism, Zora, Base, and BSC into Rainbow will be rewarded with "retroactive points" (snapshot time until December 11, 2023, 17:00 UTC).

MetaMask

MetaMask needs no introduction, being backed by ConsenSys. It has already started airdropping to PUA users in the last cycle, primarily through using its wallet's built-in swap, cross-chain bridge, and other functions.

Eigenpie

As a restaking protocol, Eigenpie may not have prominent capital investment but still recorded over $300 million in TVL, second only to Kelp DAO in its track.

In March this year, Eigenpie announced its tokenomics, clarifying that 10% of tokens will be airdropped to early supporters. Eigenpie will introduce the EGP token through a fair launch without VC or presale activities. The team formally renounced token allocation, distributing 15% of EGP tokens to the Magpie Treasury. Teams promoting fair distribution have always been community favourites. Perhaps this grassroots restaking protocol can bring some surprises to stakers.

Kelp DAO

Kelp DAO is a restaking project under the multi-chain LSD platform Stader Lab, built on EigenLayer with the LRT (Liquid Restaked Token) solution using rsETH. The protocol currently has a TVL of $601 million and will soon launch the points token KEP. Points generated from staking at Kelp DAO on EigenLayer can be exchanged at a 1:1 ratio for KEP (ERC-20 token), which can then be freely transferred and traded.

Renzo

The liquidity restaking protocol Renzo announced a $3 million seed round in January this year, led by Maven11, with participation from SevenX Ventures, Figment Capital, IOSG, etc. In February, Binance Labs made an additional investment. The protocol's current TVL is $617 million.

Meteora

Meteora is a liquidity protocol in the Solana ecosystem, launched by the original Solana ecosystem DeFi project Mercurial, currently rolling out a liquidity points activity.

Drift Protocol

A leading perpetual DEX protocol in the Solana ecosystem, Drift Protocol announced a $3.8 million seed round in 2021, led by Multicoin Capital, with participation from Jump Capital, Alameda Research, and others.

Pike

A lending protocol supported by Wormhole, Circle, and Base, with a strong background. The protocol currently supports Ethereum mainnet, Arbitrum, OP, and Base networks.

Today, Pike launched a points token activity, the Pike PIU plan. Users can earn PIU tokens by depositing assets, borrowing, joining Discord to obtain roles, and more. PIU can be claimed at any time and can be claimed and traded on Base and Solana networks. Holding PIU tokens can grant access to Pike's upcoming PIKE public sale whitelist.

Rysk Finance

In January last year, the on-chain derivatives market maker Rysk Finance completed a $1.4 million Pre-Seed funding round led by Lemniscap, with participation from Encode Club, Ascensive Assets, Starbloom, Yunt Capital, Manifold Trading, and individual investors including Hype.eth, Ivangbi, Windra Thio, and others.

The protocol, based on the Arbitrum network and funded by Arbitrum STIP, distributes 12,900 ARB tokens weekly to liquidity providers and traders.

LogX

LogX is a multi-chain perpetual DEX protocol, currently launching points activities for traders and liquidity providers.

Hyperliquid

Hyperliquid is a decentralized derivatives trading platform, offering over 100 asset trading pairs, including token contracts such as TAO, RNDR, ONDO. The project launched a points activity last November and continues to this day.

After a two-year-long crypto bear market, projects "lying flat" are now eager to issue tokens, launching points and incentive-based interactive activities to encourage user participation. Under this year's bull market premise, issuing tokens is a top priority for project teams and investment institutions. Amidst the vast array of projects, users must carefully discern to catch the "splendid wealth," requiring diligent effort.

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