Ten DeFi Protocols Rumored for Token Airdrops

Key Takeaways

  • In the last few months, Uniswap and 1inch have given their users the equivalent of thousands of dollars in token airdrops.
  • Several other projects are rumoured to do the same in the future.
  • To be eligible for any future airdrops, DeFi users should experiment with a variety of nascent protocols.

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Following 1inch’s well-received token airdrop, Crypto Briefing experimented with several other protocols that may be next to launch a token.

Here, we list our top ten.

Early Users Reap Airdrops

Thousands of crypto users received an unexpected gift on Christmas Day when the 1inch DEX aggregator airdropped a supply of tokens to its early supporters.

Uniswap pulled a similar move back in September; the 400 UNI tokens its users received initially traded at $1,200. Today, they’re worth over $2,000.

Uniswap and 1inch won’t be the last DeFi protocols to launch a token this way. Just this week, the “DeFi lego” tool Furucombo announced its plans to distribute tokens to early users starting this month. Several others are rumored to be planning a token release, which could mean free tokens to early users.

It’s important to note that nothing is guaranteed because the eligibility criteria are so hard to predict.

There’s an obvious takeaway that many DeFi users learned last year, though: get involved early, actively use the infrastructure, and you could be generously rewarded.

Here are the most-anticipated potential airdrops.

#10 – ParaSwap 

ParaSwap is a DEX aggregator that works similarly to 1inch.  The fees can be expensive, though the team recently announced some improvements, meaning gas is reportedly around 20% cheaper. 

On Telegram, the team has mentioned that there’s no “current airdrop,” which could be a hint that things may change in the future.

Best for: Fast swaps between tokens.

#9 – dYdX 

dYdX is an exchange that enables spot, margin, and perpetual trading within DeFi. But there’s also a fairly high…

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