Claim 4 airdrops and farm 4 new opportunities

If you are farming airdrops, the next two to four quarters are crucial for getting the last round of free money.

In today's report, we will provide updates on some airdrops we've previously covered that have now airdropped tokens, so you can claim yours if you haven't already. If you missed those, we are sharing four new lucrative opportunities for you to explore.

Let's get started…

TLDR

• The next 6-12 months are crucial for airdrop farming as the bull market is expected to peak.
• Wormhole, Kamino, and Polyhedra have already airdropped tokens - check your eligibility to claim
• Sanctum, Gomble, Phoenix, and BoB are tokenless projects that may airdrop tokens soon - start farming now!

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. 

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Four airdrops to claim

These airdrop opportunities we've covered in the last few months have started airdropping tokens to users.

Wormhole

We covered Mayan Finance in our Solana airdrop piece. You can be eligible for Wormhole airdrop if you consistently farm Mayan Finance. You can check your eligibility here.

Many people (including our community members) have received 5-digit airdrops from Wormhole, but some have not received any tokens even though they have been using Wormhole for a long time. Many are speculating that Wormhole punished spammers.

Nevertheless, if you have interacted with Mayan Finance or any other Wormhole products, you can check your eligibility here.

Kamino

Another airdrop we covered in our piece on Solana airdrop season is Kamino. The airdrop heavily favoured OGs and is designed to be linear based on points you could accumulate. If you have been farming Kamino, go ahead and check your eligibility here.

There will be Season 2 that you can still participate in. Based on various calculations and our own, farming Kamino airdrop results in around 50%-60% APY based on market conditions. 

So, if you have been farming Kamino and liked the product, it makes sense to continue farming it. 

Polyhedra

Another platform that we flagged as an airdrop opportunity. Polyhedra's drop wasn't very exciting. They messed up by putting the claim on Ethereum, where gas fees exceeded the amount received for most of the community. 

However, they have acknowledged it and assured the community that they would move the claiming process to a much more gas-efficient chain and distribute 10% extra tokens in about one month.

If you want to see your eligibility, check here.

If you followed all the steps in our report, including transacting through Merkly, then you are probably eligible for an additional airdrop.

Polyhedra allocated more airdrop to Merkly than it allocated to its own users. Therefore, if you used Merkly nicely, you are most likely eligible for a more decent drop. The claim is on Binance Smart Chain.

Ethena

Ethena's shards campaign lasted not long. If you followed our reports, you should be eligible for a small amount, depending on your size. Check out your eligibility here. 

But Ethena's Season 2 is already on the way. And if you were already farming Ethena, it might be a good idea to keep farming as there is a 20% boost for Season 2 for participating in Season 1.

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Four new opportunities to farm

Now, we are moving into projects that are still tokenless and have the potential to airdrop tokens.

Sanctum (Meteora/Kamino combo)

Sanctum is a new primitive built on Solana to power liquid staking and bring Solana into an infinite-LST future. It lets users who stake SOL natively or with a liquid staking token (LST) tap into a powerful unified liquidity layer. 

This innovative platform is designed to facilitate millions of LSTs, all freely tradable with zero slippage. By depositing LSTs, users can earn yields and trading fees, and the platform supports swaps on popular platforms such as Jupiter and Solflare. 

Launched in Q1 2024, Sanctum is supported by several investors. The core team behind Sanctum has been working on liquid staking on Solana for more than two years, initially receiving a grant to work on stake pools on Solana in February 2021. 

It raised over $6m from notable investors such as Dragonfly Capital, Sequoia Capital and Solana Ventures.

The project is tokenless and doesn't have a points program. However, we believe the platform will eventually drop tokens because we spotted that Sanctum made an introduction in Jupiter's launchpad forum.

Therefore, we believe Sanctum will eventually drop a governance token. Here is how we should position ourselves in case Sanctum does so.

Action plan

1. You will need to have some SOL on the Solana network (You can buy it on CEXs and withdraw it directly from your wallet).
2. Go to the Sanctum website and deposit your SOL to receive INF tokens. (INF is a liquid-staked SOL like bSOL or jitoSOL; currently yields almost 12% APY).
3. Go to Meteora and deposit an equal amount of INF and SOL tokens into the pool. (you will be earning Meteora points as well).

or

1. Go to Kamino and lend your INF tokens in the Kamino market (You will be earning Kamino points) 
2. Happy farming.

Here is a step-by-step tutorial.

 

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Gomble 

Gomble is a blockchain-based game developer that creates casual games and integrates them with blockchain technology. It aims to bridge the gap between traditional (web2) gaming and its blockchain-based counterpart (web3). Gomble's vision is to provide an engaging casual gaming experience beyond just playing, offering " lived " games."

The company has raised $10 million in funding, with Binance Labs, Animoca Brands, AltosVentures, Shima Capital, and other investors participating in the initial 2023 round. In 2024, additional funds such as Spartan, Hashed, IOSG Ventures, Foresight Ventures, Big Brain Holdings, and others also invested in Gomble.

The platform is tokenless and has an incentives program (airdrop).

Action plan

1. You will need to have BNB, USDT or USDC on the Binance Smart Chain
2. Go to Gomble and stake a minimum of 10$ of the tokens mentioned above (Usually, the more, the better)
3. Happy farming

Here is a step-by-step tutorial.

 

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Phoenix

Phoenix is a decentralised exchange (DEX) on Solana designed to provide spot-limit order book functionalities with unparalleled speed, efficiency, and transparency. Trades are confirmed on-chain within 0.5 seconds, and the platform ensures price-time priority for orders. 

It stands out for facilitating active liquidity, which is crucial for maintaining sustainable markets. Phoenix aims to support on-chain US dollar price discovery for crypto assets, starting with Solana's native token SOL. It recently closed a $3.3 million seed round led by Electric Capital. 

The goal is to make DeFi competitive with TradFi, and the team envisions a future where a large part of financial transactions happen on-chain.

Phoenix doesn't have a token yet, and we believe there is enough time to farm this platform if they drop one.

Action plan

1. You will need some SOL on the Solana network or other assets available on the Phoenix market.
2. Go to Phoenix.
3. Place limit orders on SOL/USDT pair (Sell SOL -> Buy USDT and vice versa).
4. Similarly, place market orders as well.
5. Generate volume. Generally, a more consistent volume is better.

Here is a step-by-step tutorial.

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BoB (Build on Bitcoin)

Build on Bitcoin (BoB) is a new layer-2 stack for Bitcoin that combines Bitcoin's security and power with Ethereum's programmability, scalability, and user experience. It enhances Bitcoin's functionality and uses Bitcoin Layer 1 for settlement, custody, and storage. 

At its core, BoB leverages the Ethereum Virtual Machine (EVM), making it compatible with existing developer tools, wallets, and infrastructure. It also supports native Bitcoin features such as Bitcoin light clients and Rust libraries for off-chain execution of smart contracts.

Action plan

1. Go to the BoB's website and use the early access code: mvm2tu.
2. Connect your Twitter, and follow the BoB Twitter account.
3. Connect your wallet.
4. Deposit ETH or other supported assets (gas fees won't be too high).

Here is a step-by-step tutorial

 

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Cryptonary's take

We are now entering what may be the last leg of the 2024/2025 airdrop farming cycle. Many platforms are starting to launch their tokens and reward their loyal users. 

There are still opportunities in the market, and we will continue to find and deliver them to you.

Remember to check your eligibility for the projects that have already airdropped tokens and spend some time farming the new opportunities.

Happy farming!