This edition focuses on DeFi Derivatives and total yield has ranged from $3,000 to $100,000 so far.
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The cryptocurrency market is known for its “rags to riches” stories. But, those big returns all come with a high risk – the risk of losing a large part of one’s capital. Airdrops beg to differ.What if we told you there’s a way to earn high potential rewards without taking on large risk?
Airdrops are the answer, protocols and companies that are willing to reward early users. This concept became popular when Uniswap gave 400 UNI to all users – at the time they equated to about $2,000.
Platform 1: dYdX | Status: Complete
The earliest DeFi derivatives platform that was launched in 2017.This airdrop was mentioned in the original version of "High Reward, Low Risk" and it yielded a spectacular return only 7-months after publishing.
With the exception of US residents, anyone who traded on dYdX received a hefty airdrop which was of the tune of $10,000+ on average.
Platform 2: Friktion | Status: Pending
Try out their "Volts" for potential eligibility. They also have their own NFT collection which may come into play during their token launch and allocation but it obviously costs money and we can't consider that an "airdrop".For more information on Friktion, and how to potentially become eligible for an airdrop, check out our Friktion Deep Dive report.
Platform 3: Katana | Status: Pending
Try out their Vaults for potential airdrop eligibility.Platform 4: Drift Protocol | Status: Pending
Try out trading on the platform for potential airdrop eligibility. If they do it dYdX-style then the reward would be higher for high trading volumes.Platform 5: V2X | Status: Pending
V2X are running a bounty system, where you complete tasks for a "tester" role, as well as XP. Complete as many tasks as possible.There are rumours of an airdrop, and "testers" are able to take part in their testnet trading competition and mint an NFT, a likely sign they would qualify.
The trading competition opens in 12th December and runs until the 19th (channels in Discord for submitting wallet addresses for verification, and get testnet tokens, are opening soon).
Platform 6: Opyn | Status: Pending
Try out trading "squeeth" for potential airdrop eligibility.Disclaimer: Please note that there never is a guarantee that a platform actually does an airdrop.
Minimising Gas Fees
Since the only expense on this opportunity is gas fees, it’s best to find ways to minimise them.
This website gives you an overview of which days and times are the least congested for the Ethereum network, meaning which days and times that have the lowest costs for gas fees: Ethereumprice.org/GAS
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