⚡Crypto Points Programs in 2024
These protocols have points programs and are likely to do an airdrop
2024 is shaping up to be the year of the airdrop and dozens of protocols have announced points programs.
Points are the new yield farming. In the past, protocols launched with a token right away to bootstrap liquidity. The problem was that farmers would dump the token right away, causing a crash in yields and the token price. This led to most incentives programs dying out quickly—protocols that weren’t able to capture sticky users during that initial bump of farming often died out.
Points are an indication that a protocol plans to do an airdrop in the future and which actions they value. By accumulating points, you are setting yourself up to receive a lump sum when that protocol eventually launches a token.
This document is a compilation of ongoing points programs, organized by category.
Perp DEXes
Hyperliquid - Perp DEX with 100+ assets
Demex - Perp DEX powered by Carbon, a Cosmos SDK appchain
KiloEx - User-friendly perp DEX on BNB Chain/opBNB/Manta
Wallets
Rabby (use referral code DYNAMO for a boost) - User-friendly wallet built by DeBank
Rainbow - Open-source, self-cusodial wallet for Ethereum
Cross-Chain
deBridge - Bridge supporting several major chains
Prime Protocol - Cross-chain money market
Solana Ecosystem
MarginFi - Money market on Solana
Kamino - Lending, liquidity, and leverage venue on Solana
Parcl (use code dynamo for a 5% points boost) - Real estate trading on-chain on Solana
Tensor - Leading NFT marketplace on Solana
Meteora - Dynamic liquidity protocol on Solana
Drift - Perp DEX on Solana
ETH Staking & Restaking
Swell - ETH liquid staking protocol
EigenLayer - ETH restaking and data availability
Etherfi - Liquid restaking of ETH
Renzo Protocol - Liquid restaking of ETH
Kelp DAO - Liquid restaking of ETH
ClayStack - Liquid restaking of ETH
Starknet Ecosystem
Ekubo - AMM on Starknet
Nostra - Money market on Starknet
Avnu - DEX on Starknet
Fibrous - DEX aggregator on Starknet
Hashstack - Leveraged yield farming on Starknet
Other Ecosystems
Struct Finance - Decentralized structured finance products on Avalanche.
LayerBank - Money market on Manta
Scallop - Money market on Sui
INIT - The liquidity hook money market on Mantle.
StackingDAO - Liquid staking protocol on Stacks, a Bitcoin L2.
Velvet Capital - Intent operating system for DeFi
Thanks for reading! If you know of any other protocols with points programs, feel free to comment them below.
Until next time,
Patrick
Dynamo DeFi
Puffer finance - anti slashing Liquid restaking of ETH