⚡My Top 7 Airdrop Farms (With Risk Assessment)

Projects backed by Paradigm, Polychain & more with confirmed token distribution plans

Even as crypto narratives come and go over the years, two truths remain:

1. Most wealth is made through buying when fear is high and enjoying price appreciation in bull markets.

2. Strategic protocol engagement can create and amplify gains regardless of market direction.

Why?

Strategic protocol engagement early often leads to airdrops in crypto

But aren’t airdrops dead?

Not necessarily.

What started as simple marketing has now become sophisticated tokenomics engineering. Projects are increasingly using multi-season points systems to reward sustained engagement.

Year after year onchain users think each big airdrop will be the last. It never is:

• Uniswap airdropped UNI tokens to swap users in 2020

• Arbitrum distributed ARB tokens to early users in 2023 (everyone thought this would be the last big airdrop)

• Jito distributed 5-figure rewards to users who deposited just $100 (everyone thought this was the last big airdrop)

• Hyperliquid's historic $7.5 billion distribution shattered records in late 2024 (everyone currently thinks this is the last big airdrop)

In this Dynamo DeFi report, we break down the most promising airdrop farming opportunities available right now.

High funding. Points systems. Real utility.

What you'll find in this article

• Projects backed by top VCs with confirmed airdrop plans

• Strategies to maximize points multipliers across different protocols

• Opportunities with fewer participants for potentially larger allocations

• Risk assessment for each farming strategy

I've prioritized protocols with clear timelines and transparent mechanics—no infinite "seasons" with perpetually delayed token launches (in fairness - project can always delay their TGE / add another airdrop point season if the market is in the trash)

Whether you're allocating <$1,000 or $100,000, these strategies could position you for significant rewards in the coming months.

My full guide on how to make the most out of airdrop farming is here.

Generally, I look for 3 things in protocols that are good candidates for airdrop farming:

1. No token. If there’s already a token, the chance of a future airdrop is way lower. Rare exceptions apply as with all rules.

2. Few wallets. Remember Jito? Even small traders that had deposited $100 received 5-figure airdrops. The reason why was that only around 10K wallets were actually using it, despite it being one of the largest DeFi apps on Solana.

3. High fee generation or potential. The most valuable airdrops have been for protocols that generate a lot of fees. If a protocol doesn’t generate fees, it’s unlikely to have a high market cap and if it doesn’t have a high market cap, the airdrop is unlikely to be worth much. If it doesn’t generate fees now, it can still be worth farming if it grows substantially in the future. Some people started farming Jito last summer. As Jito and the Solana network grew, Jito grew with it, and those people had already gotten a head start in collecting points towards Jito’s drop.

Noble’s USDN

Noble is an appchain on the IBC network.

They’re a stablecoin issuer backed by Paradigm & Polychain. In our last post on the best stablecoin farms in April we talked about the yield opportunity here - now, we’re talking about the other side: the points.

How to capitalize: Deposit USDN into the Noble Points Vault.

Basically, Noble Points depositors opt to give up their Tbill yield in exchange for points. Those who choose to deposit in the Boosted Yield Vault receive that yield, but don’t receive points.

There’s still about 90 days left of the campaign, so you can boost your multiplier up over 1.25x before this part of the campaign ends.

Here’s a blog post on how it works.

You’ll need a Keplr or Leap wallet to connect, and you’ll need to move USDC to the Noble Appchain or you can wait until buying USDC with fiat is possible (they say it’s coming soon).

Risks to consider

The primary risk with Noble's USDN is reliance on their point system mechanism. If too many users shift from points to yield-seeking, the boosted APY could decrease rapidly. You can check their data dashboard here to track their T-bill holdings.

Level Finance

lvlUSD just hit $100m market cap. It’s a yield-bearing stablecoin backed by USDC & USDT in DeFi protocols.