⚡️Our Favorite Airdrop Play Right Now
How to farm it in one click
Read Time: ~4 minutes
⚡Snapshot
The hottest chain in DeFi
Tool for tracking narrative strength
📖 Recommended Reads
⚡The Collapse of the Legacy Payment Model
Why Stablecoins will unlock the first trillion dollar fintech
⚡Hyperliquid & HyperEVM Airdrop Farming Guide
The best airdrop opportunities right now
⚡Bybit is launching Solana-based DEX
Introducing Byreal
The most comprehensive onchain lending infrastructure in DeFi
⚡JPMorgan files trademark for what appears to be a stablecoin
JPMD: trading, exchange, transfer and payment services for digital assets
⚡You Don’t Want to Miss This
Last week our monthly Zoom call covered actionable intel on:
Hyperliquid
The Tron opportunity
Which protocols are earning real revenue right now
What the BTC Treasury strategy means for DeFi
We recorded the call for Pro members. Join Pro now to get immediate access to the presentation.
🔢Onchain Analysis
Hyperliquid is the hottest chain in DeFi
Hyperliquid L1 TVL is approaching $2b, up from $500m just 60 days ago.
Hyperliquid’s perp DEX dominates the market with over 50% market share.
This perp DEX domination means Hyperliquid is earning millions per week in trading fees. These fees turn into revenue for the company and HYPE token holders.
Aside from Hyperliquid’s great product & rising metrics, the growth in L1 TVL is partially driven by airdrop speculation.
Many of Hyperliquid’s top ecosystem projects are native to the chain. Most of them are running points systems.
As more and more users figure out how to bridge to the chain and participate, this trend will continue. Hyperliquid’s commitment to growth and the community make it one of our favorite airdrop farming opportunities right now. Here’s how you can take advantage and put yourself in the best possible position for a Hyperliquid ecosystem airdrop.
🚜Farm of the Week
Airdrop Farming with Upshift
Upshift is a platform that offers access to yield strategies curated by top DeFi funds.
There are plenty of great yield opportunities (for example, earning 11.6% on ETH plus protocol points), but we’re going to focus on the Hyperbeat Ultra HYPE strategy.
How it Works
Head to Upshift and connect your wallet (any major wallet will do).
You’ll need some WHYPE - you can swap for that using HyperSwap, a native Hyperliquid DEX.
From here, it’s simple: deposit to the vault and you’ll earn a target APY of 6% (minus platform fee) plus:
5x Upshift points
Hyperbeat points
Hyperlend points
Hypurrfi points
Timeswap points
Silhouette points
This vault is the best way we’ve found to get exposure across the Hyperliquid ecosystem in just a few clicks.
Risks
Risk level: Medium
Smart Contract risk
Protocol layer risk
Cryptos that Actually Make Money
⚡Follow Dynamo DeFi on X
Get daily onchain updates & insights, the latest news and analytics.
🛠️Tool Spotlight
Dexu AI Project Explorer
Dexu AI tracks narrative strength and top projects.
The Project Explorer dashboard shows mindshare and follower growth for major projects.
For each listed project, Dexu has individual scores that include overall reputation, network, activity, smart engagement to compare & contrast protocols.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊 Federal funds rate - June 18th
📊 FOMC press conference - June 18th
📊 US markets closed (Juneteenth) - June 19th
📊 Fed monetary policy reports - June 20th
📊 US Quadruple witching day - June 20th
Token Unlocks: $120m Unlocking This Week
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓ARB (1.91%) - June 16th
🔓APE (1.95%) - June 17th
🔓ZK (20.91%) - June 17th
🔓S (1.65%) - June 18th
🔓FTN (4.65%) - June 18th
🔓ZETA (5.04%) - June 18th
🔓ZKJ (5.04%) - June 19th
🔓PEAQ (89.67%) - June 19th
🔓ZRO (23.13%) - June 20th
🔓MELANIA (5.64%) - June 20th
🔓LISTA (19%) - June 20th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Metacade open edition launch - June 16th (Source)
🚀 Horizen migration testnet - June 16th (Source)
🚀 Starknet staking V2 on mainnet - June 17th (Source)
🚀 Backroom Genesis sale on virtuals - June 17th (Source)
🚀 Thorchain v3.7.0 release - June 17th (Source)
🚀 ESX token generation event - June 18th (Source)
🚀 P33l token generation event - June 18th (Source)
🚀 IMX staking on immutable zkEVM - June 19th (Source)
🚀 Blackcoin Segwit on mainnet - June 20th (Source)
⚡Favorite Resources
If you want to dive deeper, here are some of my favorite resources:
🛠️ The Dynamo DeFi Crypto Tools List: A comprehensive list of 100+ crypto tools to help with portfolio tracking, analytics, airdrops and more.
🛡️ Ledger: The smartest way to secure your crypto. Buy & sell crypto with full control over your assets.
For more frequent content, follow me on Twitter and YouTube.
Until next time,
Dynamo DeFi