Four Airdrop Projects to Follow in the First Quarter of 2024

With the announcement of the Starknet Airdrop, market sentiment is soaring, and more users are joining the race for the Airdrop. However, some projects require long-term interaction, which is not only time-consuming but also faces many uncertain risks. This article organizes four high-quality projects expected to conduct Airdrops in the first quarter of 2024: Hybrid, Kamino, marginfi, and DOP, and provides detailed participation guidelines.

Hybrid

Hybrid is a high-performance Layer 1 blockchain designed for compatibility with the Ethereum Virtual Machine (EVM), utilizing a Delegated Proof of Stake (DPoS) consensus mechanism. It integrates the on-chain artificial intelligence/machine learning protocol Atlas for on-chain data analysis and evolution.

Hybrid seamlessly integrates with the Ethereum ecosystem through EVM compatibility, supporting Ethereum's core functions and development tools, while embedding the Atlas AI model to empower applications with artificial intelligence capabilities.

The Atlas on-chain AI/ML protocol is the cornerstone of Hybrid, providing analysis and recommendations for on-chain activities through continuous data analysis. The Hybrid DPoS consensus mechanism enhances transaction speed and network security, making it suitable for handling the computational needs of regular blockchain operations and AI-driven applications.

Participation Method

The Hybrid plan will release tokens in the first quarter of 2024, with 8% allocated for Airdrop.

Currently, the project has launched the Galaxy mission. Completing tasks such as follow, retweet, and joining social groups will earn you points and certificates. Users with a Galxe Web3 score can receive an additional certificate. The project will soon launch the testnet, so it is recommended to follow and prepare in advance.

Kamino

KaminoFinance is a liquidity and yield protocol built on the Solana blockchain, incubated by HubbleProtocol. The protocol supports one-click automatic compounding concentrated liquidity strategies, laying the foundation for its development.

Kamino has now evolved into a DeFi protocol that integrates lending, liquidity, and leverage, providing users with a unified and secure suite of DeFi products. Users can borrow assets on Kamino, provide leveraged liquidity for centralized liquidity DEXs, build automated liquidity strategies, and use centralized liquidity positions as collateral.

Participation Method

KaminoFinance has launched its first quarter points acquisition event, lasting for three months, with plans to conduct an Airdrop at the end of the quarter.

Participating in the Kamino project can earn you points, with a basic points rate of 1 point per dollar per day. Depositing SOL can earn you 5 times the points reward, while depositing USDC, USDT, or USDH can earn you 3 times the points. Borrowing operations can earn you 5 times the points, but be aware of the borrowing interest.

Operation Steps:

1. Visit the official website and connect your wallet.
2. Choose the currency you want to provide liquidity for.
3. Click "Supply", enter the amount and confirm
4. To lend tokens, click "Borrow" and repeat the steps above.

Participants are advised to choose tokens with lower interest rates for lending to reduce losses.

In addition, using other Solana ecosystem products or holding specific NFTs can also increase points. Please refer to the white paper for specific restrictions.

marginfi

marginfi is a decentralized lending protocol on Solana that provides real-time risk management and automatic liquidation features. It currently ranks third in TVL within the Solana ecosystem.

Unlike traditional lending institutions, marginfi is a completely permissionless system, allowing users to directly access protocol services. Its risk management mechanism emphasizes transparency, helping users better understand and manage solvency risk.

marginfi also supports the use of non-custodial trader positions on third-party trading protocols as collateral, allowing users to unify their entire DeFi portfolio within its ecosystem, gaining greater flexibility and choice.

Participation Method

marginfi has released its roadmap for 2024. The project allocates points through staking and lending: borrowing $1 earns 1 point, lending $1 earns 5 points. Points are related to the amount of funds and the duration.

Operating steps:

1. Go to the official website and connect your wallet.
2. Click "Lend" and select the token to deposit (it is recommended to choose tokens with higher APY)
3. After depositing, click "Borrow" to lend out the tokens.

In addition, recommending other users to use marginfi can earn you 10% of that user's points.

DataOwnershipProtocol (DOP)

Data Ownership Protocol (DOP) is a data ownership protocol that utilizes zero-knowledge proofs to achieve flexible transparency on Ethereum L1. DOP allows users and DApps to privately store assets and conduct transactions, or selectively disclose token holdings and historical information.

Participation Method

The DOP plan will distribute Airdrops in the first quarter of 2024. The participation steps are as follows:

1. Enter the testnet, create a new wallet (save the mnemonic phrase, future Airdrops will be sent to this wallet)
2. Complete basic tasks such as following social media and receiving test coins.
3. Encrypt part of the assets (keep a certain balance)
4. Send assets (you can choose your own wallet address)
5. Decrypt Assets
6. Invite three friends to complete the task (you can use alternate accounts)

Complete the above steps to unlock the Airdrop eligibility.