Airdrop Farming - The Seasonal Sardine Run

Much Like DeFi

Airdrop hunting/farming can be a highly lucrative venture. However, it’s very much a seasonal endeavor, much like DeFi, more specifically, yield farming. This is a topic I have dedicated several articles to. I likened it to an ice cream business on the beachfront. As one can expect, opening a shop during the Winter months will be a waste of time. However, once Summer arrives, and with it, the vibes of excitement and fun, everything changes.

During the Summer months, an ice cream shop on the beach will print money. When it comes to Crypto, a bull market is much like Summer and paves the way for enormous gains within the DeFi realm. Because new and up-and-coming projects want to attract users and investors during a bull market, they choose the path of airdrops and incentivization. This is primarily why we are seeing such a flood of airdrops.

Projects are looking to gain traction, and airdrops are one of the best ways to gain exposure and market recognition. Essentially, this is a great time to begin setting up DeFi opportunities and airdrop hunting. Even though the Jupiter airdrop disappointed, regarding price action, it was still an incredibly viable airdrop opportunity. Many who qualified for this airdrop were still able to walk away with thousands of dollars.

It’s easy money, and those who were already utilizing Jupiter as a DEX were rewarded for doing nothing whatsoever, except for conducting their daily transactions and swaps. As always, making full use of all the services on offer, such as limit orders and the DCA feature helps to boost your chances of qualifying. We have already seen several successful airdrops over the past several months. However, that does not imply that airdrop opportunities are a thing of the past.

More To Come

On the contrary, it’s just the beginning! As the title implies, even though it’s free money, effort (farming) is still required. Setting up a schedule and list of potential airdrops is the way to go, if you are looking to take full advantage of this opportunity. Daily, weekly, and monthly farming will assist you in eventually being rewarded. The “reward structure” within the Crypto space is oftentimes extremely lucrative.

This however does not negate or remove the concept of effort. For example, the reward relative to the time and effort required might suggest that not much effort is required at all. However, it’s still an essential aspect of qualifying. Without it, nothing happens. Crypto traders who did not qualify for the JUP airdrop are likely kicking themselves for not executing, at least a few trades, on Jupiter.

If you are already reasonably active within the Crypto space, it’s a good idea to diversify, the protocols you make use of daily. This is of course, applicable to new platforms and protocols that are likely to, or have already confirmed an airdrop. In the previous cycle, choosing to trade AMPL, by leveraging the rebase dynamic landed up qualifying me for the Ampleforth governance token airdrop.

The fact that I was actively trading AMPL increased my allocation. similarly, users trading larger volumes, over prolonged periods on DEXs usually qualify for larger airdrops. In other words, adjust your strategies to incorporate potentially viable alternatives. In this particular instance, it was merely by chance. However, it still reveals how powerful an idea it can be.

Final Thoughts

By simply adjusting a trading pair, I was able to qualify for a rather significant airdrop. There are many similar adjustments and “incorporations” that can be made to benefit from airdrop season. Be aware of what’s happening, and how it can be beneficial to you. This is yet another example of how this industry can be financially profitable above and beyond speculation. People tend to get stuck on the idea of price speculation.

There are however multiple ways of leveraging this market, and airdrops can be a rather lucrative avenue, depending of course on how well you leverage the opportunity. That’s it for this one. Keep stacking, and I will catch you in the next one!

Disclaimer

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

This article was first published on Sapphire Crypto.

Posted Using InLeo Alpha