How to Find Airdrops in 2024 (My $30K Strategy)

Summary

In this informative video, Patrick from Dynamo DeFi shares valuable insights on how to discover cryptocurrency airdrops, which can be lucrative opportunities. He recounts his personal experience of earning around $30,000 from an airdrop and guides viewers on how to identify promising protocols on platforms like Defi Llama and Airdrops.io. Patrick emphasizes the importance of researching projects with significant backing, active points programs, and those within burgeoning ecosystems like Cosmos. His strategies aim to empower viewers to find and capitalize on airdrop opportunities themselves.

Takeaways

• 💰 Crypto airdrops can be lucrative, with some individuals earning thousands of dollars from them.
• 🔍 The video provides a personal example of earning approximately $30,000 from a single airdrop.
• 🛠 The video aims to teach viewers how to find airdrop opportunities, emphasizing the importance of doing one's own research due to the inherent risks in cryptocurrency.
• 🌐 DefiLlama is highlighted as a primary tool for finding airdrops, especially its airdrop section which lists protocols without tokens.
• 📈 Sorting by total value locked (TVL) on DefiLlama can help identify protocols with significant user deposits and potential for valuable airdrops.
• 🚫 The video suggests hiding forked protocols to focus on unique projects more likely to offer airdrops.
• 💼 Looking for protocols with major backers and early investors increases the likelihood of future token launches and airdrops.
• 🏆 Active points programs within protocols are a strong indicator of potential airdrops, as they track user engagement for future rewards.
• 🌱 Focusing on emerging ecosystems can be beneficial, as new chains may airdrop tokens to encourage adoption and participation.
• 🔗 Airdrops.io is another resource that catalogs potential airdrops, providing a list of protocols and detailed steps for participation.

Q & A

What is the main topic of the video?

The main topic of the video is teaching viewers how to find cryptocurrency airdrops for themselves, with a focus on how some people have made significant amounts of money from airdrops.

What is an airdrop in the context of cryptocurrency?

An airdrop in cryptocurrency refers to the distribution of tokens by a project to existing users of a cryptocurrency or to a community in order to increase awareness and adoption of the new cryptocurrency.

Why do protocols give away tokens through airdrops?

Protocols give away tokens through airdrops to bootstrap marketing, build a community of users and supporters, and distribute tokens to a broader audience rather than just insiders.

What is an example of a lucrative airdrop mentioned in the video?

An example of a lucrative airdrop mentioned is from the protocol Jto, where the presenter personally made about $30,000 from the airdrop they received last month.

What is the first website recommended for finding airdrops?

The first website recommended for finding airdrops is Defi Llama, which tracks stats for different DeFi applications and has an airdrop section.

What is the significance of Total Value Locked (TVL) when looking for airdrops?

Total Value Locked (TVL) indicates the protocols with the most deposits, suggesting a larger user base and potentially a more valuable protocol, which could lead to more valuable airdrops.

Why is it important to look for protocols with major backers when searching for airdrops?

Protocols with major backers are more likely to launch tokens because early investors and venture capitalists typically want liquidity for their investments, which often comes in the form of a token launch.

What is a points program in the context of DeFi protocols?

A points program in DeFi protocols is a reward system that tracks user engagement and interaction with the protocol, often implying a future reward, which could be an airdrop of tokens.

Why should one consider the ecosystem when looking for airdrops?

Considering the ecosystem is important because protocols in growing ecosystems are more likely to be valuable and to launch tokens, making their airdrops potentially more lucrative.

What are some tools mentioned for finding airdrops in the Cosmos ecosystem?

Some tools mentioned for finding airdrops in the Cosmos ecosystem include mintscan.io for exploring the Cosmos chains and airdrops.do for cataloging potential airdrops and providing step-by-step guides.

What is the advice given for those interested in farming airdrops?

The advice given is to use tools like Defi Llama and airdrops.do, to look for protocols with major backers, active points programs, and those in up-and-coming ecosystems, and to do thorough research before participating.

Outlines

00:00

💰 Introduction to Crypto Airdrops and Their Profitability

In the first paragraph, the speaker introduces the topic of crypto airdrops, highlighting how individuals can earn significant amounts of money from them. The speaker shares a personal experience of making $30,000 from an airdrop and emphasizes the importance of doing one's own research due to the inherent risks in cryptocurrency. The paragraph sets the stage for the video by explaining the concept of airdrops, using Jeto as an example of a protocol that gave away tokens to bootstrap marketing and build a community. The speaker also explains how airdrops work and why protocols distribute tokens to users, illustrating with the example of how Jeto rewarded its users with tokens once it launched, leading to substantial gains for those who had been staking through the platform.

05:03

🔍 Finding Airdrops: Strategies and Tools

The second paragraph delves into the strategies for finding profitable airdrops. The speaker suggests looking for protocols with major backers and early investors, active points programs, and those that are part of an emerging ecosystem. These factors increase the likelihood of a protocol launching a token and conducting an airdrop. The speaker uses the example of Prime protocol, which is backed by significant venture capital firms, to illustrate the first point. The paragraph also introduces tools like DeFi Llama, which tracks stats for different DeFi applications and has an airdrop section, allowing users to identify protocols that have not yet launched tokens but have a significant user base and deposits.

10:03

🌐 Exploring Airdrops in the Cosmos Ecosystem

In the third paragraph, the focus shifts to the Cosmos ecosystem, which is known for its airdrops to stakers of other Cosmos chains. The speaker introduces tools like mintscan, a blockchain explorer for Cosmos, and airdrops.do, which catalog potential airdrops. The paragraph explains how new chains in the Cosmos ecosystem often airdrop tokens to incentivize staking and participation. The speaker also discusses the process of identifying top protocols within the ecosystem that have not yet launched tokens, suggesting that these could be prime targets for potential airdrops. The paragraph provides a detailed look at how to use these tools in conjunction to find and track airdrops.

15:04

📢 Conclusion and Additional Resources

The final paragraph wraps up the video by directing viewers to additional resources for more information on airdrops. The speaker mentions a complete crypto airdrop guide for 2024, a Cosmos airdrop guide, and a Celestia airdrop guide, all of which are available on the channel. The speaker also promotes a weekly newsletter that includes up-and-coming narratives, on-chain analysis, and opportunities related to airdrops. The paragraph serves as a call to action for viewers to engage with the content further, like and subscribe to the channel, and stay updated with the latest in the world of crypto airdrops.

Keywords

💡Crypto Airdrops

Crypto airdrops refer to the distribution of new cryptocurrency tokens to existing holders of a particular cryptocurrency, usually for free or in exchange for performing certain actions. In the video, the speaker explains how people can make significant amounts of money from airdrops and shares personal experience of earning around $30,000 from an airdrop. The video's main theme revolves around teaching viewers how to identify and participate in profitable airdrops.

💡DeFi (Decentralized Finance)

DeFi refers to financial services that are built on blockchain technology and operate without traditional intermediaries like banks. The video discusses DeFi protocols that give away tokens through airdrops, which is a way to bootstrap marketing and build a community. The speaker uses 'jto' as an example of a DeFi protocol that gave an airdrop to its users.

💡Liquid Staking

Liquid staking is a process where users can stake their cryptocurrencies and still maintain liquidity, meaning they can trade or use their staked assets without having to wait until the end of the staking period. The video mentions 'jto' as one of the largest liquid staking protocols on the Solana network, indicating that users who staked through 'jto' were rewarded with airdrop tokens.

💡Tokenomics

Tokenomics is the study of a cryptocurrency's token supply, distribution, and utility. In the context of the video, tokenomics is discussed in relation to how new tokens are distributed through airdrops, and how the allocation of tokens to different stakeholders (team, early investors, community) can impact the value and utility of the token.

💡Total Value Locked (TVL)

TVL is a metric used to measure the total amount of cryptocurrency locked in a DeFi protocol. The video explains that sorting by TVL can help identify potential airdrops, as protocols with higher TVL often have more users and are more likely to launch a token. The speaker uses TVL as a criterion for evaluating which DeFi protocols might offer lucrative airdrops.

💡Forked Protocols

A forked protocol is a blockchain project that has been created by copying and modifying an existing project's codebase. The video mentions that while forked protocols can still offer airdrops, those that are unique with a new codebase are more likely to be valuable. The speaker suggests hiding forked protocols when searching for airdrops to focus on more original projects.

💡Points Program

A points program in the context of DeFi protocols is a system that rewards users with points for their engagement with the platform. The video explains that protocols with active points programs are more likely to conduct airdrops, as they are tracking user activity for future rewards. The speaker uses 'kelp' as an example of a protocol with a points program called 'kelp miles'.

💡Ecosystem

In the video, an ecosystem refers to a community of interconnected protocols and platforms within a blockchain network. The speaker advises looking for protocols that are part of an up-and-coming ecosystem, as their tokens may become more valuable if the ecosystem grows. This strategy is used to identify potential airdrops that could offer significant returns.

💡Airdrops.io

Airdrops.io is mentioned in the video as a resource for finding potential airdrops. It catalogs protocols that don't have tokens yet, have points programs, or have announced airdrops. The website provides a list of potential airdrops and step-by-step guides on how to participate in them, which is a valuable tool for those looking to find and farm airdrops.

💡Blockchain Explorer

A blockchain explorer is a tool that allows users to explore and analyze data relating to blocks, transactions, and addresses on a blockchain network. In the video, 'mintscan' is mentioned as the blockchain explorer for the Cosmos ecosystem, which helps users identify potential airdrops by showing the interconnections between different Cosmos chains.

Highlights

Introduction to finding crypto airdrops and their potential for significant financial gains.

Personal experience of making $30,000 from a single airdrop.

Explanation of airdrops and why protocols distribute tokens for free.

Example of Jeto goo, a protocol that gave an airdrop to its users.

The lucrative nature of airdrops as demonstrated by the Jeto goo case.

Emphasis on the importance of doing one's own research before participating in airdrops.

Introduction to DeFiLlama as a primary tool for finding airdrops.

How to use DeFiLlama's airdrop section to identify potential opportunities.

The significance of Total Value Locked (TVL) in evaluating airdrop prospects.

The role of major backers and early investors in预示着即将到来的代币发行和空投.

The importance of active points programs as indicators of potential airdrops.

Strategic approach to identifying promising ecosystems for airdrops.

Use of Airdrops.doio as a complementary resource for finding airdrops.

Step-by-step guides on Airdrops.doio for participating in airdrops.

Exploration of the Cosmos ecosystem for airdrop opportunities.

How to use Mintscan to identify top Cosmos chains for potential airdrops.

The process of staking on Cosmos chains to be eligible for airdrops.

Airdrops.do1 as a tool for tracking ongoing and past airdrops in the Cosmos ecosystem.

The necessity of regularly checking airdrops.do1 for claiming airdrops in the Cosmos ecosystem.

Additional resources like the complete crypto airdrop guide for 2024.

The availability of a weekly newsletter for the latest airdrop and crypto opportunities.

Transcripts

in today's video I'm going to show you

how to find crypto airdrops for yourself

people are making thousands of dollars

from some of these airdrops and in this

video I'll show you an airdrop that I

personally made about $30,000 from last

month and then the exact methods that I

used to find this protocol and use it

before the masses were in welcome back

to Dynamo defi my name is Patrick as a

reminder nothing in this video is

financial advice and anything in

cryptocurrency even airdrop farming

carries risk so be sure to do your own

research before or using any protocols

and now let's get into the video to

start let's talk about what airdrops are

and why Protocols are giving away tokens

to people the best way to do this is

with an example and the example I want

to use is jeto goo is a protocol that we

were covering on this channel all the

way back in September and it's one of

the largest liquid staking protocols on

the salana network and basically the

reason that jto gave an airdrop and the

reason that a lot of protocols give

airdrops is that when they launch they

don't NE necessarily have a token goo

didn't and eventually when they do want

to launch a token there's of course some

of that's going to go to the team some

of it's going to go to early investors

but often times they also want to

distribute some to the community and

that's a good way to bootstrap marketing

it's a good way to build a community of

users and supporters online and also

it's a good way to get the tokens out

there into distribution so they're in

the hands of people besides solely

insiders and so what jto did was when

they finally launched their token in

December they rewarded heavily people

that had already been staking salana

through their platform and to give you

an example of how lucrative these can be

this is one of my wallets in personally

you can see that this received almost

14,000 goo tokens and if you look at

today's price $22.58

$258 these would be worth around 34

$35,000 at today's prices so very very

lucrative just for using an application

and so today's video we're going to talk

about exactly how you can find other

applications like this yourself I've

covered air drops a lot on this channel

but the saying is give a man a fish feed

him for a day teach a man to fish feed

him for a life time so the point of

today's video is to actually teach you

how to fish and show you how you can go

out and find some of these airdrop

opportunities for yourself awesome so

let's get into it first website that

we're going to use and I think this is

probably the main one that you would use

if you were trying to find airdrops is

defi llama I've talked about defi llama

dozens of times on this channel I have

many comprehensive guides on defi llama

and basically it tracks stats for

different defi applications but what a

lot of people don't know is that defi

llama actually has an airdrop section

you can see over here on the left

airdrops click on it and what this does

is this shows you all of the token list

protocols out there so these are

protocols that have users they have

deposits however they do not yet have a

token and you can see some were just

listed a day ago some were much older

and this is absolutely the first place

to start in looking for air drops

because these don't have a tokens some

if not most of these will launch tokens

eventually and a lot of those ones that

launch tokens are going to do some sort

of airdrop can't guarantee they will all

be as valuable as goo jto was almost the

perfect storm in terms of not many

people were farming it and it ended up

being very valuable however that doesn't

mean that that they won't be worth

something and I think there are still

some good opportunities out there all

right so we'll explore this page a

little bit first thing that I would

normally do is I would sort by total

value locked this is going to show you

the protocols with the most deposits

we'll zoom in a little bit and you can

see that largest one Sumi has almost 3

billion and then decreases from there

and the double-edged sword of when when

they have a lot of tvl is first it means

there's more users but it also means

that the protocol is likely more

valuable things for example like ien

layer and blast are being heavily farmed

almost guaranteed to do aird drops and I

think those are probably going to be

some of if not the most valuable air

drops of the Year another thing that you

might consider doing although it's not a

necessity is you might actually hide

your Forge protocols here and what this

does is this hides protocols that are

for from another protocol and some of

those Fork protocols could do air drops

still however they tend to be more

valuable if they're actually something

unique that was launched with a new

codebase rather than forking an existing

protocols codebase so to narrow down

your search you might consider hiding

forked

protocols problem is as you can see here

there's a lot right there are nearly a

thousand protocols on here and if you

look at protocols that actually have say

more than let's say more than a million

dollars of tvl you still have about 300

and probably doesn't make sense to farm

all of these so how are you going to

narrow down to the best ones well I'll

say there's really three main things

three that I like to look for when

looking for protocols to form and goo

actually fulfilled several of these

requirements which is part of why it was

such a lucrative airdrop the first thing

you'll want to look for is protocols

that have major backers and early

investors in the reason for that is that

if there are major VCS backing the

protocol then it makes it much more

likely that they're going to launch some

sort of token and the reason for that is

that those early investors those VCS

they're going to want liquidity for

their Investments at some point they're

going to want to be able to sell they're

going to want to be able to cash in and

because it's crypto usually the way that

protocols give liquidity to investors is

by launching some sort of token and if

you are buying a token on the open

market then it's of course sometimes a

negative if they have major backers

because they can sell and dump on you

but if you're getting an airdrop it's

actually a good thing because that

basically puts you in the same seat as

the early investors where you have

tokens that you got either at a well in

your case you're not paying for them at

all you're just using the protocol but

in the case of the investors they bought

them at a lower price but you are just

using the protocol you're getting tokens

for free and then you're the one who's

actually going to be selling them on the

open market so that's the first thing I

would look for and in order to do that

you could go to the Proto

website for example there's one protocol

that I've covered on this channel before

that I'm currently farming known as

Prime protocol and we'll go to their

website and what we can see here when we

go to the prime website is that they're

backed by jump framework and Arrington

capital and the fact that they have

those major investors early especially

investors who have in the past invested

in protocols with tokens doesn't

guarantee the launch a token but it

makes it much more likely and so that's

the first thing I would look for second

thing I would look for is Pro protocols

that have an active points program goo

for example had an active points program

that's part of why I was farming it so

heavily and what a points program is is

basically the protocol says we don't

have a token

yet however we are going to create some

sort of reward system to track your

usage of the

protocol and while that doesn't

guarantee an airdrop first off it's kind

of sleazy if they do a points program

and don't do an airdrop because how else

are they planning on rewarding people

right you know you're basically saying

we are tracking your usage of the

protocol for some sort of future reward

which since this crypto kind of implies

an airdrop everyone views it that way

and so that would be the second thing I

would look for and you can see a lot of

these top protocols by tvl actually do

have points programs that's part of why

they're so large igen layer margin fi

has one ether fi kelp Dow and if you

just go on the list hyper liquid a lot

of these protocols already have points

programs and to show you what that looks

like we'll go to kelp Dow we can see

that's here it's an infrastructure play

and if we go to their dashboard on their

site you can see they have kelp miles

which are their points it says they

track your contribution to kelp and

Define the proportion of rewards which

will be

distributed do we know that means an air

drop not necessarily however if they do

a token and they do an air drop

certainly it would make sense to tie it

into their kelp miles in additionally by

using kelp you earn points for i l

because they are reaking through won

layer and this isn't the point of this

isn't to shill kelp out although it is

on my list of potential airdrops the

point is that that's one of the things I

would look for because you want to use

your funds efficiently and if they have

a points program it makes it pretty

likely they're going to have a a token

and air drop eventually and the third

thing that I would look for is protocols

that are part of an upand cominging

ecosystem this was another reason why I

found jto for for example I was

interested in salana defi I saw one of

the largest protocols on salana didn't

have a token and so what that told me is

if salana becomes more valuable as I

expect it to and more people start use

it as I expected it to and that turned

out to be correct right because salana

was around I think $20 when we started

farming jto on this channel then that

protocol's aird drop would actually be

more valuable and so what you can do on

this defi llama dashboard is you can

actually filter by Chain for example we

can look at salana and we can then sort

by tvl and say okay these are the top

protocols on salana that don't have

tokens right now margin fi Camino drift

if you follow airdrops you've probably

seen these ones before and I'm showing

you that this is how you can find them

for yourself and you can even go down

the list and find some that are smaller

and maybe not being talked

about maybe you are interested in

another chain so let's say you were

interested in say let's see can let's

let's cck clear all and let's see say so

say is another upand cominging layer one

and you can see that there's some decks

as these are really small you know these

are probably two small to farm but

there's some on here let's go to

injective injective is another another

upand cominging layer one and you can

see here Doo swap I think it's a little

updated because they recently did there

recently did in Ido however you can see

there's some other protocols on here

Griffin black panther Helix that have

decent tvl but do not yet have a token

and so if you think that ecosystem is

going to do well then a good place to

start would be by looking at the top

protocols without tokens in that

specific

ecosystem that's defi Lama next tool

that I would look at is this website

airdrops

doio rather than leaving it to you to

find protocols that don't have tokens

yet what airdrops doio does is it just

cat cataloges an extensive list of

potential aird drops protocols that

don't have tokens protocols that have

points programs protocols that maybe

already have announced airdrops and you

can see here for example they've got

blasts they've got grass they've got

parcel scroll margin fi a lot of these

ones we already mentioned plus others

are already here and so what you can do

here is you can go to hot air drops to

see what's already popular and you can

go to potential air drops and there's

still going to be a lot here those same

criteria I mentioned before are still

going to apply but this is another

resource that you can go to to actually

find some potential air drops and note

that some of these things as far as I

can tell have already done air drops

so if 90% of them haven't haven't done

an air drop yet or don't have a token

still pretty good and then the cool

thing about this is it actually tells

you the actions to take for example if

we click on parcel look at this it's got

a step-by-step guide on things you can

do and you could actually use these

websites in conjunction by the way for

example you could go over to defi llama

and you might say margin fi looks

interesting I want to farm margin fi and

then you could go over to airdrops I

and you could actually find margin fi

let's go to

salana and then you could click on it

and then they've got their step-by-step

guide on what you can do to farm the

margin VI airdrop so as you can see

these two tools work together quite

nicely the third tool I want to show you

are rather it's a set of tools are tools

to find aird drops in the cosmos

ecosystem Cosmos ecosystem is a network

of chains like Cosmos Celestia osmosis

injective kujira and the cool thing

about Cosmos is that when new chains

launched and there's dozens launched and

there's probably hundreds more launching

in the near future often times what they

do is they want to actually airdrop

tokens to people who are

staking tokens for other Cosmos chains

and the reason they do that is that you

can think about it if you're launching a

new token you want to get it in the

hands of people who you know are going

to hold it stake it ideally even

participate in governance and so what

they can do is they can look at who's

doing that on other Cosmos chains and

then they can reward those people

according

and so this first website here is mint

scan and mint scan is just the

blockchain Explorer for Cosmos they have

this nice visual here of all the

different chains but what you can do

here is you can actually look at at uh

what the top Cosmos chains are and how

they're interconnected and you can see

for example that osmosis Cosmos Celestia

injective come out on top you may be

familiar with those already I've made

guides on how to stake those protocols

and farm air drops on those protocols in

the past but you can see there's some

others such as Neutron axar Juno and if

you want to find chains that you could

potentially stick for air drops this is

a good place to start I will say that

personally I'm primarily focused on

these top ones cuz that's who people

have tended to reward in the past but

there's some down here low F farther

down that have been rewarded as well for

example recently there was an air drop

to stargaze stakers and that's not to

say you should necessarily go out and

stake stargaze but the point is that you

can come across some other potential air

drops by looking at other Cosmos

ecosystem tokens and once you do stake

on Cosmos and again I've got a lot of

guides on that so check out the channel

you want to go to this other website

called airdrops do1 these two kind of

work in conjunction and what this does

is it's going to show you all of the

ongoing and past airdrops for the cosmos

ecosystem and the cool thing with this

is first you can go back and look at

what the requirements

were for example we can look at this

here we can look at the specifics for

who received the air

drop and you can for example go to

Dimension you can find out who receive

this Dimension airdrop and see okay

Celestia users got it and some other

groups did as well and then also you can

keep track of when you're actually going

to get these air drops because most of

these air drops you have to claim and

most of them have a cut off point where

after which you cannot claim for example

Dimension has a cut Point coming in the

near future so if you are sticking on

Cosmos you're going to absolutely want

to check in on airdrops one regularly

and if you want to really go down the

rabbit hole on airdrops I have several

other videos I've made that go into

specific airdrops that I find

interesting right now I have the

complete crypto airdrop guide for 2024

that goes through a lot of different

strategies I have my Cosmos airdrop

guide for

2024 and then I have my Celestia airdrop

guide for 2024 and I'll link all these

videos down in the description

additionally I have a Weekly Newsletter

dynamod def. substack

and I include upand cominging narratives

onchain analysis and opportunities that

I come across in the newsletter every

week so be sure to check that out as

well and for more videos like this one

be sure to like And subscribe until next

time this is Dynamo def5