Four Airdrop Projects to Follow in Q1 2024

As the market heats up with discussions about the Starknet Airdrop, more and more users are starting to chase various airdrop opportunities. However, participating in some projects requires long-term interaction, which is not only time-consuming but also comes with numerous uncertain risks. This article will introduce four high-quality projects expected to conduct airdrops in the first quarter of 2024: Hybrid, Kamino, marginfi, and DOP, and provide a detailed participation guide.

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 achieves seamless integration with the Ethereum ecosystem through EVM compatibility, supporting Ethereum's core functionalities and development tools while embedding the Atlas AI model to empower applications with AI capabilities. The Atlas protocol serves as the foundation of Hybrid, providing analysis and recommendations for on-chain activities through continuous data analysis improvement. Hybrid's DPoS mechanism enhances transaction speed and network security, making it suitable for handling the computational demands of regular blockchain operations and AI-driven applications.

Participation method

The Hybrid plan will conduct a token release in the first quarter of 2024, with 8% allocated for Airdrop. Currently, the project has launched the Galaxy mission, where users can earn points and credentials by completing tasks such as follow, retweet, and joining social media. Users with a Galxe Web3 score can also receive an additional credential. The project will soon launch a testnet, and it is recommended to follow subsequent updates.

Kamino

Kamino Finance is a liquidity and yield protocol built on the Solana blockchain, incubated by Hubble Protocol. Its feature lies in supporting one-click automatic compound concentrated liquidity strategies. Kamino integrates lending, liquidity, and leverage functions, providing users with a unified and secure DeFi product suite. Users can lend assets on the platform, provide leveraged liquidity, build automatic liquidity strategies, and use concentrated liquidity positions as collateral.

Participation method

Kamino Finance has launched a three-month first quarter points acquisition event, planning to conduct an Airdrop at the end of the quarter. Users can earn points by participating in various operations on the platform, with a base points rate of 1 point per dollar per day. Depositing SOL can earn a 5x points reward, depositing USDC, USDT, and USDH can earn a 3x points reward, while borrowing operations can earn a 5x points reward. Users need to weigh the cost of borrowing interest.

Operation steps:

1. Go to the official website and connect your wallet
2. Select the currency you want to provide liquidity for.
3. Click "Supply" and enter the amount
4. Confirm Transaction

For lending tokens, click "Borrow" and repeat the above steps. It is recommended to choose tokens with lower interest rates to reduce losses.

marginfi

marginfi is a decentralized lending protocol on Solana that offers real-time risk management and automatic liquidation features. It employs a permissionless system, allowing users to access protocol services directly without intermediaries. marginfi's risk management mechanism emphasizes transparency, helping users better understand and manage risks. The protocol also supports using non-custodial trader positions from third-party trading protocols as collateral.

Participation Method

marginfi has announced its roadmap for 2024. Users can earn points through staking and lending: borrowing 1 dollar earns 1 point, lending 1 dollar earns 5 points. Points are associated with the amount of funds and the duration. In addition, referring other users to marginfi can earn 10% of that user's points.

Operation steps:

1. Go to the official website and connect your wallet
2. Click "Lend" to select the token to deposit
3. After depositing, click "Borrow" to lend out tokens.

It is recommended to choose tokens with a higher APY to maximize returns.

DataOwnershipProtocol (DOP)

Data Ownership Protocol (DOP) is a data ownership protocol that utilizes zero-knowledge proofs, aimed at achieving 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 is to conduct an Airdrop in the first quarter of 2024. The steps to participate are as follows:

1. Enter the test network and create a new wallet (save the mnemonic, future Airdrops will be sent to this wallet)
2. Complete basic tasks, such as follow social media and receive test coins.
3. Encrypt part of your assets
4. Send assets (you can choose your own wallet address)
5. Decrypt Assets
6. Invite three friends or use a secondary account to complete the invitation task.

By completing these steps, users can unlock Airdrop eligibility.