DeFi Dad
A Beginner’s Guide to Crypto Airdrops in 2024
Fri Jan 19 2024Description
The episode covers different ecosystems and protocols attracting new money in crypto, airdrop opportunities, liquid staking and reaking trends, journey with crypto and DeFi, comprehensive analysis of on-chain protocols, potential growth and opportunities in Salana, staking tokens and identifying airdrop opportunities, new Layer Two rollups and airdrop farming, and ease of access and opportunities in airdrops.
Insights
Different ecosystems and protocols are attracting new money in crypto
This includes Ethereum layer twos and high throughput layer ones like Solana.
Airdrops remain a popular risk-reward opportunity in crypto
Strategies for identifying airdrop opportunities and risk-reward analysis are discussed.
Liquid staking and reaking are emerging trends
These trends offer additional rewards for users, such as loyalty points for early protocols like Ether and Igan Lair.
The speaker shares their journey with crypto and DeFi
Starting from the bear market to rekindling interest in 2020 due to the pandemic. They delve into DeFi heavily across various chains and create tutorials on multi-chain DeFi farming.
Comprehensive analysis of on-chain protocols
The speaker provides unbiased overviews of on-chain protocols not widely available on centralized exchanges. They emphasize the importance of analyzing fundamentals of economic activity in different ecosystems to gauge growth.
Salana has potential for growth
With significant growth experienced in its ecosystem, Salana is expected to continue growing with the development of new applications and accounts being created.
Staking tokens can lead to potential airdrops
Being aware of different chains and ecosystems can provide opportunities for airdrops and rewards. Observing patterns like increasing Dex volume and APRs on chains can indicate upcoming opportunities.
New Layer Two rollups and airdrop farming
Igen layer is leveraged by new Layer Two rollups for data availability or reaking. Active chains like Mandal Network also leverage igen layers data availability, potentially leading to airdrops for users.
Ease of access and use impact participation in airdrops
ZK Sync is more accessible compared to Stark net. Complex user experience may lead to better opportunities as it deters participation.
Chapters
- Different Ecosystems and Protocols in Crypto
- Journey with Crypto and DeFi
- Comprehensive Analysis of On-Chain Protocols
- Potential Growth and Opportunities in Salana
- Staking Tokens and Identifying Airdrop Opportunities
- New Layer Two Rollups and Airdrop Farming
- Ease of Access and Opportunities in Airdrops
Different Ecosystems and Protocols in Crypto
00:00 - 09:28
- Different ecosystems and protocols are attracting new money in crypto, including Ethereum layer twos and high throughput layer ones like Solana.
- Airdrops remain a popular risk-reward opportunity in crypto, with strategies discussed by a guest on the podcast.
- Liquid staking and reaking are emerging trends that offer additional rewards for users, such as loyalty points for early protocols like Ether and Igan Lair.
- The podcast features discussions on identifying airdrop opportunities, risk-reward analysis, and personal experiences in the crypto space.
Journey with Crypto and DeFi
08:56 - 17:48
- The speaker shares their journey with crypto, starting from the bear market to rekindling interest in 2020 due to the pandemic.
- Their background in traditional finance led them to realize the potential of decentralized systems like crypto for supply chains.
- In 2021, they delved into DeFi heavily across various chains and started creating tutorials on multi-chain DeFi farming.
- The speaker combined their skills in teaching and economics to create a successful YouTube channel focused on DeFi tutorials, experiencing significant growth in subscribers by the end of 2023.
Comprehensive Analysis of On-Chain Protocols
17:15 - 26:08
- The speaker focuses on providing comprehensive and unbiased overviews of on-chain protocols, particularly those not widely available on centralized exchanges.
- They run a YouTube channel and a Substack newsletter dedicated to tracking trends, on-chain analysis, and tools for crypto market research.
- Using analytics tools like DeFi Lama, the speaker emphasizes the importance of analyzing fundamentals of economic activity in different ecosystems to gauge growth.
- Twitter lists are still valuable for discovering upcoming narratives in the crypto space, while high throughput layer ones like Ethereum Layer 2s and modular ecosystems like Igen Layer are areas of interest for attracting new money.
- The speaker highlights the significance of identifying hot narratives when considering airdrops and mentions Salana as a promising ecosystem with potential for growth.
Potential Growth and Opportunities in Salana
25:38 - 33:55
- Salana experienced significant growth during a period of excitement and expansion in its ecosystem.
- The speaker believes that Salana still has potential for growth, especially with the development of new applications and accounts being created.
- Airdrop farming on Salana is compared to yield farming, where users deposit into protocols in anticipation of future token allocations.
- The shift from Ethereum to Salana for airdrop farming was influenced by the value and opportunities presented by different ecosystems.
- Cosmos is highlighted as a potential upcoming destination for airdrop farming due to its interoperability and infrastructure support for rollups.
Staking Tokens and Identifying Airdrop Opportunities
33:24 - 41:36
- Staking tokens can lead to potential airdrops, as seen with Adam and Celestia.
- Being aware of different chains and ecosystems can provide opportunities for airdrops and rewards.
- Observing patterns like increasing Dex volume and APRs on chains can indicate upcoming opportunities.
- New users in DeFi are advised to check token list protocols for potential airdrop opportunities.
- Looking into protocols with points systems and backing from reputable teams can be beneficial for identifying airdrop prospects.
- Ien Layer is highlighted as an important protocol for Ethereum, offering data availability and staking capabilities.
New Layer Two Rollups and Airdrop Farming
41:05 - 49:31
- New Layer Two rollups are leveraging igen layer for data availability or reaking
- Igen layer caps are currently filled, but Easy E by Renzo protocol and e by Ether tokens are available for deposit
- Active chains like Mandal Network leverage igen layers data availability, potentially leading to airdrops for users
- Salana's NFT Marketplace and lending markets are expected to have significant airdrops
- Prioritizing time and attention on L2s like Stark net, Linea, and ZK sync for potential airdrops based on accessibility and competition
Ease of Access and Opportunities in Airdrops
48:59 - 52:15
- Ease of access and use can impact participation in airdrops, with ZK Sync being more accessible compared to Stark net.
- Complex user experience may lead to better opportunities as it deters participation.
- Dynamo defi is a YouTube channel focused on DeFi farming opportunities, recommended for both newbies and professionals in DeFi.
- Coin Beats is an educational platform offering live trivia contests with token rewards, inviting protocols to be featured by contacting the co-founder via Twitter.