With the Bitcoin block halving happening in April 2024, there’s a certain optimism in the air as long-term buyers continue their bullish pressure to buy any dips.
In addition to adding to their long-term $BTC positions, investors continue to hunt for lucrative airdrop opportunities that allow them to position themselves as early adopters of newly emerging protocols.
With hundreds of new airdrop opportunities emerging every week, it’s challenging to identify those worth the effort to become eligible for.
Fortunately, we’ve researched three of the best airdrop opportunities to participate in April.
- FILLiquid: Filecoin Borrowing and Lending Platform Launches Testnet Phase Two For Free $FIG Airdrop Distribution
One of April’s hottest free airdrop opportunities is for the decentralized Filecoin borrowing and lending platform FILLiquid.
FILLiquid offers an innovative liquidity pool that allows $FIL holders to deposit tokens and earn a passive income through lending. Storage providers can bind their miner nodes to the protocol to take $FIL loans using previously pledged $FIL inside their nodes.
FILLiquid recently launched the second phase of its testnet, allowing users to test its products for free and become eligible to share the 3 million $FIG airdrop distribution allocated to this round of testing.
The testnet is run through the Filecoin Calibration testnet network, meaning users must point their wallets to the network and receive free testnet tokens through the faucet. Once loaded, users can test the four products they offer: $FIL Staking, $FIL Borrowing, $FIG Farming, and $FIG Staking.
$FIL Staking allows users to deposit $FIL tokens into the liquidity pool for lending. They earn a passive income through interest payments made by borrowers. Once a user deposits $FIL, they receive a liquid staking derivative token, $FIT, which serves as a vehicle of dividend allocation.
$FIL Borrowing is specifically for storage providers, who can bind their nodes to the network and take $FIL loans without reaching into their pockets for collateral. Instead, they can use the previously pledged $FIL to the Filecoin network as collateral.
$FIG Farming allows users to deposit $FIT tokens for a range of periods to earn an APY return through $FIG Farming.
$FIG Staking allows users to deposit $FIG into the protocol to earn another passive income through revenue-sharing generated from fees on the network. It also includes an element of token burning to make $FIG deflationary.
Overall, FILLiquid is one of the hottest airdrops in DeFi this month, and many participants expect huge airdrop rewards.
The first testnet phase saw over 10,000 wallet addresses participating, and the community is expecting more participants in the second phase.
The team has released a series of tutorials (Part 1, Part 2, Part 3) to guide you through the testing procedure.
To participate, simply head over to the FILLiquid testnet page and follow the steps in the guide.
Once the testnet is finished, the team will take a snapshot and distribute the $FIG airdrop once the protocol launches its mainnet in the coming weeks.
- Jupiter Airdrop: Participate in Solana’s Biggest Airdrop
Jupiter has been one of the most popular ongoing airdrops in 2024. The decentralized Solana-based DEX became one of the most popular exchanges in the crypto industry, attracting more volume than Ethereum-based heavyweights like Uniswap and DYDX.
The Jupiter airdrop for the $JUP token is distributed over several phases. The first phase already distributed over 1.35 billion $JUP tokens to early DEX adopters in September 2023.
The team has allocated a whopping 10 billion $JUP tokens for its airdrop period, so there are plenty of airdrop allocations over the coming weeks to receive.
To participate, users have to be using the Jupiter DEX.
- Mode Protocol: Earn $MODE On Ethereum Layer-2 Network
The final hot airdrop in April is for Mode, the Ethereum layer-2 protocol that utilizes the Optimism OP Stack to facilitate cheap token swaps for users on the Ethereum network.
With Ethereum gas fees being costly, traders are looking for alternative on-chain ways to swap tokens, with layer-2 networks like Mode as the dominant option.
The project has an ongoing airdrop campaign called Sunrise, allowing users participating in its protocol to share 5.5% of the total $MODE supply.
However, it’s important to note that this might be a challenging airdrop to participate in as the actions required to become eligible might become quite technical for regular users.
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