How to avoid a third strike missing out on valuable DeFi free token airdrops!

[Cryptodaddy05]

Last day of 2020 with 2021 looking like a good year for BTC and Alts! And like me I assume many here only started getting into DeFi using UNISwap ‘after’ missing UNI’s big free airdrop in September that was worth thousands of $ to anyone who’d previously used their DEX or was a Liquidity Provider, and then I assume like me you’ve now missed out again on 1inch’s free airdrop of their new tokens on Dec 24th to previous or current users of their DEX or LPs worth $2-3,000! That’s two costly strikes for most of us here, so the end of 2020 is a good time now that we’re more comfortable using DeFi to plan how to avoid a third or more costly strikes missing out on the many further free airdrops worth thousands of $ that are expected to become a BIG trendy feature of Q1 2021 by many of the other promising DeFi projects and protocols without a token by making sure we’ve now used those other projects likely to drop free tokens at least once with our ETH address (or with SEVERAL ETH addresses haha 👍🏼)

So thought I’d list the 8 promising DeFi projects w/o tokens I think are likely to drop thousands of $ of free tokens in 2021 that I’ve now interacted with to avoid my third strike, with a brief description of what they are and how I used them - and suggest you join their Telegram/Twitter/Discord channel and keep an eye on them there along with their Medium articles if you decide to use them too!

1. dYdX exchange: https://dydx.exchange/ - leveraged trading platform, open position with min 1 ETH (eg. 0.2 x5 leverage)
2. Zapper: https://zapper.fi/ - good defi liquidity aggregation site (use DEX to swap a token/deposit liquidity in fav pool)
3. ParaSwap: https://paraswap.io/ - defi liquidity aggregator (use DEX to swap)
4. Polymarket: https://polymarket.com/ (deposit USDC to bet on event outcome)
5. InstaDapp: https://instadapp.io/ defi liquidity aggregator (use to deposit some liquidity in compound/AAVE etc)
6. DeFi Saver: https://defisaver.com/ management protocol for DeFi liquidity (deposit some funds in Maker/Compound/AAVE)
7. Opyn Options: https://opyn.co/ trade options on ETH (open a call position for ETH to rise by date in Jan using USDC)
8. Finally the rumoured *monster* one you don’t want to miss is ‘MetaMask’ itself: https://metamask.io/ - most here will have an ETH wallet there already, but make sure you use the new MetaMask DEX tool to swap some tokens to maximise any future airdropped ? “META” or “MASK” free and likely valuable tokens.

So should be at least $15K of free tokens there by mid-2021 for a few hours work now, using 1ETH or so spread across the 8 sites with the main ‘sunken cost’ being the damn gas price that’s been hitting astronomical levels 🚀  at times the last few days before falling - so pick a quiet time to trade naturally and you should then be looking at excellent returns in time with free tokens dropped to your ETH wallet by most of those sites at fairly low risk, but this is NOT investment advice of course and as always DYOR!

And I encourage members here to list any other promising DeFi projects/protocols w/o a token they know of or use that may do a big free airdrop in 2021 in the comments section below too thank you 🙏🏼

[reza7777]

Wow, because you missing 2 times so that it makes you even more excited and ambitious to get it all, it's different from me even though I have missed both but it doesn't make me like you. Why?
_ because I don't really like using DEX exchanges
_ because fortune cannot be pursued, however you pursue if it is not fortune then you still will not get anything. So live life relax, if it is a fortune, it will certainly come by itself without us knowing it

Good luck mate

[shinratensei_]

You have been giving us a very good list about which potential defi that might release its tokens soon the question is if will the coin worth decent money for us?
I will take dydx as an example and this dex is still too far compared with 1inc consider dydx has 7x less on its volume compared with 1nch.

im not sure this gonna be a big bet but thanks for that list and at least they are worth to try.

[aemma]

Thanks for list though but when comparing all these upcoming exchange airdrops to that Uniswap and even 1inch, a big difference is spotted, first they didn't announced it hence allowing them the ample opportunity to reward those who put in their best, but for some that already announcing it, the end results would be more traders for the sake of the airdrop and lesser reward. Also, it could be those exchanges are looking for a way to boost their trading volume and this airdrop scenario has offered them that, but another question is, are they really reputable exchanges like their counterparts and will they deliver as anticipated. Nevertheless, no harm in trying but let's endeavour to make sure it is worth it.

[Cryptodaddy05]

Wow, because you missing 2 times so that it makes you even more excited and ambitious to get it all, it's different from me even though I have missed both but it doesn't make me like you. Why?
_ because I don't really like using DEX exchanges
_ because fortune cannot be pursued, however you pursue if it is not fortune then you still will not get anything. So live life relax, if it is a fortune, it will certainly come by itself without us knowing it

Good luck mate

Thank you for your reply, and I wish you good luck and good fortune in life too!

And decentralised exchanges are certainly tricky to use, with each one having its own design and intricacies to negotiate and they can certainly be expensive to use too - but I found I did finally get the hang of how how they interrelate and how to use them after a couple of months and there can be times gas prices can fall quite low if you’re patient. But in fact over that time I was mainly using Binance to buy BTC and Alts until 6 days ago when Binance locked out my bank debit card after I’d used it firstly when my day to day bank acct balance was too low and then again after I’d transferred money into the account, and I’m still waiting to hear back from them after immediately sending them the detailed form and photo info they request explaining what happened. And in the meantime I’ve been surprised how much of what you do on a CEX that you can do just as easily on DEX’s with MetaMask.

And I wasn’t trying to promote greed or to suggest anyone should follow my lead if they’re not comfortable to for whatever reason, and I’m sorry if my post came over sounding like that! I do lead a relaxed and rewarding life after a forced early retirement from a 90+ hour week job as a senior doctor after being injured in an armed robbery at my practice, and like you I believe that more and more money is not what brings true happiness in life as long as you have enough of it to be comfortable and I agree too that good things come to good people but I don’t see a problem putting this information out there that may well help some members here a lot.

Again may peace and happiness and prosperity shine on you in 2021

[leea-1334]

Normally I do not even think all these things are worth anything but I think I have to admit here,,, you are right if it is just airdrops that we have nothing to lose other than the revelation of our ETH address,,, I think why not?

I will have a look and sign up maybe, but surely there is a better way to look at exchanges? Never heard of 1inch until the news happened.

Worth 1 merit;)

[disconnectme]

Thanks so much for this list, but I feel there will largely be a shift in the way the tokens are being distributed because majority of this tokens are dumped after people claim the tokens, the is need to ensure people hold this tokens long term. Look at UNI and Inch tokens most people have dumped them on the market, we need to be able to use this tokens for more than the governance and staking they are being used for

[ryzaadit]

But, also you should put a warning.

Connecting your wallet to the random website was really dangerous at all, this kind of airdrop was really hype right now and could be used for the next scam attempt. It's up to the user, but everyone should know the risk of connecting their wallet to a random new website.

[bekti3]

Apart from the various issues that have developed around DeFi, it seems that the program being developed has always confused hunters. because there are many project DeFi which are difficult to detect correctly and which ones are the most relevant. the list that you provide will be a reference for us in the future which we will always study in full.

thank you for the list you provide I'll keep it.

[Isolation]

Thanks for this.

It definitely is an interesting idea. Uni/1inch gave some nice airdrops and it might be worth it to try to trade a few times on each of these platforms in case they give out an airdrop too. However the gas fee on ETH is pretty expensive these days.

[inanilujimi]

interesting thread, in my opinion all dex is worth a try even though it has to pay a higher fee than cex exchange but we have seen for real that the airdrop held by UNI and 1inchi has fantastic value in 2020.
in 2021 there might be an airdrop that could be like UNI and 1 inch among those mentioned above.
I believe what we reap is what we will get later, good luck with luck.

[FairUser]

I am also watching this if DeFi continues to thrive in 2021 then airdrops will have the next uni / 1inch. I also use DEX often, so activities that happen in relation to me are usually of great interest. But the lucky airdrop happened in 2020, i expect 2021 will also receive more amazing airdrops like that.

[Cryptodaddy05]

Thanks for list though but when comparing all these upcoming exchange airdrops to that Uniswap and even 1inch, a big difference is spotted, first they didn't announced it hence allowing them the ample opportunity to reward those who put in their best, but for some that already announcing it, the end results would be more traders for the sake of the airdrop and lesser reward. Also, it could be those exchanges are looking for a way to boost their trading volume and this airdrop scenario has offered them that, but another question is, are they really reputable exchanges like their counterparts and will they deliver as anticipated. Nevertheless, no harm in trying but let's endeavour to make sure it is worth it.

Thank you for your reply. I would point out that like UniSwap and 1Inch before their airdrops none of these 8 dApps/DEXs/protocols have announced or even officially discussed that they will actually be doing a drop of new tokens, but that they haven’t ruled it out either like other interesting DeFi protocols such as TokenSwaps have! And again given the popularity and publicity that UNISwap and 1Inch got from their big airdrops of new tokens l, and from the resulting big increases in liquidity pools they both got that make their decentralised exchanges work better as people staked the new UNI and 1Inch tokens with ETH or stable coins with them for the big APY’s on offer (1Inch is currently giving an APY of 350% for 1Inch/USDT LP and 250% for 1Inch/USDC LP) that it’s likely most other DEX’s and dApp protocols w/o a token will be working now on introducing one that they will also drop to their users before offering big APY’s for liquidity that increases their standing on DeFi Pulse - as well as also then having a way for user governance for their decentralised projects. It’s likely I think that many other established DeFi projects w/o a token introducing one and dropping it to users to stake or hodl or sell will become something of a big fad/craze/trend in Q1/Q2 2021, until the “novelty” value of doing that wears off I guess and it becomes standard practice and not something that’s particularly noteworthy or newsworthy like it is now!

And I would also note that the 8 DeFi protocols w/o a token that I listed in the OP are established up and coming decentralised projects that as far as I could tell don’t have any red flags 🚩 for being dodgy, and that to me would offer the best potential value if they do suddenly drop a new token to users in the next 6 months as seems likely!  And you would be kicking yourself if you are a user of say MetaMask and they drop a new token but decide to drop say double the number of tokens to people who’ve used their new “Swap Aggregator” and you hadn’t tried that out to swap say some ETH for USDC or some USDT for USDC or whatever simply because you’re used to swapping your tokens using MetaMask with UNISwap or wherever. So I was simply suggesting it’s worth considering using the 8 DeFi projects in the OP at least once or twice like I have just in case there’s a free big secret airdrop of tokens with significant value coming up soon!

And I must say the 1 ETH minimum I put in with 2 contracts on dXdY using 5x leverage for the first time just before writing the OP are both showing healthy returns of over 200% at present, although the gas costs of realising the profits now are astronomical and prohibitive unfortunately which has taught me a new lesson to take profits when the market is quiet lol 🤔!  But yes those returns going long on ETH could well 5x or 10x further now as ETH skyrockets away as seems likely, and I’m actually glad that the prospect of a possible airdrop by dXdY made me research this project and put my toe in the water trying out a DeFi project I otherwise wouldn’t have known about or used! And caveat to be very careful of course whenever there’s some leverage involved where there’s always the possibility of your position being liquidated.

And the links in my OP were basic google ones to the home pages of 8 DeFi projects that IMO are promising and growing and relatively safe that don’t have a token and may drop one to users soon, and I wasn’t promoting them for any personal gain but instead just wanted others here to at least know about the possibility of a free token drop and to be able to consider using some or all of the projects/protocols I listed at least once or twice as part of getting involved in the burgeoning DeFi space that’s likely to be one of the BIG growth areas of crypto in 2021!

[litepool.ru]

Metamask, I like to think about it if I actually got airdrop from it I still can't imagine how much money they could give away for free. I have used it a lot too, besides the list that you have given I think https://mooniswap.info/ can be added because I think it will also bring great laughter to everyone.

[ice18]

Good job OP the most interesting on all the list is when metamask make a governance token Im very optimistic they token from them will explode since metamask is a popular wallet extension and has huge userbase Im sure many investors will support this one along with this I also want to add some some that is possible for airdrops so you should interact or use the platform to be able to qualify for possible free tokens.
heres some additional list..
https://matcha.xyz/
https://catnip.exchange/
https://zkga.me/
https://furucombo.app/

[leea-1334]

I definitely have to add some of these to my lists and start opening an account there with my spare ETH, and maybe just transfer everything from one to another just for a round. Problem is the fees,,, could lose a lot of money just by doing this in the hopes that some of them do an airdrop (which I guess may or may not happen!).

[Cryptodaddy05]

Good job OP the most interesting on all the list is when metamask make a governance token Im very optimistic they token from them will explode since metamask is a popular wallet extension and has huge userbase Im sure many investors will support this one along with this I also want to add some some that is possible for airdrops so you should interact or use the platform to be able to qualify for possible free tokens.
heres some additional list..
https://matcha.xyz/
https://catnip.exchange/
https://zkga.me/
https://furucombo.app/

Thanks for the kind words, and for the further 4 DeFi projects to add to our list that will be interesting to look back on in 6 months in July! I had my eye on matcha, but the other 3 are new ones to me that I look forward to researching thanks!

I definitely have to add some of these to my lists and start opening an account there with my spare ETH, and maybe just transfer everything from one to another just for a round. Problem is the fees,,, could lose a lot of money just by doing this in the hopes that some of them do an airdrop (which I guess may or may not happen!).

And agreed it’s definitely not a time to be putting your “toe in the water” when the market is a pumping or a dumping like the last few days! I’m shocked at the gas prices the last few days that seem to be mainly well over $50 for even small transactions and regularly spiking up to even hundreds of dollars! There is obviously great demand at this time of volatility on the limited mempool ETH 1.0 has at present, and for me my tokens and liquidity and positions relying on the ETH network are pretty much just stuck where they are at the moment as I wait for things to settle down and transactions fees to fall back to $10-$20 as I really can’t justify fees 5-15x that!