Exploring 5 Solana Airdrop Projects

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Solana's ecosystem has a unique positioning, encompassing a variety of tokenless protocols, offering abundant airdrop opportunities for early adopters! Today, we'll introduce you to five Solana hunting activities we particularly like, so you can prepare for future airdrops starting today.

Marginfi

Marginfi, intentionally spelled in lowercase, aims to be a set of smart contracts creating DeFi prime brokerage, facilitating cross-blockchain peer-to-peer lending and portfolio management. Users can access marginfi via desktop browsers or install it as a PWA on mobile devices.

The platform's initial (and most popular) product, mrgnlend, is an overcollateralized money market protocol, allowing anyone to lend or borrow assets on the Solana network. In September, marginfi expanded its product line, launching LST, a SOL liquidity staking token with zero commission, offering network rewards and MEV extraction profits to depositors, and the protocol will soon offer its own LST collateralized stablecoin YBX.

Point System

marginfi has an ongoing point system rewarding early users for borrowing and referring others to use the platform! Protocols typically implement a point system as a precursor to airdrops to help identify accounts contributing to their success.

Maximize your eligibility by:

• Lending to Margin
• Borrowing from marginfi
• Using marginfi for staking
• Referring others with your marginfi referral link Phantom

Phantom

Although Phantom wallet has long been a cornerstone of the Solana ecosystem, it is also usable for managing crypto assets and accessing dApps on Polygon and Ethereum! The wallet can be used as a browser extension or downloaded as an application from the iOS and Android stores.

Phantom provides an in-wallet purchase feature, allowing users to buy popular crypto assets supported by various payment partners (including Coinbase, Robinhood, and Moonpay) directly from the chains. Users can create multiple Phantom sub-accounts to isolate their transaction activities and create unique Ethereum and Solana address pairs for each account.

While there aren't many precedents for wallet airdrops and Phantom hasn't proposed such a plan, choosing Phantom as a Solana wallet solution is a simple way to streamline your on-chain experience while maximizing your chances of receiving airdrops.

Drift

Drift is an exchange on Solana with a built-in money market. Users first deposit funds into their Drift accounts and can then unlock perpetual swaps (with leverage up to 10x), floating-rate money markets, insurance collateral funds, LP strategies, and spot token swaps.

The native full-collateral feature of Drift, combined with its money market, offers multiple benefits to users. All collateral deposited into Drift earns interest, and any assets deposited can be borrowed or used to provide funds for trading, although the initial asset weighting of long-tail assets is low to prevent unprofitable liquidations.

Point System

Drift has an active point system rewarding users for trading on the platform. Protocols typically implement a point system as a precursor to airdrops to help identify accounts contributing to their success.

Tensor

Tensor is an NFT marketplace on Solana supporting Solana Inscriptions. While primarily serving NFT traders like Blur, the platform is also striving to enhance its appeal to retail traders.

Tensor's price-locking mechanism is a novel approach allowing NFT traders to lock in buy or sell prices for 7 days. Users providing funds to support the lock can earn high returns from the premium paid on each transaction, but losses occur when the lock is purchased and expires.

When long-term locks expire, sponsors receive a certain amount of SOL, equal to the price they sold the lock for plus the initial fee paid by the buyer, rather than the original NFT provided as collateral. When short-term locks expire, sponsors receive the initial fee paid by the buyer plus the locked NFT, rather than the SOL provided as collateral. Unsold lock sponsors receive their initial collateral along with the fees paid.

Tensorians is a collection of 10k NFTs playing a core role in the Tensor ecosystem, with their point plan boosted by 1.5 times and passively earning 20% of point returns!

Point System

Tensor has an active point system! Crypto projects use point systems to identify early users, often to reward them with token drops. Currently, Tensor's point system is rewarding users for locking funds.

Maximize your eligibility by:

• Buying NFTs on Tensor
• Listing NFTs for sale on Tensor
• Buying Tensor
• Buying a lock
• Sponsoring locks

Jupiter

Jupiter is a decentralized trading aggregator on Solana, offering spot and perpetual swap products! While Jupiter has its frontend, many protocols (like marginfi) use their aggregator widgets to facilitate in-app exchanges.

Jupiter's frontend offers advanced limit and DCA order functionalities, catering to degens wishing to trade with Jupiter's perps, which offer leverage of up to 100x for BTC, ETH, and SOL. Jupiter also developed a token launchpad solution for distributing and airdropping new tokens.

While the first round of Jupiter airdrops has ended, the project will distribute 40% of the token supply to the community through four rounds of independent airdrops. Only a quarter of these tokens have been distributed, giving you three more chances to qualify for JUP drops!

Maximize your eligibility by:

• Swapping assets with Jupiter
• Trading perpetual contracts with Jupiter
• Setting limit orders on Jupiter
• DCA with Jupiter

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