In-depth Analysis of Four Promising Airdrop Projects for Q1 2024

With the release of the Starknet Airdrop news, market sentiment began to rise, and more and more users joined the ranks of those seeking Airdrop opportunities. However, some projects require long-term interaction, which not only takes time and effort but also carries various uncertain risks. This article will detail 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: The combination of high-performance Layer 1 and AI

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. Its uniqueness lies in the integration of the on-chain artificial intelligence/machine learning protocol Atlas, which enables real-time on-chain data analysis and self-optimization.

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 intelligent capabilities. The Atlas protocol, as the cornerstone of Hybrid, continuously improves through ongoing data analysis, providing depth insights and recommendations for on-chain activities. Hybrid's DPoS mechanism significantly enhances transaction speed and network security, while meeting the computational demands of conventional blockchain operations and AI-driven applications.

Participation Guide

The roadmap of Hybrid clearly states that the token issuance will take place in the first quarter of 2024, with 8% of the tokens reserved for Airdrop.

Currently, the project has launched the Galaxy Mission Plan. Users can earn points and qualification certificates by completing tasks such as following on social media, retweeting, and joining communities. Users holding Galxe Web3 points can also receive an additional certificate.

The project is about to launch the testnet, and it is recommended that interested participants keep an eye on relevant updates.

Kamino: An Automated DeFi Platform on Solana

KaminoFinance is a comprehensive DeFi protocol built on the Solana blockchain, providing liquidity management and yield optimization services. The project is incubated by HubbleProtocol and has currently integrated with several well-known wallets.

Kamino's features lie in supporting one-click automatic compound concentrated liquidity strategies, providing users with efficient capital utilization solutions. As a multifunctional DeFi platform, Kamino integrates functions such as lending, liquidity provision, and leveraged trading, creating a one-stop DeFi service experience for users. On Kamino, users can engage in asset lending, provide leveraged liquidity for concentrated liquidity DEX, build automated liquidity strategies, and use concentrated liquidity positions as collateral.

Participation Guide

KaminoFinance has launched a three-month first quarter points acquisition event, with plans for an Airdrop at the end of the quarter.

Participation method:

1. Visit the Kamino official website and connect your wallet.
2. Select the tokens you wish to provide liquidity for, click "Supply" and enter the amount.
3. For the lending operation, click "Borrow" and follow the prompts to complete.

Points Acquisition Rules:

• Basic points rate: 1 point per dollar per day
• SOL Deposit: 5x Points Reward
• USDC, USDT, USDH deposits: 3x points reward
• Loan operation: 5x points reward

Note: Borrowing will incur interest, please assess the risks carefully.

In addition, using other Solana ecosystem products or holding specific NFTs can also increase your points. For specific restrictions and rules, please refer to the project white paper.

marginfi: Decentralized lending platform on Solana

marginfi is a leading decentralized lending protocol in the Solana ecosystem, offering real-time risk management and automatic liquidation features, currently ranked third in TVL among Solana DeFi projects.

As a permissionless system, marginfi allows users to access protocol services directly without the need for intermediaries. Its unique risk management mechanism emphasizes transparency, helping users to better understand and manage their overall risk exposure.

marginfi also supports using non-custodial trading positions from third-party trading protocols as collateral, allowing users to manage their entire DeFi portfolio on a unified platform, providing greater flexibility and options.

Participation Guide

The official Marginfi has announced the roadmap for 2024, adopting a staking and lending model to allocate points:

• Borrow 1 dollar to earn 1 point
• Lend $1 to earn 5 points
• The points are proportional to the amount of funds and time.
• New users recommended can receive 10% of the referrer's points.

Participation Steps:

1. Go to the official website and connect your wallet
2. Click "Lend" and select high APY tokens to deposit
3. Click "Borrow" to proceed with the lending operation.

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

DataOwnershipProtocol (DOP): Privacy-protecting data ownership protocol

DataOwnershipProtocol (DOP) is a data ownership protocol based on zero-knowledge proof technology, designed to provide flexible transparency options for the Ethereum L1 network. DOP allows users and decentralized applications to store and trade assets while protecting privacy, with the option to selectively disclose token holdings and historical information.

Participation Guide

DOP has confirmed that a token Airdrop will take place in the first quarter of 2024. Participating in the testnet activities is divided into eight steps:

1. Create a new wallet (please keep the mnemonic phrase safe, Airdrop will be distributed to this wallet)
2. Complete basic tasks, such as following social media and receiving test coins.
3. Encrypt part of the assets (be sure to keep a certain balance)
4. Send cryptocurrency assets (you can choose your own wallet address)
5. Decrypt Assets
6. Invite three friends to participate (can use alternate accounts to complete)

By completing these steps, participants can unlock Airdrop eligibility and prepare for future token distribution.

In summary, these four projects each have their own characteristics and cover several popular areas such as Layer 1, DeFi, and data privacy. Investors can choose to participate in the testing and interaction of one or more projects based on their own interests and risk preferences, in order to potentially gain benefits from future Airdrops. However, it is important to note that participating in any project carries risks, so be sure to conduct thorough research and risk assessment.