Four Potential Airdrop Projects to Follow in Q1 2024

As the market's enthusiasm for airdrop activities continues to rise, more and more users are actively participating in various project interactions. However, some projects require a long time for interaction, which is not only time-consuming but may also face some uncertain risks. This article will introduce four high-quality projects that are expected to conduct airdrops in the first quarter of 2024: Hybrid, Kamino, marginfi, and DOP, and provide detailed participation guidelines.

Hybrid

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. It integrates the on-chain artificial intelligence/machine learning protocol Atlas for on-chain data analysis and evolution.

Hybrid achieves seamless integration with the Ethereum ecosystem through EVM compatibility, supporting core Ethereum functionalities and development tools, while embedding the Atlas artificial intelligence model to empower applications with AI capabilities.

The Atlas on-chain artificial intelligence/machine learning protocol is a core component of Hybrid, optimizing the system through continuous data analysis to provide insights and recommendations for on-chain activities. Hybrid's DPoS consensus mechanism enhances transaction processing speed and network security, making it suitable for handling the computational demands of conventional blockchain operations and AI-driven applications.

Participation Guide

The roadmap of Hybrid clearly states that the project plans to conduct a token issuance in the first quarter of 2024 and reserves 8% of the tokens for Airdrop.

Currently, Hybrid has launched the Galaxy Mission event. Users can earn points and credentials by completing tasks such as follow, reposting, and joining social media groups. Users with Galxe Web3 points can also receive an additional credential.

The project is about to launch the testnet, and we recommend interested users to closely follow relevant updates.

Kamino

KaminoFinance is a liquidity and yield protocol built on the Solana blockchain, incubated by HubbleProtocol. The protocol has been integrated by a well-known Web3 wallet.

The uniqueness of Kamino lies in its support for one-click automatic compound concentrated liquidity strategies. Currently, Kamino has evolved into a comprehensive DeFi protocol that integrates lending, liquidity, and leverage functions, providing users with a unified and secure suite of DeFi products. On the Kamino platform, users can lend assets, provide leveraged liquidity to concentrated liquidity DEXs, build automatic liquidity strategies, and use concentrated liquidity positions as collateral.

Kamino's product suite offers industry-leading user experience, including transparent analytical tools, detailed performance data, and comprehensive position information.

Participation Guide

KaminoFinance has launched the first quarter points earning event, expected to last for three months, with plans for an Airdrop at the end of the first quarter.

Participating in the Kamino project can earn points, with a basic point rate of 1 point per dollar per day. Depositing SOL can earn a 5x points reward, while depositing USDC, USDT, or USDH can earn a 3x points reward. Borrowing operations can earn a 5x points reward, but it should be noted that borrowing will incur interest, and investors should assess the risks themselves.

Operation steps:

1. Visit the official website and connect your wallet
2. Select the cryptocurrency you want to provide liquidity for.
3. Click "Supply", enter the amount and confirm.
4. To lend tokens, click "Borrow" and repeat the above steps.

It is recommended to choose tokens with lower interest rates for lending to reduce costs.

In addition, using other products in the Solana ecosystem or holding specific NFTs can also enhance points. Kamino has certain restrictions; please refer to the project whitepaper for details.

marginfi

marginfi is a decentralized lending protocol on Solana that provides free real-time risk management and automatic liquidation features. It currently ranks third in TVL within the Solana ecosystem.

Unlike traditional lending platforms, marginfi is a completely permissionless system that allows users to directly access protocol services without the need for intermediaries. marginfi employs a transparent risk management mechanism to help users better understand and manage overall solvency risks.

The protocol also supports using non-custodial trader positions from third-party trading protocols as collateral, allowing users to manage their entire DeFi portfolio within the marginfi ecosystem, gaining greater flexibility and options.

Participation Guide

marginfi has released the roadmap for 2024. Users can earn points through staking and lending: borrowing 1 dollar earns 1 point, lending 1 dollar earns 5 points. Points are tied to the amount of capital and time.

Operation Steps:

1. Go to the official website and connect your wallet
2. Click "Lend" and select the tokens to deposit (it is recommended to choose tokens with a higher APY)
3. After depositing, click "Borrow" to borrow tokens.

In addition, recommending other users to use marginfi can earn you a 10% reward of the points from that user.

DataOwnershipProtocol (DOP)

Data Ownership Protocol (DOP) is an Ethereum L1-based data ownership protocol that utilizes zero-knowledge proof technology to achieve flexible transparency control. DOP allows users and DApps to privately store assets and conduct transactions while selectively disclosing token holdings and historical information.

Participation Guide

The DOP official has confirmed that there will be an Airdrop in the first quarter of 2024.

Participation Steps:

1. Enter the testnet and create a new wallet (please keep the mnemonic phrase safe, future Airdrops will be sent 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 assets (you can choose your own wallet address)
5. Decrypt Assets
6. Invite three friends to complete the tasks (you can also use alternate accounts to fulfill the invitation requirement)

By completing these tasks, users can unlock Airdrop eligibility and prepare for potential token distribution in the future.

Overall, these four projects demonstrate unique technological innovations and market potential. Investors should fully understand the associated risks when participating in these projects and make informed decisions based on their individual circumstances. As the first quarter of 2024 approaches, closely following the latest developments of these projects will help seize potential investment opportunities.