🔎How to find airdrops worth farming
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In today’s newsletter:
🔎3 ways to find airdrops worth farming
📊 On-chain alpha
😂 Crypto meme of the week
🗞️ The latest DeFi news
🔎3 ways to find airdrops worth farming
Every single tokenless protocol has a points program nowadays.
While this means the number of airdrop opportunities is increasing, it’s also getting significantly harder to spot the ones that are truly worth farming.
I’ve been farming dozens of airdrops over the past years, and in this issue, I wanted to share my top 3 ways to identify the best yield & airdrop opportunities.
Let’s dive in 👇
DeFiLlama has an amazing dashboard with 2000+ tokenless DeFi protocols.
Obviously, not every protocol that appears on this dashboard (which you can access by clicking here) has an airdrop that’s worth farming.
But what’s interesting is that DeFiLlama allows you to filter all these tokenless projects by a wide range of metrics.
Based on my experience, the best airdrops usually come from projects that have these things in common:
A large amount of money raised in funding
The more money a project has raised in funding from VCs, the higher the valuation of its token will likely be at TGE.
A community-first approach
The team of a project that listens to the community’s feedback, constantly engages with their users, and has a loyal base of fans, is way more likely to do a big airdrop.
True product-market fit (PMF)
Think about Hyperliquid and Ethena. One of the reasons why their 1st airdrops were so successful is that they actually built an excellent product that their users loved, and many people were willing to invest in their tokens at launch.
(higher token valuation → higher value of the airdrop)
Less than 2 years old
If a protocol hasn’t released its token in the first 2 years after its public launch, then maybe it doesn't plan to launch one at all. It’s usually not worth to keep farming its airdrop in this case.
Evidently, you can’t filter the tokenless projects on the DeFiLlama Airdrops Dashboard by things like a community-first approach and PMF.
But here’s how I generally use it:
Click on TVL to see the top projects on the dashboard by TVL
Check ‘Total money raised’ on the right side of the TVL metric
Search for the projects that have both a high TVL and money raised from VCs (if the TVL of a certain protocol is low but it raised a lot of money in funding, that airdrop might also be worth farming)
After that, research closely the tokenless projects you identified to see if they meet most of the criteria I mentioned above.
If the answer is yes, it might be a good idea to start farming their airdrops.
Another way (I’d say my favorite one) to find great airdrop opportunities is via X lists.
X lists are a curated group of accounts. When you create a list or follow an existing one, you’ll see only the posts made by that group of accounts.
Using them is a good method to find more alpha on X.
I created a public X list called “Airdrop Farming” to which I added my favorite X accounts that create content about airdrop and yield opportunities.
You can follow it here if you want.
Personally, I found plenty of great yield farms using it.
Before I cover a third strategy for finding good airdrop opportunities, here’s an overview of Rumpel - the points tokenization protocol:
Together with Rumpel
BEST PLACE TO SELL YOUR AIRDROP POINTS
Tired of farming points for months and waiting for airdrops that might disappoint?
Rumpel fixes that.
Rumpel is the points liquidity protocol that lets you tokenize and trade your airdrop points that you accrue from protocols like Ethena, Fluid, Mellow, Karak, Contango, Kelp, Zircuit, and more.
Using it, you can instantly turn your points into profit.
Here’s how it works:
Visit app.rumpel.xyz →
Connect your wallet & create a Rumpel Wallet
Deposit supported currencies into your Rumpel Wallet
Deposit into one of Rumpel’s features DeFi strategies
Rumpel will then tokenize and sell the points you earn
You get USDC in your wallet (automatically)
It’s that simple.
No lockups. No complicated marketplace listings. Just real-time liquidity for your hard-earned points.
Whether you’re a yield farmer chasing the highest yield or a buyer seeking exposure to a certain airdrop, Rumpel offers a smarter way to play the points meta.
On top of that, Rumpel’s own point program called Straw is live, and all users who deposit, trade, and refer are eligible. Stack Straw as you stack yield.
Sell your airdrop points instantly with Rumpel →
Using Kaito Yaps Dashboard
In crypto, it pays off big time to take advantage of the hot narratives.
And the fastest-growing narrative in 2025 has arguably been InfoFi (which turns attention into tokenized assets via projects like Kaito).
I think that especially if you have a small portfolio, creating X content can help you earn significantly bigger airdrops than yield farming.
Here’s a strategy to potentially qualify for InfoFi airdrops even with a small X account:
Click on ‘Kaito Earn’ and note what projects reward social contributions
Click on ‘Pre-TGE Arena’ on the left side and look for projects that don’t have a lot of mindshare, but have an attractive incentive program on Kaito Earn
Create content about those (threads/tweets) and check their Yapper leaderboards (link here) to see if you’re in top 100 on their leaderboard
Why should you search for projects with relatively low mindshare?
Because it’s much easier to climb up their yapper leaderboard and get rewarded for your X content if a small number of people talks about them.
(low mindshare on CT → less competition)
An example of a project with attractive rewards on Kaito Earn and a relatively low mindshare (at the time of writing) is Soul Protocol.
Its mindshare is only 0.51% of the total pre-TGE mindshare, and Soul is allocating up to 1.5% of its token supply + $5K USDC weekly to top content creators.
So it should be relatively easy to climb up its yapper leaderboard.
I wrote a more in-depth article on how to capitalize on InfoFi last week, which I highly recommend reading if you haven’t already:
I hope you learned something new from today’s issue!
I’ve discovered quite a few interesting new yield farming opportunities (especially for stablecoins) lately using the above strategies.
I’ll cover all of them in this newsletter and on my X account in the following weeks.
On-chain Alpha🔎
Stablecoin supply is up $88 billion in the past year
Crypto Meme😂
The latest developments in DeFi
Vitalik Buterin said Ethereum L1 will scale ~10x within a year
AAVE’s Umbrella, a major protocol upgrade that lets you stake yield-bearing tokens to earn extra rewards, went live
Ethereum Foundation announced plans to sell less ETH and engage more with DeFi
GMX introduced GMX Express - a major upgrade that enables 1-click trading and paying gas fees in USDC. The upgrade went live on Arbitrum L2 and Avalanche
Defi App announced the upcoming launch of its HOME token on June 10. DeFi App is a decentralized SuperApp that brings a CEX-like user experience on-chain
Mezo, a Bitcoin-native DeFi layer, released its mainnet. Mezo allows earning yield and borrowing stablecoins using your BTC as collateral
SOL Strategies, a company similar to Michael Saylor’s Strategy, announced plans to raise $1 billion to buy more SOL
Soul Protocol, an omnichain liquidity layer, raised ~$6 million in funding
InfiniFi, a first-of-its-kind on-chain fractional reserve system, went live. InfiniFi enables earning higher yields on stablecoins when locking them
Resolv expanded to Hyperliquid’s HyperEVM L1
Ethena launched a savings account for USDe on Telegram’s TON blockchain, offering up to 18% APY on stablecoins
Solv Protocol went live on Solana
Solana introduced the Solana App Kit - a solution for building mobile apps on Solana in ~15 minutes
Sonic announced its upcoming airdrop will be 25% liquid and 75% vested
PumpFun is planning a $1 billion token sale at a $4 billion valuation
Drift Protocol took the airdrop snapshot for its FUEL points program
That’s all for this week!
Until next time,
The DeFi Investor
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ok this was actually super helpful lol
i didn’t even know about that Kaito thing before, feels like there’s a whole other layer to farming airdrops i’ve been missing
also that Rumpel strategy sounds kinda genius if it actually works like that
do you think most of these will still work a few months from now or is it more of a strike-while-it’s-hot thing?