I decided to write out some thoughts on 75+ airdrop projects, here they are:
Grass: Still not bullish on this, too many users and without a ton of refs there won't be much payoff
MagicEden: Massive funding & NFT marketplaces have greater opportunity due to more difficulty in farming
HyperLane: One of the better interop farms at the moment. Lots of friction in some of the activities so good potential upside.
Tensor: Season 4 seems quite underfarmed, saw someone on timeline in top #100 with only using 20 SOL to farm
Eigenlayer: Value of token has obviously dropped but could see it having a rally similar to LayerZero
LayerZero S2: No info on when this will be, but based on current usage stats and the last airdrop + reallocation I am bullish on this (+ I use it organically when bridging)
Swell: Dragged out for too long, bit of extra APY maybe
Kroma: Underfarmed but won't have high FDV
DeBridge: Burned most of it's users but still has a great product with the speed of the bridge (not sure how it's so fast I'm not a tech guy)
KiloEx: No point
KelpDAO: Still the same as Swell
Elixir: I think it will be decent but nothing extraordinary
Jumper Exchange: Even if there is no airdrop soon PLEASE use Jumper; 1. It is a great product and easy to use 2. The JLP is starting to prove useful with rewards such as Mitosis superpass codes
Bera Chain: Millions of testnet users, without overpriced NFTs my expectations are slim
Ethena: Have consistenly faded unfortunately so I am not sure, please fill me in Linea: Strong funding and LXP-L is pretty easy through stablecoin loops. However, there are legal problems with Consensys and Linea has a big reputation for farming the farmers.
Mantle: Huge warchest for incentives so I think $COOK and $cmETH could end well. Interested to see the link with $PUFF farmers and $COOK rewards too. Can earn a 2-in-1 and good points by doing a hook with $mETH on Init Capital
INIT Capital: May as well do the 2-in-1 if farming Mantle
Karak: High funding, plays into the big restaking narrative, low deposit cap, and DA layer. A bit of an Eigen clone but definitely interesting