This article speculates about possible uniswap-like DEX (decentralized exchange) airdrops in the near future.
The uniswap airdrop
The popular decentralized exchange uniswap in September 2020 announced to airdrop 400 of it’s native token UNI to addresses which have ever called it’s smart contract on the Ethereum blockchain. To date, that amount accounts for around 3,500 USD.
Subsequent airdrops
Since then, many dexes have followed uniswap’s example. The most popular names are probably sushiswap and the DEX aggregator 1inch. Naturally it comes to mind to simply create thousands of Ethereum addresses, make a little trade on the dex with each of them and thus get a muliple amount of the airdropped tokens. However, the more recent airdrops have been more sophisticated. While the uniswap airdop was rather dumb, 1inch for example introduced a 20 USD threshold to qualify for the distribution of it’s token. Believe me, many people got burned by this.
So what are possible future airdrops?
These are, in no specific order:
1) ParaSwap
2) matcha.xyz
3) The Metamask browser extension
4) dexible.io
5) dydx
How to play this?
Assuming the airdrops get more and more sophisticated in the future, we currently do not see a viable way to play this. We expect certain thresholds to be met in order to qualify for the distributions. And taking into account the lately more expensive Ethereum network fees we have not found a methology yet which is worth the risk. Keep in mind, nobody nows if a certain dex will do an airdrop at all. Our strategy so far is to make trades, we would have executed anyway, rather on dexes than on centralized exchanges like binance and hence interact with as many decentralized protocols as possible.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
Disclaimer: The information contained in this website is for general information purposes only. We endeavour to keep the information up to date and correct, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under our control. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, we take no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.