Here are 4 Solana Airdrops being farmed right now

These 4 airdrops have either been confirmed or are highly anticipated.

While Jupiter and Jito airdrops are on the horizon, there are several projects which have announced points systems, hinting at possible token airdrops in the future.

Today we will look into Kamino, Drift Protocol, Parcl and Zeta Markets and how investors are farming the potential token airdrops.

Kamino Finance

The Points System is currently not active, but Kamino Finance has suggested that engaging in activities within the DeFi protocol is already contributing to the accumulation of points for the upcoming airdrop.

There are several potential opportunities for users to earn points. Participating in lending or borrowing activities within the platform can potentially earn you points. Engaging in long and short positions, Providing Liquidity to Pools and trying the Multiply feature may earn more points than lending or borrowing, given the added level of complexity of these features.

Drift Protocol

Drift Protocol is currently the largest Decentralized Perp Exchange on Solana, based on volume and daily users. The protocol has been gaining substantial attention within the Ethereum community and stands out as potentially one of the biggest airdrops to come for the Solana ecosystem.

Traders are farming the airdrop in different ways such as participating in lending or borrowing activities. Staking in Vaults, Providing Liquidity and Trading the perpetual pairs count towards increasing the size of the token airdrop. Trading Volume may accrue more points than other activities although this is not confirmed.

Parcl

Parcl is a decentralized real estate trading platform. Parcl offers city indexes that allow you to speculate on price movements of real estate markets across the globe.

While not yet active, Parcl has confirmed that there will be a points system rollout in the future. Activities like Trading the real estate markets and providing liquidity to their platform will most likely be the best ways to farm a potential token airdrop.

In addition to these, engaging and being a contributing member of the community may also have rewards, similar to how the PYTH airdrop worked.

Zeta Markets

Zeta Markets is one of the largest perpetual trading DEXes built on Solana. Their points system is called Z-Score and works similarly to other protocols, however, there is another variable in play. To boost their Z-Score accrual, traders can purchase an NFT which works as a 2x score multiplier for accruing points.

To gain Z-Score and farm the potential airdrop, Traders need to actively participate in trading on the platform. The more trading volume a user generates, the higher their Z-Score.

In essence, the more trading volume a user achieves, the greater their Z-Score, and for those seeking an additional boost, investing in NFTs can provide a multiplier effect on their accumulated points.

Conclusion

Farming airdrops has a set of inherent risks that demand careful consideration. Protocol vulnerabilities and changes pose potential financial pitfalls, with smart contract flaws and unexpected updates affecting users. There are other risks such as Hacks or Impermanent Loss which should be taken into account before farming airdrops. It is also important to note that due to these risks, investors should always practice good risk management and allocate a small percentage of their portfolio to airdrop farming.