Venturing into the world of airdrop hunting can be an exciting but challenging endeavor, particularly in the rapidly evolving ecosystem of Sui. With a multitude of projects to explore, optimizing your limited time and resources becomes crucial.
In this blog post, we unveil our top 5 picks for the most promising projects on Sui that offer lucrative airdrop and retroactive reward opportunities for January 2024.
Navi Protocol: A Comprehensive Liquidity Hub
Overview: Navi Protocol stands as a native one-stop liquidity protocol on Sui, securing the second position in Sui DeFi Protocol TVL at approximately $54.5 million. With backing from reputable names like Mysten Labs, AC Capital, NGC, and Coin98, Navi Protocol recently acquired Volo, expanding its offerings as a decentralized liquid staking protocol.
Airdrop Opportunity: Navi Protocol is gearing up for the release of NAVI tokens, and early contributors can earn points through the newly launched Leaderboard feature. Top performers on the NAVI Leaderboard will receive airdrops when the tokens are released.
How to Participate:
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To access, visit https://app.naviprotocol.io/leaderboard
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Check your for your Daily Activity Section and Points Details
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Get more points by simply borrowing, lending or interacting with the platform. (Here is a simple tricks to maximize your points: Claim reward daily and continue to supply)
Learn More: Delve into additional information on their blog: Navi Leaderboard Season 1 Start.
Scallop: P2P Money Market Dominating Sui DeFi
Overview: Scallop, a peer-to-peer money market within the Sui ecosystem, has risen to prominence as the top lending and borrowing platform on Sui. Currently holding the position of the number one DeFi Protocol by Total Value Locked (TVL) with approximately $62 million, Scallop has garnered support from the Sui Foundation and major VCs like Comma3 Ventures and Kyros Ventures.
Airdrop Opportunity: Although the Scallop token is yet to be released, users can start farming for a potential airdrop by participating in the ongoing Season 2 of the Scallop Airdrop Score System. By lending and borrowing on the platform, users accumulate points that can be exchanged for Mystery Pearls, which, in turn, can be swapped for Scallop tokens during the token launch phase.
How to Participate:
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Go to the Scallop Airdrop page and check your current points by visiting https://airdrop.scallop.io/
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To earn more points, supply and borrow from Scallop. Keep in mind that you need to supply or borrow a minimum amount of $100 to be counted. Borrowing earns more points than supplying, and longer periods also earn more points.
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Check the leaderboard every 48 hours to monitor your score changes. A snapshot is taken every day.
Learn More: Explore additional details on their Medium page: Scallop Scores and Rewards Phase 2.
KriyaDEX: The new era of trading
Overview: KriyaDEX is one of the early pioneer decentralized exchanges in the Sui Ecosystem. Their goal is to build an institutional-grade trading infrastructure powered by Move language. Users can swap at competitive prices using their cross-protocol router and AMM-based spot exchange. Additionally, they are one of the first few DEXs to have integrated Deepbook, Sui’s native limit orderbook.
Airdrop Opportunity: KriyaDEX season 2 for Chakra campaign has started, where 200,000 $KRIYA tokens are allocated evenly among 20 epochs (each lasting for 24 hours).
How to Participate:
We have two playbooks for Sui users depending on their mental degen-ness:
Normal Mode
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To access, Visit: https://www.app.kriya.finance/spot/liquidity and create as much volume as possible on the pairs with most liquidity (Sui/Usdc or Usdc/Usdt or vSui/Sui)
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If you are swapping alot, I would prefer to use wUSDTe/wUSDCe pair to swap on regular basis, as it has most liquidity with only 0.01% pool fee.
Degen Mode
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If you are mentally degen, and have the balls to risk big, then try degen mode at swap, it is available at: https://app.kriya.finance/spot/swap/degen-mode/…
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Swapping on Degen-Mode would be at 25x batch volume, making your asset be swapped 25 times in blink of eye, huge shoutout to the Intern that made it.
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Don't try Sui/Usdc or other uncollateral pairs on degen mode as they have higher pool fees & would be risky. Learn More: Delve into additional information on their blog https://kriyadex.substack.com/p/chakra-season-2-volume-sprint
Karrier One: Build on the global telecom layer
Overview:* *Karrier One is an unique web3 phone service building on Sui offers global accessibility, allowing users to easily purchase or transfer phone numbers from any location, and even conduct transactions with their numbers. KNS is set to transform into a comprehensive messaging service
Airdrop Opportunity: The project may Airdrop to Early Adopters
How to Participate: To become an Early Adopter of the project, this is quite simple.
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Visit https://mint.karrier.one
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Minting Early Adopter NFT (Make sure your wallet has enough 80 $SUI, to be able to mint the NFT)
DeSuiLabs NFT: Trendsetting Inscription NFT on Sui
Overview: DeSuiLabs NFT stands as the first inscription NFT available on Sui, consistently trending at the top of Sui NFT collections. Holding this NFT comes with enticing perks, including discounts on DeSuiLabs games, access to the DeSuiLabs Legacy whitelist, and exclusive airdrops.
Airdrop Opportunity: With a vibrant community and hints about the upcoming Season 2 of DeSuiLabs NFT, holders are poised to receive significant airdrops and secure whitelist spots for the next season.
Previously, Holder DesuiLabs received an Airdrop from FudthePug worth over $400
Conclusion
Embark on the airdrop hunting journey with these top 5 projects on Sui, each offering unique opportunities for retroactive rewards. Whether you prefer lending and borrowing on Scallop, contributing to liquidity on KriyaDEX, holding NFTs from DeSuiLabs or Karrier One, January 2024 holds exciting prospects for Sui enthusiasts. Good luck with your airdrop endeavors!
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