Check out the airdrop opportunities worth paying attention to in the fourth quarter

Original article by: Stacy Muur

Original translation: TechFlow

Morpho [Mainnet]

Morpho is a trustless and efficient lending platform that promotes the formation of permissionless markets. It has quickly become the sixth largest lending market by total value locked (TVL) on DefiLlama , with a current TVL of $1.4 billion.

How to Get the Airdrop

Morphos airdrop campaign is not based on a points system. Users can observe changes in asset supply and annualized lending yield (APY) by specifying an expected fully diluted valuation (FDV). For example, a FDV of $1 billion is used in the example below.

• Access the Morpho app (supports Ethereum and Base).

• Browse the various pools and assets available for lending to choose the pool thats best for you.

• View your rewards in the Rewards tab.

Tips: The rewards on Base are usually higher, and since Base is an OP Stack chain, you can also get OP incentives. Therefore, I personally choose to get Morpho rewards on Base.

FDV Expectations

As mentioned earlier, Morpho is currently the sixth largest lending market among all blockchains. Its main competitors include Compound (market cap $444 million FDMC), Venus (market value $210 million FDMC) and Kamino Lend (market value $660 million FDMC).

Morpho raised $50 million in a strategic financing round on August 1 (the exact FDV was not disclosed). Assuming that 10-15% of the tokens were sold in this financing, this means its FDV is about $330 million to $500 million. Considering that all venture capital rounds usually have discounts, Morphos FDV at launch may be close to $1 billion.

Sunrise [Testnet]

Sunrise is a data availability (DA) layer designed for Proof of Liquidity (PoL) and fee abstraction. It recently launched a public testnet with an incentive mechanism, which is an important step towards its mainnet release. The testnet rewards active users, and early participants will receive the largest share of the upcoming $RISE Token airdrop. To access the testnet and its faucet, users need to connect an EVM wallet (with at least 0.001 ETH and transaction records on the Ethereum mainnet) and a Cosmos wallet.

Get airdrop rewards

Participants can earn points by completing daily tasks on the testnet, such as claiming, exchanging, providing liquidity, and participating in governance, and can also increase points by inviting friends to participate. Initially, 7% of the token supply was allocated for the initial airdrop of TGE, and another 5% was reserved for future plans. Sunrise is currently considering merging these two parts, with a total of 12% of tokens to be distributed together in the Genesis airdrop.

Some statistics:

• More than 200,000 users have joined the testnet.

• Daily active users have grown to around 50,000 and are still increasing.

• New testnet activities are constantly launched.

To-do list:

• Join the community: Follow Sunrise on social media and join their Discord .

• Use the testnet : conduct transactions or provide liquidity.

• Complete daily tasks.

• Invite friends using referral link

FDV Expectations

Sunrise Layer can seamlessly integrate on-chain and off-chain data, combining the security and transparency of on-chain solutions while improving scalability and reducing costs. This hybrid model is ideal for decentralized applications that require high throughput and strong data integrity. Its main competitors include Celestia ($4.7 billion FDV), Avail ($1.2 billion FDV), and KYVE ($24 million FDV). I expect its FDV to be between $300 million and $500 million at launch.

Mantle’s COOK [Mainnet]

As a second-layer network of Ethereum, Mantle is currently in the process of Metamorphosis, after which new $COOK tokens will be distributed to the community. $COOK will become the governance token for Mantles LST (mETH, one of the largest LSTs in terms of total locked volume) and LRT (cmETH, a new liquid re-staking model).

Get Airdrop

The process for acquiring the upcoming COOK token is very simple and offers a variety of options. The key is to get some mETH (preferably on Mantle, as it gives you more Powder per day) and then increase your rewards by participating in different DeFi activities.

• Visit the website and connect your wallet.

• Stake ETH to get mETH tokens.

• Add mETH tokens to your wallet and bridge it to the Mantle network.

• For every 1 mETH held, you can get 10 Powders per day. At the same time, you can earn additional Powders by providing mETH liquidity in designated protocols .

• You can also earn more rewards by locking up your MNT .

FDV Expectations

mETH is currently the fifth largest liquid staking token, with total locked volume close to Jito ($2.1 billion FDMC) and Marinade Finance ($100 million FDMC). With COOK as the governance token for mETH and the upcoming cmETH (a new type of re-staking token), its FDV at launch could be between $150 million and $300 million. Hopefully Mantle can avoid the low circulation, high FDV strategy.

Other airdrop activities you can participate in

To keep things simple, the following airdrop description will be less detailed than the three previously mentioned.

Story Protocol [Testnet]

Story is the worlds first IP blockchain that supports programmable IP and drives the development of next-generation AI, DeFi and consumer applications.

• Visit the website and connect your wallet.

• Exchange IP, WETH, USDC, WBTC, USDT and FATE.

Soneium [Testnet]

Soneium is a Layer 2 blockchain developed by Sonys Block Solutions Labs team that aims to inspire emotions and foster creativity. It is committed to bridging the gap between Web3 and everyday Internet services and making blockchain technology more accessible globally.

• Get Sepolia ETH from the faucet.

• Visit the website and connect your wallet.

• Bridge test ETH from Sepolia to Minato testnet and back again.

Hyperlane [Mainnet]

Hyperlane is an interoperability layer designed for modular blockchain ecosystems. It enables seamless communication between different blockchain environments such as Layer 1, Rollups, and application chains through permissionless deployment.

Hyperlane x Injective

• Visit the website and connect your EVM/Solana and Cosmos wallets.

• Send $INJ tokens to the inEVM network. Enter the transfer amount, select the wallet, click Continue, and confirm the transaction.

hNFT Minting and Bridging

• Visit the website and connect your wallet.

• Select the network you want to mint the NFT on the left, select the network you want to send the NFT to after minting on the right, and then click Mint.

• Click “Bridge” to transfer the NFT to another network and confirm the transaction.

• Check the Hyperlane browser to see if the transaction was successful.

Original link

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