Are DeFi airdrops still worth the hassle ?

[SiliconHat]

Back then when airdrop projects were few and legit, i remember participating in a few like Berachain and Movement and the profits made were reasonable but after going through another phase of farming other projects and realized little rewards, i came to a conclusion of trading them after listing using the short strategy or better still participate in exchanges event like PoolX and Launchpool.

Take for instance, my friend farmed this DeFi project, ELIXIR for a year but found out he wasn’t eligible after checking yesterday. He felt disappointed but i told him two options, it’s best to take advantage of the current market condition, trade and short because i’ve realized there’s always a dump after listing even though it might pump back but at least make some profit out of this or better still, use PoolX to his advantage as i’ve always done. But i would like to if anyone was eligible for the airdrop here ?

[hugeblack]

I read some of the airdrop terms listed here ----> https://cryptorank.io/drophunting/elixir-finance-activity240
It requires that you have started farming potions from season 1 which started last August.
In general, yes, following such an airdrop requires a lot of effort and an uncertain return, it is better to invest time in a job and use the money from that job to buy bitcoin or any cryptocurrency.

[SiliconHat]

I read some of the airdrop terms listed here ----> https://cryptorank.io/drophunting/elixir-finance-activity240
It requires that you have started farming potions from season 1 which started last August.
In general, yes, following such an airdrop requires a lot of effort and an uncertain return, it is better to invest time in a job and use the money from that job to buy bitcoin or any cryptocurrency.

I wasn’t aware there were terms attached to the airdrop and i think it actually great one can get extra ELX as rewards for trading it on Bitget candybomb. Hopefully, most people won’t depend solely on airdrops and rather take as an extra income.

[Taskford]

I read some of the airdrop terms listed here ----> https://cryptorank.io/drophunting/elixir-finance-activity240
It requires that you have started farming potions from season 1 which started last August.
In general, yes, following such an airdrop requires a lot of effort and an uncertain return, it is better to invest time in a job and use the money from that job to buy bitcoin or any cryptocurrency.

Everything is unsure so there might be a chance that they are wasting their time for participating on those campaigns. So better they should not rely on it and think about spending lots of time to do those task since they might not get anything from those projects.

Much better if they take the more ideal thing the same as what you suggest since its will be more better for people to find a realistic job then use the extra funds they earn to buy Bitcoin since this would provably give them security and good investment conditions rather than spending some time on things that gives them unsure results.

[Bournesparks]

I read some of the airdrop terms listed here ----> https://cryptorank.io/drophunting/elixir-finance-activity240
It requires that you have started farming potions from season 1 which started last August.
In general, yes, following such an airdrop requires a lot of effort and an uncertain return, it is better to invest time in a job and use the money from that job to buy bitcoin or any cryptocurrency.

I saw someone made $1m from elx on Twitter.. I guess if you're convinced about the project, you'll follow through. Airdrop still pays..

I read some of the airdrop terms listed here ----> https://cryptorank.io/drophunting/elixir-finance-activity240
It requires that you have started farming potions from season 1 which started last August.
In general, yes, following such an airdrop requires a lot of effort and an uncertain return, it is better to invest time in a job and use the money from that job to buy bitcoin or any cryptocurrency.

I wasn’t aware there were terms attached to the airdrop and i think it actually great one can get extra ELX as rewards for trading it on Bitget candybomb. Hopefully, most people won’t depend solely on airdrops and rather take as an extra income.

It's live. Didn't qualify for the drop though. But I'll be farming elx via this👇.

The team building this seem doxxed and dedicated with their goal to enhanced liquidity among dex

[kaya11]

Back then when airdrop projects were few and legit, i remember participating in a few like Berachain and Movement and the profits made were reasonable but after going through another phase of farming other projects and realized little rewards, i came to a conclusion of trading them after listing using the short strategy or better still participate in exchanges event like PoolX and Launchpool.

Take for instance, my friend farmed this DeFi project, ELIXIR for a year but found out he wasn’t eligible after checking yesterday. He felt disappointed but i told him two options, it’s best to take advantage of the current market condition, trade and short because i’ve realized there’s always a dump after listing even though it might pump back but at least make some profit out of this or better still, use PoolX to his advantage as i’ve always done. But i would like to if anyone was eligible for the airdrop here ?

This happened to many times, and most of the time you should grab the chance while it has value once released in an exchanged. I only have a few projects that gave me reasonable amount. Most of the projects I was into was just a scheme to get ahead of others money. I remember having a 1k USD worth of coins and after a few hours it became to almost nothing in value at all. So again take your part of the pie as soon as you can and leave, find another one, repeat and that's it. Also remember to not look onto the past, because it will hurt your feelings especially for the coins that was actually successful.

[nelson4lov]

Given the current market situation, it's almost like a needle in haystack situation to find any "yet-to-airdrop" protocol that would be worth it. A lot of people spent over 18 months farming Elixir and it got airdropped today and the returns are nothing to write home about. While some people might just indulge in a Testnet with no Mainnet liquidity (so basically free participation) and end up getting good returns like IP story protocol.

My point is, there's no sure fire-way to know. You just have to do your research, pick a couple to farm and see what succeeds at the end of the day.

[TastyChillySauce00]

worth the hassle or not depends on the project.
most of projects right now are just reinventing the wheel, what does elixir offer that other doesn't? also their requirement for the airdrop was also unreasonable on top of that, 400 potion to be eligible is dumb, but if you can find a project that's good, like most of L1 like maybe monad, or other L1 that actually offers innovation the chance of you making profit is higher. so I think airdrops are still worth the hassle but you need to be selective.

as of now, I don't really do airdrop that's freebies, I instead always doing airdrop that requires staking money and interacting with the blockchain using real crypto, because it filters out most of people and I think it's worthwhile.

[FinneysTrueVision]

Almost everything in DeFi seems to have some points system. I have not actively tried to farm any airdrop, but I have managed to accumulate thousands of points from just doing normal activity. Some people are really hardcore and doing risky leveraged strategies to maximize their points earnings. I have not taken it that far and am just going to take whatever I can get. It is just extra income on top of yield I am already earning.

[Akbarkoe]

Almost everything in DeFi seems to have some points system. I have not actively tried to farm any airdrop, but I have managed to accumulate thousands of points from just doing normal activity. Some people are really hardcore and doing risky leveraged strategies to maximize their points earnings. I have not taken it that far and am just going to take whatever I can get. It is just extra income on top of yield I am already earning.

Not only DEFI that needs a point system now but all airdrops now use the Point system to get their allocation with a point system and then can be converted with airdrop allocation.

Defi is still interesting in my opinion but it depends on the fundamentals of the project itself, because some defi require large investor capital support to gain popularity and consumer trust also with a system that should be more interesting to share in its services, seeing the development of DEFI that continues to grow and the competition is very tight in my opinion every new innovation will definitely create a lot of demand.

[oktana]

To be sincere, I’d say it’s a mixture (50/50 kinda thing). Some airdrops can still be genuine even with the space getting increasingly saturated. I’d advise to do your research, be cautious and prepared for the possibility of getting caught off guard. On the other hand, if you’re willing to put in the effort and time I’m pretty certain you’d find some gem. Just don’t forget that there’s always a catch, Nothing comes without a cost or consequence!