This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:13:09
The video delves into the evolving landscape of airdrops in the crypto world, noting skepticism towards traditional airdrops due to challenges like fraudulent activities and disappointing rewards. Despite this, opportunities still exist, emphasizing the need for selective and strategic investment in promising protocols such as TON, Base Ethereum Layer 2, Bitcoin DeFi, and others. The speaker stresses the importance of monitoring and managing multiple farms to maximize potential gains, with a focus on smaller, high-growth protocols. The growth potential of PolyMarket and the value of tracking and categorizing farms are also highlighted, with the mention of a possible future airdrop.
00:00:00
In this segment of the video, the speaker discusses the topic of airdrops being dead in the current crypto landscape. A major crypto figure expressed skepticism about the effectiveness of airdrops, suggesting that the downsides now outweigh the benefits. The speaker also references a recent airdrop by Layer Zero that did not meet expectations, partly due to aggressive measures against fraudulent activity. Some recipients were not satisfied as they were required to make a donation to claim the airdrop. Overall, the segment highlights challenges and changing dynamics in the airdrop environment, impacting the profitability and perception of these initiatives.
00:03:00
In this segment of the video, it is discussed that the diluted valuation of $3 billion compared to the latest private investment round of $2 billion is not significantly different. There is mention of disappointment among users who received lower-than-expected rewards from Layer Zero airdrops. The speaker points out that while airdrops are not dead, the era of mass farming airdrops may be ending. Opportunities in airdrops still exist, but with a different approach. A case study of Jeto is provided, highlighting how a small number of users received lucrative airdrops due to minimal competition. Jeto grew in value significantly leading up to the airdrop, resulting in substantial returns for early farmers.
00:06:00
In this segment of the video, the speaker discusses the importance of being selective in airdrop farming to invest in protocols early without spending funds upfront. They recommend looking for growing protocols with momentum that have not yet launched a token. Examples include the TON ecosystem, affiliated with Telegram, which has active points programs and strong growth. The speaker also highlights the Base (Coinbase) Ethereum Layer 2 ecosystem, Bitcoin DeFi ecosystem, and specific chains like Stacks as potential areas for early investment. The key takeaway is to focus on protocols with promising future potential rather than heavily farmed airdrops.
00:09:00
In this segment of the video, the speaker discusses the opportunity to have a secure layer 2 version of Bitcoin on stacks as chains grow. They mention ongoing airdrop programs for various applications, highlighting the value of farming early to potentially receive more tokens in airdrops. The speaker introduces a method to find airdrops worth farming, suggesting using a website like Def llama to identify DeFi protocols without tokens yet. They emphasize the importance of curating which protocols to farm based on traction and growth potential, filtering by total value locked (TVL) and looking for steady traction over time. Examples of protocols mentioned include Eva Storm Trade, Avantis, B Squared, and Merlin, with a focus on smaller protocols showing momentum.
00:12:00
In this part of the video, the speaker discusses the growth pattern of PolyMarket and hints at a possible airdrop in the future. They emphasize the importance of tracking and managing multiple farms, categorizing them based on criteria such as passive versus active involvement. They offer an airdrop tracking document to paid subscribers and encourage viewers to subscribe for weekly chain analysis updates and a farm recommendation.