As the conference approaches, rumors are swirling—will Sui's ecosystem enter a new round of token airdrops?
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As the conference approaches, rumors are swirling—will Sui's ecosystem enter a new round of token airdrops?
Sui Basecamp will take place in Paris this week. Which Sui projects have hinted at airdrops, and how can you participate?
Navigating Web3 tides with focused insightsAuthor: Alex Liu, Foresight News
Is Sui Entering an Airdrop Season?
Announcing a token airdrop during an ecosystem conference may be becoming the new trend in project marketing. Jupiter, for example, generated massive buzz last year when it announced its JUP token airdrop at Solana Breakpoint.
Recently, growing signs suggest that many projects on Sui might follow Jupiter’s playbook, potentially turning the upcoming Sui Basecamp conference—scheduled for April 10–11 in Paris, France—into the starting point of a new airdrop season for the Sui ecosystem.
Hints from a Co-Founder
Adeniyi is Chief Product Officer and co-founder at Mysten Labs, the company behind Sui. A few days ago, he retweeted a post with an image and commented: "Tell me what you see :-)". The image featured numerous parachute patterns 🪂 alongside icons representing various Sui-based projects—including Fuddies and DeSuiLabs (top NFTs on Sui), Tails by Typus (NFT and options protocol on Sui), Aftermath Eggs (a DEX and trading aggregator on Sui), and FUD the Pug (a meme coin on Sui).
Related tweet retweeted by Adeniyi with comment
When DeepBook, Sui’s orderbook liquidity protocol, announced its airdrop on March 29 via Twitter, Adeniyi again retweeted and commented: "Check your wallet 🪂, this is just the beginning of a fun season." This further hints at the arrival of an airdrop season across the Sui ecosystem.
Related tweet retweeted by Adeniyi with comment
It seems that expectations for airdrops within the Sui ecosystem are indeed high. Below, we analyze several specific projects.
Suilend
Airdrop Clues
Suilend is a new lending project launched on Sui by 0xRooter, founder of Solend—the leading lending protocol on Solana. In addition to confirmed airdrops for existing Solend users, Suilend is highly likely to distribute tokens to Sui users as well. On April 7, its official X account posted an image containing only the date "4.8", hinting at a major announcement coming on that day. Adeniyi retweeted the post with a raincloud emoji 🌧️, possibly suggesting an imminent airdrop.
Related tweet retweeted by Adeniyi with comment
How to Participate
To qualify for a lending protocol airdrop, depositing and borrowing are essential. However, unlike permissionless lending protocols, participating in Suilend currently requires holding a Suilend Beta Pass—an NFT pass. This NFT can be obtained through events hosted by Suilend and its partners or purchased on NFT marketplaces like tradeport, where the current floor price is around 11 SUI.
Suilend Beta Pass listing on tradeport
Once you have the Suilend Beta Pass, visit the Suilend website to start depositing and borrowing. Thanks to SUI token incentives from the Sui Foundation, interest rates on Sui DeFi platforms are quite attractive. Note that Suilend charges a one-time 0.3% borrowing fee; strategies like looping loans may require significant time to recoup costs.
Interface of Suilend's official dApp
SuiNS
Airdrop Clues
SuiNS is Sui’s decentralized address naming service, acquired by Mysten Labs last year. In January, Adeniyi ran a poll on X asking, “Should we fully decentralize a core Mysten Labs project?” To which 94% responded, “Yes, and airdrop it!”
Related tweet
Core projects under Mysten Labs include the Sui network, Sui Explorer (which has been announced for shutdown), zkSend and zkLogin, Sui Wallet, and SuiNS. Among these, SuiNS appears to be the most likely candidate for token issuance and airdrops. On March 16, Adeniyi retweeted a post from SuiNS encouraging domain holders to join their Discord server and claim a verification role, commenting: “Do this now.”
Related tweet retweeted by Adeniyi with comment
This further boosted expectations for a SuiNS airdrop. The floor price of the activated SuiNS Day NFT—which grants the Activated Day 1 NFT role in SuiNS Discord—surged from under 50 SUI to nearly 200 SUI.
SuiNS Day NFT page on tradeport, with price history below
How to Participate
The general steps are: become a SuiNS domain holder, then join their Discord server to verify ownership.
There are five available Discord roles: Activated Day 1 NFT (for holders of activated SuiNS Day NFT), Whale (for those holding 10+ domains), Collector (5–9 domains), and the basic SuiNS Club role (for any domain holder).
SuiNS Discord role eligibility rules
Note: You don’t need to register a domain directly on the SuiNS official website at a base price of 20 SUI per year. Instead, you can buy domains more affordably on NFT marketplaces like tradeport.
Domain registration prices on the official website
Floor prices of domains on secondary markets
To obtain the Activated Day 1 NFT role, purchase an already-activated SuiNS Day NFT from an NFT marketplace. Note that unactivated SuiNS Day NFTs, while cheaper, are now worthless and cannot be activated. Use filters on marketplaces to set “active” to “true” when searching.
After acquiring the required domains or NFTs, join the SuiNS Discord server and go to the domain-verification channel to complete verification. Once your profile displays the corresponding role, you’re all set.
Discord profile showing assigned roles
Navi
Airdrop Clues
Navi is the largest protocol on Sui by TVL, primarily offering lending services. It previously launched its token via an IDO on Cetus but has yet to conduct a user-focused token airdrop.
TVL rankings of Sui ecosystem protocols on DefiLlama
When users asked about potential airdrops (“daily Wen”), a Discord moderator hinted that “there’s a conference in April—big moves might happen.”
Navi runs an ongoing points system, and its documentation explicitly states that points will play a key role in an “upcoming” airdrop.
How to Participate
Visit the Navi website to deposit and borrow funds. Points are calculated weekly based on relative rankings of deposit and borrow amounts. Weekly caps are 1,000 points each for deposits and borrows—with lower ranks receiving fewer points (e.g., 650 points for ranks 5%–10%). Additionally, up to 200 active participation points are awarded weekly.
Navi’s points dashboard
Navi’s weekly points distribution
Pro tip: Navi does not charge a one-time borrowing fee. Clever looping strategies can generate high points with relatively low capital. Also, the weekly 200 activity points are easy to earn—simply log in daily to claim your deposit rewards to secure most of these points.
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