The Airdrop Opportunities You Can't Miss in Q4
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The Airdrop Opportunities You Can't Miss in Q4
Projects available for participation include: Morpho, Sunrise, Mantle, Story Protocol, Soneium, Hyperlane, etc.
Navigating Web3 tides with focused insightsAuthor: Stacy Muur
Translation: TechFlow
Morpho [Mainnet]
Morpho is a trustless and efficient lending platform that enables permissionless markets. It has rapidly 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
Morpho's airdrop campaign does not rely on a points system. Users can observe changes in asset supply and annual percentage yield (APY) for borrowing and lending by setting an expected fully diluted valuation (FDV). For example, the illustration below uses a $1 billion FDV.
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Visit the Morpho app (available on Ethereum and Base).
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Browse various pools and assets available for lending and borrowing to select the most suitable one.
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Check your rewards under the "Rewards" tab.
Tip: Rewards on Base are generally higher. Additionally, since Base is an OP Stack chain, you can also earn OP incentives. That’s why I personally choose to farm Morpho rewards on Base.
FDV Expectations
As mentioned, Morpho is currently the sixth-largest lending market across all blockchains. Its main competitors include Compound (market cap $444 million FDMC), Venus (market cap $210 million FDMC), and Kamino Lend (market cap $660 million FDMC).
In a strategic funding round on August 1, Morpho raised $50 million (specific FDV undisclosed). Assuming this round sold 10–15% of tokens, the FDV would be approximately $330 million to $500 million. Considering typical venture capital discounts, Morpho’s FDV at launch could be close to $1 billion.
Sunrise [Testnet]
Sunrise is a data availability (DA) layer designed specifically for proof-of-liquidity (PoL) and fee abstraction. It recently launched a public incentivized testnet, marking a key step toward mainnet deployment. The testnet rewards active users, with early participants expected to receive the largest share of the upcoming $RISE token airdrop. To access the testnet and its faucet, users must connect an EVM wallet (with at least 0.001 ETH and transaction history on Ethereum mainnet) and a Cosmos wallet.
Earning Airdrop Points
Participants can earn points by completing daily tasks on the testnet such as claiming, swapping, providing liquidity, and participating in governance. Inviting friends also increases point accumulation. Initially, 7% of the token supply was allocated for the TGE airdrop, with another 5% reserved for future programs. Sunrise is now considering merging these allocations, meaning 12% of the total supply may be distributed together in the genesis airdrop.
Some key stats:
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Over 200,000 users have joined the testnet.
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Daily active users have grown to around 50,000 and are still increasing.
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New testnet activities continue to roll out.
To-Do Checklist:
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Join the community: Follow Sunrise on social media and join their Discord.
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Use the testnet: Perform swaps or provide liquidity.
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Complete daily tasks.
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Invite friends using your referral link.
FDV Expectations
Sunrise Layer seamlessly integrates on-chain and off-chain data, combining the security and transparency of on-chain solutions with improved scalability and lower costs. This hybrid model is ideal for decentralized applications requiring high throughput and strong data integrity. Its main competitors include Celestia (FDV $4.7 billion), Avail (FDV $1.2 billion), and KYVE (FDV $24 million). I expect its launch FDV to range between $300 million and $500 million.
Mantle’s COOK [Mainnet]
As an Ethereum Layer 2 network, Mantle is running the Metamorphosis campaign, which will culminate in the distribution of a new $COOK token to the community. $COOK will serve as the governance token for Mantle’s liquid staking token (mETH—one of the largest by TVL) and its liquid restaking token (cmETH—a new restaking model).
How to Get the Airdrop
The process to qualify for the upcoming COOK token is straightforward and offers multiple pathways. The key is to obtain some mETH (preferably on Mantle, as it yields more Powder daily), then boost rewards through various DeFi activities.
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Visit the website and connect your wallet.
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Stake ETH to receive mETH tokens.
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Add mETH to your wallet and bridge it to the Mantle network.
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For every 1 mETH held, you earn 10 Powder per day. Additional Powder can be earned by providing mETH liquidity on designated protocols.
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You can also earn extra rewards by locking MNT.
FDV Expectations
mETH is currently the fifth-largest liquid staking token, with TVL approaching that of Jito (FDMC $2.1 billion) and Marinade Finance (FDMC $100 million). With COOK set to govern both mETH and the upcoming cmETH (a new restaking token), its FDV at launch could range between $150 million and $300 million. Hopefully, Mantle avoids the low circulating supply, high FDV strategy.
Other Airdrops to Participate In
For simplicity, the following airdrops will be described more concisely than the three above.
Story Protocol [Testnet]
Story is the world’s first IP blockchain, enabling programmable intellectual property and powering next-gen AI, DeFi, and consumer applications.
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Visit the website and connect your wallet.
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Swap IP, WETH, USDC, WBTC, USDT, and FATE.
Soneium [Testnet]
Soneium is a Layer 2 blockchain developed by Sony’s Block Solutions Labs team, aiming to inspire emotion and creativity while bridging the gap between Web3 and everyday internet services, making blockchain technology more accessible globally.
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Get Sepolia ETH from the faucet.
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Visit the website and connect your wallet.
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Bridge test ETH from Sepolia to the 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 1s, Rollups, and app chains—through permissionless deployment.
Hyperlane x Injective
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Visit the website and connect your EVM/Solana and Cosmos wallets.
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Send $INJ tokens to the inEVM network. Enter the amount, select your wallet, click “Continue,” and confirm the transaction.
hNFT Minting & Bridging
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Visit the website and connect your wallet.
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Select the network on the left where you want to mint the NFT, and the destination network on the right, then click “Mint.”
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Click “Bridge” to transfer the NFT to another network and confirm the transaction.
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Check the transaction status on Hyperlane’s explorer.
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@stacy_muur
