Dear Bankless Nation,

Did the SEC label your bags as securities this week? Seeking profits from crypto but don't know where to begin?

Join other Bankless users and get to work exploring the frontier. You may be entitled to financial compensation... in the form of an airdrop πŸͺ‚

Today, we're walking you through our 8 latest airdrop predictions, available in full exclusively to you, our paying Bankless Citizens 🫑

- Bankless team

The Bankless Airdrop Guide | June 2023

Bankless Analyst: Jack Inabinet

As the saying goes, crypto pays you to learn crypto, and airdrops are one of the best ways to earn and explore!

The Bankless Airdrop Guide is your home for alpha on web3 projects that you should be interacting with to maximize your chances of airdrops. No strategy is guaranteed, but the right tip may grant you a seat at the governance table of some of crypto’s hottest protocols, not to mention potentially juicy financial returns πŸ“ˆ

This month, we’re adding eight protocols. The first two are for everyone, the rest are available exclusively to our Bankless Citizens 🏴


πŸ”΅ Term Finance

Name: Term Finance
Status: Unconfirmed 🚫
Confidence: Medium
Sector: Lending
Chains: ETH

Why we're watching:
We've previously seen major players in the fixed rate lending space (i.e.; Element Finance) give token allocations to early users, creating precedent for Term to do the same.

While it is not certain that Term will airdrop a token to its earliest users, many DeFi protocols have previously airdropped tokens to users accessing gated and testnet versions of their dApps, and being early is frequently one of the best ways to score an outsized airdrop. Keep reading to learn how you can qualify for early access to Term Finance's gated mainnet!

What is it?
Term Finance is bringing fixed rates lending to DeFi through a novel auction approach, allowing users to fix both the term and rate they borrow at!

Existing fixed rate borrowing and lending platforms, like Pendle and Element, use an AMM, however this model dilutes lender yields by having utilizations under 100%, as idle capital must sit in the AMM to facilitate swaps, and is highly susceptible to slippage, especially for users trading in size (like institutions).

Via a Dutch Auction mechanism, Term matches borrowers with lenders, achieving the highest possible yield for lenders and lowest possible cost of capital for borrowers. Participants submitting bids and asks outside of this market clearing rate have their capital returned to them at the conclusion of the blind auction process, allowing Term to utilize 100% of their users' capital.

Maximize your eligibility by:
☐ Applying for early access to the testnet
☐ Entering to receive exclusive access to Term's gated mainnet. Bankless is handing out 10 early access invites! Become a Bankless Citizen, join the Bankless Nation Discord, and visit the "πŸ”Š|announcements" tab to learn how to qualify (Note: Minimum transaction size for gated mainnet is $1k and invite is separate from the testnet sign-up available here)

Learn More:


🟣 Gravita

Name: Gravita
Status: Unconfirmed 🚫
Confidence: Medium
Sector: Stablecoin
Chains: ETH

Why we're watching:
Gravita states in its docs that the team will release information regarding governance token specifications, including its distribution, at some point in the future and advises readers to tune-in to learn more about a token.

Protocols that align themselves with "Ethereum values" have a higher likelihood of airdropping a portion of their governance tokens to early users; Gravita has done so in two ways. By accepting bLUSD and liquid staking derivatives, Gravita has displayed its desire to serve members of the broader Ethereum community. Crucially, Gravita has been transparent about its forked nature and vision to improve an open-source protocol.

What is it?
Gravita is a Liquity fork built to address the inherent limitations of its immutable predecessor, including the scalability constraints imposed by LUSD's single collateral (ETH) model. As a "friendly fork," Gravita intends to bolster Liquity usage by accepting bLUSD – colloquially known as Chicken Bonds – as collateral, in addition to other decentralized yield-generating assets (like LSDs).

Maximize your eligibility by:
☐ Depositing GRAI in the Stability Pool
☐ Borrowing GRAI on bLUSD (no liquidations on bLUSD!)
☐ Providing liquidity in Uniswap's GRAI/USDC and GRAI/ETH pools or Curve's GRAI/FRAX/USDC pool (Gravita flagged liquidity as a major need in a Twitter space, making this a must for any airdrop farmooor)
☐ Following Gravita's Twitter for info on its governance token distribution

Learn More:

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