This guide distills the video’s hands-on testing of current and upcoming crypto airdrops on perpetual DEXs (perps DEXs) and explains where risk-adjusted returns may be most efficient right now. It compares Hyperliquid (described as the largest airdrop to date), LayerZero (once a top pick but now saturated), and three newer focus areas—Gravity, Omni, and Based. The core framework looks at weekly trading volume, active users, token generation event (TGE) timing, fully diluted valuation (FDV) assumptions, points allocation to users, and the real difficulty of earning those points. Key takeaways: perps DEXs distribute value via points/airdrop programs to acquire users and network effects; point efficiency usually improves when competition is low and rules are transparent; and timing matters because earlier TGEs may attract more farmers and dilute yields. Gravity stands out for maker rebates and a clear points formula; Omni for a zero-fee model plus a probabilistic loss-rebate mechanic; Based for a potential “two-in-one” angle tied to a Hyperliquid-related token. The walkthrough also stresses risks: liquidation cascades on leverage, protocol and market uncertainty, the fact that many airdrops underperform (e.g., Orderly, LogX in the test), and that “farming” resembles buying locked exposure before prices are known. Use the step-by-step evaluation below to prioritize protocols, understand points math and FDV sensitivity, and avoid common pitfalls. Not financial advice—always do your own research and manage risk.
