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Airdrop farming

Deliberately generating on-chain activity across protocols in the hope of qualifying for future token distributions.

Farmers transact, bridge and provide liquidity specifically to appear in future snapshots. It has become an industry, which is why new-protocol usage statistics are a poor proxy for genuine demand.

The economics are worse than they look. You pay gas, take real market risk on capital deployed, and face a binary outcome decided by criteria published afterwards. Many campaigns exclude farmed wallets entirely.

Example: 200 transactions averaging $3 of gas across six months is $600 spent for an uncertain claim, before counting the time and the impermanent-loss on capital parked in pools. Running many wallets to multiply the odds is sybil-attack behaviour and is routinely filtered out.

Related: airdrop, sybil-attack, testnet, token-unlock

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