As the bull season draws near, I am actively positioning myself for it by dedicating my time to market research.

Recently, I was scrolling through DefiLlama and found 3 big DeFi projects yet to launch their tokens.

These under-the-radar projects have the potential to launch their tokens soon, possibly rewarding early users with airdrops.

Due to the saturation of crypto farmers, airdrops from many projects now offer negligible amounts.

This means your odds increase when you farm projects known to only a few.

In this post, I will show you 3 such tokenless projects in the Defi space.

3 Hidden Tokenless Defi Projects for Possible Airdrop

1. GammaSwap

The first one is GammaSwap!

GammaSwap is designed to increase liquidity in Automated Market Makers (AMMs).

It allows you to swap tokens and perform derivatives trades.

Also, you deposit coins and earn interest on them.

Interestingly, GammaSwap raised almost $2 million in the first seed round and has over $450k in TVL.

The protocol is hosted on the Arbitrum network, and the team has hinted that a token is underway via this tweet.

So, you can start interacting with GammaSwap to position for the airdrop.

Use all the platform’s features to boost your eligibility when they launch a token and decide to issue an airdrop.

However, Gammaswap has halted all activities temporarily for major developments on the platform to resume at an unknown date.

But stay alert so you can jump in once activities resume on Gammaswap.

2. Skydrome

Next on the list is Skydrome!

Skydrome is the first and fastest-growing DEX on the Scroll network.

It launched 3 days after Scroll launched its mainnet and rose from $0 to $1.38M in TVL in just 2 weeks.

Skydrome Protocol rewards participants who enable the sustainable growth of the protocol. 

They can swap tokens, provide liquidity, or explore other platform features.

The reward is $sky tokens, which cannot be traded until the SKY token officially launches.

Also, this untraded token is only given to those who provide liquidity to the platform.

Now, this is where it gets interesting.

Interacting with Skydrome positions you for two potential airdrops: its native token, SKY and that of the Scroll network.

So, you want to jump on this opportunity now.

3. Caviar

Finally, Caviar!

Caviar is an NFT platform where traders can buy and sell fractions of NFTs. 

This improves affordability and liquidity. 

Users can deposit NFTs into the protocol’s vaults and earn from fees paid by NFT traders.

To get a clearer view of how fractionalised NFTs work, let’s look at three friends – Mike, Jude, and Uche.

Mike has a bored APE NFT.

Meanwhile, Jude and Uche wish they had this Bored NFT but can’t afford it. 

If Mike deposits his NFT into a Caviar vault, then Uche and Jude can deposit any amount of token they have into the vault.

They will receive a Caviar fraction token as a receipt of part ownership for Mike’s NFT.

At the end day, everyone will get a share of the profit generated in the vault based on their contribution.

To better understand this, I suggest you read this post: Fractional NFT – How To Buy A Bored Ape Yacht Club NFT With Only $10

This is an excellent way to attract many traders to the platform.

And these traders will be benefactors if Caviar launches a native token and issues an airdrop.

If you want to be one of the lucky ones, simply visit Caviar to start using the platform.

Trade as many NFTs as possible, or deposit your NFT and earn trading fees.

Note: For now, Caviar is hosted on Ethereum mainnet, so gas fees for trading are high most of the time.

Caviar ends my list of the top 3 tokenless defi projects, so let’s conclude!

Conclusion

GammaSwap, Skydrome and Caviar are some of the hidden Defi gems to keep an eye on and I thought it wise to share them with you in this post.

While most people are busy hunting the congested popular airdrops, you can interact with hidden DeFi protocols that have a high chance of airdropping in the future.

All the same, nothing in crypto is guaranteed, so always do your research.

Now, if this is the first time you’re learning about farming, I suggest you join our Telegram group, where we host live DeFi classes weekly. 

Also, we recently launched a crypto trading school that will benefit you, especially as a newbie. Go to Afibie.com to register now.

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