Crypto Airdrops to Watch in July
Discover key insights on July’s most anticipated crypto airdrops from TachySwap, Kayen Protocol, Echelon Market, Rho Markets, and Zeta.
HIGHLIGHTS
TachySwap leverages Etherlink’s MEV protection for secure, efficient decentralized trading.
Kayen Protocol introduces new DeFi features to enhance sports fan token utility.
Echelon Market is set to expand DeFi on Aptos through strategic partnerships.
The cryptocurrency landscape is poised for growth this July, with significant airdrops from TachySwap, Kayen Protocol, Echelon Market, Rho Markets, and Zeta. These initiatives aim to increase visibility and trading activity by distributing free tokens to their communities.
TachySwap
TachySwap is an advanced decentralized exchange (DEX) on the Etherlink blockchain. It enables efficient token exchanges with low fees and fast transactions, ensuring a superior user experience. As a community-driven automated market maker (AMM), it currently has 2.96 ETH in total value locked.
Users can add liquidity to its pools and earn transaction fees, supporting a fair profit-sharing model. Etherlink’s MEV protection enhances trade security and integrity, fostering a reliable exchange environment.
CLICK HERE TO KNOW ABOUT TECHYSWAP
Kayen Protocol
Kayen Protocol, powered by Chiliz, is set to revolutionize the Sports Blockchain sector with its innovative DeFi Ecosystem. It enhances the utility of Fan Tokens, setting a new industry standard.
KayenSwap, the protocol’s Decentralized Exchange (DEX), is a Chiliz-native, community-focused platform. It provides a unique space for trading fan tokens, contributing to a vibrant ecosystem with each interaction.
Echelon Market
Echelon Market is transforming decentralized finance (DeFi) on the Aptos blockchain. This global lending platform improves liquidity and boosts yields. Supported by Aptos and Thala Labs, it utilizes Pyth Network for its operations.
Echelon has a strategic roadmap, including an airdrop in the third quarter of 2024, a mainnet launch, and a token generation event (TGE) in the second quarter of 2024. With a Total Value Locked (TVL) of $26.64 million, it is a significant player in the Aptos DeFi ecosystem.
Rho Market
Rho Markets has launched a Scroll-based lending protocol focusing on overcollateralized lending. Backed by the Scroll team, it offers lending services for mainstream assets like ETH, wBTC, and LRT, and allows users to stake RATE tokens for higher returns.
Rho Markets has introduced the Rho XP Loyalty Points (RXP) program, distributing RATE tokens to early adopters. RXP holders will receive Scroll tokens in the future, with these ERC-20 tokens allocated based on users’ contributions to lending pools and staking activities. The protocol currently holds a TVL of $25.45 million.
Zeta
Zeta is innovating in decentralized finance (DeFi) with its options trading solutions. It enables under-collateralized derivatives trading, appealing to both individual and institutional traders. A key feature is the ability to hedge against cryptocurrency market volatility and specific events.
Zeta rewards its early adopters by distributing 8% of its total ZEX token supply to those who accumulated at least 500 Z-Score points by June 7th. Additionally, 30% of ZEX tokens are allocated for ongoing trading incentives, distributed every 28 days based on participants’ Z-Score, ensuring continued engagement and benefits for active traders.
Conclusion
As the industry advances, crypto airdrops remain a strategic tool for enhancing project visibility and community engagement. Keep an eye on these five protocols as they introduce significant updates and opportunities in July.
