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Insightful Insiders Premium#1 - Underfarmed Airdrops to Frontrun the Horde

Insightful Insiders Premium#1 - Underfarmed Airdrops to Frontrun the Horde

How to calculate what's "underfarmed" along with some actionable examples

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Insightful
Jan 30, 2024
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Insightful Insiders Premium#1 - Underfarmed Airdrops to Frontrun the Horde
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Hello again, appreciate you taking a chance on me and checking out the paid portion of the newsletter.

My commitment to you in these premium newsletter series to have 2 of these per month

I am pretty busy these days managing my own farms, doing research, making free and paid content and managing and building my brand online so I don’t want to overpromise this early in the stage.

If I start to slip on this commitment I want you to poke and badger me to hold me to it.

Now what defines an “underfarmed” potential airdrop or protocol?

There isnt really a specific metric or criteria but is generally a composition of evaluating a few factors:

1/ Attention/Mindshare - If its being talked about by 13/15 of the largest airdrop content creators/influencers in the space with 50-100k+ followers each then its probably not under the radar

Ex. Solana was under the radar before the Jito airdrop

Cosmos eco/ TIA staking was under the radar before Dymension and Saga were announced

Manta (the L2) had no attention until New Paradigm launched and every influencer shilled it because they were gaining financial incentives from people using their ref link.

Generally if its not consensus yet then there is still an edge. The hard part is trying to find these areas and then having conviction in them and interacting with them before they become consensus because uncertainly = doubt.

I’m always trying to find the next “anti consensus” play and this is why you are probably paying for this newsletter.

Ex. I still feel like the Mantle ecosystem is still pretty under the radar there are a ton of incentives and airdrops coming and I’m the only one that I see talking about it.

I believe this will change in a few months time when MNT staking goes live and there are airdrops, incentive flywheels and narratives going in full force. People will then pile in to try and position for airdrops from the core ecosystem dapps.

2/ Time and capital cost - This is more dependent based on the person and its a balance/sliding scale. If your just starting out then you will probably have more time to spend than money and vice versa.

If its going to take a lot of grind to rank on the leaderboards then the airdrop better be pretty lucrative (Ex. Tensor)

If you have more time then you want to grind things that require little capital and are more “active farms” like Testnets, Galxe tasks, Perp Dexs (hyperliquid, LogX, Satori, Aevo, Orderly), Social campaigns, meme contests, daily “check in” tasks, content bounties, ect

If you have more capital then you want to leverage that to save yourself time and be in more passive or “LP and chill” farms like Ekubo, Ambient, Parcl, Eigenlayer, Nostra, Syncswap, Maverick, staking TIA/ATOM/OSMO in cosmos eco, Lending and borrowing stables on Marginfi and Kamino for the SOL eco, ect

3/ Onchain/wallet metrics - how competitive is your competition/ other wallets. Generally your goal is to be within the top 20% of all wallets

Ex. If you can LP $100 worth somewhere and get to the top 20% in points within a week this is “underfarmed” compared to if you needed to put in $1000 worth for 3+ months to achieve a similar ranking in another protocol. Of course the amount of funding behind a project and its back are an important metric to consider but not the only metric

Ok this is starting to get long lets get into some examples of what you can farm right now

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