- Who it suits
- People who understand impermanent loss and are comfortable holding both assets in a pair regardless of the airdrop. Not a category to enter for the drop alone.
- What it costs
- Substantial capital, plus impermanent loss, plus gas. The only category where you can follow every step correctly and still finish with less than you started.
How to take part
A blueprint rather than a guarantee. Following every step improves your chances; nothing makes a distribution certain.
Understand impermanent loss before depositing anything
If the two assets in your pair diverge in price, you end up with less value than simply holding them. This is a mechanical outcome, not a risk that careful selection avoids.
Prefer correlated pairs while learning
Stablecoin pairs and pairs of closely related assets experience far less divergence, so impermanent loss is much smaller.
Check whether the pool is actually incentivised
Many protocols reward only specific pools. Supplying an unincentivised pool earns fees but no points toward any distribution.
Account for the fees you earn
Trading fees are real income and partly offset impermanent loss. They belong in the calculation.
Watch for concentrated liquidity ranges
On newer AMMs, liquidity supplied outside the active price range earns nothing at all until price returns to it.
Verify the pool contract
Fake pools with familiar names are a persistent problem. Reach the pool through the protocol's own interface.
What this has paid historically
Figures below are from the distributions named, on the dates named. They describe what happened once and are not a forecast. Most campaigns in every category pay nothing at all.
The general pattern
LP-weighted distributions typically reward both size and duration, so a smaller position held across the whole period often scores better than a large one deposited late. Because outcomes depend on the specific pair, the period held and price movement throughout, published averages for this category are close to meaningless.
Source: General patternCommon mistakes
- Depositing into a volatile pair without understanding impermanent loss.
- Chasing a headline APY that is mostly token emissions, which fall as more capital arrives.
- Ignoring that concentrated liquidity out of range earns nothing.
- Supplying capital that is needed elsewhere. Withdrawing early usually forfeits duration weighting.
Finding current campaigns
We publish campaigns of this type to our Telegram channel and X profile as they open, with the entry requirements and deadlines stated plainly. Anything we have not posted, we have not checked.
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