This week’s airdrop recap:
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Airdrop Claims 🪂:
Multipli ($MULT) — Community Sale Ends Aug 24
RWA/yield protocol backed by Pantera and Sequoia ($21.5M raised). ORB holders now choose between buying $MULT at a discounted $100M FDV and vesting rewards for free over 4 years (with a 1-year cliff), plus a separate Day-1 airdrop. Testnet tORBs holders can buy up to $5,000 at the same preferred FDV.
Check allocation and choose at the official claim portal before August 24.
Official link: claim.multipli.fi/
⚠️ Vesting locks rewards for up to 4 years. FDV assumptions carry valuation risk. Allocation depends on prior farming activity. Only use official Multipli links.
⚠️DISCLAIMER NOTICE⚠️ A note before the next section:
New protocols often carry the most attractive airdrop odds, early TVL, thin points competition, and generous multipliers. But that same immaturity is exactly what makes them risky.
Smart-contract exploits, depegs, insolvent yield strategies, and outright project failure happen disproportionately in a protocol’s first 3–6 months (we’ve seen it play out with Dango and others in this very letter). Nothing here has a multi-year track record.
Treat every entry below as capital-at-risk, not “free points”. Size positions like you could lose them entirely, and never deposit more than you’re fully prepared to write off.
Airdrop News/Updates &
Hylo — XP Boost Ended, Season 1 Ongoing
Solana protocol offering liquidation-resistant leveraged tokens (xSOL/xBTC, 2-4x exposure with no funding fees via delta-neutral design) plus a stablecoin suite. eHYUSD is the standout — a fully delta-neutral, yield-bearing stablecoin that earns yield from every Hylo-leveraged token, currently at ~8.3% APY. Backed by Robot Ventures, Colosseum, and Solana Ventures.
Season 1 XP is live with no fixed end date. Base rates: xSOL/xBTC earn 20 XP per $ per day (highest), hyUSD and hyloSOL+ earn 5 XP, eHYUSD and hyloSOL earn 1 XP. Crowns from leveling up give permanent multipliers, and referrals earn 10% of referee XP plus a 5% boost for the new user. The recent eHYUSD Genesis Boost Event (up to 25% extra XP) has now ended — farming reverts to base rates plus any remaining partner multipliers (Kamino, Exponent, Loopscale, etc., with some rolling over until ~Aug 24).
Track everything at hylo.so
⚠️ Delta-neutral design reduces but does not eliminate risk — leveraged tokens still carry underlying market exposure. No confirmed tokenomics or XP conversion rate; TGE and airdrop remain unannounced. eHYUSD yield is variable. Opportunity cost applies to capital locked in positions for the “capital + time” farming model.
Lighter ($LIT) on Robinhood Chain — New Points Program Live
Lighter, the zk-rollup perps engine now powering Robinhood Chain/Wallet, launched a dedicated points program August 10 for the Robinhood deployment. Points accrue in real time from eligible perps volume, with weekly drops starting ~August 21. Trading through Robinhood Wallet(mobile app) gets a 2x multiplier vs 1x on the standard Lighter web app. Points convert into $LIT from a dedicated ~$11M pool allocated specifically for the Robinhood community.
This is post-TGE incentive farming, not a pre-token program — $LIT already launched December 30, 2025, with Seasons 1 & 2 having already distributed a 25% supply airdrop. Set up a Robinhood Wallet for the 2x multiplier and deposit USDG to trade perps on the Lighter instance.
Some farmers are running hedged strategies (long on Lighter, short elsewhere) to generate points while minimizing directional exposure.
⚠️ Standard perp leverage and liquidation risk applies. Points-to-$LIT conversion rate and pool distribution rules may evolve. Geo-restrictions typical of Robinhood products apply. Hedged multi-venue strategies carry basis risk and added costs. $LIT itself carries normal token price volatility. Genuine volume is prioritized — wash trading and self-dealing are likely filtered.
New Opportunities:
RISEx — Season 1: Ignite Points Live
Next-gen spot and perps DEX on RISE Chain, a high-performance L2 for real-time trading with a fully on-chain order book, backed by Galaxy Ventures with support from Vitalik Buterin and Stani Kulechov. Already processed billions in volume during early access/beta.
Season 1: Ignite distributes 200,000 RISE Points weekly (Tuesdays) — Week 2 saw ~200k across ~5,889 accounts. Weightings change weekly to deter gaming, factoring in volume, fees, open interest hold time, and trading quality rather than pure spam. Referrers earn 10% of the points their referred users earn. Early Season 0 traders already got retroactive points plus ongoing Genesis Pool bonuses.
Track at rise.trade.
⚠️ No token or TGE confirmed — points are explicitly framed as a path toward potential future distribution, nothing guaranteed. Weekly scoring changes mean pure volume farming can underperform if the algorithm favors hold time or fee quality. Standard perp leverage risk. New L2 smart-contract risk. Competition for the fixed weekly pool grows as more users join.
Today’s News Headlines:
- Maya Protocol exploited for $1.7M
- Arthur Hayes launches AI payment project
- Kaito launches onchain social layer Pulse
- Pendle upgrades PT looping functionality
- Hyperliquid launches redesigned website
- Superstate USTB goes live on Kamino
- Osero launches simplified stablecoin savings
NEW Promising Airdrops
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