Four Perp Hidden Gems Projects with Airdrop
Full review and how to get free tokens
Found 4 projects in the perp space that don't have a token or have some cool liquidity mining programs going on. All four are considered Hidden Gems by Token Metrics – not the absolute truth, but it's always cool when the analyses align.
Just a quick reminder, though – no matter how promising and intriguing these platforms may seem, we're still talking about something experimental and kinda risky. If you're gonna dive in, do it with a separate stash and wallet to keep those risks in check.
PARCL - (https://parcl.co) This platform lets you trade real estate assets with leverage (long/short). It uses indices from various markets, and the value updates over time to determine the profit of your open position.
Use case: You can use it for both trading and providing liquidity. Cool Stuff: Love the focus on real estate trading, and it's backed by a solid group of investors, including Coinbase.
Tokens and Airdrop: No native token yet, but they just launched a points program. Check it out (https://parcl.co/blog/coming-soon-parcl-points…).
USE THIS CODE for 5% bonus on points: defitalks
DRIFT PROTOCOL - (https://drift.trade)
This one's a spot and perpetual trading platform on Solana. Riding the Solana hype wave, and it's growing fast.
Main Idea: Get leveraged exposure to any asset and pair. No order book for liquidity; it uses deposited liquidity – feels like a mix of Mango Markets and GMX. Haven't tried it myself, so no direct feedback yet.
Tokens and Airdrop: No token here either, but rumor has it they might join Solana's airdrop season. No official word on when or how to qualify. Best bet – interact with the platform, join social campaigns, build a Discord community, and follow them on Twitter.
EQUATION - (https://equation.org) - check below for a BONUS
Think of it as an evolved version of GMX. It's not just your regular trading platform with up to 200x leverage; it lets you provide leverage liquidity (50x), boosting capital efficiency.
AMM Model: They use a BRB AMM model, dynamically setting prices based on the index price (oracle) and traders' open L/S positions. Unique funding rate determination too – it's not the interest on borrowed liquidity, more like what you find on CEX or DEX order books.
Tokens and Airdrop: This one has a token and a killer liquidity mining program. Currently, APR ranges from 400% to 10,000%. But here's the catch – to get all your tokens, you gotta stake 'em for a year. Personally, I'm staking them; it's a bet to diversify my perp platform exposure, especially with Equation's MCap at 1M and FdV under 10M, but it's a matter of strategies and choices.
Special Bonus: Until January 31st, enjoy 0% fees on BTC and ETH (funding depends on whether you're L/S). Only catch – use a referral link. Here's mine: https://equation.trade/referrals/traders?code=defitalks
HYPERLIQYID
It's like DYDX but on another level. Built from scratch in Rust with a PoS system similar to Cosmos. Clean interface, up to 50x leverage on around 80 pairs, including an NFT Index.
Tokens and Airdrop: No token or blockchain token yet, but it's coming soon. There's a points system to qualify.
https://twitter.com/HyperliquidX/status/1719149038858317863
Haven't used it myself, so no referral bonuses for now, but I might test it out in the coming weeks. You can even use Metamask as your wallet. Stay cool and trade wisely!
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