PopDEX
Airdrop (Retrodrop)

PopDEX deliberately avoids traditional points farming and volume rental, but this doesn't necessarily mean there will be no points or airdrop campaigns at all. Hence, there's still a reason to engage with the platform, aiming for the airdrop in the end.

To participate in the potential  PopDEX airdrop, you are to visit the website, connect your wallet, and acquire an invite code via the project's Discord or PopDEX crypto @popdex_ X account.

Then, you are to acquire $USDT on Arbitrum and deposit funds to the platform, even though the app operates on Morph, it accepts Arbitrum deposits. Once done, you are to pile up activity on the platform.

There are a few common strategies you can use to farm the potential PopDEX crypto airdrop:

• Active farming

Active farming is one of the oldest, almost ancient airdrop farming strategies. The core idea is simply to trade on the platform, expecting that the expenses on fees and PnL losses will be lower than the airdrop's worth in the end.

However, it requires a more strategic approach, as platforms usually downgrade rewards if they detect algorithmic, regular, short trades of approximately the same size.

Hence, we recommend this mostly if you're an active trader and the coins you regularly trade on CEXs are available on PopDEX perpetual DEX. This lets you pile up trading activity on the platform while keeping your volume natural, and it costs you almost nothing, since you'd pay the same fees trading on a CEX anyway.

On top of that, as PopDEX positions itself on robust market incentives, you're likely to qualify for one of them, as was the case with the first round of rewards: 500 $USDT for users who submitted testnet feedback, and 2,000 $USDT for Genesis Traders (traders with ≥10k $USDT cumulative volume received a guaranteed allocation).

• Passive farming

Passive farming, on the other hand, is a fresher and potentially more capital-efficient approach. Here, you open and hold positions of the same size but in opposite directions across PopDEX and any other perp DEX or CEX - Hyperliquid, Nado, Variational, Pacifica, etc., increasing your trading activity on the platform while farming funding and points on the other perp DEX as well.

The only risks are the funding rates, which may bring you losses if they don't turn in your favour, and liquidation if the market becomes too volatile. To balance this out, you can open cross positions of approximately the same size on two correlated assets (for example, short BTC and long ETH), and do exactly the opposite on the other exchange (long BTC and short ETH). This way, whenever the price moves, your liquidation price moves along with it. Still, check regularly whether there's enough margin to maintain the positions.

That said, we recommend combining this with active farming on PopDEX to qualify for the platform's potential reward campaigns, as was the case with the first rewards distribution tranche.

•  Referral links

Finally, you can invite friends and earn up to 20% of the fees they pay to the PopDEX (@popdex_) crypto project, while potentially increasing your airdrop share as well. You can occasionally share your link in the comments under the project's X posts or in Discord, where users often look for invite codes to sign up on the platform.

Good Luck! 🍀