Discover Everything You Need to Know About the ETHFI Airdrop

You probably know what this platform is, since you’re looking for its campaign. However, if you don’t, here’s a quick explanation. Ether.fi is a decentralized Ethereum staking protocol, which launched a series of ETHFI airdrops (referred to as “Seasons”) to distribute its governance token.

Below, you’ll find a detailed explanation of each Season (currently, there are 5). That said, you’ll also discover some great alternatives as well.

For instance, consider BitDegree’s Season 7 Airdrop, which has a Prize Pool of $30,000. In addition, I’ll also cover a not-so-traditional airdrop - Binance Megadrop.

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All Ether.fi Season Airdrops

On each Season, Ether.fi makes and builds adjustments based on lessons learned from the previous one, adapting to user feedback and changes in market dynamics. Hence, let’s take a look at all the airdrops ourselves.

Season 1

We’ll start with the 1st Season, so we can follow the improvements that were made more consistently. On the other hand, if you’re only interested in the Season 5 ETHFI airdrop, you’re welcome to skip through.

As you may know, airdrops are a mechanism by which blockchain-based projects distribute digital tokens.^[1] The Season 1 airdrop, for instance, distributed 7% of the total Ether.fi supply (around 67-70 million tokens) to the community. Over 100,000 addresses qualified. The average recipient received around 575 ETHFI, while the median reward was 175 (worth $875 at the time).

Notably, the smallest qualifying "minnow" accounts all received 175 tokens as a minimum reward floor. Meanwhile, the largest allocation (3.45M ETHFI) went to the Tron founder Justin Sun, who deposited 120K ETH (around $480M) just before the snapshot.

That said, to prevent immediate dumping by whales, Ether.fi imposed a 3-month vesting delay on large holders’ claims. Thanks to the Final Countdown bonus, an extra 7.7 million tokens were added to community rewards (without diluting whales).

If you wanted to qualify, you had to accumulate >1,000 loyalty points from staking. Equivalent to staking 1 ETH for 1 day, or 0.1 ETH for 10 days.

Key eligibility rules and bonuses included:

• Staking Activity. Addresses earned 1,000 points per ETH per day by staking. Over 1,000 points was the minimum threshold.
• Ether.Fan NFT Holders. Each Ether.fi Fan NFT holder got an extra 430 ETHFI tokens.
• Operation Solo Staker. Solo node operators in the Ether.fi program received 4,200 Ether.fi each.
• Badges & Referrals. Users who earned Ether.fi achievement badges or referred others received additional token boosts.
• Exclusions. Early Adopter Program (EAP) participants who did not migrate out of the EAP were excluded, as were users with <1,000 staking points. Points from only badges didn’t count.

Eligible users were able to claim their tokens via the official claim.ether.fi dApp starting March 18. The interface itself required connecting an Ethereum wallet to check eligibility and allocation.

When it comes to Season 1’s outcomes, the linear distribution model resulted in broad distribution favoring smaller stakers. In fact, the bottom 50% of wallets, by stake size, only contributed around 1.8% of total ETH staked, though they received 18% of the airdrop tokens. In comparison, the top 10% of whales, 88% of the total stake, received about 65%.

This skew toward smaller participants was by design, aiming to reward “loyalty over size” and mitigate Sybil exploits that plague tiered airdrops. However, some anomalies were noted. For instance, addresses with 0.1 ETH vs 1 ETH staked both got the 175 minimum, and some users observed addresses with vastly different point totals ending up with similar allocations.

Season 2

Moving on to the ETHFI airdrop Season 2. This event allocated 5.8% of the Ether.fi supply, around 58 million tokens. A bit less compared to the previous ETHFI airdrop. Though, it did have an extra 3-8 million Ether.fi top-up from the DAO treasury to boost small stakers’ rewards. To be more precise, the team explicitly added additional tokens for “die-hard, yet small stakers”, as a loyalty bonus.

In the ETHFI Season 2 airdrop, many qualifying small stakers received roughly 150 ETHFI tokens as a minimum reward, slightly lower than the 175 floor in Season 1.

For anyone interested in the eligibility criteria, here they are for the ETHFI Season 2 airdrop:

Small note regarding the last point. If you were holding an Ether.Fan NFT, your rank was instantly bumped to the 3rd level as a one-time perk.

Lastly, the claim process was pretty similar to Season 1. Users checked eligibility and claimed via the airdrop. Ether.fi page by connecting their wallet. You were able to claim your rewards on the Ethereum mainnet, and Ether.fi also enabled claiming on Layer-2 networks, Arbitrum and Base, via integrations.

As a result, this allowed users to claim and restake ETHFI on L2 for cheaper fees. The claim interface showed if a user was vested: large allocations were split into tranches with parts unlocked 0, 30, and 90 days after the claim start.

Overall, the main difference between the ETHFI Season 2 airdrop and the first one is that the former shifted the campaign strategy to reward sustained engagement. By raising the bar for points and disqualifying those who dumped their stake after the first Season, hoping to retain long-term users.

Season 3

In comparison to all the previous Seasons, the third one was by far the smallest one. In this airdrop, the rewards were only 2.7% of the total supply, around 27 million ETHFI. This represents Ether.fi’s final major airdrop from its initial token allocation. To be more specific, Seasons 1-3 together accounted for 15.5% of supply.

Now, because the pool was smaller and the criteria stricter, only the most active and loyal users qualified - a much smaller subset than prior Seasons. The team also set a rule that any user whose calculated reward would be less than 3 ETHFI was simply made ineligible, to avoid dust distributions.

Hence, the average Season 3 reward per user was higher than before, though exact statistics were not disclosed. In addition, virtually all recipients were long-term stakers deeply engaged with Ether.fi and its partners.

Moving over to eligibility criteria:

• Staking Continuity. Similar to Season 2, users who had withdrawn most of their ETH stake were not eligible unless they restaked during the new event. Withdrawing >95% of one’s position before the snapshot disqualified the user.
• Loyalty Point Threshold. The 150,000 point minimum remained in effect. However, points from all previous Seasons were carried over for users who stayed active, and new ways to earn boosted points were introduced.
• DeFi Participation. Ether.fi launched “Perks Passports”, a new system of bonus multipliers for engaging in various ecosystem activities. Users could complete specific DeFi actions, such as using Ether.fi Liquid Vaults, participating in partner protocols like Pendle, Karak, Zookeeper, Berachain, etc., to earn stamps that boost their loyalty points.
• Other Exclusions. All prior anti-Sybil, anti-cheating rules remained.

As you can see, Season 3 continued the trend of rewarding ongoing participation, with a strong focus on engagement with Ether.fi DeFi integrations.

That said, regarding the DeFi participation, it’s important to note that each perk event provided a multiplier from 0.1x up to 3x on points, and by accumulating multiple stamps, users could stack bonuses up to a 5x total boost on their loyalty points. The Passport system essentially gamified Season 3, which is proven to be a good method to engage users. A great example of this is BitDegree’s gamified Missions.

Finally, there’s the claiming process. It was handled through the same page as the previous 2 Seasons, although by this airdrop, the platform supported claims on multiple networks. Contracts were deployed on the Ethereum mainnet, Arbitrum, and Base for the distribution.

Users could choose their preferred network to claim, which helped reduce gas costs, especially if claiming smaller amounts on an L2.

The highlight of this Season was that it marked a pivot from simple staking rewards to a broader ecosystem engagement strategy. The introduction of Perks Passport and partner point boosts signaled that future airdrops would not purely be about holding eETH, but about being an active participant in the Ether.fi DeFi network.

Season 4

Unlike the one-time token allotments of Seasons 1-3, this one established a recurring reward pool of up to 2,000,000 ETHFI tokens per Season (every 4 months) for the foreseeable future. This equates to about 0.2% of supply.

Those Ether.fi rewards would be distributed based on loyalty points accumulated during that Season, similar to prior airdrops. Importantly, Ether.fi expanded the reward types beyond just ETHFI.

Participants could earn partner protocol and new LRT governance tokens as part of the rewards mix. LRT is a collaborative industry initiative to create a unified rewards token for staking protocols. By Season 4, Ether.fi was operating not only with ETH staking but also branching into other assets like eBTC and potentially eUSD.

The LRT token allows aggregated reward distribution across many liquid staking tokens (LRTs) via one token. In this Season, Ether.fi began distributing this reward to participants, which includes contributions from multiple staking protocols. Because of this, the process was simplified for users to claim a single asset that represents all their cross-protocol rewards.

So, this airdrop continued to use the loyalty point system as the basis for token allocation. It was still accrued at a base rate (now standardized to 10,000 points per 1 ETH staked per day). Boosts and multipliers from DeFi integrations remained part of the program - Ether.fi indicated it would still support point boosts for partner activities.

Many of the prior rules (anti-Sybil, minimum thresholds, etc.) persisted, but Season 4’s messaging was more about inclusivity and simplicity, given the program was now open-ended. Some noteworthy features are:

• Diamond Campaign and King Protocol. Ether.fi launches these projects as ongoing engagement campaigns. These were building on earlier ideas like StakeRank and Perks, but aligning them with continuous Seasons. For instance, the King Protocol introduced a staking bonus where users who stake ETHFI itself could earn a portion of protocol revenue.
• Loyalty Check-In Streak. This concept was mentioned by community members, implying that users maintaining a daily check-in or consistent staking streak might get recognized or rewarded in Season 4.
• Multi-Chain and Multi-Asset Support. By this airdrop, Ether.fi’s ecosystem had grown. weETH (their wrapped staked ETH token) was integrated on 15 chains. The platform also rolled out eBTC, which by early 2025 amassed $700M in staked BTC.

With Season 4 being continuous, there was no single “claim event” announced for ETHFI at the end of the airdrop as with prior rounds. Instead, the earned ETHFI and partner tokens were likely distributed or made claimable shortly after each 4-month cycle.

For example, the Season 5 proposal (we’ll be covering it after this sub-chapter) implies Season 4’s rewards had been accounted for by the end of January 2025. Essentially, this event transitioned the community from expecting a one-off airdrop to getting ongoing rewards every few months.

When compared with the previous Seasons, this one represented a turning point. Rather than finite airdrops purely to distribute the initial token allocation, Ether.fi shifted to a sustainable incentive program to drive long-term engagement. The mood became “stake and participate continuously, and you’ll continuously earn”.

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Season 5

Now, with this new Season 5 ETHFI airdrop, there has been a notable change. A proposal passed to allocate 10 million ETHFI tokens. This is a substantial increase from the 2M/season earlier.

The rationale is to accelerate growth and capture more market share in the face of competition. Key plans for Season 5 ETHFI airdrop include massive token incentives for driving adoption of Ether.fi core products. To be more specific, eETH, eBTC, and the upcoming eUSD. The company plans to co-launch campaigns with top DeFi partners to attract users.

This suggests a collaborative incentive program where users might earn both ETHFI and partner tokens, which is similar to Season 4 but on a bigger scale.

In addition, Ether.fi is devoting a chunk of rewards specifically to users of its Liquid Staking Vaults across various chains. This means if you provide liquidity or stake via Ether.fi vaults on, say Arbitrum, ZkSync, etc., you can earn extra ETHFI. The company even mentions new vaults on high-growth chains.

StakeRank also made a comeback. However, if you skipped straight to this chapter and didn’t read about the previous Seasons, you won’t know how it works. Therefore, let me give a quick reminder:

• StakeRank is a level system with 8 levels;
• Users advance 1 rank level every 240 hours of staking their assets with Ether.fi;
• Each rank level has a progressively higher loyalty points rate boost;

• Your staking effective balance needs to be above 0.1 eETH to continue to advance ranks;
• Users who participated in Season 4 start off at Rank 2;
• All eETH, weETH, eBTC, whether held or in DeFi positions, including liquid, will be treated the same for StakeRank.

As far as the eligibility is concerned, everything stayed pretty much the same. Here is a quick list of reasons why participants may be ineligible:

• Users with less than 150,000 loyalty points;
• No active eETH/weETH balance in the wallet or no active weETH balance in partner protocols at the date of snapshot;
• Exited within 5 days of the end of the current season;
• Wallets that are part of a known sanctioned list;

• Users who have actively been caught as sybils or attempting to manipulate the protocol;
• Users who are linked to on-chain scams, such as pinkdrainer;
• Users who were part of the EAP, short for Early Adopters Program, but still did not transition out of it;
• If you got nearly all of your points from badges, as opposed to staking.

People who attempt to manipulate the rules to game the system or exploit loopholes will also result in disqualification from any Season rewards, and all your points on all accounts will be removed.

Step-by-Step on How to Start Earning Loyalty Points

As history shows, one of the most crucial aspects of participating in the ETHFI airdrop is to collect at least a certain amount of loyalty points. Here is how you do that.

And that’s it. After completing these steps, you’ll gradually begin receiving loyalty points.

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Best Alternatives for ETHFI Airdrop

ETHFI airdrop is pretty great and immersive. However, you might become even more interested in these alternatives.

BitDegree’s Season 7 Airdrop

As I’ve mentioned at the beginning of this article, BitDegree is organizing its own Season 7 Airdrop with a $30,000 Prize Pool.

That said, before you can participate, you should know a few rules:

• Season end date is 04/30/2025;
• You need to collect 10,000 Bits during Season 7. Previously earned Bits don’t count;
• The more Bits you collect, the bigger your stake in the Prize Pool;
• For withdrawal, you’ll need Binance or Kraken wallet addresses.

If you’ve never interacted with BitDegree’s products, you’re probably wondering: “how do I earn those Bits?”. Well, there are multiple ways to do it. The most popular and profitable one is by playing the gamified Missions.

They consist of interactive rounds, including quizzes, social actions, site visits, video tasks, and more. Each Mission also provides a different number of Bits, and an important thing to note is that for each mistake you make, you’ll lose a certain amount of Bits from the total you could receive.

One more thing, from time to time, some Missions have separate Airdrops. For instance, you can earn prizes, such as USDC, hardware wallets, merchandise, or even more niche ones like tickets to an event.

Another way you can earn Bits is by referring friends. If you invite a person who stays active you and your friend both get 400 Bits each. Though, if that friend also completes at least 1 Mission, you will get an extra 800 Bits.

There are also Streaks that you grow by completing a minimum of 1 round per day. While your Streak increases, you also receive better Rewards, and on the 7th day, you get a special bonus.

Lastly, regarding the Season 7 airdrop, at the moment of writing, you can still participate and try to win a dYdX micro prize. There will be 3 winners who receive 100 USDC, 10 winners will get 50 USDC, and 20 winners will get 10 USDC. Although it will end on March 10, 2025, so hurry up if you still have time.

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Binance Megadrop

Binance Megadrop is not really the first thing you would think about when airdrops come to mind. It’s a bit of a non-traditional option, but hear me out.

Now, Binance Megadrop is a new token launch platform that blends Binance Simple Earn and the Binance Web3 Wallet to bring a fresh airdrop experience. It lets users access new projects early, even before they are officially listed on the exchange, redefining how rewards are earned and distributed.

With Megadrop, users can lock their BNB in Simple Earn products. By subscribing to a fixed-term product, you accumulate points based on the amount locked and the length of the subscription. A longer lock period leads to more points and higher rewards for active users.

In addition, Megadrop offers Web3 quests that help boost your score. These quests are designed to be simple and clear. By completing them in the Binance Web3 Wallet, you increase your reward multiplier and receive additional tokens with ease.

Everything is distributed based on a score system. You earn tokens proportional to your total score from locked BNB and completed Web3 quests. The more points you collect, the larger your share of the airdrop rewards when new tokens are released for every user.

That said, Megadrop combines ease of use with education and engagement. It aims to bring a new way of participating in token launches by encouraging users to learn about blockchain projects. This method makes the airdrop process more interactive and helps build a stronger crypto community overall.

Key Considerations

Scammers are everywhere, right? Especially so, when there’s a large-scale event happening, such as an airdrop.^[2] Hence, it’s crucial to know some key considerations before getting started:

• Always verify a project’s legitimacy. If its team or tokenomics seem suspicious, it could pose risks and lower the possible value or liquidity of any tokens you receive through an airdrop.
• Deadlines. Missing them might cost you valuable rewards or governance privileges within a project’s ecosystem, so mark important dates and stay informed about claim processes.
• Token distribution and vesting schedules. Large unclocks can spark sudden price swings, so knowing when tokens become tradable helps you plan your strategy and avoid unexpected market dips.

• Phishing scams. Only trust details from credible sources, and never share private keys or personal data with sites you don’t completely trust.
• Too good to be true. Scammers may dangle huge returns with minimal effort, so investigate thoroughly, remain cautious, and trust your instincts to avoid losing assets.
• Official forums or community chats. Collective knowledge helps you detect red flags, learn best practices, and seize opportunities more effectively.

There you have it. These are some of the most important points you should take into account. Always be careful and cautious before investing your time and money into something.

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Conclusions

The ETHFI airdrop has evolved remarkably from its experimental Season 1 to the more robust and dynamic Season 5. Each event has introduced new layers of complexity, from initial basic rewards to sophisticated, engagement-based distributions, while also continuously refining eligibility criteria and claim processes.

As Season 5 progresses, it sets the stage for even more innovative practices in the decentralized rewards space, making it a compelling subject for both users and industry watchers.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Allen D. W. E.: 'Crypto airdrops: An evolutionary approach';

2. Liu Y., Tsyvinski A., Wu X.: 'Common Risk Factors in Cryptocurrency'.