If I had to choose only one perps airdrop to farm right now, it would be Extended • 30% of its token supply is confirmed to be airdropped at TGE • It is built by an ex-Revolut team • offers deep liquidity for most assets • Active traders earn 25-50% APR on their trading collateral • its TGE will happen in Q2 • has a strong community, similar to Lighter and Hyperliquid in the early days • It's one of the fastest-growing perps DEXs by trading volume and TVL The most interesting thing, in my opinion, about Extended is its market-making vault design. When you deposit USDC into the Extended vault, you get vault shares (XVS tokens). XVS can then be used as collateral for trading and has a 5-15% base APR. But on top of this, XVS holders earn an extra yield (up to 50% APR) based on their weekly trading activity. This yield comes from Extended trading fees. So you're actually getting a high double-digit yield on the funds you use for trading, while also earning points at the same time. This seems like a great yield opportunity for stables, especially in the current market conditions. If you wish to farm Extended, you can use my link for a 10% points boost + lower fees: https://app.extended.exchange/join/DEFINVESTOR Both Hyperliquid and Lighter have done massive airdrops. I think there's a high chance that we'll continue to see big airdrops from perps DEXs. Note: I wasn't compensated by the Extended team to write this post. I am covering it only because I believe its airdrop is worth farming.(The DeFi Investor 🔎)