In a recent tweet, DeFi expert Ignas shared his latest blog post titled "10 Airdrops to Farm Right Now," emphasizing that while airdrops might seem passé, the current quieter market means less dilution and potentially bigger rewards for those who stay active. As we head into a potentially bearish September 2025, this is prime time to dive in and boost your allocations. Ignas, known for his sharp insights in the DeFi space, lists protocols that aren't just airdrop plays but solid products worth using. Let's break down his top picks, with simple explanations on what they are, how to get involved, and any caveats.

1. Based

Based is a user-friendly trading app and wallet built on top of Hyperliquid, offering mobile, desktop, and even Telegram integrations. It lets you trade perpetual futures (perps) and spot markets, and soon you'll be able to spend and earn points via a Visa card in the US and EU. Backed by top VCs like Hashed and Delphi, it's designed for seamless trading. The points you earn here could lead to a future $BASED token airdrop, and farming through Based gives you 4x the potential compared to Hyperliquid alone.

To farm: Jump in by trading perps or spot, and keep an eye out for the card launch. Use it as your go-to app for Hyperliquid trades— the desktop version is 30% faster. Join trading competitions too, with current prizes at $20k. Start via this link. Just note the trading fees are slightly higher at 0.025% than direct Hyperliquid.

2. Liminal

If you're holding stablecoins like USDC and want steady yields without market bets, Liminal offers delta-neutral vaults on Hyperliquid. This means you can earn from funding rate spreads while staying neutral on price movements—perfect for farming potential $HYPE and Liminal airdrops without directional risk.

To farm: Bridge at least 500 USDC to Hyperliquid, deposit into their vaults, and let it run. Yields are around 9.5% or more, sustainable even without a token. Get started here. Keep in mind, it's not entirely hands-off; negative funding rates or extreme price wicks could impact your position.

3. Legion

Legion is evolving from ICO fundraising to a broader platform for startup equity, private credit, and intellectual property on blockchain rails. They've raised $5M from big investors and now offer OTC deals like OpenAI equity. A token launch seems likely as a way to reward users.

To farm: Sign up, complete KYC (yes, it's required to cut down on bots), link your socials and wallets to boost your score, and join token sales. DYOR before buying anything. Begin here.

4. Fogo

Fogo is a Layer 1 blockchain using Solana's Virtual Machine but with the Firedancer client for super-fast sub-second blocks, targeting high-frequency trading. Their public testnet is live, with mainnet on the horizon. With $13.5M raised, it's an early-stage play with low competition.

To farm: Dive into the testnet activities—it's straightforward and could yield big rewards. Check out the guide here.

5. Backpack

Backpack is a centralized exchange (CEX) on Solana, snapping up FTX's EU arm for better compliance. It's got its own DeFi wallet and feels under-farmed compared to other Solana projects, meaning less dilution for points earners. They're in Season 2 of their points program.

To farm: Trade spot (double points) or futures, deposit fiat, and get KYC'd. Mad Lads NFT holders get VIP perks automatically. Join via this link.

6. Axiom

Axiom is a high-revenue project (over $1M daily fees) without a token yet, backed by Y Combinator. It's great for swapping Solana memecoins, trading on Hyperliquid (with 2x airdrop potential), and earning yields on MarginFi. Strong product-market fit suggests a token is coming.

To farm: Use it for memecoin swaps instead of other DEXs. Points are based on volume and your level—higher activity means more. Start here.

7. Polymarket

Polymarket is a leading prediction market where you bet on real-world events. Ignas calls it one of the best airdrop bets, especially with competition from Limitless and Myriad heating up the space.

To farm: Make small, consistent trades weekly to stay active and qualify for potential rewards.

8. Limitless

Built on Base, Limitless runs prediction and attestation markets with a gamified twist—hourly markets keep things exciting. Their first Points Season runs from July 1 to September 22, 2025.

To farm: Hit at least $200 in volume, provide liquidity, and climb weekly leaderboards for tiers from Bronze to Diamond. Join here.

9. Myriad

Myriad is a prediction market on Abstract, unique for its Flash Markets embedded in news sites, blogs, or X posts. You farm both Abstract XP and Myriad points.

To farm: Place trades and create your own markets to rack up points.

10. Kinetiq

Kinetiq is on Hyperliquid's EVM Layer 1. Stake your HYPE for kHYPE, then deposit into their Earn module for 3% APY while farming other airdrops.

To farm: Stake HYPE and deposit kHYPE into Earn. Get going here.

Ignas wraps up by noting these aren't just farms—they're useful tools in DeFi. With the market cooling, now's the time to engage genuinely, as protocols reward real users over bots. Always DYOR, manage risks like smart contract bugs or volatility, and remember this isn't financial advice. For more on meme tokens and how they intersect with these DeFi plays (think Solana memecoins on Axiom), keep tabs on Meme Insider. What's your top pick from this list?