2025 Airdrop Feast: 11 unissued coin savings projects grab billions in TVL, a hands-on guide to earning Alpha effortlessly!

Written by: Lawrence, Mars Finance

Introduction: A New Paradigm for Web3 Savings Narratives

In the cryptocurrency market of 2025, "saving money" is no longer an exclusive concept of traditional finance. By combining smart contracts with token economic models, users depositing idle assets into protocol pools serves not only as a financial means to combat inflation but also as a core strategy to capture potential airdrop benefits. This article organizes the current 11 popular saving protocols that have not yet issued tokens from dimensions such as TVL (Total Value Locked), user base, and protocol innovation, analyzing their underlying mechanisms and growth potential.

1. Stablecoin Protocol: Yield Enhancement and Risk Hedging

2. ​​Resolv Labs​​

Positioning: Ethereum ecosystem stablecoin yield aggregator

Mechanism: After users deposit stablecoins such as USDC/USDT, they can mint the protocol governance token USR and earn point rewards through staking USR, RLP (liquidity certificates), etc.

Data Highlights: TVL reached $420 million, covering 48,000 independent addresses, among which there are 6,873 $USR holders and 5,102 RLP stakers. Its tiered yield model allows users to choose staking strategies based on their risk preferences.

Innovation: The first "wstUSR" wrapped token, supporting the reuse of staked assets in cross-chain DeFi scenarios, with 952 addresses already deploying this strategy.

2. Level Protocol

Positioning: Ethereum-based stablecoin yield protocol

Mechanism: After users deposit USDC/USDT, profit-generating stablecoin lvlUSD is generated, which can further be used in scenarios such as lending and leveraged trading.

Data Highlights: lvlUSD circulating market value is 150 million USD, user base is 15,000, and TVL is concentrated in blue-chip lending protocols such as Aave and Morpho.

Risk Hedging: Reduce the depegging risk of a single stablecoin by diversifying underlying assets (USDC + USDT), with an annualized yield stable at 5% - 8%.

3. Noble XYZ

Positioning: Cosmos ecosystem stablecoin issuer

Mechanism: Users stake USDN (yield-bearing stablecoin) to the vault and capture future token allocation rights of the protocol through a points system.

Data Highlights: TVL of $64 million, 11,000 addresses participating in vault staking, points system linked to the duration and scale of staking.

Scalability: Plans to support cross-chain asset staking, and may collaborate with emerging public chain ecosystems such as Berachain in the future.

2. Cross-chain and Multi-chain Ecosystem: A New Battlefield for Liquidity Capture

3. BOB Protocol

Positioning: Bitcoin Layer 2 full-chain liquidity protocol

Mechanism: Supports deposits of BTC, ETH, and stablecoin derivatives, rewarding users for cross-chain liquidity contributions through "Fusion Points."

Data Highlights: TVL of $245 million, 552,000 addresses participating in points mining, setting a record for user scale in the Bitcoin L2 ecosystem. Its derivatives pool uses a zero slippage algorithm to reduce the loss of large asset exchanges.

Technical Narrative: As the first EVM-compatible protocol in Bitcoin L2, BOB may capitalize on the migration benefits of Ethereum DeFi users.

5. Infrared Finance

Location: Berachain ecosystem liquidity infrastructure

Mechanism: Users can deposit assets on the Berachain chain (such as iBERA) to earn iBGT points, which can be exchanged for governance tokens in the future.

Data Highlights: TVL reached $1.6 billion, with 12,000 unique addresses participating in staking, becoming the core hub of the Berachain PoL (Proof of Liquidity) ecosystem.

Airdrop Expectation: Referring to the airdrop model of similar protocol Celestia, early stakers may receive 10%-15% of the total token supply.

3. Re-staking and Yield Aggregation: Leveraged Yield Strategies

4. Fragmetric

Positioning: Solana ecosystem liquidity re-staking protocol

Mechanism: After users deposit SOL or LST (liquid staking tokens), fragSOL/fragJTO and other LRT (liquidity re-staking tokens) are generated, allowing them to earn F points by holding LRT.

Data Highlights: fragSOL circulation of 266,500 pieces (market cap approximately $50 million), with 34,000 addresses holding LRT. Its "wrapped LRT" feature (such as wfragSOL) can increase yield weighting by 30%.

Ecological Coordination: By collaborating with leverage protocols such as Loopscale, users can achieve a fixed annual return of 32% through circular staking.

7. Huma Finance

Location: Solana PayFi Network Yield Center

Mechanism: After users deposit USDC, it automatically matches on-chain yield strategies (such as lending and leveraged mining), and the yield portion is converted into point rewards.

Data Highlights: TVL of $81.74 million, 28,000 deposit addresses, average annualized return of 18% for the strategy pool. Its AI-driven yield rebalancing algorithm can dynamically optimize asset allocation.

4. Innovative Track: Integration of RWA and Derivatives

5. OpenEden

Positioning: RWA (Real World Assets) Yield Protocol

Mechanism: Users can deposit stablecoin LP pairs (such as DAI/USDC) to generate Bills points, which are linked to U.S. Treasury yields.

Data Highlights: TVL of $190 million, with 13,000 addresses participating, becoming the largest on-chain exposure to U.S. Treasury bonds. Its T-Bill certificates support secondary market trading, with liquidity depth superior to similar protocols.

9. Perena

Positioning: Solana native stablecoin facility

Mechanism: Users mint USD* (over-collateralized stablecoin) after depositing stablecoins, and earn dual rewards by providing liquidity for USD*.

Data Highlights: TVL of $24.2 million, 96,000 Swap addresses, and 22,000 USD* holders. Its dynamic collateralization rate model (minimum 110%) strikes a balance between risk and capital efficiency.

5. Long-tail ecological opportunities: The value niche of vertical public chains

6. MMT Finance

Positioning: Sui ecosystem DEX and yield aggregator

Mechanism: After users deposit LP tokens, the TVL and trading volume jointly determine the early reward weight.

Data highlights: TVL of $20 million, a single address can enter the top 13,500 by depositing just 30U, trading volume of 77U ranks 31,500, indicating significant early ecosystem dividends.

11. Aster DEX

Positioning: BNB Chain trading and savings protocol

Mechanism: Depositing USDT can mint USDF (protocol credit token), and holding USDF享受交易手续费分红与积分奖励.

Data Highlights: TVL of $300 million, a user base of 540,000, making it one of the fastest-growing DEXs on the BNB Chain. Its "points + dividends" dual model attracts a large number of low-frequency traders.

Risk Warning: Potential Challenges of Unlaunched Projects

Tokenomics Uncertainty: Most projects have not yet announced their token release rules, posing a risk of early participant rewards being diluted.

Protocol Security: Emerging protocol smart contracts that have not been audited for a long time need to be wary of a repeat of similar incidents like the 2024 Solana cross-chain bridge attack.

Regulatory Game: RWA-type protocols (such as OpenEden) may face compliance scrutiny regarding U.S. Treasury bonds, and attention should be paid to developments from the U.S. SEC.

Conclusion: The Alpha Code of Saving Strategies

From stablecoin yield enhancement to Bitcoin L2 liquidity mining, the innovation of Web3 deposit protocols has gone far beyond traditional savings. For ordinary users, it is an effective strategy to centrally configure 3-5 protocols with high TVL and low user base (such as Fragmetric and BOB Protocol), and continuously track changes in points rules, or capture airdrop dividends. Institutional players, on the other hand, can focus on RWA and cross-chain tracks, and influence the weight of token distribution through large-scale staking. As more protocols enter the coin issuance cycle, this "on-chain deposit race" may reshape the revenue distribution pattern of the crypto market.