We all know the hype is only beginning the for this altseason and the underlining narrative is DeFi. We are in the calm period right before the real fireworks begin in a couple months. Many were lucky to see money fall from the sky with the Uniswap airdrop as they gave free UNI tokens to those that used the exchange. We believe there may another exchange gearing up for a their own token launch and could be planning an airdrop as well. If you like free money, then you are going to want to hear this.
The Uniswap Backstory
Before we jump into it, here is a quick backstory. Uniswap started off by building an exceptional product. They launched a decentralized exchange in which anyone(the coin creator or a trader) can list a coin and begin executing trades in a fairly easy to use UI. A year or so later the Uniswap exchange is busy with trading actually more volume than Coinbase, a a very large exchange in the U.S.
Thereafter, the Uniswap exchange perform an airdrop of their new UNI token. They gave 400 UNI to every wallet that had traded on the Uniswap exchange. At one point, the UNI token was worth $8.40, which 400 tokens amounted to $3,360 for FREE!
We believe this next exchange could very well complete an airddrop for those that use their exchange.
The Exchange
So what could be a DeFi exchange that has a live product and does not have a coin yet?? The dYdX exchange is primed for such an offering. This is a decentralized exchange exactly like Uniswap and focuses on derivatives built on smart contracts. So it is existing DeFi infrastructure that does not have a token, yet. The dYdX uses borrowing and lending pools to power its exchange exactly how Uniswap uses liquidity provider pools.
The Clues
So, is it time for free money again? 
In a recent interview with CEO of the dYdX exchange, Antonio Juliano was asked if dYdX would have a token. His response was quite positive that the exchange would soon create one. Juliano stated,
“Certainly we’re paying attention to everything that is going on in the DeFi space. Tokens we’ve seen be really valuable both in terms of spurring a lot of growth for platforms. Well of course, we want to grow too so that would be super positive for us. Another thing that I think is really impactful about tokens is how much more power and say they give to the community for the direction of the project which I think is a really positive thing as well. I think it would really benefit dYdX.” He went on to say they are seriously considering it.
In Conclusion
Will this Exchange be the next Uniswap Airdrop? Its looking like a yes. That said, you may want to consider putting in for a trade or 2 on the dYdX exchange in preparation for an upcoming airdrop. This could equate to a good amount of free money in the near future.
