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Don't blindly trust airdrop promoters anymore. Besides gas fees, what other risks should you be cautious of when participating in airdrops?

1. Staking Airdrops
Staking airdrops are actually the most common types of airdrops we see, usually rewards provided by project teams for users who lock up their tokens.

Take the recent Zircuit staking event on Binance's web wallet as an example; the reward here is 500,000 USD divided by the number of participants.

Risk Warning: Besides the obviously high gas fees, the drop in 78150948774 📉 is also a significant risk factor. This current timeframe falls on the eve of the announcement of the U.S. election results.

Risk assets in the crypto world may face high volatility due to the elections, which is why Wall Street elites are cautious at this stage.

If ETH drops by 20% during this volatility, we are very likely to face a loss.
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2. DeFi Airdrops
Commonly used swaps, cross-chain bridges, liquidity staking, and many lending products are all DeFi airdrops; the rewards in DeFi often come from providing liquidity in exchange for interest rewards and airdrops.

Not long ago, the total TVL of the RDNT project was only 70 million, and 50 million was stolen by hackers. Additionally, many project Twitter accounts were hacked to spread false links, leading many users to fall victim to scams.

Risk Warning: High volatility may lead to liquidation risks; for example, in lending DeFi, there is a healthy ratio, and exceeding it may result in liquidation.

So what airdrops are you currently participating in? Have you encountered any pitfalls in airdrops? Feel free to share your experiences in the comments, do your own research.