What is Points Farming?
Points farming involves using DeFi protocols that award points for activity, with the expectation that these points will convert to valuable token airdrops. Protocols like EigenLayer, Linea, and many others use points to reward early users.
How It Works
- Identify protocols with points programs
- Understand the points criteria (deposits, trading, etc.)
- Participate in eligible activities
- Accumulate points over time
- Await conversion to tokens
Key Strategies
Maximizing Points: Focus on highest point-per-dollar activities Diversification: Spread across multiple programs Capital Efficiency: Use same capital across multiple programs (e.g., restaking LRTs)Risk Considerations
No Guarantee: Points may not convert to valuable tokens Opportunity Cost: Capital is locked earning points vs. Yield Criteria Changes: Programs can change rulesTrack points programs with Fensory.