MAK CapitalCrypto Desk
Archive/2026-09-25Airdrops

Airdrops Pack

Daily Airdrop Pack — Sep 25, 2026 (ET)

As-of: Sep 25, 2026 ~8:58 AM ET | Digest As-of: 2026-09-25 08:00 ET / DIGEST_OK.

Digest Airdrops/Watchlist used as signal only, then re-verified against official docs. Compensated with public/official sources below.

Top farms (3–7)

1) Variational Omni — Multi-asset perps | Credibility 88/100 | Speculative EV: High but crowded (Speculative)

Official Omni Points + published $VAR genesis: 32% of supply airdropped proportional to points, unlocked at TGE; TGE targeted Q4 2026. Points distribute every Friday 00:00 UTC for the prior week; docs say weekly distributions conclude no later than end of Q4 2026. Core actions: organic trading on Omni, reward-tier boosts, referrals (1 pt per 10 referred pts); early traders get +10%. Formula not public; inorganic activity can be modified. Digest/@DefiIgnas “~8 days left” is Rumor (estimate from Sep 22 scan) — not an official end date. Fact: points continue into Q4 per docs; Fact: TGE window is Q4 2026 (no day). OTC point pricing in digest is secondary-market rumor, not eligibility proof.

2) Fables — Robinhood Chain (Uniswap v4 hooks / tokenized stocks) | Credibility 78/100 | Speculative EV: Medium–High near window end (Speculative)

Official points programme (from Fables docs bundle): 24 Aug 2026 02:00 UTC → 5 Oct 2026 02:00 UTC, 1B point ceiling; LPs earn daily points pro rata to eligible swap fees (deposit size/range matter only via fees; out-of-range earns nothing). Separate weekly USDG creator rewards (fee-share pot; not points). Referral reserve 100M (10%-style bonus from reserve). Fact: points programme ends 5 Oct 2026 02:00 UTC. Rumor/Unconfirmed: TGE on that same day — docs explicitly say earlier posts named Oct 5 as TGE but documentation treats it as unconfirmed until re-confirmed on official channels. Airdrop/token conversion terms not published as binding.

3) Extended Exchange — Perps (Starknet/mainnet venue) | Credibility 72/100 | Speculative EV: Medium (Speculative)

Official Points Program: weekly distributions, ≤600,000 pts/week; as of 22 Sep 2026, 68,234,519 total distributed. Qualifying: trading, liquidity-related activity, referrals/affiliates (subject to anti-abuse). Docs state points may be considered in a future token distribution but no conversion ratio, date, or entitlement is confirmed. Core: real trading + LP/vault activity within ToS/jurisdiction; avoid wash/self-referral/multi-account abuse. Digest “snapshot not confirmed” remains true — no Fact deadline. Fake EXT claim phishing after Discord compromise remains a trap.

4) Reya (RCP) — Orderbook perps / ReyaChain | Credibility 70/100 (ongoing RCP) / 35/100 for “Season 2 Sep 28” rumor | Speculative EV: Medium (Speculative)

Official: Reya Chain Points (RCP) track trading, staking (e.g. RLP/srUSD path), and Signal; weekly distributions; basis for future airdrop(s). Allocation docs: TGE airdrop already contemplated historically; multiple subsequent airdrops timing/size decided by governance/Foundation. Sybil monitoring called out. Digest claim that Season 1 snapshots / Season 2 starts 2026-09-28 with ≥3% supply is Rumor (non-official thread; @reya_xyz did not confirm in-window). Fact: RCP is live and ongoing. Rumor: Sep 28 season/snapshot/3%.

5) Magma (gMON) — Monad liquid staking / DeFi | Credibility 65/100 | Speculative EV: Medium-low / long-dated (Speculative)

Official Season 1 points: stake MON→gMON, hold gMON, LP/lend/collateral with listed partners (multipliers 1x–4x; NFT boosts non-stacking). Track at magmastaking.xyz/points. No official Magma token airdrop/conversion published in docs reviewed. Core: sustained gMON staking + partner DeFi use; seasons re-evaluate partners. Treat as ecosystem loyalty points unless Magma publishes distribution terms.

6) Lighter — ETH ZK perps | Credibility 45/100 for new airdrop EV | Speculative EV: Low–uncertain (Speculative)

Retail docs still describe Season 2 (200k pts/week Fridays). Separate reporting/docs conflict on whether Season 2 already ended (Dec 2025 final-batch headlines vs live retail pages). $LIT already exists; Robinhood Wallet historically offered points→LIT conversion for eligible jurisdictions — that is product rewards, not a fresh genesis farm. Verify in-app Friday credit before sizing. Deprioritize vs Variational/Extended unless UI still pays.


Table

ProjectChainStatusCredibilityCore actionsCost/timeSnapshot/deadlineSocial quests?Sources
Variational OmniMulti (Omni perps)Points live → $VAR genesis88Organic volume/OI-style activity; tiers; referralsTrading fees + risk; ongoingFact: pts ≤ end Q4 2026; TGE Q4 2026 (no day). Rumor: “8 days left”Nhttps://docs.variational.io/omni/rewards/points · https://docs.variational.io/token/usdvar · https://help.variational.io/en/articles/14766791-points-on-omni
FablesRobinhood ChainPoints + weekly USDG78In-range LP on eligible markets; optional referrals ≥~$100 posLP capital + IL + gas; active range mgmtFact: pts end 5 Oct 2026 02:00 UTC. Unconfirmed: TGE that dayN (LP-only)https://www.fables.fi/ · Fables docs /docs points schedule (programme 24 Aug–5 Oct 2026)
ExtendedStarknet perpsPoints live; token TBD72Trade / LP / referrals per docsFees + leverage risk; weeklyNone officialNhttps://docs.extended.exchange/extended-resources/points-program · https://app.extended.exchange/points
Reya RCPReya / ETH L2 perpsRCP weekly; Season 2 date rumor70 / 35 rumorTrade; stake RLP path; SignalCapital + time; sybil riskRumor: 28 Sep 2026 season/snapPartial (Signal)https://docs.reya.xyz/reya-token/reya-chain-points-faqs · https://docs.reya.xyz/reya-token/allocation-and-release-schedule
MagmaMonadSeason 1 points65Stake/hold gMON; partner LP/lendMON opportunity costSeason-based; no drop dateNhttps://docs.hydrogenlabs.xyz/magma/points · https://blog.magmastaking.xyz/p/magma-points-program-is-live
LighterETH L2 ZKDocs conflict / LIT live45Organic UI/API trading if pts still creditFees + riskVerify Friday UI; no new genesis FactNhttps://docs.lighter.xyz/points-program · https://docs.lighter.xyz/points-program/retail

New this week / fading / traps & sybil

  • New / hot: Robinhood Chain stock-token meta (official “something coming” teaser + Fables/LONG–PONS rails) — farm usage/LP, not meme tickers. Variational OTC heat = crowded late farm signal.
  • Fading: MegaETH Terminal (points finalized / rewards path already running). Backpack BP TGE already done (Mar 2026). Fresh Pump claim-link raids (digest: zero watchlist confirmation).
  • Traps / sybil: Fake Robinhood / Pump claim contracts; Variational & Extended & Reya all document wash/self-trade/multi-account cuts. Digest security note: do not interact with compromised @policycase. Reya says sybil analytics before community airdrop. Extended Discord → fake EXT claim trap.
  • Do not treat as Fact: Variational “ends in ~8 days”; Reya Season 2 3% / Sep 28; Fables TGE = Oct 5 (docs: unconfirmed).

Ignore (social-quest noise)

  • T-Rex Chain persona/badge/quest portals (Galxe-like).
  • Startale “September Harvest” STAR Points missions (deposit/check-form style).
  • Brighter “Light Up” reserve-points campaigns (no deposit / referral theater).
  • Generic Galxe/Zealy Base/Solana social boards unless a named protocol makes them the only gate (none verified today).
  • @AirdropDet-only threads as eligibility proof.
  • Any Polymarket “POLY claim” link — Help Center: no airdrop/TGE announced; rewards in pUSD only (https://help.polymarket.com/en/articles/13364250-does-polymarket-have-a-token).

WHAT COULD I BE WRONG ABOUT?

  • Digest is post-warm (2026-09-25 08:00 ET); weekend CT may move Variational/Reya dates after this pass.
  • Variational official “see X article for details” may refine the Q4 end clock; secondary articles still misquote Q3 vs Q4 — live docs say Q4.
  • Fables SPA docs can change without a static URL; always re-open /docs programme schedule before sizing LP.
  • Extended/Reya “future token” language is deliberately non-committal — points can be worthless.
  • Magma points may never map 1:1 to a token; Monad meta can reprice opportunity cost faster than points.
  • Lighter Season 2 may already be dead despite retail docs still rendering — UI is the truth.
  • Serious farmers may already be rotated into names not in public search (private RFQs, waitlists).

Practical stack

  • Hygiene: Separate “farm” wallets; never reuse seed across high-sybil venues; revoke approvals after LP campaigns; prefer official domains only (variational.io, fables.fi, extended.exchange, reya.xyz / docs).
  • Sybil posture: Variational/Extended/Reya/Lighter all punish wash & multi-account farming — quality volume / real LP beats 50 empty wallets.
  • Capital-time (research framing): (1) If already in Variational, treat as late/crowded Q4 race, not a free lunch — size by fee drag + OTC reality. (2) Fables has a Fact ~10-day points window (to Oct 5 02:00 UTC) with cash-like USDG on the side — IL on stock tokens is the real cost. (3) Extended = parallel perps points with clearer weekly cap, no token Fact. (4) Reya = maintain RCP if already trading/staking; do not FOMO a Sep 28 rumor. (5) Magma = passive Monad bet, not this week’s deadline farm. (6) Skip quest spam; skip Polymarket claim phishing.
  • This week’s watch: Official Variational Friday distribution + any Fables TGE clarification; ignore non-official Reya season threads until @reya_xyz / docs post.

Notables for 9:30 brief (fold these)

  1. DIGEST_OK — As-of 2026-09-25 08:00 ET; docs-compensated.
  2. Variational: Primary docs now align on 32% genesis / Q4 TGE / points through ≤ end Q4 2026 (yesterday’s Q3-vs-secondary lag largely resolved on primary). Crowded; “8 days left” still Rumor.
  3. Fables (Robinhood Chain): New high-signal Fact window — points end 5 Oct 2026 02:00 UTC; TGE that day Unconfirmed.
  4. Reya Sep 28 Season 2 / ≥3%: Still Rumor only — 3 days out, no official confirm.
  5. Extended: Near cumulative total; fake claim phishing active; no token Fact.
  6. Deprioritize: Lighter new-genesis EV low/uncertain; Magma long-dated; quest spam / Polymarket claim phishing.

Never invent official requirements — verify live dashboards before acting.

Full pack also delivered to user chat ~8:58 AM ET from the daily routine (same research pass).