MAK CapitalCrypto Desk
Archive/2026-09-26Airdrops

Airdrops Pack

Daily Airdrop Pack — Sep 26, 2026 (ET)

As-of: Sep 26, 2026 ~9:05 AM ET

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. Today's digest highlights the 32% announcement with High confidence via @TheDeFinvestor recap — aligns with official $VAR docs. Older “~8 days left” estimates from prior scans remain Rumor (not restated in this morning's digest). Fact: points continue into Q4 per docs; Fact: TGE window is Q4 2026 (no day). OTC point pricing is secondary-market rumor, not eligibility proof.

2) Fables — Robinhood Chain (Uniswap v4 hooks / tokenized stocks) | Credibility 80/100 | Speculative EV: Medium–High near window end (Speculative)

Official Points & Fees docs (/docs/points-and-rewards): programme 24 Aug 2026 02:00 UTC → 5 Oct 2026 02:00 UTC, 1,000,000,000 point ceiling; LPs earn daily points pro rata to eligible swap fees (deposit size/range matter only via fees; inactive/out-of-range earns nothing). Later weeks emit more points than earlier ones. Referral reserve 100,000,000 (10% bonus from reserve, not from referee). Separate weekly USDG creator-fee pots (announced so far include 5,000 USDG for the week of 28 Sep 2026). Fact: points programme ends 5 Oct 2026 02:00 UTC (~9 days from this pack). Fact: docs say points “are intended to inform a possible future token distribution” and are not a conversion promise. Unconfirmed: any same-day TGE — treat Oct 5 as points end only unless Fables re-confirms a launch.

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 (unchanged figure on docs at this pass). 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. Digest morning issue did not elevate Extended — keep as parallel perps points, not a new headline. Fake EXT claim phishing after Discord compromise remains a trap.

4) Reya (RCP) — Orderbook perps / ReyaChain | Credibility 70/100 (ongoing RCP) / 30/100 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. Prior non-official claim that Season 1 snapshots / Season 2 starts 2026-09-28 with ≥3% supply is still Rumor — no official reya.xyz / docs confirmation found in this pass; morning digest omitted it. Fact: RCP is live. Rumor: Sep 28 season/snapshot/3% (now ~2 days out if anyone still FOMO’s it).

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. Treat as ecosystem loyalty points unless Magma publishes distribution terms.

6) Axis Coordinates (Origin Vault) — Ethereum / USDx | Credibility 55/100 for holders / 25/100 for new deposits | Speculative EV: Low for new capital (Speculative)

Digest Med-confidence “Axis points / EDGE referral” maps to official Coordinates on Axis Origin Vault (docs.axis.to + app.axis.to/origin/EDGE). Fact: Season 1 deposit window was 29 Jul–5 Aug 2026, $100M cap, ~10 Coordinates/day + 2x/1.75x multipliers, 30-day hard lock, unlock cited 4 Sep 2026. App copy: deposits paused; window closed. Fact: Coordinates/referral UI still at app.axis.to/coordinates. Not Fact: EDGE as an open new-deposit farm today; EDGE is an invite path for a closed vault. No published Coordinates→token conversion ratio in docs reviewed. Prefer existing holders tracking Coordinates; do not treat as a fresh farm entry.

7) 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). $LIT already exists; prior product rewards ≠ a fresh genesis farm. Verify in-app Friday credit before sizing. Deprioritize vs Variational/Fables/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: short “days left” clocksNhttps://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 USDG80In-range LP on eligible markets; optional referrals (≥~$100 pos to issue code)LP capital + IL + gas; active range mgmtFact: pts end 5 Oct 2026 02:00 UTC. Token conversion UnconfirmedN (LP-only)https://www.fables.fi/docs/points-and-rewards · https://www.fables.fi/
ExtendedStarknet perpsPoints live; token TBD72Trade / LP / referrals per docsFees + leverage risk; weeklyNone official (cumul. as of 22 Sep 2026)Nhttps://docs.extended.exchange/extended-resources/points-program · https://app.extended.exchange/points
Reya RCPReya / ETH L2 perpsRCP weekly; Season 2 date rumor70 / 30 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://www.magmastaking.xyz/points
Axis CoordinatesEthereumOrigin Vault closed; Coordinates track55 / 25 newExisting ogUSDx/Coordinates; sUSDx for yield without Origin multipliersCapital already locked historically; new deposits closedFact: deposit window ended 5 Aug 2026; unlock 4 Sep 2026 cited on appNhttps://docs.axis.to/origin-vault/origin-vault.md · https://app.axis.to/origin/EDGE · https://app.axis.to/coordinates
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/retail

New this week / fading / traps & sybil

  • New / hot (digest): Variational 32% genesis restated as High-confidence airdrop narrative; tokenized-stocks / RH Chain meta still rising (Ansem) — farm Fables LP usage, not meme tickers. Creator-fee → X payout loops (UsePaid) are infra noise, not an airdrop.
  • Fading: Axis Origin Vault as a new deposit farm (window closed). Reya Sep 28 Season 2 chatter without official post. Pure Galxe/Zealy spam (digest intentionally filtered). Single-shill Base/RH Chain launches lacking multi-handle confirmation.
  • Not a farm: @0xQuit NFT rescue claims (nftsaresafu.xyz) — recovery window; revoke approvals first; not points eligibility.
  • Traps / sybil: Fake Robinhood / Pump claim contracts; Variational & Extended & Reya document wash/self-trade/multi-account cuts. Fables prohibits self-referral / controlled-wallet loops. Extended Discord → fake EXT claim trap. Polymarket “token claim” phishing — Help Center: no airdrop/TGE announced; rewards in pUSD only.
  • Do not treat as Fact: Variational “ends in N days”; Reya Season 2 3% / Sep 28; Fables TGE = Oct 5; Axis EDGE as open deposits.

Ignore (social-quest noise)

  • Galxe/Zealy-style points spam (digest filtered; still ignore unless a named protocol makes them the only gate — none verified today).
  • T-Rex / Startale / Brighter-style mission portals from prior packs unless newly gating.
  • @AirdropDet-only threads as eligibility proof.
  • Any Polymarket “POLY claim” link — https://help.polymarket.com/en/articles/13364250-does-polymarket-have-a-token
  • NFT rescue claim phishing clones of nftsaresafu.xyz — verify @0xQuit / official domain only if pursuing recovery.

WHAT COULD I BE WRONG ABOUT?

  • Digest is fresh (~1h) but thin on farms beyond Variational/Axis/NFT claims — serious farmers may be in private RFQs or names not repeated on X.
  • Variational eligibility/vesting beyond “proportional to points / unlocked at TGE” may still change; digest itself flags opacity.
  • Fables SPA docs can change without a static URL; always re-open /docs/points-and-rewards before sizing LP. Weekly USDG pots are discretionary announcements.
  • Extended cumulative figure may update after next Friday; “future token” language is deliberately non-committal.
  • Reya could still drop an official Season 2 post before/on Sep 28 — this pack treats absence as non-confirmation, not impossibility.
  • Axis may open a new Coordinates season or Ecosystem Vault points path not captured in Origin Vault docs; sUSDx ≠ Origin multipliers.
  • 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.

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, axis.to, magmastaking.xyz).
  • Sybil posture: Variational/Extended/Reya/Lighter/Fables all punish wash & multi-account farming — quality volume / real LP beats empty wallets.
  • Capital-time (research framing): (1) Variational = late/crowded Q4 race with official 32% genesis — size by fee drag + OTC reality. (2) Fables = cleanest Fact deadline (~9 days to Oct 5 02:00 UTC) plus discretionary USDG — IL/range management is the real cost. (3) Extended = parallel perps points, no token Fact. (4) Reya = maintain RCP if already in; do not FOMO Sep 28 rumor. (5) Axis = holders only; closed for new Origin deposits. (6) Magma = passive Monad bet. (7) Skip quest spam; skip Polymarket claim phishing; NFT rescue ≠ farm.
  • This week’s watch: Variational Friday distribution; Fables points clock + any TGE clarification; ignore non-official Reya season threads until @reya_xyz / docs post; RH Chain stock-token usage (Ansem narrative) as LP demand signal for Fables.

Notables for 9:30 brief (fold these)

  1. DIGEST_OK — As-of 2026-09-26 08:01 ET after browser warm (WebFetch CDN alone still served Sep 22 stale).
  2. Variational 32% restated High in morning digest; primary docs already said the same — crowded Q4 race.
  3. Fables: Official points end 5 Oct 2026 02:00 UTC re-confirmed on live /docs/points-and-rewards; USDG week of 28 Sep announced at 5,000.
  4. Axis / EDGE: Digest Med signal — Origin Vault deposit window closed; not a fresh entry farm.
  5. Reya Sep 28 Season 2: Still Rumor only — omitted from fresh digest.
  6. Deprioritize: Lighter new-genesis EV; Magma long-dated; quest spam; Polymarket claim phishing; NFT rescue as “airdrop.”
Sources / technical notes
  • DIGEST: https://makcapitaldaily.grok.me — As-of 2026-09-26 08:01 ET → DIGEST_OK (LIVE morning issue; browser-warmed). Automated HTTP/WebFetch may still serve stale SSR; browser As-of is authoritative.
  • Digest Airdrops/Watchlist used as signal only, then re-verified against official docs.
  • Primary docs: variational.io, fables.fi, extended.exchange, reya.xyz, axis.to, magmastaking.xyz / hydrogenlabs, lighter.xyz.