Today the three of us are discussing all things Dragonfly’s State of Airdrops Report 2025, Airdrop mechanics, incentives, regulations, and more! 

We discuss:

• If Airdrops are still relevant in 2025
• The US government's evolving stance on Airdrops
• Highlights from Dragonfly’s State of Airdrops Report
• The mechanics of unclaimed Airdrops
• Legal limitations on claiming
• Regulatory uncertainty and protocol costs
• How effective Airdrops are for user growth and retention
• Comparing Web3 and Web2 liquidity unlocks
• Designing Airdrop incentives
• Exploring new governance solutions

And much more—enjoy!

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Timestamps:
 (00:00) Introduction
 (01:08) Why focus on Airdrops in 2025?
 (05:45) What’s the US gov position on Airdrops?
 (13:03) Dragonfly’s State of Airdrops Report 2025
 (26:41) Unclaimed Airdrop mechanics
 (34:48) Airdrop claim limitations
 (38:34) Cost of regulatory uncertainty
 (41:13) Airdrop effectiveness for protocols
 (55:03) Web3 vs Web2 liquidity unlocks
 (1:01:37) Airdrop incentives
 (1:10:42) Governance solutions
 (1:12:25) Outro
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Content links:
Dragonfly’s State of Airdrops Report 2025: https://bit.ly/41Y3Tf6
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby_ @0xBoxer @sui414.

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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.