Sentiment Token Airdrop Guide: How to Qualify for Potential Snapshot

Sentiment is a lending and borrowing protocol built on Arbitrum. It does not have a token, but the team mentioned on Discord that they did not rule it out. As such, if the airdrop is confirmed, early users of the protocol can potentially earn massive token rewards. In this article, we will explain what Sentiment is and what you can do to position yourself for the airdrop.

Sentiment Airdrop Step-by-step Guide

Here’s how to receive a potential Sentiment token airdrop:

  1. Connect Your Arbitrum Wallet to Sentiment
  2. Mint a Margin Wallet
  3. Deposit Assets on Your Account
  4. Swap Tokens
  5. Lend Out Tokens
  6. Borrow and Repay Tokens
  7. Use the ETH Wrapper Feature

See below for more details

What is Sentiment?

Sentiment is a liquidity protocol that enables undercollateralized borrowing and lending. This means that borrowers can create leveraged positions without the need for overcollateralization, which is the more common practice in DeFi. Despite providing capital efficiency and flexibility, the undercollateralized model is challenging in crypto due to the volatile nature of the market. In the event of a default, there is nothing to back the lenders’ fund.

Sentiment aims to solve this issue by assigning a proxy contract that holds the borrower’s collateral and borrowed assets. This means that the borrower never has custody of the loaned assets in their wallet, but they are allowed full control over deploying these assets, as long as it meets the requirements of the system’s risk measures.

Project Funding and Audits

In September 2022, Sentiment successfully raised $2.4 million in a seed funding round led by Archetype Ventures, with participation from Castle Island Ventures, Maxtriport Ventures and numerous angel investors.

Sentiment’s smart contract code has been reviewed and audited by Web3 security firms Arbitrary Execution and Sherlock. Additionally, the team is insuring the first $10 million of total value locked (TVL) on Sentiment in the case of any smart contract vulnerabilities.

Does Sentiment have a Token?

As of now, Sentiment does not have a token. However, the team mentioned in Discord that they have not ruled out the possibility of a token launch. Additionally, DefiLlama has listed Sentiment as one of the tokenless protocols that may have an airdrop.

How to Receive Potential Sentiment Token Airdrop?

The best chance to receive a potential Sentiment token airdrop is to interact with the protocol. On-chain activities are essential to be included in the snapshot for the airdrop. Here’s a step-by-step guide:

  1. Connect Your Arbitrum Wallet to Sentiment

    Go to and connect your Arbitrum wallet. If you have MetaMask, switch the network to Arbitrum.

  2. Mint a Margin Wallet

    Click “Mint A Margin Wallet” on the top right side of the screen. You will need some ETH to cover gas fees.

  3. Deposit Assets on Your Account

    Once you set up your wallet, you’ll see your account assets and debt on the main page dashboard. You can deposit some stablecoins, WBTC or ETH to begin using the protocol.

  4. Swap Tokens

    Once you deposited your assets, you can swap tokens at You can also select which protocol like Uniswap or Curve to use.

  5. Lend Out Tokens

    There are several liquidity pools at You can click “invest” to lend out your tokens for APR rewards.

  6. Borrow and Repay Tokens

    You can borrow and repay tokens at There is a health factor which shows the safety of your deposited assets against the borrowed assets and its underlying value.

  7. Use the ETH Wrapper Feature

    You can wrap some ETH or unwrap WETH at

Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Sentiment does not have a token, but the team mentioned on Discord that they did not rule it out.

Airdropped Token Allocation: There are no token distribution information yet.

Airdrop Difficulty: You will need some ETH on your Arbitrum wallet to cover gas fees. Other than that, the tasks are relatively straightforward.

Token Utility: Token utilities are unknown.

Token Lockup: There are no available tokenomics yet.

Likelihood of Airdrop
Airdropped Token Allocation
Airdrop Difficulty
Token Utility
Token Lockup
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Ronal is a Senior China Blockchain Correspondant who has been covering the Chinese blockchain industry since its inception. He has written extensively on the subject, and his work has been featured in some of the world’s leading publications. Ronal is an expert on the Chinese blockchain market and has a deep understanding of the technology and its potential applications.
sentiment-token-airdropSentiment has not yet issued a token, so the likelihood of an airdrop is uncertain, but the team has not ruled it out. Any potential airdrop may require having ETH on an Arbitrum wallet to cover gas fees, but the tasks themselves are relatively straightforward.