Exponent

Ongoing
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Exponent Finance Airdrop Details

The lead live opportunity is the onycSOL pre-deposit vault, a managed SOL strategy paying $20,000 in monthly SOL incentives and 4x OnRe Points. It carries SOL price exposure and leverage, so treat it as an investment position rather than free farming. Other incentivized actions across Strategy Vaults, Liquidity Pools, Limit Orders and Tranching Markets are listed in the Exponent Rewards Hub.

The $200K+ v2 launch campaign from May 2026 was a 30-day round and has ended. An XPN token airdrop has not been confirmed.

How to Farm Exponent Rewards

Step 1: Connect Your Wallet

Head to the Exponent Rewards Hub and connect a Solana wallet such as Phantom, Solflare, or Backpack. If you need funds, buy SOL or USDC on Binance and bridge to Solana using the bridge widget below.

Bridge funds

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Step 2: Check What Is Live in the Rewards Hub

The Rewards Hub lists every campaign with its rewards and estimated APY. Switch to the Live tab and filter by Strategy Vaults, Liquidity Pools, Limit Orders or Tranching Markets to see which actions are incentivized today. The Upcoming and Ended tabs show what is next and what has already closed.

Step 3: Deposit SOL into onycSOL

The lead live opportunity is the onycSOL strategy vault, which pays $20,000 in monthly SOL incentives and 4x OnRe Points. Review the allocation on the deposit page, then deposit SOL and keep a little aside for fees. Read the risks below before sizing your deposit.

Step 4: Add Other Live Campaigns

If the Rewards Hub shows other live campaigns, you can join them from the Trade, Liquidity or Earn pages: trade fixed or variable yield, supply liquidity to a pool, or deploy another Strategy Vault. Each campaign lists its own reward pool and terms.

Step 5: Track Your Positions

Check your positions regularly, especially as markets approach maturity and once onycSOL moves past its pre-deposit phase. Rewards follow real activity, so a position you close early stops counting.

onycSOL: How It Works and Key Risks

onycSOL is a managed SOL vault. Treat it as a leveraged position with SOL price exposure, since the incentives are paid for taking real strategy risk.

Deposited SOL goes into an LST basket (JitoSOL, fwdSOL, hSOL). For the first two weeks it only earns staking yield while launch rewards accrue. After that, the vault borrows USDC and USDG against the LSTs on Kamino and deploys them into OnRe lending, srONyc and PT-ONyc. Every position is visible on the deposit page.

  • SOL price: the position’s dollar value moves with SOL.
  • Liquidation and depeg: a sharp SOL drop or an LST depeg can push the Kamino loan toward liquidation.
  • RWA and contract risk: returns depend on ONyc, and the strategy stacks Exponent, Kamino, OnRe and LST contracts.
  • Diluted rewards: the $20K pool is shared by all depositors, and OnRe Points have no announced value.

Past Round: v2 Launch Campaign

Exponent v2 went live on May 29, 2026 with a $200,000+ rewards campaign for launch participants. It ran for 30 days across the new markets, liquidity pools and Strategy Vaults, and closed around the end of June 2026. New campaigns now go through the Rewards Hub.

Conclusion

Exponent’s $200K v2 launch round is over, and the live action has moved to the Rewards Hub. The main pick there is onycSOL, which pays $20K in monthly SOL incentives and 4x OnRe Points in exchange for SOL price exposure and a leveraged RWA strategy, so size it like any other investment. Activity across Exponent could also matter if the unconfirmed XPN token ever rewards early users.

What is Exponent Finance?

Exponent Finance is a yield exchange protocol built on Solana that specializes in fixed-rate and leveraged yield farming. The protocol allows users to exchange their productive yield assets, such as Jito’s VRTs, lending positions, and other yield-bearing tokens, for either a fixed return or amplified exposure to their yield. This creates new opportunities for Solana DeFi users to optimize their yield strategies regardless of market conditions.

The project has raised $2.1 million in funding led by Rockaway X, with participation from notable investors including Solana Ventures, Cherry Ventures Crypto, Mechanism Capital, Robot Ventures, and various ecosystem angels. Exponent recently launched on Solana mainnet after winning the Colosseum hackathon, bringing their innovative yield solutions to the broader Solana ecosystem.

Want more airdrops like Exponent? Discover Solana ecosystem airdrops →

Funding

$2.1M

Difficulty

Beginner

Cost to Farm

Medium
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Overview