xStocks

xStocks is a tokenized equities platform built on Solana that enables users to trade more than 75 U.S. stocks and ETFs on-chain as well as on centralized exchanges. Each asset, such as $SPYx, is fully backed by traditional securities and accessible around the clock without requiring a brokerage account. Kraken acquired the platform in December 2025, adding institutional credibility and exchange-level distribution. The parent company, Backed.fi, has raised a total of $9.5M across two funding rounds. While xStocks has not confirmed a native token, the project runs an active xPoints Program that explicitly states participation at the end of the season "matters," strongly hinting at a future distribution event tied to accumulated points.

How to Participate in the xStocks Airdrop

The xPoints season is live. The strategy below covers all known point-earning activities and is designed for sustained engagement rather than a one-time interaction.

1. Connect your wallet and lock in the early-bird boost. Visit the xStocks Points page and link your Solana wallet. Doing this now secures a permanent 20% point boost that compounds on every action for the rest of the season. Make sure you have ETH or USDT available in your wallet before proceding.
2. Buy and hold xStocks tokens. Purchase tokenized stocks or ETF tokens like $SPYx directly through the xStocks platform or via Kraken. Simply holding these tokens in your linked wallet passively acrues xPoints over time. Please verify the token approval amount; authorize only the specific amount required for the transaction.
3. Provide liquidity in available pools. Navigate to the liquidity section on xStocks DeFi and deposit into open pools. Points are allocated based on the size of your contribution and how long you keep it deployed, so consistent LP positions outperform short bursts. Please verify the token approval amount; authorize only the specific amount required for the transaction.
4. Use the borrow and lend markets. Lend assets to earn yield plus points, or borrow against your xStocks collateral. Every interaction these markets increases your total xPoints balance, making regular use worthwhile.
5. Claim Discord roles tied to your xPoints balance. Join the xStocks Discord and connect the same wallet you farm with. Roles are assigned automatically based on your current point balance:
   • Analyst — 10,000+ xPoints
   • Associate — 50,000+ xPoints
   • VP — 100,000+ xPoints
   • Director — 500,000+ xPoints
   • MD — 1,000,000+ xPoints

   Additionally, visit the "get-og-role" channel and enter the ticker of a stock not currently trading to earn the OG role, which acts as an early multiplier on top of your tier.

A sustained approach—holding tokens, keeping liquidity deployed, and regularly interacting with lending markets—will accumulate more xPoints than sporadic activity.

Potential Reward

There is no confirmed token or airdrop mechanism. The xPoints Program tracks all DeFi participation and states that activity at season's end "matters," suggesting a future distribution event. However, no tokenomics, snapshot date, or allocation breakdown has been officially announced.

Airdrop Requirements

• Link a Solana-compatible wallet to the xStocks Points page.
• Hold xStocks tokenized assets (e.g., $SPYx) in your connected wallet.
• Provide liquidity in at least one xStocks DeFi pool.
• Use the borrow/lend markets to generate additional point acrual.
• Join the xStocks Discord and connect your farming wallet for role assignment.
• Participate during the active season; the points campaign start date is listed as March 10, 2026.

Latest xStocks Airdrop Updates

The xPoints season is ongoing with holding, liquidity provision, and borrowing/lending as active point-earning categories, and the 20% permanent boost for early wallet linking remains available.

Risk

• No confirmed token. Despite the points program, xStocks has made no binding commitment to launch a token or conduct an airdrop. Points may ultimately have no redeemable value.
• Smart-contract and protocol risk. Providing liquidity and using lending markets on a relatively new Solana-based protocol exposes funds to potential exploits or bugs in unaudited contracts.
• Regulatory uncertainty. Tokenized equities sit in a complex legal space. Changes in securities regulation could affect how xStocks tokens function or whether they remain available in certain jurisdictions.
• Liquidity risk. On-chain markets for tokenized stocks may have thin order books compared to traditional brokerages, making large positions harder to exit without slippage.
• Acquisition dependency. With Kraken as the acquirer, the platform's roadmap and any token plans are subject to corporate strategic decisions that may not align with community expectations.

FAQ

Has xStocks officially confirmed an airdrop?

No. There is no official confirmation of a native token or airdrop. The xPoints program tracks participation and implies future event by stating that season-end activity "matters," but nothing binding has been announced.

Do I need capital to earn xPoints?

Linking your wallet and claiming the 20% permanent boost is free. However, earning meaningful points requires holding xStocks tokens, providing liquidity, or using the borrow/lend markets—all of which require funded positions.

Which activities generate the most xPoints?

Points accrue from three main activities: holding xStocks tokens, depositing into liquidity pools, and interacting with borrow/lend markets. The 20% early-link boost and OG role multiplier amplify all of these. Sustained liquidity provision and regular lending market usage tend to compound the fastest due to time-weighted calculations.

Data sources: airdrops.io source page, xStocks official website (xstocks.fi), xStocks Twitter (@xStocksFi), xStocks Telegram.