Airdrop guide
Marginly airdrop step by step tutorial
The Marginly airdrop is a Sparks points campaign, live as of 29 October 2026. Depositing ETH or stablecoins in Marginly's pools earns Sparks, and the homepage says each Sparkholder will receive a portion of a future airdrop. The airdrop itself is marked as coming soon. Taking part means connecting a wallet and putting assets into a pool or a leveraged farming position.
Live · checked 29 October 2026
As of 29 October 2026, the Marginly homepage invites visitors to farm Sparks now by depositing ETH or stablecoins in its pools, and it marks the airdrop itself as coming soon.
Marginly Sparks pays points for depositing ETH or stablecoins in its pools or farming leveraged Pendle yield, counted toward a future airdrop.
What is Marginly?
Marginly is a platform for leveraged yield farming and leveraged trading on decentralized exchanges. Liquidity providers fund one-sided pools, and traders borrow from them to open leveraged positions. Its farming product centres on Pendle Principal Tokens.
The product serves two groups. Liquidity providers deposit ETH or stablecoins to earn interest and points. Farmers borrow from those pools to hold yield-bearing Pendle tokens with up to 10X more exposure than their own margin.
Marginly describes its design as having no impermanent loss, because liquidity providers supply only one side of a pool, and as using isolated pools so that risk is easier to quantify. Its smart contracts have been audited twice by Quantstamp.
How Marginly works
Marginly sets up isolated side pools next to existing automated market maker pools. Lenders put in ETH, USDC or USDT to earn interest, and farmers post margin, then borrow from those pools to reach the leverage they want. On Pendle Principal Tokens, a 10X position opens in a single transaction.
Sparks are the campaign's points. Marginly's blog says earning Sparks, by farming leveraged yield or by providing liquidity, makes a user eligible for its upcoming native token airdrop. In 2024 it said the airdrop would be shared out in proportion to each user's Sparks.
The homepage currently says that depositing ETH or stablecoins in the pools doubles Sparks rewards, and it labels the airdrop step as coming soon. The homepage and blog posts give no date, amount, token name or ticker for that airdrop.
The Sparks airdrop
The campaign pays Sparks, Marginly's points, which the project says make holders eligible for a share of its future native token airdrop. You earn Sparks by depositing ETH or stablecoins in its pools as a liquidity provider, or by farming leveraged Pendle yield as a borrower. The homepage currently offers doubled Sparks for pool deposits and marks the airdrop itself as coming soon.
Step by step: how to get the Sparks airdrop
Stay safe: a real airdrop never asks for your seed phrase or private key. Use only the official links on this page, and treat any message that offers help with a claim as a scam.
Step 1: Open the Marginly app
Go to the Earn page of the Marginly app, which is where the homepage sends visitors to farm Sparks.
Step 2: Connect your wallet
Connect a crypto wallet that holds ETH or stablecoins, or Pendle Principal Tokens if you plan to farm.
Step 3: Deposit into a pool
Deposit ETH or stablecoins in a pool to earn interest and Sparks as a liquidity provider. The homepage says deposits double the Sparks rewards.
Step 4: Or farm with leverage
On the Farm page, pick a Pendle pool, enter an amount and choose a leverage level. Marginly's 2024 post says farming leveraged yield also earns Sparks. A leveraged position can be liquidated if the PT falls in price against its underlying asset.
Step 5: Check the homepage for the airdrop
Follow the Marginly homepage, where the airdrop step is marked as coming soon.
Marginly airdrop FAQ
Is the Marginly airdrop still live?
- Yes, as of 29 October 2026 the Marginly homepage tells visitors to farm Sparks now by depositing ETH or stablecoins in its pools. It marks the airdrop itself as coming soon, so Sparks are being earned while the distribution is still ahead.
Does Marginly have a token?
- Marginly's blog describes an upcoming native token airdrop, and its homepage says each Sparkholder receives a portion of a future airdrop. A name, ticker, date or amount for that token is not given on the homepage or in the Sparks blog posts.
Does earning Marginly Sparks require a deposit?
- Yes, you must put assets in: either ETH or stablecoins in a liquidity pool, or margin to open a leveraged farming position. Marginly's own FAQ says leveraged farming carries risks, and its farming guide explains that a leveraged position may be liquidated.
Which chain does Marginly run on?
- Marginly's 2024 announcement points farmers to Pendle Principal Tokens on Ethereum or Arbitrum. The homepage does not say which chains the current Sparks campaign covers, so check the app's pool list before depositing.
Sources for this listing
- 01Marginly: Go up to 20X long or short on Uniswap and other DEXesmarginly.com · read 29 October 2026
- 02New Partners in Leveraged Yield Farming, Marginly ❤️ Pendleblog.marginly.com · read 29 October 2026
- 033 Protocols To Leverage Pendle’s PT Tokensblog.marginly.com · read 29 October 2026
- 04Marginly’s Guide to Leveraged Yield Farming Through Pendle Financeblog.marginly.com · read 29 October 2026
- 05Time to Bootstrap Some Marginly Liquidityblog.marginly.com · read 29 October 2026
