xStocks airdrop guide: farm xPoints the traditional way and the Pendle way (2026)

xStocks is the largest tokenized-stock platform in crypto, it is now owned by Kraken, and it is running an xPoints program that almost everyone reads as the runway to a token. Most guides stop at "hold, lend, provide liquidity." This one goes further, because xStocks quietly has a live Pendle market that lets you farm the yield and points of a tokenized stock at up to 41x per dollar, and almost nobody is documenting it. Here is the full playbook, the traditional tiers and the off-key routes. Lock your permanent 20% boost first on the xStocks xPoints page.

xStocks is a platform for tokenized stocks and ETFs, built by Backed Finance and fully acquired by Kraken in December 2025. Each xStock, TSLAx, NVDAx, SPYx, AAPLx and dozens more, is a real security tokenized 1:1, with proof of reserves and price oracles behind it. The tokens live across multiple chains (Ethereum, Solana, Ink, TON and BSC), and xStocks accounts for roughly a quarter of the entire tokenized-equity market, which makes it the category leader rather than an experiment. You can trade the tokens, bridge them across chains, and wrap them, and they plug into the wider DeFi ecosystem as collateral and liquidity.

The reason it is on every airdrop list is the xPoints program. xPoints reward onchain activity with xStocks, and your balance updates daily based on what you hold and do. xStocks has stated the points will determine your share of future rewards, and it is actively removing bot farms and inactive accounts to protect the pool, both of which are the behaviour of a team preparing a real distribution. There is no xStocks token yet, so treat the airdrop as unconfirmed, but the signals (category leadership, Kraken ownership, a structured points program with anti-sybil enforcement) put it firmly in the higher-conviction tier. Get started on the xPoints page.

No token and no formal airdrop have been announced, so the airdrop itself is unconfirmed and speculative. What is confirmed and live is the xPoints program, and it is unusually well-signposted. xStocks says xPoints will determine your share of future rewards, the program has multipliers (xBoost) and a referral system, and the team is publicly pruning bot accounts to keep it fair. That combination, a live points program that scales with position size, run by the Kraken-owned category leader, is exactly the setup that has preceded tokens across the rest of the sector. None of that guarantees a drop. But xPoints cost you nothing beyond holding assets you may already want, and the anti-sybil rules mean genuine participants are the ones who benefit. Lock your boost via WEB3WIKIS and start building a real position.

• Project: xStocks (Backed Finance, under Kraken)
• Chain: Ethereum, Solana, Ink, TON, BSC
• Type: Tokenized stocks and ETFs (1:1 backed) with the xPoints rewards program
• Status: Live. xPoints running; no token yet, widely viewed as pre-TGE
• Points tiers: Holding (base) / Lending as collateral (higher, ~5x on Kamino) / Liquidity provision (highest, ~7x on Raydium or Orca) / quests
• Multipliers: permanent +20% xBoost via referral; referrals earn 20% of referral xPoints; points scale with position size; balances update daily
• Advanced route: PT/YT-STRCx on Pendle (~21% fixed APY, up to ~41x YT leverage at the time of writing) - verify live in-app
• Anti-sybil: inactive accounts removed within 7 days of registration
• Referral: WEB3WIKIS (permanent 20% boost)
• Related airdrops: Hotstuff, WaterX, Rialto, Arcus
• Join: xStocks xPoints

The base cost is simply owning xStocks, capital that stays in the assets rather than being spent, so if you already want tokenized-equity exposure this is close to free to farm. Gas depends on the chain you use (Solana and the L2 options are cheap; Ethereum mainnet is pricier), so pick your chain accordingly. Lending and LP positions add smart-contract exposure and, for LPs, impermanent-loss risk from pairing a volatile stock token with USDC. The Pendle route has its own maturity and price dynamics: PT locks a fixed yield to maturity, while YT decays to zero at maturity, so YT is a time-boxed, higher-risk, higher-multiplier bet, not a hold-forever position. A practical starting budget is a few hundred dollars of xStocks to move meaningfully up the tiers, with more only if you are comfortable with the LP and Pendle mechanics. What is at risk is market moves on the equities you hold and the usual DeFi contract risk, not a farming fee you are burning.

xStocks is among the more credentialed plays you can farm. It is the category leader in tokenized equities, each token is backed 1:1 with proof of reserves, and it is owned by Kraken, one of the oldest exchanges in crypto. The honest risks are real nonetheless. Tokenized equities carry geographic restrictions, so check availability in your region (xStocks geoblocks some jurisdictions). Lending and LP positions carry smart-contract and liquidation risk, and LPing a stock token against USDC carries impermanent loss. The Pendle YT route is time-boxed and can lose value as it approaches maturity, so treat it as an active position, not a set-and-forget. And the airdrop is unconfirmed, so do not treat a future xStocks token as guaranteed. As always, use only the official xStocks domain, never approve a blanket token allowance to claim anything, and never share your seed phrase. Read how to avoid airdrop scams .

How do xPoints work?

You earn xPoints for onchain activity with xStocks, and your balance updates daily. Holding is the base tier, lending as collateral (around 5x on Kamino) is higher, and providing liquidity (around 7x on Raydium or Orca) is the highest. Referrals earn 20% of your referrals' points, and registering through a referral locks a permanent 20% xBoost. Points scale with position size, and xStocks has said they determine your share of future rewards.

What is the Pendle method for xStocks?

xStocks issues STRCx, a tokenized yield instrument, and it has a live Pendle market. Holding YT-STRCx concentrates the yield exposure at up to roughly 41x per dollar, and PT-STRCx locks a fixed yield around 21% APY. It is the most capital-efficient way to farm the yield and points of a tokenized stock, and it is the route most guides miss. Verify the live pool in the Pendle app first, since markets rotate and YT decays to maturity. Full details in our Pendle method guide .

Can I farm two airdrops with one xStocks position?

Yes, that is the nested play. Because xStocks are RWAs, using xStock exposure on Hotstuff, which trades RWAs on one margin account, farms Hotstuff points while keeping your tokenized-equity exposure. Verify the exact held form still credits xPoints, and see the Hotstuff points guide .

What are related airdrops to farm alongside xStocks?

Stack it with Hotstuff for the RWA angle, and pair it with the tokenized-stock venues WaterX , Rialto and Arcus . Browse the airdrops list .

Related: xStocks Pendle points method , Hotstuff points guide , and how to qualify for airdrops . Full list: browse the airdrops catalog .

xStocks is the Kraken-owned category leader with a live points program and a Pendle route nobody talks about. Join airdropSEA, lock your 20% boost on xStocks, climb the tiers, run the YT, and stack it on Hotstuff alongside a family that shares the off-key plays.

Research, not financial advice. Web3 carries risk, do your own diligence.