🚨Honey Badger Hunt Airdrop Update
We've adjusted the airdrop so every single address, 32k uniques, gets at least 20 $BADGER.
Inspired by @UniswapProtocol dropping 400 UNI on everyone, we want each address to get a meaningful amount and have them involved in the community.
👇
We've adjusted the airdrop so every single address, 32k uniques, gets at least 20 $BADGER.
Inspired by @UniswapProtocol dropping 400 UNI on everyone, we want each address to get a meaningful amount and have them involved in the community.
👇
1/
At first after collecting data based on proportionate use across almost 20 protocols, we found a concentration of large wallets. With over 20k wallets getting under 3 $BADGER and 24 wallets getting over 10k $BADGER. That doesn't work.
At first after collecting data based on proportionate use across almost 20 protocols, we found a concentration of large wallets. With over 20k wallets getting under 3 $BADGER and 24 wallets getting over 10k $BADGER. That doesn't work.
2/
Was this surprising? A little. You'd think since we are touching all the major DeFi protocols that there would be a better distribution of usage than 24 vs 20k. Such a huge gap but it shows how much of an impact these big wallets have.
Was this surprising? A little. You'd think since we are touching all the major DeFi protocols that there would be a better distribution of usage than 24 vs 20k. Such a huge gap but it shows how much of an impact these big wallets have.
3/
To add some extra colour. This is before the change.
To add some extra colour. This is before the change.
4/
To better smooth out the distributions we also;
- took the square root of allocation
- distributed different amounts to each of the 19 qualifying actions
We think this data collected is valuable for the ecosystem to digest & analyze so we'll be open sourcing it at launch.
To better smooth out the distributions we also;
- took the square root of allocation
- distributed different amounts to each of the 19 qualifying actions
We think this data collected is valuable for the ecosystem to digest & analyze so we'll be open sourcing it at launch.
5/
We plan to launch soon and will give at least 24 hours notice. The launch includes the release of $BADGER token, Sett and Super Sett products go live, liquidity mining starts and airdrop is distributed.
48 hrs to claim & then daily 20% is reallocated to the community pool.
We plan to launch soon and will give at least 24 hours notice. The launch includes the release of $BADGER token, Sett and Super Sett products go live, liquidity mining starts and airdrop is distributed.
48 hrs to claim & then daily 20% is reallocated to the community pool.
Shoutout to the king of airdrop distributions for helping on this @andy8052
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