Spiral DAO Airdrop!

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Spiral DAO Airdrop!

To kickstart the protocol Spiral DAO will hold a two-phase Airdrop.




Summary

1st Phase — Launching Airdrop: Spiral DAO will airdrop 3%~5% of the initial token supply towards existing Balancer, CRV, FXS, and SDT stakeholders as well as other DeFi users.

To claim the Airdrop visit https://spiral.farm/airdrop on the 8th of April. The time of the start will be different for each category and is specified below starting from 15–00 UTC+0.
Users will receive Spiral DAO’s governance token — Spiral (SPR) token.
Every user from each category will receive the same amount of tokens — 100 SPR.
Only users holding a greater than a certain amount of stated tokens are eligible for the Airdrop.
Only X first users from each category can claim their Airdrop.
The later you redeem the Airdrop — the more you get. After claiming wait and redeem your tokens later to receive up to 50% more.
2nd Phase — Community building Airdrop: Encouraging active members of community participation programs.

Spiral DAO

Spiral DAO is built by experienced farmers for farmers, which means we have thought about all the downsides associated with yield farming, the most prominent of them being highly inflationary reward tokens and complexities that make it harder to access for newcomers. Spiral is here to change that, as well as other inefficiencies existing in yield farming, bribe markets, and VeTokenomics.

Spiral DAO provides a possibility to stake your liquidity into one of the large variety of pools in exchange for its native Coil (COIL) tokens with an additional yield on top. At its launch, Spiral DAO supports Aura and Convex native pools.

COIL tokens can be staked to obtain our main governance token — the Spiral (SPR) token, which represents governance power for all of the Treasury assets and is backed by a growing market share of all the tokens held within the Spiral DAO treasury (USDC/BAL/CRV/FXS/SDT to start).

Spiral DAO employs novel mechanisms to maintain a balanced Treasury exposure by engaging in bribe markets and optimizing them as a side effect.

1st Phase: Launching Airdrop

To encourage adoption, Spiral DAO will airdrop 3–5% of the initial token supply towards existing Balancer, CRV, FXS, and SDT stakeholders as well as other DeFi users. Only users holding a greater than a certain amount of tokens stated below are eligible for the Airdrop.

Airdrop will be allocated to:

42% — CRV/CVX users: vlCVX, veCRV, Convex LP
25% — BAL/AURA users: veBAL, vlAURA, Aura LP
7% — FXS stakeholders: veFXS
3% — SDT stakeholders: veSDT
7.6% — LobsterDAO NFT owners
7.6% — Degenscore Beacon NFT owners
8.6% — Top-1000 DeBank profiles

First come first serve

Users will receive an equal amount of tokens (100 SPR). However, the supply for each category is limited, which is why only the first X users to claim their Airdrop will be eligible. The X for each category is roughly the following:

270 — CRV/CVX stakeholders: 80 — veCRV; 90— vlCVX; 100 — Convex LP
160 — BAL/AURA stakeholders: 45 — veBAL; 50 — vlAURA; 65 — Aura LP
45 — FXS stakeholders
20 — SDT stakeholders
50 — LobsterDAO NFT owners
50 — Degenscore Beacon NFT owners
55 — Top-1000 DeBank profiles

When snapshot??

Yep. It had already been taken.

The later you redeem the Airdrop, the more you can get.

First, you’ll have to claim your Airdrop. By claiming, you confirm you want to be dropped and secure your spot.
After that, you can redeem your tokens right away or later.
The number of tokens you will receive grows linearly in the first three months, so it makes sense to hold longer and redeem later. The total growth will reach 50%. For example:

Initially, you get dropped 100 tokens. After one month, you can redeem around 116.67 tokens. After two months — 133.333. And after three months — 150 tokens.

The idea behind this mechanism is to spread the total Airdrop pressure across those three months and make it a more engaging activity.

Where?

You can claim your Airdrop at https://spiral.farm/airdrop.

When?

On the 8th of April. The time when claiming starts will be different for each category.

Claiming Schedule

15–00 UTC+0 — CRV/CVX stakeholders
16–00 UTC+0 — BAL/AURA, FXS, SDT stakeholders
17–00 UTC+0 — LobsterDAO NFT owners
18–00 UTC+0 — Top-1000 DeBank profiles owners
19–00 UTC+0 — Degenscore Beacon NFT owners

Until the X first users are reached, you can still claim your tokens at any time.

2nd Phase: Community building Airdrop

To enhance Spiral DAO adoption, we are launching a community activity incentivization program. As a result of it, the second phase of the Airdrop will be held.

There are three ways to participate:

1. Complete the crew3 quests. We have built a unique API for this event to track different on-chain activities. Stake, share, boost your yield and get exp.

2. Be an active member of the community and participate in our Discord channel discussions.

3. To learn more about how you can contribute to Spiral DAO's growth and development check out our community article:

https://medium.com/spiral-dao/unveiling-our-loyalty-program-e4d9be0c232

Website: https://spiral.farm/

Twitter: https://twitter.com/Spiral_DAO

Medium: https://medium.com/spiral-dao

Crew3: https://crew3.xyz/c/spiraldao3/questboard