Airdrop Details
| Information |
Details |
| Airdrop Type |
VELO (ERC-20 utility token) and veVELO (ERC-721 governance token) |
| Total Airdrop Amount |
312M VELO (78% of initial supply) |
| Number of Eligible Users |
Not Known |
| Number of Claimants |
Not Known |
Timeline
| Event |
Date |
| Blockchain Snapshot |
Not Known |
| Claiming Started |
June 22, 2022 |
| Claiming Ends |
Airdrop claim period is complete |
Token Distribution
| Distribution |
Amount |
| Maximum |
Not Known |
| Median/Average |
Not Known |
| Minimum |
Not Known |
Eligibility Criteria
The airdrop was distributed to users and protocols that contributed to the early adoption and long-term success of Velodrome Finance. The criteria included:
- $WEVE Holders: 27% of the airdrop (108M VELO)
- Optimism Network Users: 18% (72M VELO), including:
- 3,755 VELO per wallet for Repeat Optimism Users
- Cross-chain DeFi Users: 15% (60M VELO), including:
- 3,500 VELO per wallet for Curve Protocol wallets with 1,450+ day $veCRV lock
- 3,000 VELO per wallet for Convex Protocol lockers of $vlCVX
- 3,000 VELO per wallet for Treasure DAO Genesis Mine $MAGIC stakers
- 2,000 VELO per wallet for Platypus Protocol stakers
- 500 VELO per wallet for Redacted Cartel Dutch auction participants who didn’t sell $BTRFLY
- 500 VELO per wallet for Eminence Finance wallets affected by EMN issues
- Protocols: 72M veVELO (18%) distributed among 10-15 partner protocols
- Grants: 24M veVELO (6%) reserved for partner protocols
- Team Allocation: 40M VELO & veVELO (10%) with vesting schedules
- Optimism Team Allocation: 20M veVELO (5%) to support the ecosystem
Important Links
- The airdrop was designed to align incentives with the ve(3,3) model, rewarding long-term holders and liquidity providers.
- $VELO emissions start at 15M VELO per week and decay at 1% per week.
- Governance through $veVELO allows holders to vote on liquidity pool emissions and receive protocol fees, bribes, and rebases.
- Team tokens are subject to vesting with lock-in periods ranging from 6 to 24 months.
