Airdrop Details

Information Details
Airdrop Type ION (Governance Token)
Total Airdrop Amount 20,000,000 ION tokens
Number of Eligible Users Not Known
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot Not Known
Claiming Started May 03, 2024
Claiming Ends Not Known

Token Distribution

Distribution Amount
Maximum Not Known
Median/Average Not Known
Minimum Not Known

Eligibility Criteria

Participants can earn points towards Airdrop SZN2 through the following activities:

  • Supply & Borrow on Mode Main Market
  • Supply & Borrow on Mode Native Market
  • Provide liquidity for ION/WETH LP and stake LP tokens on Velodrome
  • Provide liquidity to ionUSDC/ionUSDT on the Earn Page

Point Multipliers:

  • x1.5 on any asset supplied (e.g., USDC, USDT)
  • x2 on any yield-bearing asset supply (e.g., LRTs, LSTs)
  • x2.5 on any borrow
  • x3 on ION/WETH LP stakers on Velodrome
  • x3 on MODE supply in the Native Market

Users who participated in Airdrop SZN1 and continue to participate in Airdrop SZN2 will receive a significant multiplier.

Additional Information

  • Instant Claim Feature: After the initial distribution on May 30, 2024, users can opt to instantly claim their remaining vested tokens with a penalty that starts at 75% on day 0 and decreases linearly to 10% over the 3-month vesting period ending on August 30, 2024. Slashed tokens will be redistributed among users who vest for the entire duration.
  • Multi-Chain Expansion: Starting from May 20, 2024, Ionic plans to expand to become a multi-chain application within the OP Superchain, partnering with other major players in the collective.

Note: All dates and details are based on the official announcement as of May 16, 2024.