Airdrop Details

Information Details
Airdrop Type Retroactive
Total Airdrop Amount 30,000,000 RBN
Number of Eligible Users 1,700
Number of Claimants 1,318

Timeline

Event Date
Blockchain Snapshot Not Known
Claiming Started May 25, 2021
Claiming Ends Not Known

Token Distribution

Distribution Amount
Maximum 205,498 RBN
Median/Average 15,670 / 21,230.20 RBN
Minimum 5,772 RBN

Eligibility Criteria

  • External Option Protocols: Users of Hegic, Opyn, Charm, and Primitive option protocols were eligible, with each address receiving 5,772 RBN.
  • Ribbon Strangle Buyers: Users of Ribbon’s first product, the Option Strangles, received 11,904 RBN per address.
  • Ribbon Theta Vault Users: Users who deposited at least $100 into ETH Covered Calls, WBTC Covered Calls, or ETH Puts vaults before May 22, 2021 (12 AM UTC) received 12,195 RBN each.
  • Ribbon Theta Vault Bonus: Additional 10M RBN distributed based on deposited asset amounts, adjusted using a Box-Cox transformation to ensure fairness. Median bonus: 6,609 RBN.
  • Ribbon Discord Community Members: Members who sent at least 5 messages were eligible. Out of 104 participants, 64 chose “Ribbon Hat” and received 62,500 RBN each, while 40 chose “small airdrop” and received 27,027 RBN each.

Additional Information

  • During the Genesis Period, RBN was non-transferable and could only be used for governance voting.
  • The airdrop aimed to balance rewarding existing users, community members, and attracting new participants.
  • The Box-Cox transformation was used to distribute the Ribbon Theta Vault Bonus more equitably.