Airdrop Details

Information Details
Airdrop Type Retroactive
Total Airdrop Amount ~102M SHELL distributed through stream NFTs
Number of Eligible Users Not Known
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot Not explicitly mentioned
Claiming Started January 22, 2024
Claiming Ends January 22, 2026

Token Distribution

Distribution Amount
Maximum 1 CRAB = 1 SHELL (varies per user based on CRAB holdings)
Median/Average Not Known
Minimum Not Known

Eligibility Criteria

  • Must have participated as a Shell liquidity provider (LP).
  • CRAB tokens, earned from providing liquidity during Shell v1 and v2, are required to claim SHELL stream NFTs.
  • Users who earned points in Seasons 1-3 of Shell v2 or provided liquidity in Season 0 on Shell v1 are eligible.
  • CRAB can be converted into stream NFTs at a 1:1 ratio with SHELL.
  • If a user did not earn CRAB before the TGE, they are not eligible.

Additional Information

  • Vesting Schedule: SHELL stream NFTs release tokens continuously from January 22, 2024, to January 22, 2026.
  • Staking: Users can stake SHELL to earn veSHELL, which grants voting power and rewards.
  • Liquidity Pool: A SHELL+ETH pool will be launched at TGE, allowing community members to provide liquidity.
  • Trading & Transfers: SHELL stream NFTs can be traded on NFT marketplaces like OpenSea.
  • DAO Governance: Governance proposals and votes start one week after TGE.
  • Testnet Update: Shell v2 testnet has been updated with Shell Points, fractal pools, and an ETH-stablecoin pool. Users can now test features before the guarded launch on Arbitrum.