Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | Maturing Airdrop (mdrop) |
| Total Airdrop Amount | 40% of the $SEND supply (40M SEND) |
| Number of Eligible Users | |
| Number of Claimants |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | December 10, 2024 (for Season 1, including NFT and memecoin communities) |
| Claiming Started | December 12, 2024 (for Season 1) |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | Not Known |
| Median/Average | Not Known |
| Minimum | Not Known |
Eligibility Criteria
General Eligibility
-
Active Participation on Suilend
- Before launch, users earned points by depositing or borrowing assets (SUI, USDC, USDT, ETH, SOL, DEEP).
- 20 million points were distributed daily (10M for deposits, 10M for borrowing).
- After August 17, 2024, points were awarded only for borrowing (10M points daily).
- The more points accumulated, the higher the potential $SEND token allocation.
-
Post-Launch Airdrop Eligibility (Season 1 & Beyond)
- Season 1: Airdrop followed the December 10, 2024 snapshot.
- Season 2 (ongoing as of March 24, 2025): Likely still based on lending/borrowing engagement, but exact criteria should be checked via official Suilend channels.
-
Wallet Requirements
- A Sui-compatible wallet is required (e.g., Sui Wallet, Nightly Wallet).
- In Season 1, mobile wallets were emphasized for eligibility.
-
Supported Assets
- Engagement with multiple assets (SUI, USDC, USDT, ETH, SOL, etc.) was beneficial.
- Balancing deposits and borrowing maximized rewards.
Steps to Qualify (Pre-Launch & Season 1)
- Visit SuiLend: Access suilend.fi and click “Launch App.”
- Connect a Wallet: Link a compatible Sui-based wallet.
- Engage in Activities: Deposit or borrow assets to earn points.
- Monitor Points: Check accumulated points on the platform.
- NFT Rewards: Highly active users earned “SuiLend Capsules” NFTs as additional rewards.
Additional Season 1 Allocations
- Tokens were airdropped to:
- Users who earned points before the snapshot (December 10, 2024).
- Holders of select NFTs (e.g., Rootlets, Kuno).
- Certain memecoin communities (e.g., $FUD holders).
- More details available in official Suilend documentation.
Important Links
Additional Information
SEND Tokenomics
$SEND has a total supply of 100 million tokens, distributed as follows:
| Allocation | Percentage |
|---|---|
| Community | 65% |
| Investors | 20% |
| Team | 15% |
The tokenomics are designed to prioritize community participation.
What are Mdrops?
Mdrops are a new token distribution model for SEND, ensuring a high initial float while controlling sell pressure:
- When users redeem their $SEND allocation, they receive mSEND.
- mSEND must be claimed over time to convert into actual SEND tokens.
- Claiming SEND early incurs a penalty paid in SUI, reducing volatility and increasing demand for SUI.
Penalty & Maturity Periods
| Allocation Type | Maturity Period |
|---|---|
| Points & Ecosystem | 3 months |
| Team & Investors | 6 months |
| SAVE Holders (Solana) | 12 months |
- After maturity (e.g., 3 months for Points & Ecosystem holders), users can claim their full SEND tokens without any penalty.
Airdrop Breakdown (40M SEND distributed via Mdrops)
| Category | Percentage of Total Supply |
|---|---|
| Points Holders & Early Users | 20% |
| Ecosystem Communities | 5% |
| SAVE Holders (Solana) | 15% |
Unlock Schedule
| Category | Unlock Period |
|---|---|
| Mdrops | Day 1 |
| Investors | 2 years |
| Team | 4 years |
This unlock schedule is designed to promote long-term commitment while avoiding rapid inflation.
Final Notes
- Season 2 eligibility details remain unclear, but continued engagement (e.g., lending/borrowing) is likely required.
- The mdrop model ensures gradual claimability, discouraging early dumping and supporting ecosystem stability.
- Users should follow official Suilend channels for updates on Season 2.