The Farmer Airdrop
Allocation Details for the pre-launch Farmer Airdrop
18% of initial token supply will be distributed to reliable ve(3,3) token lockers and liquidity providers. Our goal is to put meaningful sums of money in the right hand: active participants in key Solidly ecosystems on the major chains and liquidity providers on Polygon.
The following breaks down the allocation structure and our rationale.
Any contract that was pulled as part of our scraping has been removed. Known protocol wallets have also been excluded.
Airdrops will be available to claim for two weeks from release, after which time unclaimed tokens will be burned.
Airdrop snapshot: 00:00 UTC, 6/1/2023 (1685577600 UNIX)
Airdrop expires: 00:00 UTC, 6/24/2023
Link to scraping code: https://github.com/0xc4ad/Airdrop
Airdrop Claim Link: https://pearl.exchange/airdrop Burn of unclaimed Pearl from Airdrop.
Velodrome
As the largest ve(3,3) DEX in operation, Velodrome has largest and longest tenured pool of active token lockers. It's by far the most mature Solidly ecosystem and is the ideal throughway to our ideal consumer target currently active on OP.
4.5% of supply to veVELO holders proportionate with voting power
We identified the top 1,000 veVELO wallets by total holdings and removed known protocol wallets to focus the airdrop on individuals
2,250,000 vePEARL were distributed proportionally amongst the top 1,000 based on voting weight
Convex
Convex is the premiere yield optimizer and aggregator for Curve LPs. By airdropping to Convex users, we get access to the largest audience of yield farmers and liquidity providers on Curve, the third largest DEX on Polygon. Convex/Curve LPs are incentive-driven liquidity providers with a clear understanding of the benefits of the vote-escrow model.
3.375% of supply to Convex ETH LPs
We identified the top 500 LPs on Convex ETH and removed know protocol wallets to focus the airdrop on individuals
1,687,500 vePEARL were distributed proportionally amongst the top 500 LPs based on total liquidity provided
2.25% of supply to Convex Polygon LPs
We identified the top 500 LPs on Convex Polygon and removed know protocol wallets to focus the airdrop on individuals
1,125,0000 vePEARL were distributed proportionally amongst the top 500 LPs based on total liquidity provided
Liquidity providers through the Beefy 3CRV and USDR-3CRV vaults have been included in the award provided they’re within the top 500 LP wallets on Convex Polygon
Chronos
Chronos has captured a significant amount of TVL since launch and is the second largest Solidly fork behind Velodrome, with a large number of active pools and token lockers. To whatever extent Arbitrum has captured the "degen" audience on the L2, Chronos is now the preferred liquidity layer for this audience we want to capture for Pearl.
2.25% of supply to Chronos LPs proportionate with their TVL
We identified the top 500 LPs on Chronos by total liquidity provided across all pools and removed know protocol wallets
1,125,0000 vePEARL were distributed proportionally amongst the top 500 by total liquidity provided
Liquidity providers through Beefy have been included in the award provided they’re within the top 500 LP wallets on Chronos
2.25% of supply to active veCHR lockers proportionate with voting power
We identified all new NFT creation events since launch, excluding airdrop NFTs and aggregated the total veCHR voting power by user
1,125,0000 vePEARL awarded to the top 1000 veCHR lockers using the voting power they had at the time of minting
Tetu
Tetu hosts some of the most active Balancer LPs (four largest DEX on Polygon) and vote escrow participants on Polygon. Tetu has built a thriving community of farming-focused LPs, sophisticated yield seekers with ample liquidity on Polygon to jumpstart the growth of Pearl.
1.125% of supply to veTETU and TETUBAL voters
Identified all veTETU and TETUBAL holders who have voted over the past six months
562,500 vePEARL awarded proportionally based on voting power, allocating a minimum of $20 to the final recipient.
Tangible
Tangible is our primary strategic partner in the launch of Pearl. Their support has been invaluable throughout this process and as such it’s only fair to reward their community, one of the original RWA communities in crypto, with a generous allocation of initial supply.
2.25% of supply to USDR minters, distributed proportionally based on total “minted minus redeemed”
We identified anyone having minted more USDR than they burned, with a net total over $1,000
1,125,0000 vePEARL awarded proportionally to these users based on their USDR balance
To be eligible, minting had to happen directly through the UI (or equivalently by calling USDRExchange.swapFromUnderlying directly on the blockchain), not via smart contract.
10% of supply to Tangible 3,3+ NFT Holders (incremental to 18% Farmer allocation)
Identified all current 3,3+ holders with NFTs in their wallet, not for sale in the Tangible marketplace
5,000,000 vePEARL awarded proportionally to 3,3+ holders based on aggregated total for each wallet
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