Posting this here, but hoping to facilitate the core discussion here on Gelotto’s app Threads
Archway is getting an airdrop of AXV here in early April! How do you guys want it? Stakers? Drop Camp? Hop in threads and plan it out!
1 Like
The typical approach is to set up a way for the airdrop to be claimed by stakers following a snapshot. I think this avoids several issues that previous airdrops have faced and makes it a requirement for the user/staker to “do something” to “earn” the airdrop (ie, they will sign a message). It also helps the team that’s initializing the airdrop make sure they do whatever geo-restricted stuff they want to do since you aren’t just randomly airdropping it to people that you may wish to avoid airdropping to.
Once the claim period has expired, there are several things that the team can do with the unclaimed balance. The team can decide to extend the claiming window, claw it back to the AXV community pool, or they can give it to the Archway community pool as PoL that that will then be in control of the community. Presumably this can be used for Archway’s Liquidity Council to deposit into pools and use it as a tool to increase TVL on Astrovault.
The last approach was recently executed by the Neutron team to the Cosmos Hub as a way to further align their consumer chain (security consumers) with the Cosmos Hub (security provider). I like this model because it means that the ARCH token holders still have access to the benefits of holding the token, even if they missed out on the opportunity to claim the airdrop (either they were late or they aren’t in a geography that could claim the airdrop).
2 Likes