Information about the leveraged yield farming platform's airdrop
Summary
In this document you will be find the necessary information needed regarding Kalmar's leveraged yield farming platform's launch phase airdrop (allocation, snapshots, how it all works, etc)
Other blog posts containing information about the airdrop:
Please kindly check the F.A.Q section if you can't find an answer to your question here.
If you have any additional questions to which answers are not present in our blog posts or docs, feel free to reach the Kalmar team in the Telegram group.
Allocation
For this event, we allocated 300,000 KALM tokens (3% of the supply).
Allocation will be distributed equally between borrowers and lenders.
The allocation distributed between borrowers and lenders is equal:
150,000 KALM tokens for lenders
150,000 KALM tokens for borrowers
The Airdrop Mechanism
With many questions being asked in our Telegram group about the airdrop, we want to make the mechanism clearer for everyone.
Your allocation depends on three main factors:
The total amount of TVL that will be sharing the airdrop
The amount of funds you lock into the protocol
The amount of snapshots in which you are registered
Snapshots
The only snapshot that will be publicly announced is the one that will be taken on April 16th at 10 PM SGT. All other snapshots will be taken at random times chosen by the Kalmar team to protect our users and ourselves from bad actors.
That means that the more snapshots in which you are registered, the more you distribution of the airdrop you will get.
Example:
If you lend 10 BNB to the bank for 1 snapshot out of 10 total (10%), your allocation will be proportional to 1 BNB.
If you lend 10 BNB to the bank for 5 snapshots out of 10 total(50%), your allocation will be proportional to 5 BNB.
F.A.Q
What's an airdrop?
An airdrop is an event in which the project distributes digital assets (coins, tokens, NFTs, and so on) to users, with the most common requirement being using the protocol itself.