Mini airdrop to DAO communities who were missed due to staking or LPing

Hey FOXonauts :fox_face: :man_astronaut:

There’s been some chatters on the twitters and in the discord about how many members of DeFi communities feel rightfully excluded from the airdrop. We all know how bad it feels to feel left out… especially with as cool of a community as the FOX den, and as one of the main people involved with creating the airdrop list, I want everyone to know that this was not our intention.

We were aware that by only taking snapshots of the token contracts, users who were staking their governance tokens or providing liquidity in pools, arguably more constructive members of the community, would unfortunately be excluded. One of the ways we were able to justify this as we scrambled to get a million other things ready for the big announcement, was by knowing that as soon as the DAO was launched, we could always follow up with a proposal to drop FOX to these users too.

The tentative plan is to reward users who were staking their tokens or providing liquidity of…

  • the same list of governance tokens
  • at the same $1500 threshold
  • at the same Ethereum block the original snapshot was taken
  • with the same 200 FOX airdrop

The next step in this process is to assemble this list of users so we know how much FOX this will entail.

As the self-established placaeholder leader of the FOX Tokenomics workstream, I will support the endeavor to create this airdrop list, bring the proposal through the governance process, and deploy and fund these contracts with FOX from the DAO if the proposal passes.

I think this would be an excellent opportunity for a community member whose interested in this workstream to contribute, and would love to invite a community member who is familiar with querying data from blockchains like this to apply. In the proposal to the DAO, I will include a request of $1000 of FOX tokens for whoever is accepted and delivers the correct list of tokens. Please reply to this thread if you’re interested or if you have any feedback on this proposal.

14 Likes

I am strongly in favor of this, and for full discloser, am one that falls into the “missed” category.

One of the projects that has an airdrop associated with it is Gitcoin. I would suggest that listing this as a formal bounty on their platform would very quickly see this problem solved: Grow Open Source | Gitcoin

Emphasizing that this bounty will positively affect many missed GTC holders should also make it stand out to the bounty hunters.

3 Likes

Yess love this idea! brb, posting the bounty now

2 Likes

About to head to bed, but looking forward to seeing if anyone applies overnight!

2 Likes

I support this and would vote for it when it gets to that point.

1 Like

Sounds like there are multiple people working on the $1000 FOX bounty to get the list together now, it will be a race to see who gets it first!

3 Likes

Update: we’ve decided to call this the ShapeShift “fairdrop” :wink:

Got a few people working on getting the list together and it looks like we’ll have the complete list very soon :rocket:

6 Likes

whooo look forward to seeing it so we can get an idea of what funding from the DAO would look like.

I think even if the DAO has not unlocked enough funds to cover the whole amount yet we could still launch it and just fund as we go since not everyone would claim at once.

1 Like

damn that’s a good name

1 Like

I generally like this idea but it does run the risk of missing users that qualify just due to the nature of getting the data and being able to verify it’s accurate and correct

1 Like

I love this proposal and I am interested

1 Like

I’ll have an opinion once we know how much FOX is required to cover this second airdrop, and which “pot” it’s being proposed to come from.

2 Likes

I second this notion.

1 Like

Agreed hard to weigh in until we know how many addresses/FOX would be required to make this work.

In terms of where it would come from, my assumption is the DAO treasury would fund this directly and it doesn’t need to even fund it all at once it could be topped up over time as more funds are needed (if they are) - even if the total claim was something like 20 mil fox we could start with a few mil fox and just keep adding as more is claimed.

Really on board with this proposal (just to be clear, I will not be receiving any token for it, I just think it would make the distribution more fair).
I can help find the concerned addresses! But I think the criteria are quite unclear, we should first determine the concerned staked tokens (there are quite a few for each of those DeFi projects). Also for the LP tokens, which exchanges should be considered? Which pairs? I think having a concise agreed upon list of tokens/LPs should be done before anyone attempts to gather the list of addresses.

4 Likes

Great point @dobbythereum and appreciate the offer to help get this together!

My thought is we should include any protocol level staking (e.g staked versions of the tokens like aave, alcx, etc) as well as any major LP pools on most DEXEs like uniswap,sushi,balancer, etc…

Up for other ideas but that is my basic concept.

A bonus would be to pull in a list of folks who have voted with their tokens prior to the snapshot and/or interacted with the protocol(s) over threshold before the snapshot (but these are not needed for this and should maybe if anything be considered separately).

2 Likes

I also support this, depending on how much FOX we are talking about.

1 Like

Alright so let’s start with making a list.
For staked tokens

  • For GIT: none
  • For UNI: none
  • For SUSHI: xSUSHI, MEOW
  • For YFI: yvBOOST, yveBOOST-ETH, yveCRV, yveCRV-ETH
  • For AAVE: stkAAVE
  • For ALCX: alETH, alUSD,
  • For 1INCH: s1INCH (1inch.exchange staked 1inch addresses were already rewarded, right?)
  • For CRV: veCRV (all veXXX tokens??? :sweat_smile:)
  • For BAL: stkABPT
  • For ZRX: none
  • For RUNE: none

I’m very sure I missed a lot here, please iterate to this list by adding and removing what you think does and doesn’t make sense. Let’s first start agreeing on the staked ones before moving onto LPs :sweat_smile:

2 Likes

All of yours look great to me @dobbythereum - only one I would change is ALCX, we should be rewarding those who staked ALCX through their direct staking farm (not sure what token that mints) and those staking ALCX/ETH LP not necessarily those using alUSD or alETH. That would be more like rewarding the protocol users, which we could also do but is different than those who were holding/staking ALCX (their DAO token).

That is one of the smaller communities here thoughts be convinced otherwise to include them too somehow (I love alchemix) but that is my initial thoughts.

1 Like

Heads up @dobbythereum and anyone else who may be working on this, an engineer is about to post the complete list here along with the process he took.

Thanks for the feedback on making the criteria more clear :pray: Part of the process was identifying each of these pools and staking contracts, but those details were admittedly buried in the GitHub issue.

2 Likes