| Information | Details |
|---|
| Project Name | GammaSwap |
| Project Website | https://gammaswap.com/ |
| Project Description | GammaSwap is a decentralized protocol that enables users to borrow liquidity from any Automated Market Maker (AMM) pool, allowing traders to speculate on volatility directionally or through straddles on any asset. |
| Project Ticker | GS |
Airdrop Details
| Information | Details |
|---|
| Airdrop Type | Retroactive |
| Total Airdrop Amount | 48,000,000 GS tokens (3% of total supply) |
| Number of Eligible Users | Approximately 1,200 wallets |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|
| Blockchain Snapshot | Not Known |
| Claiming Started | September 9, 2024 |
| Claiming Ends | November 4, 2024 |
Token Distribution
| Distribution | Amount |
|---|
| Maximum | Approximately 213,000 GS tokens for top 200 wallets |
| Median/Average | Approximately 42,000 GS tokens across all eligible wallets |
| Minimum | 3,000 GS tokens |
Eligibility Criteria
To qualify for the $GS airdrop, users must have a non-zero value in lending points, borrow points, or referral points. Points were distributed as follows:
- Initial point airdrop given to Alpha Mainnet and Testnet users with multipliers (2x and 1.5x, respectively).
- Perpetual options traders earned 2 points for each $1 notional traded.
- Liquidity Providers (LPs) earned 1 point for each $1 in liquidity provided.
- Points were updated daily at random times.
Important Links
- The $GS airdrop allocation was increased from 32,000,000 tokens (2%) to 48,000,000 tokens (3%) in response to community feedback.
- There is no vesting period; however, tokens will be distributed in weekly epochs over an 8-week period from September 9, 2024, to November 4, 2024. Users can claim their $GS tokens weekly or in full at the end of the distribution period.
- A curve was implemented in the distribution to prevent top wallets from receiving a disproportionate share. Initially, the top 5 wallets would have received 25% of the airdrop; after applying the curve, they will receive approximately 10%.
- An additional 3,200,000 GS tokens (0.2% of the total supply) are allocated for pufETH holders as part of an airdrop, with an average of 22 GS tokens per wallet. citeturn0search0
