Basic Information
| Information | Details |
|---|---|
| Project Name | Inverse Finance |
| Project Website | Inverse Finance |
| Project Description | A decentralized finance (DeFi) platform offering lending and borrowing solutions, including the DOLA stablecoin and DBR borrowing rights. |
| Project Ticker | DBR |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | DBR (DOLA Borrowing Rights Token) |
| Total Airdrop Amount | Not Known |
| Number of Eligible Users | 300 raffle winners + INV stakers (exact number not known) |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | October 30, 2022 (for INV stakers) |
| Claiming Started | Early November 2022 |
| Claiming Ends | November 23, 2022 |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | 2,000 DBR (for INV stakers) |
| Median/Average | Not Known |
| Minimum | Up to 1,000 DBR (for raffle winners) |
Eligibility Criteria
There are two ways to qualify for the airdrop:
Stake INV
- Users who staked the INV governance token in Inverse Finance’s legacy app, Frontier, on October 30, 2022, automatically qualify.
- Eligible INV stakers can mint an NFT that grants them the right to claim 2,000 DBR.
Raffle Participation
- Users who did not stake INV could participate in a raffle by filling out a form to collect points.
- 300 raffle winners will be able to claim up to 1,000 DBR each.
Important Links
Additional Information
- DBR tokens grant the right to borrow 1 DOLA per DBR for one year at a fixed borrowing rate.
- FiRM, Inverse Finance’s new lending protocol, introduces Personal Collateral Escrow (PCE), ensuring that user collateral is isolated and not lent to third parties.
- The FiRM proposal has gone through a bug bounty contest on Code4Arena.
- The launch of FiRM, DBR, and the airdrop/raffle will be ratified via an INV governance vote.