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Ionic

Basic Information

InformationDetails
Project NameIonic
Project WebsiteIonic Official Website
Project DescriptionA capital-efficient money market platform for optimal asset management on Mode Network.
Project TickerION

Airdrop Details

InformationDetails
Airdrop TypeION (Governance Token)
Total Airdrop Amount20,000,000 ION tokens
Number of Eligible UsersNot Known
Number of ClaimantsNot Known

Timeline

EventDate
Blockchain SnapshotNot Known
Claiming StartedMay 03, 2024
Claiming EndsNot Known

Token Distribution

DistributionAmount
MaximumNot Known
Median/AverageNot Known
MinimumNot Known

Eligibility Criteria

Participants can earn points towards Airdrop SZN2 through the following activities:

  • Supply & Borrow on Mode Main Market
  • Supply & Borrow on Mode Native Market
  • Provide liquidity for ION/WETH LP and stake LP tokens on Velodrome
  • Provide liquidity to ionUSDC/ionUSDT on the Earn Page

Point Multipliers:

  • x1.5 on any asset supplied (e.g., USDC, USDT)
  • x2 on any yield-bearing asset supply (e.g., LRTs, LSTs)
  • x2.5 on any borrow
  • x3 on ION/WETH LP stakers on Velodrome
  • x3 on MODE supply in the Native Market

Users who participated in Airdrop SZN1 and continue to participate in Airdrop SZN2 will receive a significant multiplier.

Additional Information

  • Instant Claim Feature: After the initial distribution on May 30, 2024, users can opt to instantly claim their remaining vested tokens with a penalty that starts at 75% on day 0 and decreases linearly to 10% over the 3-month vesting period ending on August 30, 2024. Slashed tokens will be redistributed among users who vest for the entire duration.
  • Multi-Chain Expansion: Starting from May 20, 2024, Ionic plans to expand to become a multi-chain application within the OP Superchain, partnering with other major players in the collective.

Note: All dates and details are based on the official announcement as of May 16, 2024.

This post is licensed under CC BY 4.0 by the author.