Basic Information
| Information | Details |
|---|---|
| Project Name | ParaSwap |
| Project Website | ParaSwap |
| Project Description | A decentralized exchange aggregator providing optimized swap rates across multiple liquidity sources. |
| Project Ticker | PSP |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | Retroactive |
| Total Airdrop Amount | 150 million PSP tokens (7.5% of total supply) |
| Number of Eligible Users | 20,000 |
| Number of Claimants | 14,131 |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | 8th October 2021 |
| Claiming Started | 16th November 2021 |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount (PSP) |
|---|---|
| Maximum | 10,400.00 |
| Median/Average | 7,800.00 / 7,501.20 |
| Minimum | 5,200.00 |
Eligibility Criteria
The airdrop targeted “active users” rather than those with the highest volume. Eligibility was based on:
- Users who interacted with ParaSwap frequently over time
- Wallets with at least 6 transactions in the last 6 months before the snapshot
- Exclusion of addresses identified as airdrop hunters using multiple accounts
- Users were assigned points based on transaction count, swap amounts, and network usage:
- 10+ transactions → +1 point
- Single transaction USD value (>$100 → +1 pt, >$1K → +2 pts, >$10K → +3 pts, >$100K → +4 pts)
- Total volume swapped (>$100 → +1 pt, >$1K → +2 pts, >$10K → +3 pts, >$100K → +4 pts)
- Usage across multiple networks → +1 pt
- Rewards distribution based on points:
- >7 points → 10,400 PSP
- 4-7 points → 7,800 PSP
- ≤3 points → 5,200 PSP
Important Links
- Official Announcement Blog Post
- List of Eligible Addresses
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
Additional Information
- The distribution aimed to exclude airdrop hunters and reward long-term, engaged users.
- The snapshot data was collected using ParaSwap Subgraphs and CoinGecko price feeds.
- Users from integrations like Argent and CowSwap were included via special filtering methods.
- Wallets identified as hunter accounts (large blobs of linked addresses, low balance, minimal historical use) were excluded.