| Information | Details |
|---|
| Project Name | Pika Protocol |
| Project Website | Pika Protocol |
| Project Description | A decentralized derivatives trading platform providing high-leverage trading with deep liquidity and efficiency. |
| Project Ticker | PIKA |
Airdrop Details
| Information | Details |
|---|
| Airdrop Type | Retroactive |
| Total Airdrop Amount | ~6.2 million esPIKA (6.2% of total supply) |
| Number of Eligible Users | Not Known |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|
| Blockchain Snapshot (Pika v1) | January 26, 2022 |
| Blockchain Snapshot (Pika v2) | July 17, 2022 |
| Blockchain Snapshot (Pika v3) | April 1, 2023 |
| Claiming Starts | Next week (relative to June 19, 2023) |
| Claiming Ends | Not Known |
Token Distribution
| Score Level | esPIKA Token Amount | Number of Addresses |
|---|
| 1 | 150 | 15,310 |
| 2 | 300 | 2,771 |
| 3 | 700 | 848 |
| 4 | 1,500 | 150 |
| 5 | 2,000 | 46 |
| 6 | 2,500 | 19 |
Eligibility Criteria
Score Calculation for Airdrop Eligibility
The score of each address is determined by the sum of:
- Trading Score - Based on the trading fees paid across all versions of Pika Protocol:
| Trading Score | Paid Trading Fee (USDC) | Number of Addresses |
|---|
| 1 | ≥5 | 8,551 |
| 2 | ≥50 | 935 |
| 3 | ≥500 | 262 |
- LP Score - Determined by weighted shares staked in the USDC vault:
| LP Score | Weighted Shares | Number of Addresses |
|---|
| 1 | ≥100 | 10,524 |
| 2 | ≥1,000 | 1,345 |
| 3 | ≥10,000 | 488 |
Weighted Shares Calculation for LP Score
The LP score is calculated based on weighted shares in the USDC vault:
- Formula:
1
| weighted shares = (staked shares amount * average staked time) / 30 days
|
- In Pika v1, staked shares are multiplied by 3 because one v1 share equals an average of 2.5 USDC.
- In Pika v2 & v3, one share is equivalent to approximately 1 USDC.
Example calculation: If a user staked 1 share in Pika v1 for 15 days, 1 share in Pika v2 for 60 days, and 1 share in Pika v3 for 90 days, their total weighted shares would be:
1
| (1 * 3 * 15 / 30) + (1 * 60 / 30) + (1 * 90 / 30) = 6.5
|
Additional Airdrop Considerations
Important Links
- esPIKA tokens will vest for one year before converting into PIKA tokens.
- Snapshots for eligibility were taken on January 26, 2022 (Pika v1), July 17, 2022 (Pika v2), and April 1, 2023 (Pika v3).
- Airdrop claimability starts next week from the announcement date (June 19, 2023).
