Basic Information
| Information | Details |
|---|---|
| Project Name | Saddle Finance |
| Project Website | Saddle Finance |
| Project Description | A decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. Saddle enables fast, low-cost, and low-slippage swaps for traders and high-yield pools for LPs. |
| Project Ticker | SDL |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | SDL (Governance Token) |
| Total Airdrop Amount | 150,000,000 SDL (vested over 2 years) |
| Number of Eligible Users | Not Known |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | Not Known |
| Claiming Started | November 16, 2021 |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | Not Known |
| Median/Average | Not Known |
| Minimum | Not Known |
Eligibility Criteria
- Historical LPs: 105,000,000 SDL (10.5%)
- veCRV Holders: 30,000,000 SDL (3%)
- Any address that called Saddle contracts: 5,000,000 SDL (0.5%)
- Multisig signers: 5,000,000 SDL (0.5%)
- Early depositors: 5,000,000 SDL (0.5%)
The token is initially non-transferable for 3 to 12 months. Governance may vote to enable transfers after 3 months, and transfers can be enabled by anyone after 12 months.
Important Links
- Official Announcement: Saddle Blog Post
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
- Saddle dApp: Saddle dApp
- Governance Discussions: Saddle Discourse
- Official Announcement’s Tweet
Additional Information
- Total SDL Supply: 1 billion SDL minted at genesis, distributed over 2-3 years.
- Token Allocation:
- Saddle community members: 51% (510M SDL)
- Investors: 22.5% (225M SDL)
- Team members: 25.9% (259M SDL)
- Advisors: 0.6% (6M SDL)
- Ways to Earn SDL:
- Liquidity Mining: 50M SDL (5%) allocated across Ethereum, Arbitrum, and Optimism.
- bounties4bandits (b4b) Program: 7.5M SDL (0.75%) for community grants via a community multisig.
- Governance:
- Initial proposals will be on Snapshot, with execution by the community multisig.
- Discussions will be hosted on Discourse.
- Future plans for on-chain governance using Compound Governor Bravo.
- Saddle on L2:
- Launched on Arbitrum with an incentivized stablecoin pool (USDC, USDT, DAI).
- 4,958,678 SDL (~0.5% of total supply) allocated over ~6 months for this pool.
- Incentives began on November 18, 2021.