Who is eligible to receive ether.fi’s ETHFI airdrop?

ether.fi’s ETHFI airdrop will go live this morning! Who is eligible for the airdrop and how do you claim your allocation?

At the current price of $3.40 per ETHFI, the protocol’s 68 million token airdrop created $230 million in free wealth for early members of its community!

90% of the airdrop shares are allocated to staking users; as long as they obtain more than 1,000 points (equivalent to staking 1 ETH in one day or 0.1 ETH in ten days), they are eligible to participate in the distribution, and those who hold Users with successful badges or referrals will receive additional rewards.

Quick View:

1. We gave away 68 million tokens in the first quarter, accounting for 6.8% of the supply;

We have considered the community’s feedback, The decision was made to increase the token allocation to over 12 million, accounting for an additional 1.2% of the total supply. This move injects capital into smaller stakeholders without compromising whales.

3. The average number of airdrops received by each user is 575 tokens, with a median of 175 tokens;

4. The largest allocation is approximately 3 million tokens , this person deposited $480 million during the final countdown event;

5. Deposits during the final countdown event resulted in others adding 7.7 million tokens!

Season 1 Token Distribution:

• 90% to stakers;

• 6% to partners;

• 4% to early adopters (fan NFT holders and EAP participants).

Stakers received 90% of the proportional share (61 million tokens), the distribution is linear but biased towards smaller stakers;

ranked lower 50% of wallets contributed 1.8% of TVL and received 18% of the token allocation;

The top 10% of wallets contributed 88% of TVL and received 65% of the token allocation.

Qualifications for airdrops:

• Pledge 1,000 points to get more than 1,000 points, which is equivalent to pledging 1 ETH/day, or pledging 0.1 ETH/10 days;

• Fan NFT holders can receive 430 tokens per NFT;

• Independent pledgers participating in "Solo Staker Operation" received 4,200 tokens Coins;

Badge holders and referrers receive more allocations.

Who is not eligible?

• Users who have earned less than 1,000 points through staking activities (i.e., if a user’s points come entirely from badges, they will not receive an airdrop);

• Users who have not been converted out of EAP.

Frequently asked questions:

1. Why choose a linear model instead of a hierarchical model?

For staking protocols, especially those integrated with Pendle, where layered airdrops are highly susceptible to manipulation and generally subject to Sybil attacks, (mostly) linear airdrops are critical in order to respect YT holders.

2. Did last week’s whale dilute the value of everyone else?

No, in fact large deposits increase everyone's allocation. The Final Countdown Promotion is a matching model where every 50,000 ETH staked will earn 0.125% of tokens and existing stakers will receive a matching 0.125%. As a result of the final countdown, the community received an additional 7.7 million tokens allocated to them.

While the distribution of ether.fi is primarily a linear distribution based on ETH deposits, it is biased in favor of certain stakeholder groups, with the bottom 50% of wallets contributing 1.8% of TVL and receiving 18% of tokens.

Due to this allocation, later whales also managed to cash out large sums, Justin Sun received nearly 3.5 million ETHFI tokens (worth 1170 at the time of analysis) after depositing 120,000 ETH into ether.fi Ten thousand U.S. dollars).

For those of you who missed out on the ether.fi airdrop, do not despair, because now is the time to turn your regrets about not taking advantage of this opportunity into action and prepare for future airdrop opportunities! Not only is ether.fi promising an additional 5% of the token supply during the second airdrop, but there are multiple other token-less restaking projects, making interacting with projects in this space a lucrative prospect.

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