💎 Airdrop Mechanics for Injera’s $GEM

Injera
2 min readMay 28, 2024

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As we navigate the eventual airdrop of the $ERA token, we will lead it with Season 1 of ERA $GEM farming. $GEM exists as a transferrable token that represents your eventual share of the $ERA airdrop when we conduct a TGE (Token Generation Event).

The following are scenarios in which you will be rewarded for Season 1 of $ERA airdrop farming:

Injective Ecosystem holder

  • Hydro Protocol: hINJ stakers inside of Injera money market will earn $GEM emissions at 1x multiplier
  • Neptune: nINJ stakers inside of Injera money market will earn $GEM emissions at 1x multiplier
  • DojoSwap LSD: dINJ stakers inside of Injera money market will earn $GEM emissions at 2x multiplier

Injera Protocol user

  • USDi stakers: A portion of $GEM will be distributed to USDi stakers (target TVL of 100 mil USD)
  • Helix LP for USDi-USDT: A portion of $GEM will be distributed to Helix Grid Trading Bot where users share in this LP pair will be rewarded proportionately to the amount of $GEM allocated

Dojoswap Ecosystem holders

  • For $DOJO holders: For each $100 in value you hold in farm/vault, you will receive 1 $GEM a day. This includes LP value of DOJO-INJ, DOJO-dINJ, DOJO-SUSHI, DOJO-DAOJO and all staked amounts will count
  • For $SUSHI holders: For each $100 in value you hold, you will receive 1 $GEM a day
  • For $SUSHI OMA holders: For each 100 OMA you hold, you will receive 0.2 $GEM as of snapshot
  • For $DAOJO holders: For each $100 in value you hold, you will receive 1 $GEM a day. Bonus 1.5x multiplier to those who have staked DAOJO for more than 20 days
  • For $babyDOJO holders: For each $100 in value you hold, you will receive 1 $GEM a day. Bonus 1–2x multiplier based on your average holding period (This multiplier will be calculated based on the cumulative daily reflection value being accrued to you)

DojoSwap Validator

  • DojoSwap Validator: For each $100 in value staked, you will receive 0.3 $GEM a day

Injera Money Market user

A flexible GEM emission schedule will be put in place to encourage supply of major assets like INJ, BTC, ETH, SOL

  • Numbers might be subjected to some adjustment. Snapshot and starting date to be announced.

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Injera

Highly Capital Efficient Synthetic Dollar on Cosmos Powered by its native CDP Money Market.