Ecosystem Airdrops: Velodrome (🚴,🚴)

Introduction:

The second of our “Ecosystem Airdrops” series article is here to inform loyal Velodrome users about the airdrop set to be made to them. This series aims to disclose the specifics of forthcoming airdrops tailored for loyal users across various protocols. In this second article, we delve into the details of the Velodrome airdrop.

Why Velodrome?

In our last article, we briefly explained the Sonne Finance and Velodrome relationship and how we want to build the same relationship with Thena. Since Velodrome and Sonne first founded this strategic partnership, we wanted to airdrop veVELO holders as a token of our esteem and respect for the respective protocols.

Eligibility Conditions and Distribution Method

A portion constituting 0.5% of the initial $SEF distribution, equivalent to 500K $SEF tokens, has been allocated for Velodrome users. The distribution method and eligibility conditions are outlined as follows:

• The snapshot for the top 200 $veVELO holders is taken. The allocated 500K $SEF tokens will be distributed based on their respective holding amounts.
• Airdropped tokens will be claimable on our DApp upon launch by eligible wallet addresses.
• Half of the $SEF tokens distributed in this manner will have linear unlock (vesting) for 3 months. The remaining half of the tokens will be unlocked all at once at the end of 3 months (cliff).
• Eligible participants can claim their airdropped tokens within a four-week window following the launch. Unclaimed tokens after this period will be redirected to the “Community Airdrops” pool for future airdrop activities.

Stay in the Loop

This concludes the second chapter of our “Ecosystem Airdrops” saga. We have one last collaboration lined up. Stay tuned for upcoming announcements and join our socials for the latest updates.

Coming next in the series: Mendi Finance