A series of 36 monthly FlareDrops totalling 24.2 billion FLR can be claimed by active Flare community members who have wrapped their Flare tokens.
- A wallet must have held Wrapped FLR (WFLR) for the 23 days before each claim day to be eligible to claim a portion of that month’s FlareDrop. These 23 days constitute the “Holdings calculation period”.
- Three random blocks are chosen during those 23 days to calculate the average holdings of all wallets.
- The number of FlareDrop tokens that a wallet can claim in any month based on its relative share of all WFLR in circulation.
- No Flare related entity, employee or founder may use their token allocation to claim a portion of the FlareDrops.
- A total of 24,246,183,166 FLR will be split into the 36 FlareDrops.
- Tokens will be claimable at 12:00 UTC every 30 days starting on 17th March 2023.
- 67 days after each distribution, any unclaimed tokens will be burned. This is 90 days from the start of the holdings calculation period.
- There will be 35 distributions of 676,040,637 FLR and one final distribution of 584,760,871 FLR in month 36.
How to claim
- FlareDrops can be claimed using the Flare Portal by connecting a wallet that held WFLR during the Holdings calculation period.
- BiFrost Wallet will offer native functionality for claiming FlareDrops, similar to the existing functionality for claiming FTSO Delegation Rewards.
- There is also the option to set up autoclaiming which will ensure FlareDrop tokens are automatically and immediately claimed in return for a fee. This will maximize compounding, save time, and avoid unnecessary exposure of a cold wallet.
- Advanced users can also claim by interacting directly with the smart contracts.