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News & Updates

KeyFi DAO Airdrop Complete

Updated instructions for “claiming” your $KEYFI airdrop

The airdrop is now complete. See the instructions below to access your $KEYFI tokens.

Summary

In our original KeyFi DAO airdrop announcement and following snapshot completion confirmation, we instructed that airdrop participants will need to claim their $KEYFI airdrop tokens inside KeyFi app.

After internal discussions and a Telegram community poll about the best way to conduct the airdrop, we concluded that the airdrop would best be done on the Polygon network.

The airdrop was made on the Polygon network. Start earning $KEYFI rewards now!

The deciding factor was cost — completing the airdrop on the ETH network incurs substantial gas fees, particularly by users when claiming $KEYFI.

The final staked $KEYFI balance on January 9, 2022 was 2,822,684. Based on an airdrop rewards pool of 1,000,000 $KEYFI, each user received 35.4% gain on their staked positions.

Instructions

Step 1: $KEYFI airdropped directly to your address

One benefit of conducting the airdrop on Polygon is that your $KEYFI are sent directly to your wallet address (where your $KEYFI is staked), but on the Polygon network.

In other words, this is a “standard” airdrop.

You still needed 100% of your $KEYFI staked on January 9, 2022— this policy did not change. If you did not have the entire $KEYFI balance staked from the December 9th snapshot, you will not receive the airdrop.

Step 2: Add Polygon Network to wallet

If you are using MetaMask, the easiest way to do this is go to Polygonscan and click the “Add Polygon Network” button at the bottom of the page. Alternatively, add Polygon Network manually.

Scroll to bottom of page

If you are using Trust Wallet, your Polygon assets including your airdropped $KEYFI, should be automatically viewable, according to this Trust Wallet update. No further action should be required from you.

Step 3: Add $KEYFI token

If you’re using MetaMask, you’ll need to add $KEYFI as a custom token inside MetaMask.

  • Contract address: 0xd1a5f2a049343fc4d5f8d478f734eba51b22375e
  • Polygonscan

Step 4: Stake your $KEYFI (Polygon) tokens

We’ve created a new $KEYFI rewards pool on Polygon, which is now accessible on the standard KeyFi app > Earn page. Click here to go to KeyFi app.

What is the APR or APY (%)? Learn more here.

Next Steps

To date, we’ve completed these milestones as part of our Polygon strategic partnership:

  • Received Polygon grant
  • Completed KeyFi app’s Polygon integration
  • Launched $KEYFI Polygon token

We plan on launching more rewards and incentive programs on Polygon in the near future. Next up:

  • Launch Polygon bridge (via AnySwap)
  • More rewards pools and incentives for $KEYFI Polygon token
  • KeyFi app Swap on Polygon network
  • KeyFi app Borrow on Polygon network

🚀 Onwards and upwards,

The KeyFi Team 🗝

FAQs

Can I move my $KEYFI Polygon tokens to ETH or BSC?

The AnySwap cross-chain bridge between Polygon, Ethereum, and Binance Smart Chain will be live soon. At the moment, you can stake your $KEYFI Polygon tokens on KeyFi app.

Can I bridge my $KEYFI ETH or BSC tokens to Polygon and stake?

Same as above.

What is the APY/APR/% of the rewards pool?

We do not publish the % because we are not a yield farm. The rewards are variable and finite, designed to incentivize early adopters of the project. Please this article for more details.

How do I decide between the ETH, BSC, and Polygon rewards pools?

There are several factors:

  1. Emission Rate —All three chains’ $KEYFI rewards pools have similar emission rates.
  2. Rewards Quantity — Each pool has a different rewards balance.
  3. Participants — The more participants there are, the less share of the pool you own.

Because these factors are constantly changing, we recommend you simply decide which pool to participate in based on your preferred chain(s).

About KeyFi

Built from the ground up, KeyFi provides intelligent tools for managing your DeFi portfolio, such as custom strategy builders and yield projection. KeyFi seeks to solve challenges users face when managing their DeFi portfolios, such as juggling multiple wallets/platforms/chains, manually comparing interest rates, and the lack of historical data. This is all in service of KeyFi’s ultimate goal: to become a premier dApp for sophisticated users who want fine grain control over their assets.

Website | Roadmap | Whitepaper | Press | Token

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Read about upcoming features, improvements, and changes to the KeyFi platform.

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