NEAR Protocol
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NEAR Protocol

Cornerstone Announces Upcoming Airdrop for LiNEAR Users

Dear LiNEAR users,

We are grateful for your support and early participation in the Cornerstone ecosystem. To show appreciation, there is no better way than to airdrop $CORN tokens to the most dedicated LiNEAR users who are committed to the long-term success of Cornerstone.

Cornerstone is a metagovernance protocol for DeFi, Web3, social, gaming, and more for the NEAR ecosystem. As the first Cornerstone-incubated project, LiNEAR has been developed into the safest liquid staking protocol on NEAR.

In the near future, LiNEAR will use $CORN as its governance token, while the key parameters of LiNEAR such as protocol fees, incentive methods, and the distribution of $NEAR staking rewards will also be governed by $CORN holders. Its native token $LiNEAR will be the first token that can be used to mint $CORN and fully captured by the Cornerstone treasury.

The Great Snapshot

The first snapshot will start between July 20 to 25, 2022, and a total of 10 snapshots will be taken before Cornerstone is officially launched (around August to September). The distribution of $CORN airdrop will be finalized closer to the launch date and according to:

  • The amount of $LiNEAR that a user hold - whether these $LiNEAR are in the user’s wallet or being used in other protocols (such as LP on Ref.finance and Jumbo, and deposits on Burrow, etc.)
  • The duration of a user’s holding of $LiNEAR

Vested $CORN Airdrop Details

10,000 $CORN tokens (estimated to be 1% of the total supply) have been allocated for this airdrop. $CORN will be dynamically priced at this launch and expected to be priced between US$30–1000.

Note: The exact amount of $CORN that a user can receive will be subject to the accumulated supply growth after Cornerstone goes live.

Here’s an example:

User A gets 100 $CORN in this $CORN airdrop, when the minting of $CORN reaches 10,000, the amount of $CORN that User A can claim = 100*(10,000*0.1%)/10,000= 1 $CORN. When the minting of $CORN reaches 100,000 after the token launch, the amount of $CORN that can be claimed by User A = 100*(100,000*0.1%)/10,000=10 $CORN; when the minting of $CORN reaches 1,000,000 after the token launch, User A can claim a total amount of $CORN = 100*(1,000,000*0.1%)/10,000=100 $CORN.

Learn about how to stake on LiNEAR and join the $CORN airdrop now.

LiNEAR tutorial:

Farming Guide on Ref.finance: ​​

Staking Guide on Trisolaris and Pinkpea:

About LiNEAR

LiNEAR Protocol is the most secure liquid staking solution built on NEAR. LiNEAR unlocks liquidity of the staked NEAR by creating a staking derivative to be engaged with various DeFi protocols on NEAR and Aurora, while also enjoying over 10% APY staking rewards of the underlying base tokens. As a Cornerstone-incubated project, LiNEAR will adopt $CORN as its governance token and its native token $LiNEAR will be fully captured by the Cornerstone treasury.

About Cornerstone

Cornerstone is an infrastructure layer that functions as both an ecosystem index fund and a metagovernance hub of NEAR and Aurora. It accrues mainstream assets, such as NEAR, Aurora and USN, as well as the governance tokens of top Dapp protocols in its treasury, partnering with 25+ protocols. Cornerstone enables its users to govern and capture value across the entire ecosystem with just one token, $CORN, simplifying the onchain experience for users.

Links

Website: https://corndao.org/

Medium: https://medium.com/@CornerstoneDAO

Twitter: https://twitter.com/CornerstoneDAO

Discord: https://discord.com/invite/bkkvWwMf2T

Telegram:https://t.me/cornerstonedao

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CornerstoneDAO

CornerstoneDAO

Cornerstone, the metagovernance hub for NEAR, Aurora, and more