Y2K Airdrop for veNEWO Lockers (Outdated)
Our next incubated project, Y2K Finance, is a suite of structured products designed for exotic peg derivatives that allows users to hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets) deviating from their ‘fair implied market value’.
Today, Y2K Finance launched on Arbitrum and announced details on their Initial Farm Offering (IFO) here. In exchange for incubation, the New Order DAO treasury will receive 10% of the total Y2K token supply, 2% of which we will be allocating towards an airdrop to veNEWO lockers. The remaining 8% allocated to our treasury will be vested with the same terms as the Y2K core team.
Earlier this year, we launched veNEWO — a system that allows users to lock their NEWO for a set period and receive governance power and protocol rewards depending on their duration (i.e. longer = more rewards). Among these perks was the opportunity to earn airdrops from incubated projects, which current lockers will soon receive from the successful launch of Y2K.
Airdrop Info for veNEWO Lockers
- 2% of total Y2K token supply
- 3 tranches over 3 months
- Allocated proportionally among veNEWO lockers
- Snapshot was taken on Monday, October 31st at 8am EST
To clarify, this means all eligible lockers will receive an allocation of Y2K tokens proportional to their veNEWO holdings (i.e. more veNEWO = larger Y2K token allocation) throughout the next three months. To be eligible for the airdrop, a user must have been an existing veNEWO locker at the day and time the snapshot was taken. If you locked for veNEWO after the snapshot was taken, you will not receive any Y2K tokens from the airdrop.
