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https://warpcast.com/~/channel/airdrop
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Delphi Digital
@delphi-digital
Do Airdrops Hurt More Than They Help? At their best, airdrops decentralize the protocol, reward early users, and solidify a community. At their worst, airdrops alienate users, curb momentum, and leak massive value to sybils. An excerpt from our latest deep dive 👇
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Delphi Digital
@delphi-digital
Airdrops have become increasingly scrutinized and are rarely celebrated now. In his latest report, Neel unpacks recent airdrops, analyzes protocol health pre & post airdrops, evaluates key metrics to monitor, and discusses potential solutions for token launches.⤵️ https://delphi.link/AirdropsReport
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Delphi Digital
@delphi-digital
Airdrops originally started by retroactively rewarding users for their behavior (trading volume on dYdX, ENS domain..). But now, most airdrop programs follow a points program, wherein the protocol team determines how to value user behavior and allocates tokens accordingly.
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Delphi Digital
@delphi-digital
Another popular trend is airdropping tokens to strong crypto communities that aren't direct users of your protocol but boost its visibility. 👉Milady, Pudgy Penguins, and MadLads have received several popular airdrops in the past year, including $TIA, $ENA, $L0, $W, and $ZK
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Delphi Digital
@delphi-digital
The Kamino Case Kamino is a unique case study to analyze for its airdrop strategy since its points program helped them efficiently execute their user acquisition plan and dethrone marginfi as the leading money market on Solana.
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