nick.base.eth
@nickprince.eth
Has anyone done a community airdrop with a lockup? If not, why is that? Seems like it would solve a lot of problems. Even professional long term investors can’t keep their finger off the trigger w/o a lockup mechanism. Can’t expect airdrop recipients. Can combine immediately liquidity with a linear vest (eg every block to avoid cliffs impacting market price)
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nick.base.eth
@nickprince.eth
Most teams opt for manufacturing a similar outcome by doing a bunch of airdrops over time. Doesn’t seem like it’s working well enough to not try something different. Also can explore lockups on the top X% of recipients, moreso targeting farmers who will insta-dump in size
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0xEnigma
@0xenigma
Ethena $ENA had vesting for top farmers. 50% was unlocked and the rest vested over 6 months with new unlocks weekly. it curbed the major dumping but also it was changed a few times and the locked tokens weren’t known till the TGE. it was a bait and switch they def didn’t tell anyone about lockups for the campaign
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nick.base.eth
@nickprince.eth
Yeah def need to communicate more clearly than that and not move the goal post. Also think 6mo is not nearly long term enough
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