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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nick.base.eth
@nickprince.eth
Variable lockup based on size might be over complicating it, but need more teams experimenting to validate. Haven’t ever seen it tried. Think it’s def worth trying if you haven’t done much to mitigate farmers. Friendtech was in an ideal position to try this but didn’t.
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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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