zkLend, a money-market protocol built on StarkNet, is rewarding its early supporters with a token airdrop. This airdrop, dubbed "SZN 1." marks the first distribution of ZEND tokens, zkLend's native cryptocurrency. Here's a breakdown of what you need to know about the kind airdrop, including eligibility, claim details, and what to expect in the future.
Who is Eligible for the zkLend Airdrop (SZN 1)?
zkLend is recognizing the contributions of its early adopters who participated in the protocol's development during its Mainnet Alpha and subsequent phases. If you actively interacted with zkLend during these periods, you might be among the lucky 42.695 recipients to receive an airdrop.
Unfortunately, there isn't a publicly available list of specific actions that guarantee eligibility. However, interacting with the protocol through supplying, borrowing, or any other functionalities on zkLend's Mainnet Alpha or later versions likely played a role in determining who would receive tokens.
How to Claim Your zkLend Airdrop
The good news is that claiming your ZEND tokens is a straightforward process. On March 14. 2024. head over to zkLend's app and navigate to the airdrop section. There, you will be able to check your eligibility and claim your allocated tokens if you're on the list.
What's the Breakdown of the zkLend Airdrop (SZN 1)?
zkLend is allocating a generous portion of its total token supply for airdrops. For SZN 1. a total of 4% of the ZEND tokens will be distributed to the 42.695 qualifying participants. This translates to approximately 3.890.250 ZEND tokens being distributed in this first round.
It's important to note that the tokens won't be entirely accessible immediately. The airdrop implements a vesting schedule. On March 14th, 25% of your allocated tokens will be unlocked, allowing you full access to them. The remaining 75% will be vested linearly over 90 days, with the entire airdrop claimable by June 12. 2024.
What About Future zkLend Airdrops (SZN 2 and Beyond)?
The SZN 1 airdrop is just the beginning. zkLend has announced its commitment to reward its community through future airdrops. Over 35% of zkLend's tokenomics are dedicated to reward allocation, hinting at the possibility of more airdrops in the pipeline.
While details about SZN 2 are scarce, zkLend has revealed that it will coincide with the launch of key features like isolated markets, vault strategies, and a transaction builder. This suggests that future airdrops might reward participation in these upcoming functionalities.
Conclusion
The zkLend airdrop (SZN 1) signifies the project's appreciation for its early supporters and its commitment to fostering a thriving community. With a sizable portion of tokens dedicated to rewards, zkLend offers an enticing prospect for those who actively engage with the protocol. Keep an eye out for future announcements regarding SZN 2 and beyond, as zkLend seems poised to continue rewarding its user base.
Who is Eligible for the zkLend Airdrop? How to Claim Your zkLend Airdrop? - I hope this article was informative.
