Fluidity Unveils Groundbreaking Airdrop and ICO: Shaping the Future of DeFi Governance
Fluidity, a pioneering force in decentralized finance (DeFi), is proud to announce major milestones achieved over the past two months. These accomplishments mark significant progress in the evolution of our platform and the broader DeFi ecosystem.
In just 30 days, Fluidity has soared past the $2 billion mark in trading volume with fUSDC, an achievement made possible by the innovative utility incentives integrated into our system. More than 50% of this volume has been both productive and fee-generating, validating Fluidity's core thesis that order flow can be directed through utility incentives. As a result, Fluidity has emerged as a vital tool for protocols seeking to boost their trading volume through the $FLY token.
To express our gratitude to the community for their unwavering support, we extend our heartfelt thanks. Without your dedication and engagement, these milestones would remain unattainable. However, this is merely the beginning of Fluidity's journey, and we remain committed to rewarding our users with new utility mining initiatives and loot bottle campaigns.
Airdrop Allocation
As part of our commitment to inclusivity, we have established clear criteria for eligibility in our Airdrop Season 2 recap. Participants who meet any of the following requirements are eligible for the airdrop:
- Participation in Airdrop Season 1 or Season 2
- Providing liquidity on Camelot, Trader Joe, or Ramses pools during Season 2
- Holding more than 10 fUSDC at the conclusion of Season 2
- Contributing more than 100 fUSDC in volume on Arbitrum outside of Seasons 1 and 2
- Minting more than 10 fUSDC on Solana and contributing more than 100 fUSDC in volume
- Contributing more than 100 fUSDC in volume on Ethereum
- Participation in the Ropsten Testnet
- Holding a Surfer NFT at the end of Season 2
- Participating in a round of Russian Roulette with fUSDC during our weekly community calls
- Holding Surfer Level 4, 5, or 6 and submitting information via Wispform
- Ranking among the top 2500 users on Camelot or Jupiter Aggregator by volume
In total, over 47 million loot bottles have been distributed during this epoch, with a total airdrop allocation of 37,721,883 $FLY tokens. The snapshot for this allocation was taken at the conclusion of Season 2 at Arbitrum Block 181628709.
What's Next?
Looking ahead, Fluidity is gearing up for its Initial Coin Offering (ICO) on Moby, scheduled for March 14th. Unlike traditional ICOs, there is no whitelist requirement; however, Moby stakers will receive priority. Following the ICO, liquidity for the $FLY token will be added, allowing participants to claim their airdrop allocation and tokens acquired through the public sale.
Post Token Generation Event (TGE), we will unveil new utility mining and loot bottle campaigns. Furthermore, Fluidity and fUSDC will be integrated into our new Layer-3 Chain, Superposition. The $FLY token will play a pivotal role within this ecosystem, offering holders exposure to Superposition. The first application on the Layer-3 chain, Long Tail, is poised to revolutionize decentralized finance by providing the cheapest Automated Market Maker (AMM) on Arbitrum, leveraging Fluid Assets and utility mining to reward every swap.
We are also committed to enhancing our governance mechanisms, including $FLY staking, utility vaults, and gauges. From day one, users will have the opportunity to stake their $FLY tokens and actively participate in decision-making processes.
Understanding the $FLY Token
At the heart of Fluidity's governance framework lies the $FLY token. This versatile token facilitates staking, revenue sharing, governance, utility mining, and decision-making on key protocol parameters. Moreover, it grants holders exposure to the Superposition Layer-3 ecosystem.
Through $FLY, token holders wield the power to influence order flow, as the distribution of utility mining incentives is controlled via utility gauges. Fluidity serves as a marketplace for order flow, with protocols incentivizing $FLY holders to direct volume towards their platforms.
These groundbreaking capabilities are made possible through utility mining, gauges, and vaults, representing the cornerstone of our governance mechanics. Protocols can leverage these tools to enhance their trading volume and steer order flow according to their preferences.
As we embark on this journey, we remain steadfast in our belief that the utility thesis will underpin one of the most significant narratives in the upcoming DeFi cycle.
