Content
@
https://warpcast.com/~/channel/airdrop
0 reply
0 recast
0 reaction
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 👇
1 reply
0 recast
0 reaction
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
1 reply
0 recast
0 reaction
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.
2 replies
0 recast
0 reaction
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.
1 reply
0 recast
0 reaction
Delphi Digital
@delphi-digital
However, one of the simplest sybil strategies involves trying out all the product’s features to secure a minimal airdrop allocation. Estimating users expecting a minimal airdrop can be done by examining wallet interactions with protocol smart contracts. ⬇️
1 reply
0 recast
0 reaction
Delphi Digital
@delphi-digital
On @parcl over 158k wallets interacted with smart contracts fewer than three times, likely farming airdrops without intending continued usage post-snapshot.
1 reply
0 recast
0 reaction
Delphi Digital
@delphi-digital
Solana Growth Since Jito @jito was one of the first projects to implement a simple points program before most users became fatigued by this meta. The campaign went under the radar compared to most points programs today as it was launched in the depths of the bear market.
1 reply
0 recast
0 reaction
