Airdrops have been an essential yet often underappreciated driver of value for ATOM stakers. While many in the Atom Economic Zone (AEZ) community benefit from these distributions, there has never been a comprehensive way to quantify their full impact – until now.
Fueled by a grant by Atom Accelerator DAO (AADAO), Everstake is building Spelldrop: The ATOM Airdrop Explorer, a powerful analytics tool designed to reveal the true value ATOM holders gain from staking.
About Everstake
Everstake is a leading staking service provider dedicated to supporting blockchain ecosystems by enhancing accessibility and transparency. Their latest initiative, Spelldrop: The ATOM Airdrop Explorer, actually tracks and quantifies the benefits of staking ATOM.
To bring this vision to life, AADAO has awarded Everstake a $96,851 grant, funding the creation of a comprehensive analytics platform that allows users to visualize and monitor the cumulative value derived from staking and airdrops.
Why This Matters for ATOM Stakers
For years, ATOM stakers have passively received airdrops from projects across the AEZ, yet tracking the total value accrued has been a challenge.
Spelldrop is bridging this gap by offering a user-friendly dashboard that not only visualizes historical and ongoing staking rewards but also provides deep insights into the cumulative value of airdrops. This transparency is crucial – it allows stakers to see the real benefits of their participation, reinforcing the long-term value of securing the network.
A Data-Driven Approach to ATOM’s Growth
Everstake’s initiative tracks airdrops across key AEZ projects, including Osmosis, Evmos, Neutron, Saga, Juno, and Celestia. The platform offers retrospective data, allowing users to understand how much value they’ve accumulated since 2020. Furthermore, API endpoints are available so wallets, platforms, and interfaces across the AEZ can integrate and display this critical data, amplifying its accessibility and utility.
Each airdrop has a dedicated page with all key details. You can find them on the homepage under the main graph, and explore further by selecting any airdrop. For example, on the Osmosis page, you’ll see a graph showing Allocated and Claimed amounts, calculated at the current USD rate starting from the airdrop’s unfold until now.
On the right, you’ll find a chart illustrating the distribution of claimed vs. unclaimed amounts in both OSMO and USD. It reveals that only 36.91% of the airdrop supply was claimed.
At the bottom of the page, you’ll find the TOP Gainers and TOP Losers lists, highlighting the largest gains and losses among eligible addresses staking ATOM.
But that’s not all! SpellDrop lets you track any ATOM address to see both received and missed airdrops. Just scroll up, enter your address, and unlock exclusive analytics.
What This Grant Enables
This funding from AADAO is more than just financial support, it’s an investment in Atom’s future. The grant has and continues to empower Everstake to develop a robust infrastructure for Spelldrop, covering milestones such as:
- Establishing communication channels and onboarding project team members.
- Conducting in-depth market research to ensure the tool meets user needs.
- Designing an intuitive UI with mockups for seamless user interaction.
By ensuring that ATOM stakers can track and quantify their earnings, this initiative directly enhances the attractiveness of staking ATOM, encouraging wider participation and reinforcing the Hub’s role as a central pillar of the ecosystem.
Anyone can estimate their possible earnings from airdrops tailored to staking by entering an ATOM amount into the ROI calculator. It instantly shows the ROI percentage along with values in USD, including staking rewards and airdrops, calculated from 01.01.2021 onward.
The Bigger Picture
Airdrops have been a unique incentive for ATOM holders, but without clear data, their impact has been difficult to measure. Spelldrop changes this, offering real-time insights that benefit both individual stakers and the broader AEZ community. By making staking rewards and airdrops more transparent, this initiative strengthens ATOM’s value proposition and fosters greater adoption of the Cosmos Hub.
With AADAO’s support, Everstake is delivering a game-changing tool that ensures every ATOM holder fully understands and benefits from their participation.
Are you an avid ATOM airdrop participant? Check out Spelldrop: The ATOM Airdrop Explorer here.
About the Atom Accelerator DAO
Atom Accelerator DAO (AADAO) is a governance-mandated DAO of the Cosmos Hub. We have been formed and mandated to drive value for the Cosmos Hub and ATOM, supporting initiatives that either directly create economic impact or produce value that can drive its growth. From this, our current primary mandates are public grants and venture grants.
*Note: Effective January 1, 2025, AADAO has been sunset and is now in maintenance mode. The program is no longer accepting new grant applications or pursuing new investment agreements.
In 2023, we deployed $3.8 million in grants to 39 recipients – resulting in, among other things – a $22m USD airdrop to the Community Pool, an AEZ Accelerator program to expand the AEZ, a successful hackathon with 42 project submissions bringing innovations to the AEZ – and many other key initiatives. Read about them in our 2023 Impact Report.
