This grant funds the development of an airdrop eligibility tool designed to empower Hydro users with fast and accurate updates on their eligibility for future Cosmos ecosystem airdrops. Integrated into the SpellDrop explorer (https://spelldrop.xyz/), this tool will enhance ATOM adoption by providing real-time insights into airdrop opportunities for users locking ATOM through Hydro and holding Liquid Shares used for voting.
- Grant Goals:
Enable ATOM delegators locking their ATOM stake in Hydro to instantly view the amount of airdrop-related tokens they may be eligible for.
Cover eligibility criteria based on the claim procedures required by specific Cosmos projects offering the airdrops. - How Will This Project Drive Value for ATOM?
This tool is expected to enhance engagement in the Cosmos ecosystem by demonstrating the additional value ATOM stakers gain through Hydro with airdrops. Hydro already provides users with rewards beyond staking, such as tributes for voting. Highlighting these benefits cumulatively attracts a broader audience and drives greater participation in the ATOM Economic Zone, strengthening its adoption and utility.
Update: Hydro ATOM Airdrops led by Everstake, Grant Cancellation, statement from the Everstake Team
Everstake received a grant from AADAO to support the development of an airdrop checker tool for Hydro platform users, informing them about the amount of future airdrop they will receive for holding LSM shares on Hydro. However, after conducting initial research, we’ve identified that we are unable to proceed with building this tool due to the lack of critical data.
The main challenge lies in the uncertainty surrounding the projects — although the airdrop has been announced, there is still no information regarding the snapshot date, the total amount to be distributed, or other key details.
One of the key challenges in determining eligibility for airdrops is identifying potential recipients and distributing the tokens accordingly. This process typically requires such essential elements:
- Snapshot date for LSM token holders
- Total amount of tokens allocated for the airdrop
- LSM threshold for receiving an airdrop
Unfortunately, none of the involved projects providing airdrops for Hydro users have a snapshot date or total drop amount. Additionally, some have not yet decided on the requirements for receiving an airdrop. While we acknowledge that the necessary information could be delivered in the future, due to the uncertain terms of such events, we cannot precisely plan any development. Therefore, the Everstake team has decided to decline this grant and return the funds received to AADAO.
