Popcorn Airdrop to Yearn Users

Popcorn Proposal: https://forum.popcorn.network/t/pop-airdrop-to-strategic-partners/637

Summary:

This proposal aims to increase participation in PopcornDAO’s decentralized governance by airdropping to strategic partners in the crypto and DeFi ecosystem. The proposal seeks to invite active community members and contributors from other DAO’s of protocols that Popcorn is currently collaborating with or planning to collaborate with in the future. The goal of the airdrop is to convert users from other DAO’s that have historically staked their tokens and participated in governance, and by virtue of airdropping, generate awareness for Popcorn and the utility of the POP token.

WHAT IS POPCORN?

Popcorn is an audited, non-custodial DeFi wealth manager with liquid asset strategies that simultaneously funds nonprofits and social impact organizations.

Recipients:

Project Addresses POP per person Total POP
Yearn 1,089 25 27,200
Convex 766 25 19,200
Olympus DAO 1,000 25 25,000
ENS 906 25 22,800
Radicle 171 25 4,300
Gitcoin 631 25 15,775
TOTAL 4,571 TOTAL 114,275

Abstract:

DAO’s consist of token holders that are eligible and incentivized to participate in governance to help achieve its vision. Token issuance and distribution are required to create a DAO and airdrops serve as a vehicle for increasing the size of the community as well as furthering decentralization. Airdrops also serve as an integral component in marketing strategy as a recruiting tool to attract active members from other DAO’s to participate in Popcorn’s decentralized governance.

Motivation:

A larger and more engaged community that can help PopcornDAO create positive global impact via permissionless and non-custodial yield-generating products is the goal. Recipients are encouraged to stake their POP to participate in PopcornDAO governance.

POP is a governance token that aligns incentives across all stakeholders including users, POP token holders, non-profit beneficiaries, the core team, advisors, and partners.

Token holders participating in Popcorn governance such as beneficiary nominations and grant elections must stake and lock POP for vlPOP to receive non-transferable voice credits. The longer token holders lock their tokens, the more voice credits are earned and the greater their claim to POP rewards. In addition, participating in beneficiary governance also offers token holders a chance to earn even more POP tokens through “Vote Mining” incentives.

Concerning Popcorn’s DeFi products, vlPOP holders will be able to:

  • Vote on which products receive POP emissions
  • Vote on how much POP is directed towards products
  • Earn staking rewards (trading fees)
  • Earn boosted rewards on products depending on a user’s voting power
  • Receive Airdrops

Eligible Candidates

Yearn.Finance

Eligible addresses: 1,089

Methodology: User-owned accounts that transferred yVault tokens 4 times or more are eligible for the airdrop.

Convex Finance

Eligible addresses: 766

Methodology: User-owned accounts that locked CVX 15 times or more are eligible for the airdrop.

Olympus DAO

Eligible addresses: 1,000

Methodology: The top 1,000 addresses with OHM that staked 6 months within the protocol’s inception and have staked OHM more than 3 months are eligible for the airdrop.

ENS Domains

Eligible addresses: 906

Methodology: Addresses were collected using the OnChain events tracking for the ENS token contract and scored based on delegating frequency 3 times or higher per user.

Gitcoin

Eligible addresses: 631

Methodology: Addresses were collected using the OnChain events tracking for the GTC token contract and scored based on delegating frequency 3 times or higher per user.

Radicle

Eligible addresses: 171

Methodology: Addresses were collected using the OnChain events tracking for the RAD token contract and scored based on delegating frequency 1 or higher.

Please vote Yes if you support this proposal or No if you don’t support this proposal.:point_down:
https://forum.popcorn.network/t/pop-airdrop-to-strategic-partners/637

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