What Was the ParaSwap Airdrop?
ParaSwap, a decentralized exchange (DEX) aggregator, conducted a retroactive airdrop to distribute its native governance token, PSP. The goal was to reward the early adopters and active community members who contributed to the protocol's growth on chains like Ethereum and Polygon. This type of airdrop is a common strategy in DeFi to decentralize governance and empower the most loyal users.
How Eligibility Was Determined
Unlike a live campaign, this airdrop was based on past actions. The core of a retroactive airdrop is a "snapshot"—a moment in time where a project records all user activity up to that point. For the ParaSwap airdrop, eligibility was determined by analyzing on-chain history.
Key factors for qualification typically include:
- Transaction History: Making swaps through the ParaSwap interface.
- Frequency of Use: Consistent interaction with the protocol over time.
- Transaction Volume: The total value of assets swapped.
Specific thresholds and the exact snapshot date were determined by the ParaSwap team to ensure a fair distribution to genuine users.
Airdrop Concluded
The opportunity to claim PSP tokens from this retroactive airdrop has now passed. The official deadline was November 24, 2023. This page serves as a historical record of the event for research and informational purposes. While you can no longer claim these tokens, understanding how projects like ParaSwap reward their communities can be valuable for engaging with future opportunities in the crypto ecosystem.