Airdrop #2

Airdrop #2 — the January 2022 snapshot, eligibility, boost mechanics, and three-year distribution. Concluded.

This page is kept for historical reference. The Airdrop #2 snapshot took place on January 15, 2022, and the 3-year distribution has concluded — unclaimed AQUA was returned to the Community DAO fund.

Who was eligible?

Any wallet, old or new, was able to take part in Airdrop #2. To be eligible, a wallet needed to hold a balance of at least 500 XLM (or yXLM) & at least 1 AQUA at the time of the snapshot.

The reward calculation was based on the XLM, yXLM, and AQUA holdings in the wallet. You could check your eligibility at aqua.network/airdrop2.

When was the snapshot?

The snapshot occurred on January 15, 2022, at 00:00:00 UTC.

Were there any CEXs taking part?

Yes, a few CEXs took part. You can find them all in the following Medium article: Airdrop #2 — Participating Exchanges

How big was Airdrop #2?

Airdrop #2 distributed 15 billion AQUA tokens. These tokens were shared amongst all eligible users depending on their XLM, yXLM, and AQUA holdings at the time of the snapshot.

Taking a simple example, a user holding 5,000 XLM received 5 times more AQUA than a user holding 1,000 XLM.

How was it distributed?

Airdrop #2 was distributed using claimable balances on the Stellar network. The distribution ran for three years (36 months) under the following rules:

🔶 Payments for all airdrop rewards were locked in claimable balances before Feb 15, 2022.

🔶 Each reward was split into 36 payments, unlocking monthly over 3 years.

🔶 The first payment became available to claim in March 2022.

🔶 Every wallet received a randomized day of the month to claim. This day was the same for each month.

🔶 Each payment needed to be claimed within 3 months.

🔶 All unclaimed funds were sent to the Aquarius DAO treasury wallet.

Could I have increased my potential reward?

Yes, users who used the locking tool found at locker.aqua.network were able to increase their reward. Using this tool, users locked AQUA for up to 3 years against their wallet. The more AQUA, and the longer those AQUA were locked for, the more boost a user received on their airdrop reward. Users could gain a maximum of 4 times their base reward.

The simplest explanation of the locking effect: the more LockedValue in AQUA a wallet had vs the UnlockedValue of XLM, yXLM, and AQUA, the higher the boost. To achieve the maximum 300% boost, LockedValue vs UnlockedValue needed to be close to 50% locked & 50% unlocked.

Where can I find more information?

Aquarius Medium - Announcing Airdrop 2