🎈Airdrop FAQ

Snapshot Time 00:00 April 22nd

Who is eligible for the Airdrop?

New Order Single sided stakers and LP stakers who were staked prior to the snapshot time. Note that for LP stakers only the New Order portion of the LP will be eligible for the airdrop.

OceanDAO voters , regardless of chain used, who voted before April 22.

Amount Airdropped

OceanDAO voters:

40,000 $PSDN will be equally distributed among all eligible voter addresses. The Airdrop will be distributed in 4 tranches over a 2 month period. Each tranche will include 10,000 $PSDN.

The eligible addresses will stay the same.

New Order stakers Tranche 1:

40,000 $PSDN will be distributed based on relative NEWO held in the eligible address.

The Airdrop will be distributed in 4 tranches over a 2 month period. Each tranche will include 10,000 $PSDN.

The 1st tranche will be distributed on April 27th, with the following 3 tranches to be distributed to veNEWO lockers based on lock period and the number of NEWO locked.

More about veNEWO is available here.

New Order stakers Trache 2 to 4:

For Tranches 2 to 4, the snapshot and amounts remain the same for Ocean Governance Participants. Now that veNEWO is launched, the airdrop amount for tranches 2, 3, and 4 will be based solely on the balance of veNEWO to determine the share of the PSDN airdrop. veNEWO holders on Avalanche will have their $PSDN tokens airdropped on Ethereum Mainnet.

For veNEWO we used the following blocks: 14996671 Ethereum 16283245 Avalanche *veNEWO tranches 3 and 4 will have their snapshots taken in the future.

Claiming the PSDN Airdrop:

Eligible New Order stakers and OceanDAO voters can claim via the H2O Dapp, in the Airdrop tab. The Dapp will go live at PSDN Token Generation Event (TGE) on April 27th along with the claims.

For More information about PSDN tokenomics visit here.