🪂Colend Airdrop

As detailed in our Tokenomics, 9% of our total token supply is reserved for community growth initiatives, including airdrops. The Colend airdrop will be distributed after the Token Generation Event (TGE). The amount of tokens airdropped will be largely proportional to the time-weighted Total Value Locked (TVL) each user has contributed leading up to the TGE. This airdrop rewards early supporters of the platform who are the first to stake and participate in the initial phase.

Note: The airdrop will occur after the TGE. The exact date will be announced later.

Airdrop Points System

The Colend Airdrop Points System allows users to see how much they can earn from the airdrop based on their deposited TVL and the duration of their participation in the protocol. The longer a user holds liquidity on the platform, the more points they earn, resulting in a larger airdrop allocation.

Before the TGE and the Colend airdrop, the Points System will determine the distribution of the airdrop. More points equate to a larger airdrop, though it is not a direct 1:1 conversion—1 Airdrop Point does not equal 1 token.

Airdrop Points are updated daily and randomly, based on the current value of the liquidity you have supplied and borrowed.

Points are generated from time-weighted TVL. For example:

• $100 worth of TVL deposited for 1 day = 100 points

• $100 worth of TVL borrowed for 1 days = 300 points

While liquidity provision is the main action rewarded with Airdrop Points, stay tuned for campaigns, events, and other opportunities to increase your allocation.

Deposit your assets, and start earning rewards through our community growth program!