Airdrop Guide — Radial Finance (Fantom)
Solidly, a new project by Andre Cronje and Daniele Sestagall, will be distributing locked ve(3,3) NFTs to the top-20 DeFi projects on Fantom decided by a snapshot on Jan 23. These NFTs collectively will govern Solidly. In recent days, new projects like veDAO and 0xDAO have sprung up in a bid to capture enough TVL to get one of those NFTs.
Radial Finance is one of those projects and they will become a Convex-like yield optimizer for Solidly after the snapshot. They are currently ranked 15 in TVL so they should have a good chance of getting in.
They have started Genesis Farming and users can already deposit their assets there. They will be distributing their token $RDL according to the following rules. You will only receive $RDL after the snapshot.
The Genesis Farming Rules
🔘 if Radial gets the top-20, 5% will be distributed to this bootstrap stage.
🔘 if Radial doesn’t get the top-20, 1% will be distributed to this bootstrap.
You can withdraw your tokens after the snapshot is taken.
A higher reward multiplier will be applied to those that stake earlier.
After the snapshot you will be proportionately given a percentage of that 1% or 5% based on your contribution to the TVL at the time of the snapshot.
A claim contract will be available for this once the snapshot is made. Instructions will be made clear.
To take part in Genesis farming, all you have to do is to go to https://www.radialfinance.com/farms on Fantom network. Deposit your assets and wait for the snapshot on Jan 23 to be taken. That’s it.
To get better yield, deposit yvtokens like yvUSDC from Yearn. Yearn is currently auto-compounding veDAO profits.
You can also try veDAO and 0xDAO. Both have already launched their token so they work exactly like farming.