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Recent airdrop of $LYRA was conducted in a novel way that utilizes off-chain reputation to ensure ideal distribution and prevent from Sybil attack.
For a governance token, the primary goal of an airdrop is to allocate to potential governors, other than rewarding early adopters. Past airdrops either neglected this task or was subject to a small group. The reason might be the difficulty to filter out potential governors from the community.
Lyra finance just paved the way in their discord community and here is how: first, calculate the weighted character count for each member, where weights are varied between different channels. The team decided that the weights should reflect the quality of discussion, for example “mechanism” channel gets 3 times the weight of “memes”. The weighted character count is then boosted by multipliers, defined by the discord roles. The roles also serve as a measure of contribution, for example the MVP role gets a x1.3 boost, who were chosen per community call by the Lyra Council based on contribution. A low threshold is chosen to prevent from Sybil attack and also maximize the number of users for decentralization purpose. A Box-Cox transformation is applied to further reduce the variance. This mechanism finally picked 1712 out of 10k+ discord members.
This is by far the most sophisticated airdrop architecture. I believe that other projects are likely to follow, and I want to suggest some DAO tools to achieve the scale.
Linking the discord account to Ethereum address is coming soon, and I think allocate more tokens to discord members who have their Ethereum addresses verified by @BrightIDProject deals with bots that spam messages.
@sourcecred can create an auto and visible reputation system for discord community that measures contribution. Such system could save some tailor-made effort of the Lyra team and also, with open rules, potentially encourage more contribution.
@arcxmoney, who issues "Defi passport" based on on-chain behavior, plans to add “Airdrop Score” that evaluates whether an address holds airdrops or dumps immediately. I think utilization of on-chain identity is another important part of airdrop mechanism in the future.
Recent airdrop of $LYRA was conducted in a novel way that utilizes off-chain reputation to ensure ideal distribution and prevent from Sybil attack.
For a governance token, the primary goal of an airdrop is to allocate to potential governors, other than rewarding early adopters. Past airdrops either neglected this task or was subject to a small group. The reason might be the difficulty to filter out potential governors from the community.
Lyra finance just paved the way in their discord community and here is how: first, calculate the weighted character count for each member, where weights are varied between different channels. The team decided that the weights should reflect the quality of discussion, for example “mechanism” channel gets 3 times the weight of “memes”. The weighted character count is then boosted by multipliers, defined by the discord roles. The roles also serve as a measure of contribution, for example the MVP role gets a x1.3 boost, who were chosen per community call by the Lyra Council based on contribution. A low threshold is chosen to prevent from Sybil attack and also maximize the number of users for decentralization purpose. A Box-Cox transformation is applied to further reduce the variance. This mechanism finally picked 1712 out of 10k+ discord members.
This is by far the most sophisticated airdrop architecture. I believe that other projects are likely to follow, and I want to suggest some DAO tools to achieve the scale.
Linking the discord account to Ethereum address is coming soon, and I think allocate more tokens to discord members who have their Ethereum addresses verified by @BrightIDProject deals with bots that spam messages.
@sourcecred can create an auto and visible reputation system for discord community that measures contribution. Such system could save some tailor-made effort of the Lyra team and also, with open rules, potentially encourage more contribution.
@arcxmoney, who issues "Defi passport" based on on-chain behavior, plans to add “Airdrop Score” that evaluates whether an address holds airdrops or dumps immediately. I think utilization of on-chain identity is another important part of airdrop mechanism in the future.
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