Magpie & Wormhole: Airdrop Explained

The highly anticipated Wormhole ($W) airdrop is on the horizon. Set to be one of the largest airdrops ever, and one that will not only to reward both the Wormhole and Magpie communities but also to usher in a new era of decentralized governance within the Wormhole ecosystem.

Why Magpie is Distributing Wormhole Tokens

Magpie Protocol is part of the eligible apps within the Wormhole ecosystem that can qualify users for the airdrop, and as a result, Wormhole has rewarded Magpie with W tokens. As a thank you to our community, and since we believe our success comes from the community, we want to pay it forward and redistribute our entire allotment of W tokens to the Magpie community members who used our dApp to cross-chain swap! By redistributing our allotment of W tokens, we aim to thank and reward our users who have trusted and utilized our dApp for their cross-chain transactions.

What is the Wormhole Airdrop?

The Wormhole airdrop represents a pivotal moment for the Wormhole project and its community. By distributing W tokens to its supporters and users, Wormhole aims to further decentralize its governance model, empowering W token holders to have a say in the protocol’s future directions. This move is not just about rewarding those who have contributed to the project’s success; it’s about laying the foundation for a community-driven governance system that will steer Wormhole towards new horizons.

Eligibility

As we use Wormhole for cross-chain communication, we want to reward users who have used the Magpie dApp to swap cross-chain. Any user who has a total cross-chain volume over $5k USD is eligible for the W airdrop, so if you’ve done so, you’ll want to check your eligibility.

Checking Your Eligibility

Want to check your eligibility for the Wormhole airdrop? We’ve set up a dedicated Magpie Wormhole Airdrop Checker for you. Simply visit this page to confirm your eligibility status. Remember, for your security, do not connect your wallet to any site other than the official address provided above.

Allocation Calculation

Your share of the airdrop will be calculated based on the volume of your cross-chain transactions via the Magpie dApp. This approach ensures that those who have actively participated and contributed to the ecosystem are awarded proportionally. We have separated users into three tiers based on their cross-chain volume, with those swapping more receiving a larger share of W tokens.

Distribution Timeline

Magpie will distribute our tokens after we have received them from Wormhole, be sure to stay tuned to our Social Media for the latest updates. We’re as excited as you are to see the W tokens in your wallets!

The Wormhole airdrop is more than just a token distribution event; it’s a step towards a more decentralized and community-driven future for DeFi. As part of the Wormhole ecosystem, we at Magpie are excited to see how these developments will unfold and how they will enhance the DeFi experience.

Thank you for being a part of the flight through DeFi with us, we hope to continue with this amazing community!