Overview
In June 2022, as described here, we distributed the LUNA airdrop to eligible users based on the information and allocation logic set by Terra.
Based on the same information from Terra (70% vested over 2 years thereafter with 6 month cliff), we understand that between November 2022 and November 2024, additional LUNA tokens will vest (the “Additional Vesting Tokens”).
As such, we intend to provide users interested in claiming the additional tokens an opportunity to do so.
How can a former Stablegains user claim their tokens?
We will temporarily reactivate the web dashboard to facilitate the distribution. The dashboard will be available until 31 Dec 2022.
- Please sign in here using the same credentials you had used before to access Stablegains.
- Go to the “LUNA airdrop withdrawal” tab.
- Provide your LUNA wallet address and optional memo. All transactions will be processed only over the Terra blockchain.
Similarly to the June 2022 airdrop, the LUNA wallet address + memo you provide can belong to your non-custodial Terra wallet, or an exchange account. That is where we intend to send each batch of tokens (details below). If you haven’t yet claimed your June 2022 airdrop and plan to make a claim, we intend to send the June 2022 airdropped tokens and the Additional Vesting Tokens to the same wallet address.
What is the total amount that each user is eligible for?
As with the June airdrop, we are following Terra’s allocation principles. The total expected amount for this second and final part of the airdrop over the 2 year period comes to 2.333 * the June 2022 airdrop amount.
What is the intended distribution schedule?
Assuming the tokens indeed become technically claimable as set out by Terra, we intend to distribute them to each interested user on a quarterly schedule:
|
Date |
Share of total vesting amount |
|
By end of Feb 2023 |
1/8 |
|
By end of May 2023 |
1/8 |
|
By end of Aug 2023 |
1/8 |
|
By end of Nov 2023 |
1/8 |
|
By end of Feb 2024 |
1/8 |
|
By end of May 2024 |
1/8 |
|
By end of Aug 2024 |
1/8 |
|
By end of Nov 2024 |
1/8 |
Disclaimers - read carefully
- In the event the amount technically available to us for distribution is lower, we will aim to distribute the remainder proportionally amongst all of the users who have made requests to claim LUNA tokens.
- In the event that Terra is unable to distribute tokens, or they cannot be transferred for technical or operational reasons related to the Terra blockchain, we cannot be held liable in any shape or form.
- If for any reason we cannot continue processing the token distribution, we will inform you, and cannot be held liable for distributing LUNA tokens under such circumstances.