Announcing the Seer Initial Airdrop Distribution
We are thrilled to share with you the Seer Initial Airdrop, a strategic token allocation to reward the people who’ve invested their time and assets in the Seer prediction market.
Here is everything you need to know about SEER tokens:
Governance
As specified in the whitepaper, Seer will be governed by the Seer DAO and further token emissions will be split between retroactive public good funding (for entities contributing to Seer) and liquidity providers as determined by governance.
Tokenomics
First, we need to allocate the initial supply of tokens. The total amount of tokens to be distributed will depend on the duration of the program with 200,000,000 SEER tokens per month (for context, once the DAO is launched, it’s expected to attribute 2,000,000,000 SEER tokens per year, half to liquidity provider, half in retro-PGF).
Airdrop Allocation
The proposed token allocation is the following:
- Liquidity providers (50%): In proportion to the effective liquidity provided on designated liquidity pools. There will be a “Seer LP Point” token (SER-lpp) which will serve as a receipt and to allow liquidity providers to clearly understand how many points they are getting. There currently a plan to incentivize on 2 exchanges (more may be added in the future):
– Swapr (Gnosis Chain): For the liquidity to count, the position must be in range and the more concentrated the position, the higher the reward (the calculation is done similarly to Swapr farming). To get the maximum rewards, it’s better to periodically rebalance those positions.
–Uniswap with Bunni (Ethereum): Bunni is a liquidity management tool for Uniswap. Here the specific range of positions eligible to rewards is predetermined. You just need to provide liquidity for the position and there is no need to rebalance.
- Outcome token holders (25%): In proportion to the value of outcome tokens. This counts both direct holding and indirect holding in designated liquidity positions.
- Proof of humanity verified users (25%): In proportion to the square root of the value held in outcome tokens. For those to count, the outcome tokens must be held at an address verified on Proof Of Humanity. This counts both direct holding and indirect holding in designated liquidity positions. The squaring means that someone holding 100 sDAI will accumulate 100=10pt per day while someone holding 1,000,000 sDAI will accumulate 1000000=1000pt per day (100 times more points for 10,000 times more value). This is made so that participants with small portfolios still get some decent airdrop. The Proof of Humanity requirement is to prevent Sybil attacks (making tons of bot accounts to game the system).
