ShimmerEVM Announces $1 Million Airdrop to Boost Liquidity and DeFi Adoption

IOTA_Shimmer_5

1.5% of Shimmer’s Supply Up for Grabs!

Shimmer, a leading smart contract platform built on the IOTA Tangle, announces a major initiative to incentivize growth within its ShimmerEVM ecosystem: a $1 million airdrop in SMR tokens.

This airdrop, managed by the Tide Web3 incentive protocol, aims to attract fresh liquidity and accelerate the adoption of DeFi applications on ShimmerEVM. Starting today, January 31st, 2024, at 3:00 PM CET, participants can bridge assets from other ecosystems and contribute to TVL (Total Value Locked) within ShimmerEVM dApps to earn rewards.

Key Highlights:

  • $1 million airdrop in SMR tokens: Over 1.5% of Shimmer’s total supply allocated to incentivize liquidity providers.
  • Boost DeFi growth: Encourages participation in dApps and increases TVL within ShimmerEVM.
  • Seamless asset bridging: Utilize the Shimmer Bridge powered by Tangle DAO LLC to effortlessly bring assets into ShimmerEVM.
  • Rewarding participation: Tide’s tier and points system recognizes contributions and distributes rewards based on TVL and duration.
  • Easy to participate: Register on the Tide campaign board with your Web3 wallet, bridge assets, and hold your TVL for at least 30 days.

How to participate:

  1. Prepare your Web3 wallet: Ensure you have a compatible wallet like MetaMask or Bloom.
  2. Meet eligibility criteria: Bridge at least $1,000 in LayerZero-wrapped assets (WETH, WBTC, USDT, etc.) and use them in TVL-generating activities within authorized dApps listed on the Tide campaign board.
  3. Register on the Tide campaign board: Connect your wallet to receive an NFT for tracking and verify eligibility.
  4. Hold your TVL for 30 days: Maintain your assets in eligible smart contracts for at least 30 days (longer periods earn bonus points).
  5. Stay informed: Monitor your progress and qualification status on the Tide campaign board.
  6. Claim your rewards: After a 45-day tracking period, rewards will be distributed over six weeks based on your earned points.

This airdrop presents an exciting opportunity to contribute to the growth of ShimmerEVM and earn valuable SMR tokens. With its user-friendly process and generous rewards, the program welcomes both new and existing participants to join the vibrant Shimmer community.

Important: The campaign tracks all assets bridged into ShimmerEVM since launch. Existing participants fulfilling the requirements will automatically be recognized. Register on the Tide board to claim your rewards.

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