This is a reminder post with a firm deadline. Here’s the bottom line: Not everyone can participate. Only addresses on the snapshot list are eligible, so if yours isn’t on the list, there’s no need to buy specifically for this pool.
What is the project? Monolith’s stablecoin swanUSD is launching an airdrop. The pool contains 100,000 SWAN, equal to 1% of the 10 million total supply. It will be split equally among wallets that meet the eligibility requirements, rather than proportionally to the amount held.
How do you qualify? There are three requirements, and all are mandatory:
1. Check the list first: You can look up your address on the official airdrop page. The list is a snapshot from block 26226951 and contains 12,078 addresses. The list is final, and there is no appeal process if your address isn’t on it.
2. Hold at least 1,000 sSwanUSD: sSwanUSD is swanUSD after staking. Tokens you hold directly and tokens deposited in the SWAN rewards staking contract can be combined, and switching between them won’t interrupt your holding period. However, holding unstaked swanUSD alone doesn’t count. Note the official reminder: each sSwanUSD is worth slightly more than 1 swanUSD, so staking exactly 1,000 swanUSD will leave you slightly short of 1,000 sSwanUSD. Stake a little extra.
3. Hold continuously for 7 days: Falling below the threshold midway through will interrupt that 7-day period. However, you can still qualify by completing a full 7-day period again before the deadline. Once you’ve completed it, you don’t need to keep holding until the event ends.
Time window (official UTC times):
The event starts on October 22 at 16:00 UTC. The latest you can start is November 12 at 16:00 UTC. The event ends on November 19 at 16:00 UTC. Claims will open after the event ends and verification is complete. The official claim date and deadline have not yet been announced.
Things to note:
Adding more funds, holding for longer, or belonging to multiple communities won’t increase your allocation. Under the equal-split rules, adding more funds offers no extra benefit. Ethereum mainnet only. Until the claim date is announced, treat any early claim link with suspicion and use only the official airdrop page.
Are you on the list? If so, have you decided when to start?
This is my personal opinion and not investment advice.