Cashmere Labs has confirmed plans to airdrop its upcoming CSM token to early users and NFT holders, outlining who may qualify while holding back snapshot and claim specifics. The move ties into Mountain, Cashmere’s NFT-driven issuance platform being built on Robinhood Chain, and follows the team’s broader push into cross-chain transfers and automated liquidity tools. Who’s eligible Cashmere says the airdrop will target three groups: - Barn Raising participants — buyers of the 1,000 founding Barn NFTs planned for Mountain. - Activated Goat Street NFT holders — holders from Cashmere’s 6,666-strong Goat Street collection on Robinhood Chain who have “activated” their NFTs via the Cashmere app. - Early adopters of Cashmere’s products — the team has not yet defined exactly which past actions qualify. Important caveats - The project has not set a claim date, snapshot schedule, or an official claim portal. Cashmere will publish eligibility lists, snapshot info and claiming instructions through its channels ahead of distribution. - Goat Street wallets that have listed their NFTs for sale on OpenSea are excluded from the airdrop; Cashmere hasn’t specified the historical time window used to determine that restriction. - In a prior update (Sept. 26), Cashmere said eligible activators and early adopters would receive CSM allocations roughly equivalent in value to their NFT activation fees. Barn Raising and Mountain mechanics Barn Raising is a planned sale of 1,000 “founding Barn” NFTs. Barns are soulbound within Mountain (non-transferable) and act as conduits for ongoing CSM issuance: - Each Barn starts with one stall and can hold up to 10 stalls; additional capacity is obtained via Stall Permits bought with CSM or via eligible Goat Street NFTs. - Participating stalls earn newly minted CSM continuously (per second), split among eligible participants. - Goat Street holders can permanently bind their NFTs to Mountain to claim a separate share of issuance; bound NFTs cannot be withdrawn or sold. - Issuance rates depend on a daily base amount and a seasonal multiplier (0.20–1.25), initially set at 1.00. Barn sale pricing and priority Per Mountain specs released Oct. 31: - Applications for guaranteed Barn allocations were to be announced within a week of that update. When applications open, existing Goat Street and Cashmere Early Goat holders are expected to receive priority for guaranteed and whitelist spots. - Guaranteed spot price: 0.125 ETH. - Whitelist (first-come) price: 0.25 ETH. - Remaining Barns sold via Dutch auction starting at 1.5 ETH and declining to 0.25 ETH; public buyers pay the final auction price and any excess payment will be refunded. Note: buying a Barn is not the same as claiming any pre-allocated CSM airdrop — the sale and the airdrop are separate processes. Tokenomics snapshot - Max supply: 666 million CSM. - 65% (432.9 million) reserved for ongoing issuance through Barns and Goat Street NFTs via Mountain. - 25% (166.5 million) allocated to team and treasury, subject to vesting. - 10% (66.6 million) earmarked to seed liquidity for the ETH/CSM pool on Uniswap v4. Product roadmap and recent launches Cashmere — incubated by Binance Labs (now YZi Labs) — continues rolling out DeFi infrastructure as it prepares Mountain: - Oct. 21: Goat LP — automated liquidity management for Uniswap v3/v4 positions on Robinhood Chain (auto fee reinvestment, range adjustments, exits; users keep position NFTs). - Oct. 27: AI agent integration to let compatible agents monitor and manage supported liquidity positions. - Nov. 2: Bridge V2 — a single interface aggregating 30+ providers across 60+ blockchains to compare cross-chain and same-chain routing. - The team has also outlined plans for a launchpad. Mountain’s smart contracts are slated for an external security audit before public launch. What holders should do now - Activate eligible Goat Street NFTs through the Cashmere app if you want to qualify. - Watch Cashmere’s official channels for snapshot dates, eligibility lists and the claim portal before attempting to redeem tokens. - If you plan to join Barn Raising, follow the upcoming application process and be aware that guaranteed and whitelist allocations are expected to favor existing community NFT holders. Cashmere has set the framework for a significant, NFT-linked CSM distribution, but key operational details — snapshots, claim mechanics and the listing-window rule for OpenSea exclusions — remain pending. Keep an eye on the project’s announcements for the claim timeline and final allocation breakdowns. Read more AI-generated news on: https://app.chaingpt.org/news
