With a fixed supply of 10,000,000,000 BOB tokens, the upcoming airdrop will see 4.15% of the total supply allocated to BOB community members that have supported BOB’s journey to become the Gateway to Bitcoin DeFi. You may be eligible if you have harvested Spice in BOB Fusion by participating in BTCFi on the BOB network, completed quests or participated in wallet and content creation campaigns.

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Why Airdrop to Community?

The goal of the BOB airdrop is to create a wide tokenholder base ahead of launch, ensuring active users and long term community members have a stake in the success of the network from day 1. This is important for:

  • Securing BOB’s Hybrid Chain via staking: Airdropped BOB tokens can be immediately staked and delegated to BOB hybrid nodes, earning staking rewards and ultimately being used to elect and rank active Bitcoin finality providers, BitVM bridge operators, Bitcoin staking block builders and Gateway solvers.

  • Facilitating decentralized governance: By putting a significant amount of BOB tokens in the hands of the people already helping the network to grow, the airdrop will enable holders to vote on governance proposals to change network parameters. Governance and the BOB DAO will both be live from day 1.

For a full breakdown of BOB’s tokenomics, click here.  

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Initial Claims Structure: Airdrop & Staking Bonuses

The 4.15% of BOB tokens allocated to initial claims are allocated as follows:

  • 2.15% airdrop to eligible wallets that have participated in the BOB Fusion system and other campaigns. 
  • 2% lockup staking bonus, claimable by staking and timelocking BOB tokens for 3, 6 or 18 months. The longer the commitment to the protocol, the higher your bonus, and the higher your voting power and influence in the future of the BOB network. 

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Airdrop Eligibility criteria

To ensure the BOB airdrop is distributed fairly amongst network participants, wallet eligibility has been calculated based on a combination of onchain and social criteria - including Spice harvested during BOB Fusion seasons 1-3 as well as healthy onchain activity that contributed to the growth of the ecosystem.

The Fusion snapshot was taken on 6 November 14:00 UTC.

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Important notice: 

  • The BOB Foundation is working with TRM Labs to comply with legal requirements. All wallet addresses will be validated against money laundering and known criminal behaviour prior to the token distribution. If your wallet address scores negatively for these risk factors then you may be deemed ineligible.
  • On-chain activity is a strict requirement for eligibility. Wallets without onchain activity are disqualified automatically. 
  • A number of strategic liquidity providers who provided significant support to liquidity pools, seeding lending and other DeFi primitives on BOB are excluded from the BOB Spice system to avoid dilution and are subject to a 12 month lockup schedule. Some campaign allocations are also subject to pre-agreed lockup schedules.
  • Core contributors, despite often being active users of the ecosystem, are not eligible for the airdrop.

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Priority to BOB OGs. To reward our earliest supporters, Spice harvested in Season 1 of Fusion has a 50% greater weighting in the airdrop calculation than Spice from Seasons 2 and 3. 

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Claiming Process

You will be able to check your eligibility and claim your airdrop using the official BOB claim pages. The details will be shared the morning of 20 November. 

Any airdrop allocations not claimed within 45 days of token launch will be returned to the ecosystem treasury. 

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Staking Mechanics and Timelock Bonuses

The 4.15% of BOB tokens allocated to initial claims are for claim and staking activities: 2.15% claim, and 2% staking.

Early Timelock Bonus. To receive their maximum possible initial allocation, airdrop recipients will need to stake their BOB on receipt and lock up for 18 months, thereby receiving 250% bonus tokens. Smaller bonuses are available for timelocking for shorter periods: 25% for 3 months timelock, 50% for 6 months timelock. 

To claim the one-time bonus, tokens must be staked and locked up within the first 60 days after TGE. Bonus tokens are added to the staked token balance and accrue staking rewards. 

By selecting the longest timelock option, you are demonstrating your belief in BOB’s vision and future progress. In addition to the significantly larger token allocation, this lock up period signals your status in the community and immediately grants you increased voting power in protocol governance.

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Staking Rewards

All staked BOB tokens receive staking rewards. The staking APR is determined by the BOB DAO and is comprised as follows: 

  • 5% base staking APR
  • +45% early staking boost during the first two months
  • +5% additional APR for delegating BOB stake a Hybrid node operator
  • +5% additional APR for delegating BOB stake to yourself or to a governance delegate for the purpose of voting in the BOB governance process

The maximum staking APR during the first 2 months is 60%, continuing at maximum 15% APR thereafter.  To receive the maximum APR, staked tokens must be delegated to both a hybrid node and a governance delegate. The staking rewards apply to the total staked amount, compounding rewards: e.g. if you stake & timelock 100 tokens for 6 months, your total stake receiving staking rewards will be 150 tokens (100 + 50 bonus for 6 month timelock). 

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Shape the Future of Bitcoin DeFi

Early stakers will play a crucial role in BOB’s mission to unlock utility for Bitcoin, our generation's most important asset. Whether you are a DeFi user, Bitcoin enthusiast, hodler, node runner, builder, or institutional operator - your say in the future of Bitcoin DeFi counts. Come, build on Bitcoin with us!

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