Maverick Governance & S1 Airdrops

Governance Airdrop

The Governance Airdrop was designed to reward MAV holders who were willing to stake their tokens in the Maverick contracts and receive veMAV. 10,000,000 MAV will be shared among all addresses which staked MAV for a year or more, pro rata of their veMAV balance. The MAV from this airdrop will either be staked for 4 years to receive even more veMAV or deposited with a liquid locker in exchange for their liquid staking token.

Check out this Medium post to see what you can do with your veMAV!

A snapshot for the Governance Airdrop was taken on June 5, 2024 at 00:00:01 UTC, including veMAV balances per address and MAV locked per chain.

The MAV locked per chain was used to apportion the 10,000,000 MAV fairly between the four chains where MAV could be staked prior to the snapshot, and then those portions were divided between addresses pro rata of veMAV balance (e.g., an address holding 1% of the total veMAV balance on Ethereum mainnet was apportioned 1% of the total amount assigned to Ethereum mainnet).

Any reward lower than 20 MAV was removed as a protection against Sybil attacks and as a consideration against the gas costs of claiming these rewards. Those tokens were then redistributed across the remaining addresses on their respective chains.

As a reminder, all MAV rewards from the governance airdrop must be staked. When you claim your governance airdrop, you will be prompted either to stake it for four years in the Maverick staking contract or deposit it with a liquid locker in exchange for their liquid staking token. Please make sure to do your own research on any liquid locker before choosing to deposit your tokens with them.

Ecosystem Incentive Program Season 1

Background

Maverick deeply values the contributions from all ecosystem participants and builders who have played a crucial role in the development from Maverick v1 to v2. Your support and efforts have been instrumental in our progress and growth.

The Season 1 Airdrop includes the following allocations:

• 7.5 million MAV tokens to LPs

• 2.5 million MAV tokens to token projects who contributed to the Maverick ecosystem during Season 1

• 211,000 MAV tokens to holders of MAVA IV Base NFT

• 282,500 MAV tokens to Maverick Warriors

A snapshot for the Season 1 Airdrop was taken on June 5, 2024 at 00:00:01 UTC. On-chain activity between this snapshot and the start of Season 1 (June 22, 2023 20:00 UTC) was used to calculate LP and token project scores.

Criteria

Liquidity Providers

Individual allocations to LPs were computed using a combination of dollar value of LP and time LP’d. Dollar value of liquidity added was multiplied by duration denominated in days (e.g., $200 LP’d for 10 days = 2000). A minimum LP score of 200,000 was required for a reward, and LP airdrop amount scales linearly with score above the 200,000 minimum. This method was chosen to balance the size of TVL contribution with time commitment to the project.

LP rewards must be staked for a minimum of one year, or deposited with a liquid locker in return for their liquid staking token. Staked MAV grants users a veMAV balance, which makes LPs eligible for a boost to the rewards received from Boosted Positions.

LPs in Boosted Positions who have a veMAV balance will be eligible for a boost to any rewards they earn from the veFlywheel (as high as 20%). This boost scales with veMAV balance, so the more veMAV the LP holds, the more of a boost they will receive. Learn more.

Token Projects

Token Projects who have shown value to the Maverick ecosystem were awarded an allocation of tokens based on the size and nature of their contributions. Primary factors were the TVL and volume of their token(s) on Maverick and the incentives they contributed to Boosted Positions during Season 1. Several of the grantees also contributed by building metaprotocols to enhance the utility of Maverick and MAV for the community. Token project rewards must be staked for a minimum of one year, or deposited with a liquid locker in return for their liquid staking token.

Maverick Warriors

The Maverick Warrior Program was designed to incentivize and recognize community members who made substantial and material contributions to the project. Maverick Warriors are tiered based on Maverick Warrior Credits earned, and these tiers were used when determining rewards.

MAVA Claimers

MAVA IV Base was distributed to users who LP’d at least $1000 for a minimum of 10 days when Maverick first launched on Base. Claimers of this NFT will claim their airdrop on Base. Most MAVA IV claimers claimed their NFT by LPing on the platform, and so may have earned additional MAV on top of the MAV from this category. MAVA rewards must be staked for a minimum of one year, or deposited with a liquid locker in return for their liquid staking token. Staked MAV grants users a veMAV balance, which makes LPs eligible to a boost to the rewards received from Boosted Positions.

What’s Next?

To check your eligibility and claim your airdrop(s) visit https://governance-v2.mav.xyz/.