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Articlemedium.comScript34y ago

Everything You Need to Know About the YBX Airdrop

The article details the YBX airdrop for YieldBlox, a DeFi protocol on the Stellar blockchain, with 10 million YBX tokens distributed across three airdrops targeting community members, beta testers, and Stellar ecosystem users. Participants must meet Stellar account age requirements and set up a YBX trustline. Additional incentives include ScripTee NFT distributions for educational content and community engagement.

DeFiToken Management
Lumen Loop's take

YieldBlox announces updates to its YBX platform token airdrop due to high interest, requiring 7-day community channel membership for registration and capping beta testers at 1,000. YBX, with a 1.5 billion total supply, enables staking for protocol revenue shares, incentive allocation, and governance to grow DeFi on Stellar. The airdrop splits into three parts: 4M YBX for verified Lumenauts in Discord with pre-August 15 accounts; 3M YBX for testnet yield farmers; and 3M YBX for any qualifying Stellar account holders setting a trustline. All airdrops run through October 2022, using issuing account GBUYYBXWCLT2MOSSHRFCKMEDFOVSCAXNIEW424GLN666OEXHAAWBDYMX. YieldBlox also plans ScripTee NFT giveaways for educational content, interviews, hidden icons, and AMAs to boost community growth.

Mentioned projects
3 projects linked
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LumenautApplications
SCF
Community

Lumenaut made the first fee-free community pool when the network still supported inflation.

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Soroban GovernorDeveloper Tooling
SCF
GovernanceDAO Tool

Open source, flexible, fully functional DAO smart contract framework inspired by the OpenZeppelin Governor.

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YieldbloxFinancial Protocols
SCF
DeFiLending & BorrowingGovernance

YieldBlox is a decentralized, DAO-managed money market protocol on the Stellar Network, utilizing the Blend Protocol and Soroban…

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