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Announcing the first-ever Sommelier airdrop on rhino.fi

Altszn.com by Altszn.com
May 25, 2023
in Blockchain, Crypto, DeFi, Web3
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Announcing the first-ever Sommelier airdrop on rhino.fi
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Sommelier shares our vision for DeFi. Its real yield opportunities allow users to earn the same tokens they invest, and receive income from sustainable innovation, not cynical inflation. Unlike some early-stage DeFi lending projects, Sommelier uses carefully crafted strategies and automatic rebalancing to maximise yields, rather than simply printing its own asset. 

Last month, to celebrate the launch of Real Yield USD on Rhino, we offered an APY boost in $SOMM tokens. So, on top of their core yield in USDT, first-movers could lock in a early-stage bonus with no extra risk. 

Now we want to cement the partnership with those who are closest to this opportunity: those who have pioneered the concept of cross-chain yield on our platform.

Three buckets of users are eligible to receive the SOMM airdrop. They are:

  1. Users who hold more than 100 DVF/xDVF and have more than $1000 invested in any yield opportunity via rhino.fi.
  2. Users who hold more than 100 DVF/xDVF and have less than $1000 invested in any yield opportunity on the platform
  3. Users who hold less than 100 DVF/xDVF and have more than $1000 invested in any yield opportunity on the platform. 

The purpose of this airdrop is to reward loyal DVF users who have also shown interest in passive yield opportunities. The distribution of the SOMM tokens are as follows:

Buckets

Amount of Somm awarded per user

Total Somm awarded

DVF >= 100

Yield invested >= 1000

200

6600

DVF >= 100

Yield Invested < 1000

125

11375

DVF < 100

Yield Invested >= 1000

75

2100



Read More: rhino.fi

Tags: AirdropAnnouncingDeFiFirstEverRhino.fiSommelier
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