Background and details on the D2D relaunch can be found in this blog.
Following the completion of the Prime Seed in September 2021, the transition to the new D2D tokens was started. Up to 5% of the D2D token supply was set aside for Early Contributors - rewarding those that hold the old PrimeDAO token & supported PrimeDAO early on.
The Migration Squad submitted a first draft on how they anticipate to distribute the D2D tokens, which you can find here.
An overview of all addresses and the amount of D2D they will be allocated can be found here!
The following updates to the methodology outline are being proposed:
- Remove addresses that don’t hold any PRIME or REP from the D2D bonus calculation. Proxy addresses connected to an address that does hold PRIME or REP will be included. This will ensure that bonuses are only allocate to current PrimeDAO stakeholders. The excluded bonuses will be sent back to Prime Treasury for future distribution.
- Raising the airdrop threshold from 1,000 D2D to 10,000 D2D - this means that rewards under 10,000 will be airdropped as soon as the updated proposal passes. D2D rewards above 10,000 will be vested for a period of 3 months using Sablier. This change lowers the amount of Streams to be deployed from 162 to 52.
- Not starting with heavy D2D liquidity rewards after distribution, instead waiting for the Prime Tokenomics update planned for Q2 to be rolled out for a more effective distribution methods.
This is another important step for PrimeDAO - feedback is welcomed!