Based on feedback from the community:
1) SRM airdrop size UP from 2 SRM / 500 FTT --> 3 SRM / 500 unlocked FTT each week.
2) These SRM airdrops will be in locked SRM, unlocking over the next 7 years.
3) As always, total over time will be 500m SRM.
help.ftx.com/hc/en-us/artic
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Seems like a bad deal for $FTT holders. Rewards x1,5 for a 7 year lock is a pretty poor trade.
Btw: Does it unlock after 7 years, or over a 7 year period?
Would rather have the tokens liquid.
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Replying to
Locked SRM (1-7 year) means SRM that is fully locked until 2021-08-01 and unlocks linearly over the 6 years after that.
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Quick question about this: do you have an unlock schedule? Or do you simply unlock 1/7th of the tokens each year on the 8th of Jan?
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Oh and I just realized you may have meant the 1st of August there (please clarify)
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Each day starting on 2021-08-01 roughly 1/2000 of the tokens will unlock
Ah that's good, I like that. Just to clarify the date format: you meant August 1st right?
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