The FlareDrop, previously called the Delegation Incentive Pool in the FIP.01, is a distribution method for the 24.25B remaining
$FLRtokens after the original airdrop. It will last for 36 months and is destined for any holder of wrapped
$WFLR) that participates in the network as per the FIP.01.
If you enabled your PDA and it contains
$WFLR, it is also eligible to receive the FlareDrop distribution. Make sure to check both your Main Account and your Delegation Account for FlareDrop to claim.
How Is the FlareDrop Distributed?
The FlareDrop is distributed monthly over 36 30-day bank months to those that wrap their
$FLRtokens. Each of the first 35 monthly allocations constitute 2.37% of the total FlareDrop, and the last one 2.05%.
The total amount of
$WFLRis calculated each month, and the monthly allocation is distributed among all
$WFLRholders proportionally to the sampled average of their
$WFLRbalance. Users then receive an amount equal to their month's sampled
$WFLRholdings divided by the month's total
$WFLR, multiplied by the monthly allocation.
Calculating an address's sampled average balance
As each bank month passes, the FlareDrop receives a trigger to choose 3 random blocks in the previous 23 days. The FlareDrop smart contract then finds the average of the total
$WFLRreported in those blocks and determines each address's percentage of the FlareDrop.
3-week average of wrapped
Upon claiming, the entitlement is sent directly to the account you claimed from. It is sent as
$FLRto your Main Account and as
$WFLRto your Personal Delegation Account (PDA). Each distribution expires two bank months and a week (67 days) after it becomes claimable and expired tokens are burned.
To ensure having no effect on the amount of
$FLRthat each claiming address receives, Flare Foundation and team addresses opt out of the FlareDrop distribution.
Two steps to ensure receiving all your
$FLRto receive it. Rewards are proportional to the
$FLR, so always wrap as much
$FLRas you can! Wrapping has no downside: Wrapped tokens continue to be available for delegation and governance voting, for example, and they can be unwrapped at any time.
- Claim before the distribution expires. After the distribution becomes claimable, it expires in two bank months and a week (67 days).
You can also enable automatic claiming to make sure you don't miss any FlareDrop! Autoclaiming will claim for both your main account and your PDA if you enabled it.