Bluefin Airdrop Explained
Last updated
Last updated
Welcome to the Bluefin Community for those who are new! For the returning ones, we’re grateful to have you. It’s been four years since our inception, and in many ways, we’re just getting started. We’re glad you’re here with us.
In early 2023, Bluefin decided to build on Sui. We believe that the underlying technology best supports our vision to accelerate the adoption of decentralized finance. Here’s an overview of the protocol’s current state:
Product: Decentralized spot and derivatives trading platform on the Sui blockchain. Spot went live one week ago and is scaling quickly!
Metrics: The largest protocol on Sui by total volume, with over $37B traded since launching in September 2023. 57,754 total unique depositors and $27.1M TVL currently.
Backers: Polychain, Brevan Howard, SIG, Tower Research, Wintermute, Alliance, and more.
In an effort to welcome users to join the Bluefin journey, the Bluefin Foundation has allocated up to 17.15% of the Bluefin total supply to users across existing and new users as detailed in the article below.
The airdrop portal is now live - access it here, check your points, and claim according to the vesting schedule!
Existing participants on Bluefin were rewarded.
Our long-standing community members were recognized - this includes Trader Alliance, Firefly Pioneers, Bluefin Ambassadors and Bluefin Leagues participants.
We collaborated with the Sui ecosystem projects, because we are all stronger together.
We were able to welcome users outside of the Sui ecosystem (this is important for us to grow the Sui ecosystem). As such, we have collaborated with the teams at Jupiter, Aerodrome, Wormhole, Pyth, and Elixir.
We welcomed and partnered with key NFT communities, including Pudgy Penguins, MadLads, Azuki, and Prime Machin.
Airdrop: 17.15% of Total Supply.
NFTs Partners - 0.79% of Total Supply
This includes Pudgy Penguins, MadLads, Azuki, and Prime Machin
Solana & EVM Partners - 1.45% of Total Supply
This includes Jupiter, Aerodrome, Wormhole, Pyth, and Elixir
For most of these, the allocations per user & filter criteria were determined by each partner
Sui Ecosystem Partners - 1.95% of Total Supply
This includes AlphaFi, Suilend, Cetus, Scallop, Turbos, FlowX, DoubleUp, 7k, FUD, Deepbook, AAA, Aftermath, Bucket, Typus, Navi, Hop, and Suiplay
For all of these, the allocations per user & filter criteria were determined by each partner
Bluefin - 12.943% of Total Supply
Historical Rewards (perps, referrals, spot, stable pools) - 11.09%
Users can continue to earn rewards in our ongoing points program before TGE, the amount shown already takes into account the points that will be emitted until that date.
Bluefin-Elixir Pools - 0.77%
Bluefin Leagues - 0.57%
Firefly Pioneers - 0.28%
Trader Alliance - 0.22%
Bluefin Ambassadors - 0.013%
Historical Rewards - this portion of the airdrop will vest over 2 months, with an option to claim tokens at TGE. If claiming tokens at launch, users will only be able to claim 50% of their allocation (the remainder will be returned to the rewards treasury). Otherwise, 50% of the allocation will vest 1 month after TGE, and the remainder will vest 2 months after TGE.
All Others - the allocations are vested over 2 months with a third of the tokens vested at TGE, another third vesting 1 month after TGE, and the final third vesting 2 months after TGE
The launch of Blue, Bluefin’s native governance token
Advancing the two flagship products
Scaling out Bluefin Spot - enabling a strong memecoin culture
Launching Bluefin Pro - the next iteration of our perps protocol with cross-margin and many new markets
The path towards full decentralization
The best onboarding UX in crypto - CCTP, one-click instant bridging, Apple Pay, and mobile apps
The Bluefin Foundation has also allocated a special reward for the incredible community member who supported Bluefin in the early Firefly days, composing this wonderful song. If you’re reading this, please reach out on the Bluefin Discord.
