Connext

Connext Airdrop

Team: Connext Foundation, now Everclear
Category
Infra
Status
Archived
Difficulty
Funding
TBA
Rating
N/A
Tasks5
No ratings yet

Event Timeline

Eligibility snapshot

Aug 1, 2023

Completed

Eligibility checker opens

Aug 17, 2023

Completed

Criteria widened

Aug 24, 2023

Completed

Claiming opens

Sep 5, 2023

Completed

Claiming closes

Mar 5, 2024

Completed

Rebrand to Everclear, NEXT becomes CLEAR

2024

Completed

About Connext

Connext was a cross chain liquidity network. Instead of locking funds in a single bridge contract, it routed transfers through independent operators called routers, who fronted capital on the destination chain and were repaid afterwards. That design gave the protocol two very different user bases, and the airdrop is one of the few that recognised both.

The distribution split recipients into three groups. Ordinary users qualified on bridge activity or liquidity provided. Routers earned points on how much volume they had carried and how long they had supported the network. A third, much smaller group of community advocates was picked by the team for contributions that no on chain metric would have captured.

Claiming was itself part of the pitch. Rather than forcing everyone onto Ethereum mainnet, Connext let recipients claim natively on Arbitrum, Optimism, Polygon or Gnosis Chain, so the gas cost of collecting a small allocation never swallowed the allocation.

Airdrop Stats

~105.6M NEXT Distributed
~10.5% Of Total Supply
~$18M Value At Claim
4 Claim Chains

How it worked to get the Connext airdrop

Step 1

Clear the mandatory qualifier

Wallets needed at least five bridge transfers averaging $15 or more, with total volume above $200. The alternative route was supplying $1,500 or more in liquidity and holding it for at least a day.

Step 2

Earn points on top

Meeting the qualifier only opened the door. The actual allocation came from a points score built on stableswap liquidity, how often you bridged, how much you moved and how many different chains you touched.

Step 3

Or run a router

Routers were scored separately on transaction count, total volume and how long they had supported the network. This was the capital intensive path, and it paid accordingly.

Step 4

Survive the sybil filter

Connext ran fund flow analysis and transaction graph clustering before finalising the list, so wallets funded from a common source and moving in lockstep were stripped out.

Step 5

Claim on your chain of choice

The claim window ran from 5 September 2023 to 5 March 2024, natively on Arbitrum, Optimism, Polygon or Gnosis Chain. Anything unclaimed after six months went back to the DAO.

Was the Connext airdrop worth it?

  • The criteria were published before the snapshot, then loosened. Connext told people what counted and widened the thresholds on 24 August, which is the opposite of the usual pattern of revealing rules after the fact.
  • Routers were treated as first class recipients. Very few airdrops have paid the people supplying the working capital that made the protocol function. This one did, on its own scoring track.
  • Claiming was deliberately cheap. Four native claim chains meant a small allocation was still worth collecting, a detail plenty of larger projects got wrong.
  • The token did not stay the token. Connext became Everclear in 2024 and NEXT migrated into CLEAR at one for one. Anyone holding from the airdrop had to act on the migration to keep the position.

Connext Official Links

Official channels, documentation and community for this airdrop:

This airdrop has concluded. It is kept for research rather than participation.

Why we built Airdrop Meta

Why We Built Airdrop Meta

36 million HYPE tokens went unclaimed over a missed T&C signature. That is $1.2 billion lost to a single update, and one of many such cases.

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