This proposal suggests redistributing unclaimed tokens from the hodlerdrop(Lisk HodlerDrop) proportionally to the airdrop already received by participants, like LayerZero did. If half of the tokens remain unclaimed, those who have already claimed their tokens would receive an additional amount proportional to what they have already claimed.
Motivation
The unclaimed tokens were initially designated for the hodlerdrop, so it makes sense to redistribute them to active participants rather than reallocating them elsewhere. Many active participants have already experienced significant dilution of their holdings during the migration. This redistribution would help offset that effect and support those who actively engaged with the platform.
Rationale
This proposal aligns with Lisk DAO’s mission to support and reward active community members. By redistributing the unclaimed tokens, we incentivize engagement and participation. Additionally, this ensures that tokens originally set aside for the community stay within the community, promoting fairness and inclusivity in line with the DAO’s values.
Action Plan
Snapshot and Assessment
Determine the final amount of unclaimed tokens after the set claim period.
Assess the total distribution to hodlerdrop participants.
Proportional Redistribution
Redistribute unclaimed tokens proportionally among the active participants who claimed their hodlerdrop tokens.* * example: If half of the tokens remain unclaimed, the redistribution will be adjusted according to the percentage already claimed by each participant. It means that each participant will receive the same amount as they originally received, because the exact same amount of tokens remains unclaimed.
Execution and Transparency
Provide a transparent report detailing the redistribution process to ensure the community can verify the amounts received.
Allocate development resources to implement and execute the redistribution via smart contracts, if applicable.
Should the unclaimed hodlerdrop tokens be redistributed proportionally among participants who have already claimed their tokens?
Yes: Redistribute the unclaimed tokens proportionally among those who have already claimed.
No: Do not redistribute the unclaimed tokens among the claimants.
Abstain: No opinion or preference on the redistribution of unclaimed tokens.
What about people who got their tokens swapped on crypto exchange automatically for 1:1 ratio? I don’t think redistributing is good idea, better freeze those tokens to avoid selling pressure. You want to reward people who already got their rewards and punish those who have unclaimed tokens. If they receive now they will sell it dumping the price. Please don’t steal people money from them. They have unclaimed tokens they should be able to claim them even after 20 years.
I’m lisk holder since 2018, don’t tell me I’m new. I see lisk news all the time since then. I have my lsk tokens on crypto exchange ready to sell at any given time. My goal is to make higher lsk token price. All your ideas are opposite to this. I don’t want more tokens I want more money from my investment.
Then how you will name people who bought lsk tokens and are not staking them for rewards when another people receiving somebody else staked rewards and selling those additional tokens from rewards for cash? New investors are punished for buying something with strong consistent downward moves on chart. Lower lows higher rewards.
We are talking here about 1.514mln unclaimed lsk tokens ready to flood the market dumping the price.
Don’t make new lisk investors start from loser position. Those unclaimed tokens should be locked.
Whoa, slow down! Don’t judge by your own standards! Thank you for revealing your true goals, because your goal is only about the price, while mine is different — the development of the project, and as a RESULT, the price growth.
I’m getting less and less inclined to respond to your foolish comments because it’s clear you haven’t been involved with Lisk since 2018, or you’re just holding tokens without understanding how things work here. People earn rewards only for staking their own tokens, plus they receive rewards proportional to the risk! You’re actually confirming that you’re a parasite of the current system, a speculator, and the only thing keeping you here is the price. I assure you, you will get that opportunity at a good price. Every validator has locked their tokens for a long term, and you can verify the lock periods for any of us. 90% of my tokens are locked for 1-2 years, and for that, I get the right to vote, the right to make proposals, and the right to earn rewards! Moreover, for the rewards I receive, I also face penalties in case of early unlocking, up to 50% of my stake! By the way, before the migration, I increased my stake by 2.5 times.
You hate investors and parasite is you not me. I bought tokens with my own money you are earning them for free by staking. So hateful speech you started. Learn how to appreciate investors like me willing to invest their money to lisk project long term or let your tokens be worthless number on the screen.
You’re so mad at me now that I say things as they are. It is in YOUR interest and it is beneficial for you to push this idea. Selfish behaviour. But keep thinking you are the most important and most influential person here… this is the problem that really is destroying this project. You can’t stand the vision that somebody else unclaimed tokens won’t go to your fat wallet.
I bought 600,000 tokens before the migration. LayerZero, for example, distributed all the tokens intended for the drop in a second distribution, exactly the way I suggested. I didn’t come up with this idea on my own; I simply used a practice from the market.
Everyone will make their own conclusions. Have a good day.
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here is an overview of the Lisk Team Delegate’s thoughts and plans on how we will vote in regards to this proposal.
For context, the purpose of the Hodlerdrop is to:
Incentivize users to migrate their LSK tokens to the Lisk L2 and get involved in governance, and
To reward existing LSK holders prior to the token migration.
While this proposal would further achieve the second goal of the airdrop, it would not further support the first objective in any manner. Therefore, after discussing this internally, the Lisk team will vote to abstain on this proposal.
In this way, while we are not outright supporting the proposal, we are still contributing the Lisk delegate’s voting power to the quorum giving the proposal a better chance to pass overall if the community wishes.
Additional note: if the vote is to pass, the redistribution of the tokens in the proposed manner would require some implementation work from the Lisk team’s side. So we would update the community on timeline needed to complete this work at a later date.
The HodlerDrop aims to reward our OG community with a substantial total of 3 million LSK based on participation and holdings at Migration time.
But! “OG” and “based on participation and holdings at Migration time” is not equal. Maybe you should to think how to reward really OG community, who with you since ICO. Maybe any merch, maybe personal merch, like delegate name on the back of(mug, T-shirt, sweater), or something like that. Or just award with personal NFT with achievement to Lisk community and ecosystem. Just like an idea to the future.
The following reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting AGAINST this proposal.
The main reason we’re voting against has to do with the timing of the proposal, rather than the idea itself.
When the airdrop happened in May, there wasn’t a time window specified during which eligible participants could claim the airdrop. While we believe we shouldn’t keep these tokens allocated in perpetuity as some people might never claim, we also believe that 5 months is a relatively short timeframe to introduce such a change.
Allowing eligible participants to claim their airdrop could potentially increase the number of active participants in Lisk’s ecosystem and DAO, whereas redistributing would only benefit existing users.
Lastly, as the contract shows, people are still claiming their airdrop daily.
But I want to point out mistakes in your conclusions (I mean you are mistaken about the facts).
What does this mean? It means that everyone has 6 months to claim their airdrop as was planed by team. After this period, all unclaimed tokens will be redistributed if the proposal is accepted.
Actually, it doesn’t look like the announcements had any information about the claiming window. But when you go to Lisk Portal, there’s a banner at the top of the website with the information, and once you connect your wallet, you can see a countdown.
After receiving messages by individual community members about this proposal, I’ve taken a look at the issue at hand.
I’d vote YES on this proposal of redistributing the remaining LSK tokens in the same ratio as already claimed (e.g. 2M LSK distributed, 1M LSK left, for each 6,250 LSK a user already claimed, they can claim another 4,166 LSK), if the following conditions are applied:
50% redistribution to the users who stake the same amount for 3 months (e.g. user is eligible for 4,166 LSK, if they stake 4,166 LSK for 3 months they receive 50% of the LSK amount)
50% redistribution to the users who stake the same amount for 6 months (e.g. user is eligible for 4,166 LSK, if they stake 4,166 LSK for 6 months they receive 50% of the LSK amount)
Any remaining amount goes into the Ecosystem Fund
Reasons:
This emphasizes the hodler aspect, double-rewarding only those users who also “double hodl” their LSK.
Hi, Max! I’m really glad to see you here! After all, you’re the largest voting power holder, and it’s truly essential to stay aware of what’s happening in the community!
Regarding the proposal, I fully support your adjustments—they completely capture the spirit of why these tokens were allocated. So, I’ll incorporate these changes into the main proposal, and we can hold another vote after some time, following further discussion and refinement of the final version.
The unclaimed tokens were initially designated for the HodlerDrop, so it makes sense to redistribute them to active participants rather than reallocating them elsewhere. Many active participants have already experienced significant dilution of their holdings during the migration. This redistribution would help offset that effect and support those who actively engaged with the platform.
Rationale
This proposal aligns with Lisk DAO’s mission to support and reward active community members. By redistributing the unclaimed tokens, we incentivize engagement and participation. Additionally, this ensures that tokens originally set aside for the community stay within the community, promoting fairness and inclusivity in line with the DAO’s values.
Action Plan
Snapshot and Assessment
Determine the final amount of unclaimed tokens after the set claim period.
Assess the total distribution to HodlerDrop participants.
Proportional Redistribution
Redistribute the remaining LSK tokens in the same ratio as already claimed (e.g. 2M LSK distributed, 1M LSK left, for each 6,250 LSK a user already claimed, they can claim another 3,125 LSK), if the following conditions are applied:
50% redistribution to the users who stake the same amount for 3 months (e.g. user is eligible for 3,125 LSK, if they stake 3,125 LSK for 3 months they receive 50% of the LSK amount);
50% redistribution to the users who stake the same amount for 6 months (e.g. user is eligible for 3,125, if they stake 3,125 for 6 months they receive 50% of the LSK amount);
Any remaining amount goes into the Ecosystem Fund.
Execution and Transparency
Provide a transparent report detailing the redistribution process to ensure the community can verify the amounts received.
Allocate development resources to implement and execute the redistribution via smart contracts, if applicable.
Should the unclaimed hodlerdrop tokens be redistributed proportionally among participants who have already claimed their tokens?
Yes: Redistribute the unclaimed tokens proportionally among those who have already claimed.
No: Do not redistribute the unclaimed tokens among the claimants.
Abstain: No opinion or preference on the redistribution of unclaimed tokens.
Thank you for revealing your true goals, because your goal is only about the price, while mine is different — the development of the project, and as a RESULT, the price growth.