Author: CC2 Source: X, CC2 Ventures Translation: Shan Ouba, Jinse Finance
Known as the largest airdrop in Ethereum Layer 2, the airdrop of zkSync’s token ZK has finally landed, but many users, active communities, and project owners said they did not receive the airdrop. Related reading: Rat trading, low airdrop rate, and unfollowed rules shatter the dreams of the money-grabbing party zkSync
Merkly advisor CC2 Ventures published an article titled “How to Save the zkSync Airdrop”. The full text of the article is translated by Jinse Finance as follows:
Remove projects that have not yet deployed on zkSync from the 17.5% “airdrop” share - these projects will receive their share after “ecosystem incentives” go live.
Increase the initial airdrop amount by 3.5%.
These two steps bring the initial allocation to “users” to 20.3% (not 21%, since some zkSync native projects take a 0.7% share, which is reasonable).
Set the maximum eligible amount to 85,000 $ZK — not a huge reduction, but enough to redistribute to ineligible addresses for maximum decentralization.
Use Arbitrum’s Sybil-proof lists. Also hire a third party (similar to Nansen) to specifically scan all addresses in the target cluster - this will free up 0.5%-0.7% of the supply, or even more.
The criteria for the initial $ZK airdrop were generally reasonable - liquidity providers, time-weighted asset holders, Memecoin traders and holders were all given large rewards (in yuan), and not to penalize them further, but to:
We now have an extra 6% to work with. I haven’t actually calculated it, but the maximum eligible wallet amount is reduced by 15,000 via this tweet:
https://x.com/Shishir42069/status/1800538362782052441
Arbitrum/3rd-party Sybil filtering + redistribution of undeployed zkSync projects
zkSync launched at a level slightly above Arbitrum FDV (9.87B FDV, $0.47 per $ZK).
A 6% supply reallocation is worth about $592 million. It could be as high as 8%.
This is dependent on the maximum wallet being reduced by 15,000 and the amount of Sybil filtering.
After extensive Sybil filtering, we made an additional 300,000 addresses eligible. Each new address (not previously eligible) received approximately 1973 $ZK tokens - some more, some less.
We are now applying an Arbitrum-like points system to the 300,000 wallets that were previously ineligible:
Connect to zkSync Lite before zkSync Era launch
3 Txs were performed on zkSync lite before zkSync Era launch
The transaction volume on Era is divided into 1k, 10k, 25k and 100k.
Divide the number of transactions on Era into 10, 25, 50, 100, and 250
Divide the number of trading months on Era into 3, 6, and 12 months.
Design a reasonable points system for these metrics, and if some criteria seem too Sybil, add some small additional rewards to grade them.
Adjust the percentage and points system until it “makes sense” and includes the last at least 1 million addresses as a baseline.
you did it.
There will still be some people who are unhappy because zkSync has 8 million addresses and not everyone will qualify (survival of the fittest), but now your initial circulating supply is more decentralized.
Why do you care about my opinion? Because I helped design the $ZKJ (Polyhedra) airdrop to Merkly users, with over 65,000 eligible addresses and only 500,000 $ZKJ tokens to use.
Study the very positive response: https://x.com/merkly_com/status/1785272557408530811
Again, I haven’t crunched the numbers for all the steps above – they could be wildly inaccurate – but the situation is definitely salvageable if you apply some of the steps mentioned.
