Polymarket said it will conduct token airdrops in the future, which may be affected by the decline in TVL after the election

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MarsBit
11-09
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According to the screenshot of the Polymarket settlement page, the platform stated that "future airdrops are expected, and users who reinvest their rewards into other markets may be eligible for more rewards and airdrops. If you stick around, you'll be happy." It is worth noting that this move may be related to the withdrawal of funds after the election results. According to defillama data, the TVL of the Polymarket platform was $511 million on November 6, and had dropped to $185 million by November 8. In addition, Mars Finance previously reported that The Information cited informed sources in September saying that Polymarket was in talks to raise $50 million in new funding and discussing the possibility of launching a token for the operation of the prediction market.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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