About OnX Finance Airdrop
Over the last year OnX Finance Airdrop have seen tremendous growth on Ethereum for projects within the decentralized finance ecosystem, including Uniswap, Sushiswap, Aave, Curve, Compound, Yearn, and many others. The OnX team believes there is an important piece of the puzzle missing on top of the existing foundation: which is a DeFi hub specifically for collateralized tokens.
OnX Finance Airdrop can be LP tokens, yield-earning tokens on projects like yearn, and even the newly-emerged Bond tokens. OnX will be the first project to build a DeFi platform specifically targeting collateralized tokens — including services such as an AMM, Lending, Yield Farming, and Insurance.
How To Join OnX Finance Airdrop
First Step
Hold your ANKR in an exchange supporting the airdrop.
Second step
Exchanges that have announced support for the airdrop are Binance, Huobi, Gate.io, Bithumb, Wazirx, Upbit, and Coinone.
Third Step
The snapshot will be taken on December 24th, 2020, at Ethereum block height of 11,513,500.
Fourth Step
The number of tokens you need to hold to be eligible for the airdrop will depend on the exchange. Some exchanges require at least 100 ANKR and some exchanges like Upbit doesn’t have a minimum requirement. Check the exchange announcements to see more information.
Fifth Step
Eligible holders will receive free ONX at a ratio of 10000 ANKR: 1 ONX, which means the holders will get 1 ONX for every 10,000 ANKR.
Six Step
The distribution date is not announced yet.
Seven Step
Follow the social media channels of ANKR and OnX Finance to see the updated information and exchanges list.
Eigth Step
For more information regarding the airdrop, see this Medium post.
Earning with OnX
OnX Finance adds the missing link on top of the existing DeFi foundation: a platform specifically targeting collateralized tokens, such as LP tokens (Uniswap, Sushiswap), yield earning tokens (YFI) and the emerging bond tokens (such as ankrETH).
OnX will be the first project to build a DeFi platform specifically targeting collateralized tokens — including services such as:
- Yield Farming
- Collateralized Token Vaults
- Lending
- Insurance
- Automated Asset Manager
- AMM (CTS)
OnX Airdrop to ANKR Holders
To support ankrETH, one of the first bond tokens for Ethereum 2.0 staking, we are conducting an exchange airdrop of ONX tokens to ANKR holders on major exchanges.
Yield Farming as Token Distribution
Majority (93%) of the token supply will be distributed over the next year through yield farming pools. The release schedule will be based on the # of OnX per block until the maximum supply of 10,000,000 ONX is reached. The following pools are initially planned for distribution.
OnX token metrics
The OnX token release schedule is based on the number of OnX mined per block until the maximum supply of 10,000,000 OnX is reached.
- reserved for distribution via yield farming
- reserved for the exchange airdrop campaign
- for OnX treasury — timelocked
- of every harvest for insurance fund
- 5% of every harvest for treasury
Bond Tokens & ankrETH
With the launch of ETH 2.0 around the corner, we have come across an evolutionary step in the direction towards Bond assets — Stkr (stkr.io). Created by the Ankr team, Stkr is a project which allows Ethereum stakers to participate in the beacon chain with as little as 0.5 ETH, and up to an unlimited amount of ETH with a single transaction.
This allows users the opportunity to participate in ETH 2.0 staking without having to stake exactly 32 ETH and without having to manage node servers 24/7. More importantly, users receive an equivalent amount of the synthetic token ankrETH (aETH) in return for their Ethereum staked on the beacon chain until it is redeemable for the rewards, which can be at least 1 year with current estimations.
This makes aETH the first large Bond token in DeFi, and OnX is looking to be the go-to platform for this emerging market.
OnX Airdrop to Ankr Holders
With the support of major DeFi projects like Curve, we believe Stkr’s aETH will be the leader in ETH 2.0 staking as the go-to bond token. To encourage this further, we are starting with an exchange airdrop to ANKR holders on supporting major exchanges.
An announcement will soon be made that will detail all participating exchanges and give a snapshot date.
All ANKR holders on these exchanges will receive a portion of 1 ONX token for every 10,000 ANKR tokens. This will help with initial exposure for the OnX ecosystem as well as significantly benefiting all ANKR token holders.
There will be a 4% pre-mint for this exchange airdrop campaign. Should any amount not be utilized, it will be put towards the OnX governance treasury.
