Claiming & NFT-based Airdrops

Lychee may periodically create new DeFi protocols in-house to expand the product suite; for tokenized protocols, $SAL stakers and NFT holders receive an airdrop.

NFT holders are automatically eligible for airdrops, whereas traditional stakers and liquidity miners are not.

Claiming

• Users can claim their $WETH rewards every 15 days

• $SAL rewards are not vested and can be claimed whenever you'd like

Airdrop Example

User B owns several Lychee NFTs. Lychee announces that all NFT holders will be entitled to an airdrop from a new DeFi protocol Lychee is developing.

Lychee informs users that NFT holders will receive 10% of the new token's supply through an airdrop.

User B then determines that he owns 5% of the NFT supply, entitling him to 5% of 10% of the new token's supply.

In the event of an airdrop, NFT holders may claim their tokens directly from Lychee's dApp.

Lychee NFT

At TGE, up to 1600 Lychee NFTs shall be minted. Originally, Lychee's predecessor featured approximately 800 v1 NFTs. Some users held those NFTs and subsequently minted v2 NFTs, retaining posession and ownership over both. In such an instance, these users will receive their equivalent # of v1 and v2 NFTs. For example, if User C owned 5 v1 NFTs and minted 5 v2 NFTs, he will receive 10 Lychee NFTs.

No more NFTs shall ever be minted beyond this threshold.