Echelon

    What is Echelon?

    Echelon is a universal lending market connecting liquidity and supercharging yields on Aptos. Echelon aims to drive Aptos DeFi ecosystem growth with an efficient, composable debt platform, creating opportunities for additional yield, credit, and derivative products to be buit.

    Echelon Airdrop Details

    The Echelon airdrop claim portal is now live with three eligible groups receiving a combined 8.5% of total ELON supply. The airdrop claim period ends on Mar 2 11:59pm UTC.

    The $ELON airdrop is also live for Ethena sENA stakers, with 5% of total ELON supply allocated. Visit the claim portal to claim your tokens. The distribution is structured as follows:

    • 0.5% unlocks immediately
    • 4.5% vests quarterly over 12 months

    Latest Update: Echelon Airdrop Claim Now Live

    The Echelon airdrop claim portal is now live with three eligible groups receiving a combined 8.5% of total ELON supply. Each group has different claim types, eligibility requirements, and vesting schedules.

    Echelon Points Holders

    Allocation: 3.0% of total ELON supply

    Eligibility: Users who accumulated Echelon points through platform activity

    Claim Type: Paid claim requiring an on-chain contribution in APT priced at $40M FDV

    Vesting: Fully unlocked at TGE with no vesting restrictions

    sENA Stakers

    Allocation: 5.0% of total ELON supply

    Eligibility: Users who earned Echelon Points from holding sENA tokens

    Claim Type: Free claim

    Important Requirement: Since Aptos addresses cannot be derived from EVM addresses, sENA stakers must delegate their Echelon Points to an Aptos wallet before claiming. Complete delegation at the Ethena delegation portal.

    Vesting Schedule:

    • 0.5% claimable starting TGE + 10 days
    • Remaining allocation vests quarterly over 12 months

    veTHL Holders

    Allocation: 0.5% of total ELON supply

    Eligibility: Users who held veTHL tokens

    Claim Type: Free claim

    Vesting: Fully claimable at TGE with no vesting restrictions

    The airdrop claim period ends on Mar 2 11:59pm UTC

    How to Join Echelon Airdrop (Ended)

    1. Visit the Echelon website.
    2. Connect your wallet.
    3. Click on confirm to apply the referral code.
    4. You will get a 5% boost on all lifetime points earned if your account is referred by another user.
    5. To qualify for the airdrop, you need some APT. If you don’t have APT, you can get it on Binance.
    6. Transfer your APT to your Aptos wallet, including Pontem or Martian wallets.
    7. Bridge your assets from any chains to Aptos Mainnet from here. Echelon has integrated Wormhole and LayerZero to allow users to bridge their tokens.
    8. Lend and borrow any assets available on the Echelon Dapp.
    9. Echelon has confirmed a TGE for Q2 2024 and an airdrop for Q3 2024. Users who complete the tasks could be eligible for their upcoming airdrop.
    10. Echelon has released details of its point system.
    11. Users can receive Base points from protocol usage. You will receive 1 point per dollar lent per day and 3 points per dollar borrowed per day.
    12. Referral is live, and you can receive 10% of all referee points.
    13. Additionally, there is a booster option where users can earn a booster for completing specific actions. Some of these actions are not live yet.
    14. You can find more details in this official document.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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    Estimated Value

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    Tokens per Claim

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    Max. Participants

    Unlimited

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