Dragonfly managing associate Haseeb Qureshi proposed a status system to reward customers on token distributions by way of airdrops.
On a Sept. 15 publish through X, he shared a reform plan to filter airdrop farmers who dump tokens instantly after launches.
Qureshi responded to Aztec CMO Claire Kart’s critique that airdrops “tank your chart” and supply “lazy alignment” by drawing parallels to IPO allocation strategies.
Corporations supply institutional traders like BlackRock preferential pricing as a result of these companies exhibit long-term holding patterns, whereas retail traders pay market costs resulting from unpredictable habits.
Qureshi said:
“It’s loopy that token distributions don’t work this manner.”
He advocated for meta-incentives primarily based on customers’ historic token habits fairly than platform-specific metrics.
Holder rating framework
The Dragonfly associate proposed standardized holder scores monitoring token retention curves, governance participation, payment spending, liquidity provision, and product utilization throughout a number of protocols.
Tasks would publish these scores in JSON format, enabling different groups to include status information into distribution selections.
Qureshi argued that this creates accountability throughout the ecosystem. Customers who find out about future airdrops contemplate their holding historical past when modifying their habits towards long-term dedication fairly than rapid promoting.
Credit score bureaus function equally, with monetary establishments sharing buyer information to encourage accountable habits.
The framework really helpful limiting free airdrops to underneath 15% of whole token era occasions whereas promoting the bulk by way of score-tiered crowdsales.
Higher holder scores obtain bigger allocations at decrease costs, whereas mercenary farmers pay full value or obtain no entry.
Crowdsale benefits
Qureshi said that the proposal addresses elementary airdrop issues by requiring pores and skin within the sport. Customers paying for tokens create dedicated holder bases versus recipients of free cash looking for rapid exits.
Crowdsales additionally present built-in sybil resistance, as creating hundreds of farming accounts turns into economically prohibitive.
He acknowledged airdrops stay helpful for pay-for-performance situations requiring particular measurable actions like whole worth locked or buying and selling quantity.
Nonetheless, Qureshi concluded that broad “helicopter cash” distributions solely entice synthetic exercise that disappears after token launches.