$ded to moonwell.fi users?

hi all - been using moonwell.fi since last summer and what a great experience coming from the eth world . . . anyway, going long on dot and so moved my dot to xcdot to pursue that strategy so just checking if there is a way that users like me can be identified/rewarded with the possible upcoming airdrop? if the purpose is reward dot holders, then i have been one for 2 years and would like to participate, if possible. cheers


Hey @mcecc, welcome to the Moonwell Governance Forum! As far as $DED is concerned, I’ve been in discussion with a few contributors to the project and am in the $DED technical Telegram chat, just trying to keep tabs on things. They’re still working out all of the logistics as far as the airdrop is concerned.

Once more details are made available from the $DED community, I’ll pass along that information here.


thx for your reply and hopeful news . . . understand things are still evolving. :grinning:


Is there any news about support of the DED airdrop?

Hey @zaib0n! I was asking around for an update last week, and it seems that a lot of the technicals are still being worked out. AFAIK, the $DED allocation for Moonbeam will likely be airdropped to the Moonbeam Sovereign account and the Moonbeam Foundation / Community will determine how to distribute.

Hey @majin, thanks for the answer.

If I understand correctly, this means it will still be time for the community to decide to send the airdropped token to the moonwell users?
But how would that work, there needs to be a snapshot take also on moonbeam itself to make that possible, no?

I’m not sure how the Moonbeam Foundation is thinking about handling distribution. It very well could be a similar process to $PINK (where projects/communities have to apply to receive $DED, like a grants process). They could also just airdrop to all accounts holding xcDOT (which could include the mDOT contract). We’ll just have to remain patient until we learn more.

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HI the snapshot has been taken.
PLease update on the eligability for moonwell lenders.

Hey @Qhuman! The initial Snapshot has been taken, but there is no new news at this time regarding distribution on Moonbeam.

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Who is responsible on the moonbeam side to make this question go further? The airdrop is now finished and nothing moved here.
We should probably get in touch with someone at Moonbeam about this topic.

I would recommend following up here if you’re interested: [Referendum: 44] Proposal to Register Asset xcDED - Democracy Proposals - Moonbeam Community Forum

I’ve seen this proposal yes, thanks.

Bit I don’t really see why this would block any discussion around how the distribution will happens.
Creating the asset on moonbeam and deciding who is eligible to receive part of the airdrop are 2 different things.

I’ve asked on the Moonbeam discord also who was responsible to get this discussion going. And it seems on the Moonbeam side nothing is in motion either. They plan to open a forum thread about it soon too…

So basically, there are no info anywhere cause this has never been discussed by anyone :smiley:

I’d wait on that forum post to be created on the Moonbeam Forums. That’s where the discussion around distribution is likely to take place.

Please can an update be provided on this? It’s been 2.5 months since there was an update. It only seems reasonable that DOT lenders at the time of the snaphot should be given a mechanism for claiming their DED.