The stablecoin protocol HAI will conduct an airdrop on February 12th, distributing 22.3% of governance token KITE to 18,034 eligible wallets. This airdrop aims to reward REFLEXER PROTOCOL users, individuals using the HAI testnet, and OPTIMISM governance participants who hold more than 50 OP tokens and have voted multiple times. HAI is a stablecoin protocol based on REFLEXER FINANCE, linked to numerous decentralized crypto assets, and is a branch of the RAI stablecoin. HAI is not only a stablecoin protocol but also a lending platform and DAO. KITE holders will have the right to determine the collateral types on the platform, modify protocol parameters, and participate in auctions.

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<p>According to The Block, Reflexer Finance's stablecoin protocol HAI will conduct an airdrop on February 12th, prior to its launch on the Optimism mainnet on February 20th. In this airdrop, HAI will distribute 22.3% of its governance token KITE to 18,034 eligible wallets. Qualified users include Reflexer Protocol users, individuals using the HAI testnet, and Optimism governance participants who hold over 50 OP tokens and have voted multiple times.</p>
<p>HAI is not pegged to any fiat currency but rather tied to various decentralized crypto assets. It is a branch of RAI, a non-pegged stablecoin based on Ethereum, which originated from the Reflexer Finance protocol. Reflexer allows users to deposit crypto assets as collateral to mint RAI, which maintains stability through algorithms. In addition to being a stablecoin protocol, HAI also functions as a lending platform and DAO. KITE holders have the power to determine the types of collateral on the platform, modify protocol parameters, and participate in auctions.</p>
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The HAI Stablecoin Protocol will conduct an airdrop to distribute the governance token KITE.