Important notes on the Maverick airdrop redistribution🪂👇
🔹Spiral DAO aims to redistribute Maverick airdrop to sprMAV holders in the form of liquid-locked sprMAV.
🔹Once the Maverick incentives are dropped, Spiral DAO will distribute 70% of the remaining sprMAV to all sprMAV holders proportionally to their sprMAV share. The snapshot is taken at the same time as Maverick’s one.
🔹As per the initial plan, redistribution will be conducted in 3 stages following a hybrid model combining direct distribution and progressive incentives to avoid liquidity rag and sprMAV depeg, strengthening long-term sprMAV liquidity. According to our estimations, 145,9642.1 of sprMAV will be redistributed at first.
🔹Spiral DAO will take 10% as a fee on the initial distribution and dedicate it for future DAO’s strategic needs: besides holding a portion in the Treasury, a significant amount will be used for incentivizing future sprMAV liquidity as well as for our pool vote incentives purposes. The percentage from our emission market participation will be dropped to sprMAV holders and stakers.
🔹Claiming Maverick airdrop and performing further transactions by many users is affecting the sprMAV peg. However, we will add new liquidity within Maverick V2 which will fix it.