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Major fantom update

Fantom TVL Wars ended with a MAJOR update that might include your favourite ecosystem coin!

24 hours ago, the SolidSwap distribution snapshot was finalized after a crazy week of TVL Wars on Fantom. 

Miles Deutscher by Miles Deutscher
January 26, 2022
in Breaking News
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Miles Deutscher

24 hours ago, the SolidSwap distribution snapshot was finalized after a crazy week of TVL Wars on Fantom. 

As outlined in my article yesterday, the veNFT distribution was to be awarded to the top 20 protocols on Fantom by TVL. However, Andre’s final snapshot tweet caused some disruption among the Fantom community, as major projects like Liquid Driver, Tomb Finance and Tarot Finance were seemingly omitted. 

I even tweeted my disappointment at the time:

It feels a little disingenuous that projects manipulating TVL are going to get snapshotted over projects like $LQDR and $TAROT which are the backbones of the $FTM ecosystem.

I hope something’s done about this cos the whole TVL wars thing is starting to seem pretty inequitable.

— Miles Deutscher (@milesdeutscher) January 23, 2022

However, thankfully we just received the amazing news that Andre has decided to honor these projects, despite them not qualifying directly via the top 20 by TVL. 

We can see on Github that the distribution was received by 25 projects (as opposed to the original 20, and weighted based on total TVL).

We fucking did it. @LiquidDriver, @tombfinance and @TarotFinance are all receiving the airdrop.

Thank you @AndreCronjeTech for making things right. 🙏 https://t.co/vcmDoBHbad

— Miles Deutscher (@milesdeutscher) January 25, 2022

This is a testament to both Andre’s character, and the strength of the Fantom community, who banded together to voice their support for the omitted projects. 

I’m incredibly excited to see what’s next for SolidSwap and its impact on the Fantom ecosystem, as we receive more details over the coming days.

Miles Deutscher is a degen with immense experience in finding altcoin gems, and navigating the world of DeFi for the best strategies and biggest returns in the crypto space. He writes for Crypto Banter in his personal capacity and his views are his own. Want more from Miles? Check out his Twitter feed here and his YouTube channel here.

Tags: FTM
Miles Deutscher

Miles Deutscher

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