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📶ARB Airdrops For STG Voter and Users.

✔️Have voted at least on 15 snapshots proposals from the Stargate DAO since inception.

✔️Have at least 5 transactions from or to Arbitrum (doesn’t need to be with Stargate bridge) before February 6 th or have provided liquidity into Arbitrum on Stargate before February 6 th (any amount).

🤳Details :commonwealth.im/stargatetoken/discussion/10551-airdrop-arbitrum-to-vestg

Airdrop Arbitrum to VeSTG](https://commonwealth.im/stargatetoken/discussion/10551-airdrop-arbitrum-to-vestg))
Issue Statement:

Based on the recent news from Arbitrum Foundation, Stargate Finance has become eligible for 1.6M $arb tokens. As the Arbitrum Foundation has stated: The ultimate goal is the localization of community governance” “The hope and intention is that by distributing to Arbitrum DAOs, we’re able to spread governance power more widely amongst users than solely allocating to those who were eligible for the airdrop.” Along those lines, it has to be

said that some users that used Stargate to bridge into Arbitrum didn’t get any airdrop.

So by the Arbitrum foundation statements it’s clear that these 1.6M tokens have the objective by the Arbitrum foundation to find active users on these DAOs that have been very active and if possible also have some related activity to Arbitrum.

This way the token finds a user that:

-Is an active user of the Stargate DAO and has been for a long time, and also understand the functionality of DAOs in the cryptocurrency world, being a potential user that brings value to Arbitrum DAO also.

-Has been active in the Arbitrum ecosystem, using the chain, doing transactions and/or being a liquidity provider before February 6 th , way before a token was announced as we will explain next.

To achieve all of this, we propose that 75% of the 1.6M tokens (the other 25% should be for future users and we wait for further proposals on that) are given out to VeSTG holders wallets that are staking in any of the current 8 chains that Stargate supports (excluding team/ investors) that meet the next two criteria:

Have voted at least on 15 snapshots proposals from the Stargate DAO since inception.
Have at least 5 transactions from or to Arbitrum (doesn’t need to be with Stargate bridge) before February 6 th or have provided liquidity into Arbitrum on Stargate before February 6 th (any amount).

With this two criteria we ensure that the user that receives Arbitrum tokens is a user that has been for long in the Stargate DAO as a VeSTG holder participating a lot, knows the protocol and has shaped it and also that it’s a user that has used the Arbitrum ecosystem in the past, either by bridging or providing liquidity. This maximizes the chances of the receiver of the airdrop being a user that will have interest in participating in Arbitrum DAO with its tokens, understands what is a DAO and what it takes to be an active user of one, and filters out speculators as this could have been a problem with the last proposal.

As said, the wallet will need to check criteria 1 and 2 to be eligible. When those wallets are detected, the 1.200.000 Arbitrum tokens will be given proportionately to VeSTG amount (the snapshot of VeSTG amount per wallet will be done with data from February 6 th ).

Example

Wallets eligible and detected after all the process are A,B,C,D,E and on February 6 th they

had this VeSTG amount:

Wallet A: 6700 VeSTG

Wallet B: 1500 VeSTG

Wallet C: 2100 VeSTG

Wallet D: 5000 VeSTG

Wallet E: 7500 VeSTG

Total VeSTG: 22800 VeSTG

1.2 million tokens are given out proportionately to VeSTG:

Wallet A: 29,39% of 22800 is 6700, so wallet A gets 29,39% of 1,2M tokens = 352680 Wallet B: 6,58% of 22800 is 1500, so wallet B gets 6,58% of 1,2M tokens = 78960

Wallet C: the same calculation etc…

This is just a simple example with just 5 wallets to understand how the calculations should be done. The Stargate team should detect how many wallets are eligible and the VeSTG amount per wallet on February 6th and release $arb tokens proportionally as shown in the example.

Solution:

Share 75% of Arbitrum tokens received by Stargate DAO. These tokens should be given proportionally to VeSTG (voluntarily users that bought and locked STG in any of the 8 chains) excluding team/ investors accounts.

To be eligible, these wallets will also have to meet these two criterias:

1.Have voted at least on 15 snapshots proposals from the Stargate DAO since inception.

Have at least 5 transactions from or to Arbitrum (doesn’t need to be with Stargate bridge) before February 6 th or have provided liquidity into Arbitrum on Stargate before February 6 th (any amount).

The airdrop will be received on the respective Arbitrum chain of every wallet.

Success:

Distribute 75% of $ARB proportionally to VeSTG amount (with data from February 6 th ) after checking the two criteria mentioned to be eligible. The other 25% could be used for future users of the Stargate DAO and we wait for further proposals.

Execution:

If this proposal garnishes enough traction and positive sentiment, and passes a Snapshot vote, it can be executed by the Stargate DAO.

Timeline and Costs:

First, after the governance approval, it will require that the Stargate team, working with snapshot, detects those wallets. Then, the release of the ARB tokens to such wallets will happen. This could require ~3-4 weeks set up on the developer side or the time that the team communicates with a maximum timeframe of three months.

Summary:

This proposal helps align Stargate DAO with Arbitrum DAO, rewards and gives more utility to being a VeSTG holder which haven’t been rewarded yet in other lucrative forms (only from fees by the protocol) and would be a great use of the ARB Tokens since it could provide Arbitrum DAO with experienced users from Stargate that have been users of Arbitrum in the past and very active in the DAO. Thus helping decentralize Arbitrum which

is the objective of the token.