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WaterDrops

WaterDrops works like a regular claimable airdrop except the tokens are streamed to the recipient overtime.

WaterDrops

Created At

ETHOnline 2022

Winner of

🏆 ETHOnline Finalist

🏊‍♂️ Superfluid — Pool Prize

Project Description

The problem with traditional Airdrops is that the recipients immediately sell their tokens. They receive them as a lump-sum so they can quickly turn around and dump them on the market. WaterDrops solves this problem by streaming the tokens to the recipients over a period of time. Create a claimable WaterDrop by specifying an output rate, duration, and expiration. WaterDrops will then stream the tokens to the recipient so they receive them slowly overtime. This is different from vesting contracts where tokens become claimable over a period of time and require the recipients to execute multiple claim transactions. WaterDrop recipients claim once and then receive their tokens as they would if they were vesting.

How it's Made

WaterDrops is built using Superfluid and Gelato. Superfluid is used to stream the tokens to the recipients. Gelato is used to close the streams after the duration has passed. Hardhat is used to manage the project's solidity/typescript code for testing and deploying the application to polygon.

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