Prism v2 Airdrop

It’s time for a new airdrop in the Cosmos ecosystem. Prism is working on the v2 version which will be live in the coming weeks in the Cosmos ecosystem. In this article, we will explain how to qualify for the Prism airdrop.

You will be able to claim the airdrop after the launch of Prism v2, scheduled for Q2 2023. To qualify, you must meet one or more of the eligibility conditions below.

How to participate in the airdrop:

Delegate ATOM to Prism Cosmos Hub Validator

By delegating to Prism Cosmos Hub validator, ATOM holders have the opportunity to earn an airdrop from Prism. This not only supports the development of Prism's Cosmos Zone, but also ensures that the airdrop is distributed to those who actively choose to receive it, and who are more likely to leverage the opportunities that Prism will provide.

Starting from 19 January 2023, weekly snapshots will be taken. The airdrop amount will be determined using the weighted average of the balances from these snapshots, and will be claimable after the mainnet launch.

Delegate OSMO to Prism Osmosis Validator

By delegating to Prism Osmosis validator, OSMO holders have the opportunity to support the development of Prism's Cosmos Zone and earn an airdrop. This ensures that the airdrop is received by those who are actively seeking it, and who are most likely to benefit from the opportunities Prism will provide.

Weekly snapshots will be taken starting from 9 February 2023, and a weighted average of balances from these snapshots will determine the airdrop amount. The airdrop will be claimable after the mainnet launch.

Delegate to Prism Terra Validator

Delegate LUNA to the new Prism Terra Validator.

Snapshots will be taken weekly, commencing 26–28 November 2022. A weighted average of balances from the weekly snapshots will be used to determine the airdrop amount.

Mint & Hold cLUNA

Mint cLUNA on Terra 2 and hold it in your wallet. Bond your LUNA to mint cLUNA by following the instructions here.

Snapshots will be taken weekly, commencing 26–28 November 2022. A weighted average of balances from the weekly snapshots will be used to determine the airdrop amount.

Provide liquidity in cLUNA - LUNA pool on Astroport

Snapshots follow the same format as the others, but will commence when there are ASTRO incentives on the cLUNA-LUNA liquidity pool. To provide liquidity to  cLUNA-LUNA pool click here.

I much prefer to participate in airdrops by staking ATOM or OSMO at Prism Atom Validator or Prism Osmosis Validator. If you have already delegated your ATOM or OSMO at any other validator on Cosmos or Osmosis, simply click on “Redelegate” in the delegation options and move your assets to Prism validator, as illustrated in the pictures below.
Wallet Keplr
Wallet Keplr
Wallet Keplr

To finish redelegation just click on “Redelegate”.

Additionally, it is essential to keep in mind the un-delegation lock time. If you wish to withdraw your assets from staking, you must wait for 21 days for ATOM and 14 days for OSMO until your assets become liquid again. During this time, you will not receive any staking rewards, and you cannot cancel the unbounding process.

Analyst Opinion

Prism is an impressive protocol and is in the process of developing its own blockchain within the Cosmos ecosystem. If you hold ATOM or OSMO and are interested in participating in the airdrop, it is worth considering delegating your assets to Prism validator on Cosmos or Osmosis.

However, I am personally choosing not to participate in steps 3-5 due to the troubled history of the Terra blockchain. Nonetheless, if you have some LUNA, it would be worthwhile participating.

René Užovič

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