Term Finance has officially launched the $TERM Season One Airdrop to reward the early adopters, contributors, and community members who helped grow the protocol. With over $295 million in loans cleared and a growing community of 125,000 users, Season One proved that fixed-rate lending is here to stay. The airdrop will distribute a total of 5,000,000 $TERM tokens to eligible users based on Term Points earned through protocol usage (such as participating in auctions, lending via Blue Sheets, or depositing into Vaults) and genuine community engagement across platforms like Discord and Twitter. The snapshot was taken at 00:00 UTC on March 22, and users must have had an active wallet before March 19 to be eligible. $TERM tokens will also play a role in Season 2, which is already underway, so continued engagement and protocol activity will count toward future rewards.

Network

Ethereum