The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants. Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers a method to launder their funds), first announced the launch of a governance token in December. A snapshot for the airdrop was taken for Ethereum block 11400000, which was mined on December 6th, and addresses which had interacted with the protocol prior to that point were entitled …

After weeks of anticipation and a closely-watched series of preparatory steps, BadgerDAO’s synthetic rebasing Bitcoin, DIGG, is now live and claimable for qualified addresses on Ethereum mainnet. The release will be eagerly welcomed by a perhaps-overzealous community, one which has been lighting up Twitter with “wen DIGG” for weeks. For all the memes and excitement, however, there’s some serious technical heft behind both the distribution and the maintenance of the newest Bitcoin asset on Ethereum. Ultimately, however, now that DIGG is in the wild market forces are what will determine the long-term success of the synthetic Bitcoin asset — success …

Active decentralized finance (DeFi) users woke up yesterday to yet another “airdrop” of governance tokens, this time courtesy of self-described “multi-service platform” Stake DAO — but, due to the unique distribution method and some bugs in the rollout, eligible users might want to claim their tokens sooner rather than later. In an introductory post to the project, Stake DAO laid out the parameters for the SDT token distribution, which set aside an initial 1.5% of tokens for “active members” of a long list of popular DeFi projects. Among those members, the two largest allocations at 39% and 45% respectively were …

On Christmas day, prolific DeFi users found a surprise in their stocking courtesy of a unicorn that looks a little like Kurt Russell: decentralized exchange platform 1inch launched its governance and utility token 1INCH, which peaked at nearly $2.80 per token shortly after release. Harkening back to the release of the Uniswap token over the summer — an event that many likened to a “DeFi stimulus check” — the token was distributed via an “airdrop” to wallets who had used the platform for trades or had provided liquidity in the past. The average user received roughly 1,600 tokens, and one …

On Christmas day, decentralized exchange aggregator service 1inch has released its governance and utility token. As part of the launch, the platform airdropped 90 million 1INCH tokens to users who had previously traded on the exchange. According to data from on-chain analytics provider Dune, the highest recipient of the free token distribution received 9,749,686.003 tokens that were worth about $27.5 million at the peak price of $2.8 per token. An examination of the address with the largest initial claim shows significant yield farming activity with a lot of lending and loan collateral supply transactions. The address also has been active …

While Bitcoin (BTC) has hogged the majority of the mainstream limelight when it comes to the recent bullish action seen in the crypto market, the altcoin XRP has also surged over the past month, breaking out of a multiyear downtrend to regain some previously lost momentum. For example, in March, the price of XRP against the U.S. dollar was hovering around the $0.15 mark, only to scale up to a peak high of around $0.80 by the first week of December. However, despite all of the aforementioned positive developments, the value of XRP has not been able to break past …

TONCommunity.org, one of the multiple spin-offs of Telegram’s unlaunched blockchain network, has announced that its tetsnet is now live. After announcing plans for a separate TON network in late May, TONCommunity.org launched the testnet on July 28, the project’s founder Tooz Wu told Cointelegraph. Official TON testnet to shut down by Aug. 1 Alongside the testnet launch, TONCommunity.org is holding an airdrop of mainnet tokens, known as “TONcoins.” The latest airdrop is available for all Telegram users and features 10 million TONcoins, Wu said. Dubbed “testnet3,” the Chinese TON Community’s testnet poses itself as a continuation of the official TON …

A user reward scheme to distribute the new Compound governance token (COMP) has resulted in a dramatic rise of the value locked in the decentralized finance protocol as traders sought to “farm” the token, as fans affectionately call the practice. According to data from Defi Pulse, the Compound protocol’s total locked value soared from about $100 million to a high exceeding $600 million since June 15, the start of the COMP token distribution. Source: Defi Pulse Cashback on loans The COMP reward scheme works by periodically depositing the token to all balances interacting with Compound. This includes the protocol’s lenders …

Free TON, a decentralized blockchain network derived from Telegram’s TON blockchain, is launching the first community contests to power its network. Starting Monday, users, developers and validators are invited to participate in three separate contests, with Free TON planning to distribute thousands of TON Crystals, or Tons, as rewards. On Monday, the Free TON Community officially introduced proposals for the first community contests on the Free TON forum. Each contest aims to distribute at least 50,000 Tons among winners, participants and juries. The three contests are expected to close on May 25. Free TON contests are the only way to …

Overstock has slated May 19 as the date to airdrop OSTKO security tokens as a dividend to its shareholders. They’ll get one security token for every ten OSTK shares they own as of April 27, making for 4.37 million tokens to be distributed in total. Importantly, trading for these tokens will take place exclusively on Overstock’s alternative trading system tZERO. It processes less than $10,000 in daily volume on average. Documents filed with the United States Securities and Exchange Commission (SEC) on April 7 announced May 19 as the scheduled date for Overstock’s security token airdrop to OSTK shareholders. Overstock …

The decentralized liquidity network Bancor announced its upcoming airdrop, which will start on New Year’s Eve. In a Nov. 27 press release shared with Cointelegraph, the decentralized exchange platform announced the official launch of its New Year’s Eve airdrop, which will give away its ETHBNT liquidity pool tokens to 60,000 people. Liquidity pools allow members to add liquidity to a decentralized exchange (DEX) and receive a portion of the exchange’s trading fees in return. Making DEXs more liquid is purportedly crucial in ensuring that they can compete with centralized exchanges. Users will be able to either hold the token and …

The EOS blockchain is congested by the EIDOS token airdrop, cryptocurrency exchange Coinbase reports on Nov. 9. In a post on its blog, Coinbase claims that it had trouble in processing its clients’ transactions due to EOS network congestion caused by the EIDOS token airdrop. The exchange has since solved the issue by increasing the amount of staked CPU, securing a sufficient portion of the CPU time remaining on the network to process its transactions. Interestingly, the incident also caused the price of CPU time on the network to increase by over 100,000% over the course of 4 hours. The …