After Binance Alpha went live, I checked the on-chain data for BR to see how many real users stuck around after the airdrop.
An interesting phenomenon: a considerable number of addresses that claimed the airdrop didn't immediately dump their tokens but instead locked them into veBR. This behavior indicates that at least this segment of users came for the protocol itself, not just as pure airdrop farmers—those airdrop farmers usually cash out at market price as soon as TGE hits.
From the on-chain flow of $BR , the amount locked into veBR saw a significant spike within a week post-airdrop. Coupled with the Season reset mechanism, these addresses are likely rushing to take advantage of the lock window at the start of the Season.
I also locked a portion during that wave. The logic is simple: if the protocol's revenue buyback mechanism for BR is genuinely operational, the cost of locking in the early Season is at its lowest for the entire Season, while also securing governance weight boosts for the whole Season. This time window won't stay open forever.
$BR #Bedrock @Bedrock
An interesting phenomenon: a considerable number of addresses that claimed the airdrop didn't immediately dump their tokens but instead locked them into veBR. This behavior indicates that at least this segment of users came for the protocol itself, not just as pure airdrop farmers—those airdrop farmers usually cash out at market price as soon as TGE hits.
From the on-chain flow of $BR , the amount locked into veBR saw a significant spike within a week post-airdrop. Coupled with the Season reset mechanism, these addresses are likely rushing to take advantage of the lock window at the start of the Season.
I also locked a portion during that wave. The logic is simple: if the protocol's revenue buyback mechanism for BR is genuinely operational, the cost of locking in the early Season is at its lowest for the entire Season, while also securing governance weight boosts for the whole Season. This time window won't stay open forever.
$BR #Bedrock @Bedrock