Synchronizing Fairdrop Rules for Both Native Osmosis Zone Tokens

As it’s been told publicly a few times now by Sunny, the progenitor of ion eyes himself, ION the blank slate meme token was birthed in a delirious sleep deprived state when inspiration struck and turned into an all night coding session 2 days before go-live.

I presume a shaman-like trace state was achieved due to the confluence of sleep deprivation, excitement, stress, and anticipation for Osmosis’s release. While operating on an elevated cognitive plane like this it is impossible to retain all of the precise happenings for later retelling, additionally ones sense of alignment are also difficult to retains as the consciousness of the Cosmos flows through you.

With that backdrop in mind, let us now consider one unfortunate outcome from this folk lore level creation story…the lack of alignment in process to receive tokens allocated to your wallet from the quadratic fairdrop.

OSMO token recipients were granted 20% of their allocation directly into their wallet without doing anything. To unlock the additional 80% of your allocation from the claims module there were four missions needing to be completed each unlocking another 20%.

Compare that to ION token recipients who were granted 100% of their allocation directly to their wallet without doing anything. Personally I find this disjointment between the fairdrop claim procedures of the two native tokes inharmonious and would like to consider rectifying it through governance.

I completely respect any and all who hold the position that chain immutability is sacrosanct or have morality objections and cannot condone any proposal that would impact any assets already in an individual wallet. To you all, I can only say that this an attempt to come up with a proposal that might not make anyone completely happy but that maybe a majority could accept.

Where are those IONs?

I have done chain analysis on the wallets which were dropped Ions to see how many of the recipients have not yet made a single on-chain action within Osmosis. As of this writing ~82% of the 21,294 ION exist in what are so far inactive wallets. I think doing something about the high percentage of Ion’s which appear to have been dropped to abandoned wallets rather than leaving them to fossilize unused would be for the betterment of the whole of the Osmosis Zone.

The idea of my re-alignment proposal would only impact genesis wallets dropped ION without any activity on-chain before the end of the 6 month fairdrop claim window, aka ‘unclaimed’ ION. The general framework of what actions would occur is as follows:

1. To be considered claimed a wallet only needs to make a single on-chain action so the sequence number on their wallet is greater than 0
2. 20% of an addresses ION allocation would remain in the wallet (same as with OSMO)
3. 80% of unclaimed ION would be clawed back at the end of 6 months

The simple option on what to do with clawed back IONs would be to route them to the community pool which would be directly aligned with OSMO. I could maybe vote for that.

Although I do think it could be something more invigorating for Osmosis if we got a little bit more creative and allocated tranches of the claw back to different purposes. My thoughts on that would be as follows:

20% directly to the osmosis community pool

• A vector to aligning OSMO with the subset of ION holders, as Ion appreciation benefits the community pool capital

20% airdropped to OSMO stakers weighted by stake

• Further unites all Osmonauts & GuardIONs & gives all in the zone a seed holding for their voice in ION governance
• Additional criteria could be added to the formula like governance participation and those LP’s who hydrated pool #2 at the expense of IL

20% earmarked to be disbursed as additional LP mining incentives on OSMO pools

• Half in year 2 (after 1st thirdening) & other half in year 3 (after 2nd thirdening)

30% to ION utility development (DAO)

• Under ION commonwealth governance, ideally via a generalized gov module in cosmos sdk…temporarily via commonwealth forum

10% matched with OSMO ‘loan’ from community pool to hydrate Pool#2

• Improved ION liquidity + LP rewards can be used to pay back community pool loan then ION commonwealth DAO pool/fund

Thanks for taking the time to read this far and open to any/all feedback just looking to generate even more discussion in this amazing community.

The Father ⚛, The Son 🧪, The Holy Spirit 🧿

UPDATE : Ion airdrop logic has been uncovered by the community and the source code is available for review here.