Airdrop
The CYPH Airdrop is designed to reward early participants who supported the protocol during its initial rollout phase and to recognize holders from the Camelot ecosystem, from which Cypher’s core technology originates.
Eligibility
The airdrop will be distributed to two main participant groups:
1. Genesis Pools participants and traders
Users who provided liquidity or traded in the eligible Genesis Pools will receive airdrop rewards in oCYPH. Airdrop allocation will be based on points earned through liquidity depth, fees, and trading volume across the four weekly epochs.
Eligible pools and their share of total points
2. xGRAIL Holders
Since Cypher’s protocol architecture is built on Camelot’s technology, xGRAIL holders will also be included in the airdrop — recognizing Camelot community for their foundational contribution to the infrastructure that powers The Engine of Ethereum Capital Markets.
- Airdrop will be distributed in xCYPH
- Snapshot date: will be communicated via Camelot’s official social channels.
- Airdrop date & amount: TBA
- Eligibility: exclusively for xGRAIL holders (incl. stakers)
redeeming xGRAIL is not eligible
Distribution
- Airdrop rewards will be distributed in oCYPH.
- Claim details and eligibility checks will be available directly on the Cypher app prior to the claim window opening.
- All allocations and on-chain proofs will be publicly verifiable.
oCYPH can be converted 1:1 to xCYPH, or swapped into liquid $CYPH by paying a percentage in ETH, which is used to buy back CYPH from the open market.
Timing
The airdrop will take place after the CYPH Fair-Launch Sale.
Exact date, details and claim instructions will be announced through official Cypher socials such as X and Discord