Element Finance is a protocol that enables users to seek high fixed-yield income in the DeFi market. Users can access, via the ecosystem and existing AMMs at a discount without being locked into a term, allowing the exchange of the discounted asset and the base asset at any time.

As already guessed in our retroactive airdrop overview, Element Finance is airdropping 10% of the total supply to various early users of the platform. Users who’ve traded a minimum of $500, provided liquidity worth at least $500 for 90 days, and users who’ve minted more than $10k worth are eligible for the airdrop. Element Discord community members & Ethereum ecosystem contributors on GitHub are also eligible for the airdrop. The snapshot was taken on March 1st, 2022. Eligible users have until an year to claim the airdrop.

Step-by-Step Guide:
  1. Visit the Element Finance airdrop claim page.
  2. Connect your ETH wallet.
  3. If you’re eligible then you will see the number of tokens you’re eligible to claim.
  4. Now you will be asked to pick a delegate to assign your voting power. You can pick yourself or another community member.
  5. Review the amount of voting power to claim and confirm the transaction to claim your tokens.
  6. The claimed ELFI tokens will be automatically staked in a locking vault. ELFI tokens cannot be removed from the vault and is intended to keep the utility of ELFI as a voting tool.
  7. Eligible users have until one year to claim the airdrop.
  8. Users who’ve traded a minimum of $500, provided liquidity worth at least $500 for 90 days, and users who’ve minted more than $10k worth by March 1st, 2022 are eligible to claim the airdrop.
  9. For more information regarding the claiming process, see this page.
  10. Element Discord community members & Ethereum ecosystem contributors on GitHub are also eligible for the airdrop. For more information regarding the claiming of the Discord airdrop, see this page and for more information regarding the claiming of the GitHub airdrop, see this page.
  11. For more information regarding the airdrop, see this article.