We are pleased to announce our first airdrop of $ODG tokens to over 78,000+ eligible addresses from the Arbitrum ecosystem. This marks the kickoff of many major events for the Open Dollar protocol, including opening up the call for delegates and the beginning of DAO operations ahead of our mainnet launch scheduled for mid-February.

In this announcement we’ll cover who’s eligible to claim ODG from the airdrop, how to check if you’re on the list, upcoming events, and how to obtain a limited edition “OD OG” NFT reserved for our first 10,000 users.

Claiming the ODG Airdrop

If you meet the criteria on the list below, you may be eligible to claim ODG tokens.

Eligible groups

• Open Dollar Sepolia testnet users from November - January who used our free testnet app to create vaults.
• Reflexer Finance vault users - Anyone who ever created a vault on Reflexer and minted the RAI stablecoin.
• The top ARB token delegators who delegated at least 100 ARB to voting members of Arbitrum DAO.
• Arbitrum CDP users - Some users of other CDP protocols like Vesta Finance, on Arbitrum, with some bots filtered out.
• Arbitrum LST bridgers - People who bridged rETH or wstETH to Arbitrum before the snapshot.
• Current members of Meta Cartel DAO, who originally funded our first project with a grant.
• Camelot liquidity providers - anyone who ever provided any amount of liquidity on Camelot.
• Jasmine Energy Sunsetters - anyone who ever sunset renewable energy certificate tokens on Jasmine Energy.
• dSentra RAI foundation donors - Anyone who donated to the RAI Community Foundation Gitcoin grant.

You can check your eligibility by clicking the Check eligibility button on the dashboard here: https://gov.opendollar.com/dao

Once your eligibility is confirmed, you can return on January 17th to claim the token by clicking Claim. It will prompt your wallet to open so you can confirm the transaction. Once the transaction is confirmed, your claimed tokens will go to that wallet.

Call for Delegates

This announcement also marks the open call for delegates for the Open Dollar DAO. Holders of ODG may choose to create proposals or vote independently, or assign their voting power to their delegates of choice on the governance page.

Electing experienced and reputable delegates will ensure efficient DAO operations and has been shown to increase voting participation rates versus DAOs without delegation functions.

If you know an ideal candidate who embodies the qualities needed to represent you and your interests on the Open Dollar platform, now is the time to extend an invitation to them.

“OD OG” NFTs

To commemorate this milestone, Open Dollar has designed a limited edition set of “OD OG” NFTs for the first 10,000 platform users to claim on a first-come, first-serve basis. Minters of the OD OG NFT will have a claimable role in the Open Dollar Discord, permanent bragging rights, and additional benefits in the near future.

The NFT can be minted by the first 10,000 users who:

• Follow OD on Twitter
• Join the Open Dollar Discord
• Join the Open Dollar Telegram Announcements Channel
• Open a vault on the testnet app

2 NFTs will be issued for performing the above actions on Galxe, which can then be used to mint the “OD OG” NFT on Guild.xyz.

The Path Ahead

Leading up to our mainnet launch and beyond, Open Dollar has a lot to look forward to on our schedule for 2024. Claims for the ODG token on our platform will be available from January 17th to April 17th. After 90 days any unclaimed tokens will be sent to the DAO treasury to be governed by the participants.

We are currently undergoing another audit with Quantstamp in preparation for our mainnet launch scheduled for Mid-February. Shortly after, if you’re planning to attend ETH Denver this year, be sure to stop by our booth and meet our team there!

And if you’re a subscriber to our newsletter, which gives you some exclusive alpha on upcoming events, you know we’ll be announcing ambassador and points programs soon as well.

So try our testnet app today to get an idea of how the Open Dollar platform works, claim your NFT before they’re minted out, and tell your favorite delegate candidate in DeFi to register today!

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Open Dollar is a DeFi lending protocol built on Arbitrum for borrowing against liquid staking tokens while earning staking rewards and providing CDP liquidity with Non-Fungible Vaults (NFVs).

Try the Open Dollar App today and follow us on our socials.

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