Introducing LAVA and Vesuvius Drop

News & Updates
Ethan
Jul 10, 2024


What is Lava? “The floor is…”

LAVA is the native asset of the Lava Network. Vesuvius Drop claims open today 10 July at 4pm UTC until 18 July 4pm UTC (may change, follow for updates). Check eligibility at https://claims.lavanet.xyz here.

Lava Network is a blockchain that lets users and developers connect to ALL other blockchains. We are the modular access layer for blockchains.

It does this by rewarding, aggregating and coordinating infrastructure providers such as RPC providers. RPC is what ALL wallets and dapps use to connect to the blockchain. Every time you use a wallet or dapp, it must make an RPC request to an RPC provider:

- I am requesting to swap ETH to SOL

- I am requesting to send ETH to this address

- What is my balance?

RPC providers (entities who run RPC nodes for the chain you're trying to connect to) send back responses:

- Swap confirmed

- Balance updated

- Your balance is 1 ETH (market down bad)

With Lava, users get faster and more reliable applications, while developers spend less time on infrastructure and more time on innovation.

  • Using a wallet on Ethereum? Change your wallet RPC to Lava.
  • Buying a memecoin on Base? Change your wallet RPC to Lava.
  • Making a swap on Arbitrum? Change your wallet RPC to Lava.

Underneath every blockchain is an RPC layer - the floor is Lava.

More technical: Lava is a modular network where incentive pools attract, bootstrap and optimize network of RPC providers for any blockchain. Support for new chains can be added permissionlessly as specifications (”specs”), along the network to dynamically scale with demand. Lava can also support specs for indexing, subgraphs, oracles and more.

Once node providers join, the peer-to-peer protocol pairs consumers with providers, using an optimistic approach to incentivize quality of service. Providers are scored across latency, uptime and availability, before earning rewards monthly in LAVA and any tokens deposited to the incentive pools. Today, NEAR, EVMOS and AXELAR token pools are already live on Lava testnet.

Communities define crypto, LAVA is yours

Blockchains have always been about global-scale financial and social coordination. Our vision at Lava is to accelerate crypto adoption and enable the creation of internet-native, decentralized, onchain communities.

RPC is needed by every blockchain, project, community and user. We see Lava as the convergence point for all these communities - the Vesuvius airdrop reflects this. A significant  55**,000,000 LAVA** (representing 6% of the total token supply) is allocated to this initial airdrop.

You can claim your airdrop by visiting: https://claims.lavanet.xyz. Please note: https://claims.lavanet.xyz is the only way to access the Vesuvius Airdrop. Neither the claiming site nor any member of the Lava Foundation will ever ask you to enter your private key or transfer tokens of any kind from your wallet.

Our main focus for this initial airdrop is to:

  • Invite the community to participate at Mainnet, which aims to increase the decentralization and accessibility of the network
  • Reward early community members and users of Lava, who have over the last 2 years tested and built the protocol
  • Invite the strongest communities in crypto to join the Lava mission
  • Recognise the unsung heroes of blockchains, the node runners who enable this decentralized system

LAVA Supply and Vesuvius Criteria

Total LAVA supply is 1 billion, with 56% allocated to community and ecosystem growth initiatives.

The Vesuvius airdrop will distribute 6% of supply to approximately 70,000 people, a smaller and more focused distribution compared to other airdrops:

Lava early users

Lava testnet has now been running for 1.5 years and over that time we have been supported by many early adopters and contributors. This portion of the distribution is designed to retroactively reward testnet users across the following criteria, ranging from running an RPC node on testnet, adding new chains to Lava, supporting in our Discord to using Lava-powered RPC through Magma.

Bot and Sybil exclusion

Over 2 months, we made significant efforts to reduce bots on testnet and Magma, and to eliminate sybil from the airdrop after the first snapshot of Magma on 11 June.

RPC providers were scored across:

  • RPC requests served: >5k, >300k, >10m, >122m (1 point per tier met)
  • Chains served: <2 chains, <4 chains, <8 chains, 8+ chains (0.5 points for each tier met)

Magma users were assessed with the following criteria:

  • Must have made least 1 relay over the duration of Magma
  • Must have connected their Twitter or Gmails by snapshot date

After this filtering, tiers for Magma distribution were decided by creating a blended score for each user across:

  • Wallet activity: we worked with Flipside and used their onchain scores to check activity across crypto
  • Magma activity: days of at least 1 relay made, unique RPC methods used, chains tested, referrees with at least 1 relay
  • Social activity e.g. number of tweets, mentions and minimum threshold of activity such as >0 followers

Exclusion criteria:

  • Header analysis e.g user agents that only did spam CURL requests and were created at same time as many other users
  • Low social activity e.g. 1000 followers and 0 tweets, 0 followers
  • Users with similar creation times and similar usage patterns e.g. all used Magma for 25 days exactly and accounts were made at exact same time
  • Same emails but using “+” in order to recreate accounts e.g. 1 user had 150 accounts with same email but '+' in different places in the email
  • Accounts that DDoS'd to spam Magma - if you bypass a rate limit of certain amount of usage  by distributing usage across different locations

Onchain power users and communities

The Vesuvius Drop rewards onchain power users and communities. This includes active members across:

  • Movement Network
  • Monad
  • Celestine Sloths Society holding at >1 NFT from 1 May and 25 June with at least $1 in wallet
  • Bad Kids with >2 NFTs
  • The ATOM community pool
  • Crypto educators and content creators

Our aim is to reward advocates for blockchain technology, as well as the most active users of this technology. Together, they push this industry ever closer to mainstream adoption.

Node runners and infrastructure providers

The Vesuvius Drop rewards active node runners and infrastructure providers, often the unsung heroes of crypto.

Satoshi’s original vision was that we would all run nodes ourselves, trusting but verifying. Today, node runners do this job for us and as well as providing a home for them on Lava, we are also dedicating a portion of this distribution to node runners, specifically:

  • Eigenlayer AVS node operators with at least 2 delegators and minimum $50 stake
  • Graph indexers who are currently active

Researchers and technical contributors

The Vesuvius Drop rewards the innovators driving crypto forwards. This includes codebase contributors for:

  • Eigenlayer, for bringing nodes to the mainstream
  • CosmosSDK, for making Lava possible
  • Flashbots, for countless contributions to MEV and RPC
  • Celestia, for unlocking the limitless potential of modular blockchains

Claim your Vesuvius Drop now!

Lava will be airdropped when Lava Public Mainnet launches to qualifying addresses that successfully complete their claim verification, before the cut-off date.

The Vesuvius airdrop is not a normal airdrop. We are building towards a decentralized and community-driven blockchain ecosystem.

Stay tuned for more updates as we approach Mainnet launch. Eruption is near.

Make sure to claim your distribution: https://claims.lavanet.xyz

Links

Vesuvius Claim: claims.lavanet.xyz

What is Lava?
https://x.com/consensus128/status/1802753690593370320

https://x.com/0xBreadguy/status/1803824963998167303

Discord: https://discord.gg/4GJbnzSU4w


Tokenomics: docs.lavanet.xyz/token

Whitepaper: lavanet.xyz/whitepaper

Disclaimer

Eligibility and exclusions:

  • The Lava Foundation reserves the right to screen users, including through the use of third-party analytics tools and geolocation controls, and to take any additional steps as it deems necessary or appropriate, to verify the identity or eligibility of users.  The Lava Foundation may deny any person, IP address or other blockchain-based protocol address access to any Lava Airdrop (or otherwise exclude such person, IP address, or protocol address from any Lava Airdrop).
  • At this time, the Lava Airdrop is not available to any U.S citizen, U.S resident, U.S. green card holder, or any person whose primary residence is in the U.S, including Puerto Rico, the U.S  Virgin Islands and any other territories of the U.S.
  • The following persons and entities are also excluded from the Lava Airdrop:  persons or entities which are the subject of any economic or trade sanctions administered by the U.S. Office of Foreign Assets Control (OFAC) or His Majesty's Office of Financial Sanctions Implementation (OFSI); persons or entities located or resident in any jurisdiction or territory that is the subject of comprehensive country-wide or regional economic sanctions by the United Nations or the governmental authority of the United Kingdom or the United States; or persons or entities owned or controlled by such persons or entities.

Risks and other disclaimers:

  • There are risks associated with purchasing and holding cryptocurrency and using blockchain technology. These include, but are not limited to, risk of losing access to cryptocurrency due to slashing, loss of private key(s), custodial error or purchaser error, risk of mining or blockchain attacks, risk of hacking and security weaknesses, risk of unfavorable regulatory intervention in one or more jurisdictions, risk related to token taxation, risk of personal information disclosure, risk of uninsured losses, volatility risks, and unanticipated risks.
  • You should only participate in the Lava Airdrop if you have a sufficient understanding of blockchain technologies, cryptocurrencies and other digital assets, storage mechanisms (such as wallets), and blockchain-based software systems to be able to assess and evaluate the risks and benefits of participating in the Lava Airdrop.   Your participation is at your own risk.