$VELVET Airdrop Criteria: Rewarding Our Supporters
10 million $VELVET tokens are on their way—here’s how we’re sharing them.
From day one, Velvet Capital has been driven by our community. Whether you’ve supported since 2022, traded through our intent engine, referred friends, or simply believed in the vision, you’ve helped bring DeFAI tooling to life. The airdrop is our way of saying thank you - and of ensuring that the people who built the Velvet ecosystem have ownership in its future.
Velvet Token at a Glance
$VELVET is the main token of the Velvet ecosystem, which unlocks utility once staked as veVELVET.
veVELVET is the vote-escrowed version of $VELVET. Users can stake their $VELVET tokens to get veVELVET. The longer the lock, the higher the amount of veVELVET received. To encourage continuous locking and sustained participation from stakeholders, the veVELVET balance declines over time until it reaches zero at the conclusion of the initial locking period. It can be increased by restarting the locking period.
veVELVET stakers enjoy:
Real yield with $VELVET rewards ($VELVET bought from the market with a share of the revenue earned by Velvet platform)
$VELVET emissions to bootstrap Velvet ecosystem activity
Velvet trading fee discounts according to tiers
Increased fee-sharing from referrals
Additional rewards allocated from Velvet ecosystem participants to veVELVET stakers (e.g., from new launches & partners)
Voting rights on major Velvet DAO decisions (e.g., new integrations, fee distribution, etc.)
How $VELVET was earned
Velvet users have been earning in multiple ways to receive the $VELVET Airdrop.
The biggest factor for Airdrop Allocation was $pVLV earned from the Velvet App. Users earned $pVLV by trading on the app, depositing into portfolios, and referring their friends. $pVLV was also boosted by owning a Founders Club NFT which gave some of our early supporters a daily 2x bonus on any earned.
While trading on Velvet, many users have found big gainers, stable yield, and used our AI to find high quality alpha in the market.
Along with $pVLV earning airdrops, we will also be rewarding holders of the $VU token (our Virtuals AI Agent Token) and reward those who have held or staked (through Velvet Portfolio or Virtuals).
The final part of the airdrop will go to Velvet Founders Club holders who will get a share of the 1,000,000 $VELVET airdrop. Founders Club Holders will continue to receive boosted rewards and governance power when paired with their veVELVET.
Remember: This is only the first airdrop, those who stake into veVELVET will be earning real yield and additional $VELVET emissions!
Timeline & Next Steps
Eligibility Checker – We will update this blog to include claim URL when live (and share in our official X and Community Accounts), check your eligibility for the $VELVET Airdrop on BNB Chain
Claim Window Opens – Claim your $VELVET tokens directly on BNB starting July 10 at 12pm UTC.
FAQ
Q: Do I need to pay gas to claim?
Yes—claims happen on BNB, where gas fees are typically low.
Q: Is KYC required?
No KYC. Just connect the wallet that meets the snapshot criteria.
Q: What happens if I qualify in multiple buckets?
Great! Allocations stack—you’ll receive the sum across all eligible categories.
Q: How do I stake and get veVELVET?
Staking will take place on the Claim Page where you can start participating in governance, get discounted fees, and earn real yield.