To be eligible for the NIGHT token claim (the Glacier Drop), users must have held at least $100 USD equivalent of supported assets (ADA, BTC, ETH, SOL, BNB, XRP, AVAX, or BAT) in a wallet on the June 11, 2025.
WingRiders has built a technical solution that allows WingRiders DAO to claim NIGHT tokens for liquidity pools with ADA. The DAO now needs to decide how to proceed with these tokens.
Two options are proposed:
Distribute the NIGHT tokens directly to LP providers - recommended.
Retain the tokens within the WingRiders DAO Treasury, with the decision on their use postponed to a later stage.
This vote allows the community to determine the most beneficial path forward. We encourage members to review the options carefully, share their views, and participate in the decision-making process.
Great to see this discussion opened and looking forward to the vote! Feel free to share your thoughts here before the vote: distribution between LP providers vs retaining tokens in DAO treasury for the moment.
If the idea would be to incentivize the current LP providers at the time where the tokens will be claimed, we will face the same issues I pointed out with DAO tokens reward allocations. Choosing allocations between different pools (large vs. small, active vs. less active) will always leave some feeling under-rewarded. While this could encourage new liquidity coming in, it could also attract opportunistic behaviors that we may not align with.
An alternative could be to allocate the airdrop to long-term boosters / wrt providers. This would seems to me cleaner and more aligned with the protocol’s long-term goals for a few reasons:
Protocol-neutral — rewards go to those who commit to the project as a whole, not just to a specific pool.
Simplicity — it avoids the complexity of weighing TVL, trading volume, or activity across different pools.
Stronger alignment — it encourages deeper staking participation, which strengthens protocol security and governance alignment.
Fair distribution — rewards can be distributed pro-rata based on stake amount and duration, making the process transparent and predictable.
For me it feels like a fairer and simpler way to handle this distribution while still rewarding the community members most aligned with the protocol’s long-term success.
I think we should think more about the Liquidity providers. The only concern is the snapshot and how we distribute it. We can think of 70% for the LP at the snapshot time and 30% for current and future LP.
If there is a snapshot and people can be rewarded equally to the ada provided, i agree that would do it. In the other way I see it as an opportunity to reward protocol users and token holder, its a multi year downtrend, specially on the ada pair, the token price is the best marketing in this space.
My opinion is that this is a very good opportunity to increase the real value of the WRT token through a major boost to its utility. Moreover, it is not only a very good opportunity, but it would also deliver historical justice to the LP providers who have historically held onto their DEX tokens, watching them lose value year after year compared to those who, time after time, have historically released their WRT tokens onto the market through sales. The time has come to reward the liquidity providers who bet on the very long-term success of Wingriders DEX. The time has come to reward those who held on to their WRT tokens.
It should be studied whether a snapshot of WRT accounts was taken at the same time as it was done for Midnight. However, if it was not, the solution is fairly simple. A new snapshot of WRT voting power is announced for the coming weeks, and in order to avoid investors taking advantage of the situation by buying WRT and selling it the very next day—which would practically amount to cheating—the reward is granted only to those with more than 3 months of holding, both in vault WRT and in LP farming WRT.
Some may argue that what generated NIGHT was the LP ADA and not WRT. But this argument has no real weight because they are using a DEX that rewards them with WRT tokens, and therefore, if they did not release their WRT tokens to the market, they would be indirectly rewarded with NIGHT for having maintained LP deposits.
This action of demonstrating greater real utility for the WRT token will ensure that, going forward, sales of WRT decrease and purchases increase in anticipation of a new airdrop from time to time. This is aligned with rewarding the members most committed to the very long-term success of Wingriders DEX.
What sense would it make to turn our backs on the members most committed to the very long-term success of Wingriders DEX?
The answer options in the proposal for voting cannot be those presented by the Wingriders DEX team, as this results in a lack of clarity and transparency. The second option cannot be “Retain the tokens within the Wingriders DAO treasury” because this lack of transparency creates a bias toward voting for option 1, due to the absence of any direct incentive for WRT voters. Therefore, if the vote is ultimately launched with options 1 and 2 unchanged, a parallel vote would need to be launched immediately to decide the destination of the NIGHT tokens in the event that option 2 wins in the official vote. In practice, this would clarify that the NIGHT tokens will have a clear destination: “those who have historically aligned their efforts with the very long-term development of Wingriders DEX: the WRT holders.”
What is “fair” amount so everyone is happy? Are they dumping their WRT rewards because they can vote with it in a decentralized manner. I mean they should have enough to overcome the plebs on a vote, that is what the token should be used for, and why people want to keep them and not dump. Having them in the discussions would be the best though so we can find an optimal solution.
I don’t mean to be adversarial with the last post but constructive, lets just not be weak. Wingriders is a good product with strong tech foundation. The token should provide value to the projects and lp providers on the platform too.
There is 26 ways this could go, night allocation could be paid in a portion of wrt tokens, locked or not, as lp tokens.. etc
A fair distribution should be based on two factors:
The length of time LP tokens have been staked in farming.
The amount of WRT tokens earned through farming that have not been sold.
Some might argue that, under these conditions, the amount of NIGHT they receive is not fair. But this argument does not hold, and here’s why:
If someone sold all their WRT tokens, they are no longer adding long-term value to WingRiders DEX. On the contrary, they are undermining it by driving down the price of the token that underpins the entire incentive model of the DEX economy.
If someone still holds their WRT tokens, even without keeping LP tokens in farming, they will continue to benefit. Not only will they receive NIGHT, but also future airdrops from other Cardano layer 2 projects and additional utilities of WRT—without needing to provide liquidity.
This means there is no logical, fair, or economic reason to marginalize the WRT token, which has already suffered historical devaluation year after year.
If we truly want to grow TVL in WingRiders DEX, we must make WRT attractive.
We must show its real utility.
We must give it real value.
By doing so, we will boost TVL, raise the farming APR, and finally address the core reason why WRT has remained undervalued.
This is not just about tokenomics—it’s about sending a clear signal that WingRiders DEX is committed to long-term growth, to fair rewards, and to not disappointing those who continue to believe in its success.
