# Season 1

We distributed 7.65% of the total SOLV token supply through the Season 1 airdrop, claimable starting January 17, 2025, at 9:00 UTC via our official claim portal: <https://solv.foundation/claim>.

Key Details:

* Minimum Claim Threshold: Only claims of 0.01 SOLV or higher were eligible.
* Claim Window: Open until March 18, 2025, at 9:00 UTC for standard claims. For wallets subject to vesting, the unlocked portion remained claimable for 60 days post-unlock.
* Allocation Breakdown:
  * 7.25% — Distributed to Season 1 points holders, proportional to points earned during the season.
    * Points below 300,000,000 converted at a slightly more favorable rate to reward broad participation.
    * Points above 300,000,000 converted at the standard rate, with potential adjustments based on boost duration and other factors.
  * 0.25% — Airdropped to early adopters, including:
    * Vesting Voucher holders (snapshot: November 29, 2024)
    * KYC-verified addresses (snapshot: December 2024)
    * Seahorse Point holders (minimum 1,000 points)
    * Select early contributors
  * 0.15% — Allocated to eligible participants in the OKX Cryptopedia Campaign.
* Vesting for Top Wallets:
  * Over 99% of users received immediate full unlock of their allocated SOLV.
  * Top-performing wallets (highest SOLV earned from Season 1) received 40% unlocked immediately, with the remaining 60% vesting linearly over 3 months.
* Holdings-Based Adjustment:
  * To encourage sustained engagement, we applied a pro-rata deduction for users whose average daily holdings in Season 2 were lower than in Season 1.
  * Season 2 average daily holdings were calculated from the TGE date to the day before each unlock event.
  * Note: SolvBTC positions held via Pendle YT or Tranchess did not count toward average daily holdings in either Season 1 or Season 2.
* Unclaimed / Forfeited Tokens: All unclaimed, deducted, or forfeited SOLV tokens were returned to the Community Rewards & DAO Treasury for future initiatives.
* Multi-Signature Wallets: Users claiming from multi-sig / Safe wallets should refer to our dedicated guide.

The Season 1 claim window has now closed, and no further claims are possible for that distribution.


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