New Order DAO to Airdrop $Y2K to $veNEWO Lockers

Venture DAO New Order announced that it will receive 10% of the total $Y2K supply from Y2K Finance, a structured product protocol incubated by New Order DAO. 20% of the tokens will be airdropped to $veNEWO lockers, while the other 80% will be allocated to the DAO treasury.

The snapshot was taken on October 31st at 8am EST. The airdrop will be conducted in 3 tranches over 3 months, and will be allocated proportionally among $veNEWO lockers. $veNEWO can be acquired by locking $NEWO, and the holders will be given governance power and protocol rewards.

Previously, Y2K Finance went live on Arbitrum.