TechFlow reports, according to The Block, that Reflexer Finance's stablecoin protocol HAI will conduct an airdrop on February 12, prior to HAI's mainnet launch on Optimism on February 20. In this airdrop, HAI will distribute 22.3% of its governance token KITE to 18,034 eligible wallets. Eligible users include Reflexer Protocol users, individuals who used the HAI testnet, and Optimism governance participants who held more than 50 OP tokens and voted multiple times.
HAI is pegged to various decentralized crypto assets rather than fiat currencies. It is a fork of RAI, an Ethereum-based non-pegged stablecoin originating from the Reflexer Finance protocol. Reflexer allows users to deposit crypto assets as collateral to mint RAI, which maintains stability algorithmically. Beyond being a stablecoin protocol, HAI also functions as a lending platform and DAO. KITE holders can determine which collateral types are included on the platform, adjust protocol parameters, and participate in auctions.
