Decentralized exchange ParaSwap has joined the ranks of DeFi platforms that launch their native governance token, PSP, via an airdrop. In most cases, these events cause a lot of hype in the community, as users are rewarded for supporting the platform. Related Reading | Real Vision CEO Raoul Pal Takes Bullish Stand On Ethereum The ParaSwap airdrop was not an exemption with many users jumping into the platform to qualify and receive the funds in PSP. However, the platform employed a new logic to distribute its native token. Unlike Uniswap, a decentralized exchange that sends every user that ever interacted with their smart contract a portion of their governance token, UNI, ParaSwap took a different approach. By making a tradeoff between more decentralization or allowing malicious actors to spoil the airdrop, according to an official post, the platform chose to “reward active users”. This resulted in some users being excluded from the PSP airdrop. These users mainly expressed their nonconformity with the event via social media. Some went as far as accusing the platform of incompetence or malicious behavior. User Davis (@basedkarbon) said: Never seen a company execute an airdrop in more bad faith than the Paraswap one. Heavily hyped only to exclude 99% of their community. In a Medium post, the team behind the platform explained the airdrop’s logic. Therein, they claimed the event was designed to “target to the best of our abi...
