Leviathan Points ($SQUID) first airdrop live. Check your wallet to confirm on Fraxtal:

0x6e58089d8e8f664823d26454f49a5a0f2ff697fe

Thanks for your help in building Leviathan!

Leviathan, a project building on the Fraxtal Layer 2 network developed by Frax Finance, has launched the first airdrop of its Leviathan Points, represented on-chain by the $SQUID token. The team published an airdrop announcement and claim details via Notion, directing users to check a specific Fraxtal contract address (0x6e58089d8e8f664823d26454f49a5a0f2ff697fe) to verify receipt of their points and confirming that this is the initial distribution round in an ongoing points campaign. According to community discussions, Leviathan Points are being used as an incentive and rewards mechanism for early contributors and users interacting with Leviathan and related Fraxtal ecosystem activities. Fraxtal is a modular Ethereum Layer 2 focused on real-yield and ecosystem growth for Frax-related protocols, and Leviathan appears positioned as a native Fraxtal project using a points system to bootstrap liquidity and engagement. Points or “pre-token” systems like Leviathan Points are increasingly used across DeFi to reward early participation and may later factor into governance or token allocations, though the Leviathan team has not publicly confirmed any specific conversion mechanics at this stage. For users, this first airdrop marks the beginning of measurable on-chain recognition for their contribution to Leviathan’s early development on Fraxtal, and it underscores Fraxtal’s broader strategy of seeding new applications and communities through targeted incentive programs.

✨ AI-generated background, compiled from web sources — not editorial content.

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• Points
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• Airdrop