Vote Result: 10% Burn and LP Bonus Program
“There is a fundamental humility to decentralization, an admission that headquarters does not have all the answers and that much of the real value is created by local managers in the field.” - William N. Thorndike Jr.
Option 3 (“Both”) won with 74% of the vote. The Airfox Treasury Allocation & Decentralization vote closed July 24 under ranked-choice voting. The proposal was a non-binding signal by design: it told us what to build. We're building both.
The Burn: 1,000,000,000 AFX
This proposal does two things to strengthen the AFX ecosystem: it permanently reduces supply by burning treasury tokens, and it temporarily rewards Ethereum liquidity providers to help deepen on-chain liquidity where AFX trades.
The treasury has permanently burned 1,000,000,000 AFX by sending it to the Ethereum burn address (0x000000000000000000000000000000000000dEaD), joining the 756.9 million AFX already removed from circulation.
Transaction: 0x58b47f56e89cbb15eb5affb572cdbd7a4066e819e6458286430a8c56cee689d0
This reduces circulating supply from 9.243 billion AFX to 8.243 billion AFX while permanently reducing the treasury's ownership percentage. The burn address now holds 1,756,957,765 AFX, verifiable at any time by reading its AFX balance on-chain.
Six-Month Liquidity Program: 300,000,000 AFX
The window opens on Monday, August 3 and runs for six months. Add liquidity to the AFX/ETH pool before then to earn from the very first block. If you already provide liquidity to the pool, you are already in. There is nothing to sign up for.
A one-time 300 million AFX incentive program will reward AFX/ETH liquidity providers on Ethereum mainnet over six months.
This is not a permanent emissions schedule. The reward budget is temporarily increased to encourage deeper liquidity, with a modestly larger allocation during the early months. Because rewards float with participation, liquidity providers entering a thinner pool earn a larger share of the available rewards.
How to participate
Provide liquidity to the existing Uniswap AFX/ETH pool and hold your own position.
We recommend a full-range position. Full range means your liquidity is active at every price, so it keeps earning without any management on your part. Uniswap's own guides cover both the steps and the idea:
Concentrated positions are supported and earn on exactly the same terms, but they are for advanced users. A concentrated position only earns while the price sits inside the range you picked, so it needs watching and rebalancing. If you are not planning to manage it actively, choose full range.
There is nothing to deposit into, no additional contracts to approve, and the team never takes custody of your liquidity position. If you're already providing liquidity to the pool, you're already participating.
Unlike traditional liquidity mining programs, your LP position always remains entirely self-custodied within Uniswap.
How you earn
Rewards accrue continuously and are fully time-weighted. At every moment, your position's ETH-side value earns its proportional share of that epoch's reward budget, counted for as long as the position is in range. A full-range position is always in range, which is why we recommend one.
There are no snapshots to game.
The window opens on Monday, August 3. Accrual begins at a start block posted on-chain that day, so the exact start of the program is permanent, transparent, and independently verifiable. The six monthly epochs run from there, with the window closing on or about January 30, 2027.
Because the start is set by that block rather than a clock, treat the opening time as approximate. Nothing about it is a race. Every eligible position in range when the block lands begins earning at the same instant, sharing each epoch's budget in proportion to its ETH-side value, so being early confers no advantage over being ready. Have your liquidity in place before Monday and you will earn from the first block. Liquidity added later still earns, but only from the moment it is added.
Liquidity providers assume impermanent loss risk. These rewards exist to help compensate for that risk.
How to claim
Rewards become claimable once per month, from the distributor contract:
0xFA9f14E13FEece4eE62AC2b74d7194d64a857495
It is owned by the Airfox treasury multisig, holds only the current month's rewards, and never touches your liquidity position.
Most liquidity providers will not need to do anything. After each epoch we submit every outstanding claim in a single batch transaction, and the AFX arrives in your wallet. Claiming is permissionless and always pays the address in the reward data, never whoever sent the transaction, so we can pay you without you signing anything.
If you would rather claim yourself, or want to claim before the batch goes out:
- Open that month's reward data and find your address.
- Copy your
cumulativeAmountand yourproofarray. - Go to the contract's Write Contract tab on Etherscan, connect your wallet, and call
claimwith your address, that amount, and that proof.
Claims are cumulative, which has a useful consequence: every claim pays everything you are owed to date, minus whatever you have already received. Skip a month, or five, and one claim at the end still pays you in full. A month that is published late costs you nothing either.
You cannot claim more than the data says, and an old proof cannot be reused to double-claim. The contract rejects both.
How it's tracked and verified
The rule used to calculate rewards is published in full, along with the data behind every payout:
- Reward formula: what counts, how weight is measured, how time is integrated, and the monthly schedule
- Monthly reward data: every address, amount, and proof for each epoch
Every input is public on-chain data, so you can check your own entry against the root published in the distributor contract.
Only the official AFX/ETH Uniswap v4 pool (0x0a1f2292e4f2f495c1deb64caf7dfed831fead1a39ce7a11c877eeab574c4ab8) accrues rewards.
Only the canonical AFX token (0x9414E9af3a531E47f0F2B48d1a7fAf8178cF0BD7) is eligible.
Only self-custodied liquidity positions minted through the official Uniswap PositionManager qualify.
The project's own liquidity in this pool is excluded. Both positions currently in the pool were provided by the project, and neither earns anything, so the full 300,000,000 AFX goes to outside liquidity providers. The excluded addresses are listed in the reward formula and fixed before the window opens.
What happens next
- The 1 billion AFX burn is done. See the transaction.
- The on-chain start block is posted on Monday, August 3, officially beginning reward accrual.
- The first monthly epoch closes 30 days later, and rewards become claimable shortly after.
The distributor contract is already deployed and verified on both Etherscan and Sourcify: 0xFA9f14E13FEece4eE62AC2b74d7194d64a857495.
Full DAO vote results: Snapshot.
Website: https://airfox.ac
Documentation: https://docs.airfox.ac
Airfox Arcade: https://play.airfox.ac
X/Twitter: https://x.com/airfox_ac
Telegram: https://t.me/airfox_ac
Discord: https://airfox.ac/discord
CoinGecko: https://www.coingecko.com/en/coins/airfox
Etherscan: 0x9414E9af3a531E47f0F2B48d1a7fAf8178cF0BD7
Uniswap: Swap AFX
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