Ethereum Holders Got ETHW Tokens Airdropped To Them

Just few days ago, a lot of people were buying Ethereum and borrowing Ethereum from defi lending platforms like Aave because they were hoping that some tokens might just be airdropped to Ethereum holders. This made the DeFi lending platform to suspend lending on their platform, because this is obvious that they are trying to outsmart them. But then, they noticed quite late as people had borrowed a lot. People that couldn’t borrow bought some, this contributed to the high price spike of ETH, but this was just speculation as the ethereum foundation didn’t mention anything about an airdrop. This led to disappointment as they sold off their ETH because they didn’t get an airdrop.

When bitcoin cash was getting forked off the bitcoin blockchain, bitcoin holders got bitcoin cash airdrop and ethereum holders got ethereum classic airdrop, so it was kind of expected for Ethereum holders to expect an airdrop for the biggest event in the crypto community. Well Binance made a post on Binance Completes Distribution Of Ethereum Proof Of Work Token. This means that if you held ETH or WETH before the merge, that is before the snapshot, you will get some Ethereum proof of work tokens. So those people that borrowed some ETH from DeFi lending platforms like Aave are the luckiest, because they really outsmart the platform. the tokens are available for withdrawals.

Now they can use some of the airdrop to pay back the interest on the loan, this way it’s a big win win for both sides. If you had ETH before the merge, congratulations you can check your Binance wallet and you will some ETHPW airdrop. I don’t know if other exchanges are also distributing the airdrop, but I think they should be. If you have your coin in DEX, I don’t also know if it will be distributed there too, you can use the ether scan to check, I will be checking one of my DEX wallet to know if I got the airdrop there.

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