Stablecoin and lending protocol HAI will airdrop governance token KITE on February 12

The decentralized stablecoin and lending protocol HAI will conduct an airdrop before launching on the Optimism mainnet next week.

According to a statement, HAI will distribute 22.3% of its governance token KITE to 18,034 eligible wallets. The airdrop will take place on February 12, ahead of HAI's launch on the Optimism mainnet on February 20. Eligible users include Reflexer Protocol users, individuals who have used the HAI testnet, and Optimism governance participants who hold over 50 OP and have voted multiple times.

In addition to being a stablecoin protocol, HAI is also a lending platform and DAO. KITE holders can decide which types of collateral are included on the platform, change protocol parameters, and participate in auctions.