Emblem Vault has reported significant activity in its COVAL timelock vault program, which recently launched as part of its 2025 Expansion Campaign. In the past 24 hours, there have been over 100 vault mints, with 58 of these occurring since the previous day. Participants who lock 500,000 COVAL, approximately valued at $1,000, can benefit from a 60% reduction in vaulting fees, bringing the cost down to $8 for a year. Additionally, these participants will be eligible for a $KEYS airdrop scheduled for 2025. The airdrop program is set to distribute 38% of the total $KEYS supply, amounting to 3.8 billion tokens, through various initiatives including $COVAL migration and retroactive rewards. The program aims to reward early supporters of Emblem Vault while enhancing NFT interoperability through upcoming expansions on Solana and Layer 2 solutions.
we are minting 👀
NOW MINTING [flutter holders] AM | @andrea_ciulu for @FLAMINGODAO spaces → 1 pm TODAY https://t.co/YfREevI9Lf
COVAL timelocks have been pretty popular since launch. Earn $KEYS airdrop AND vaulting fee discounts. Here's a step-by-step guide on what you need to know. https://t.co/4TWAChwZ0k