Cashmere Labs Sets Eligibility Rules for Upcoming CSM Token Airdrop

The distribution plan centers on three primary cohorts: participants in the upcoming Barn Raising event, holders of activated Goat Street NFTs, and early users of the platform’s decentralized finance services. Those looking to secure a Barn NFT will face a tiered pricing structure, with guaranteed allocations priced at 0.125 ETH and whitelist spots available for 0.25 ETH. Any remaining inventory will be sold via a Dutch auction, starting at 1.5 ETH and scaling down to a floor price of 0.25 ETH.

Eligibility comes with strict conditions. The team confirmed that any wallet currently listing a Goat Street NFT for sale on OpenSea will be disqualified from receiving the airdrop. Beyond the initial distribution, the project is launching Mountain, an NFT-based issuance platform on the Robinhood Chain. In this ecosystem, Barns act as soulbound assets that generate CSM tokens over time. Users can increase these yields by binding their Goat Street NFTs to the platform, though doing so renders those NFTs permanently locked and ineligible for future sale. The project, formerly incubated by Binance Labs under the name YZi Labs, continues to expand its infrastructure, recently deploying Bridge V2 and AI-integrated liquidity management tools for Uniswap v3 and v4.