Dragonfly
Organization. Crypto investment firm and research publisher
Team research on token incentives, compensation and airdrop design, with the underlying methods available to read.
Why read Dragonfly?
Dragonfly's writing is useful for understanding the practical choices around a token before looking at a price chart. Zackary Skelly's compensation guide compares token grants valued at a market price with annual awards and a percentage of supply. Start with those alternatives to see how grant timing, vesting and the agreement change what an employee is actually offered. It is a framework published in 2022.
The team's State of Airdrops Report 2025 offers a more data-heavy route. Its methodology combines project eligibility documents with claim-contract events and token valuations to estimate the effects of geographic exclusions. Read the sample and estimation method before the policy conclusions. The report shows how onchain data can inform a question while still requiring assumptions about users and geography.
Selected work
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The Comprehensive Guide to Token Compensation
Zackary Skelly compares grant structures and their tradeoffs. Begin with the market-value, annual-grant and supply-percentage sections.
Cite this selection
XFollowList, “The Comprehensive Guide to Token Compensation” reading notes in the Dragonfly profile. https://xfollowlist.com/people/dragonfly#work-832e888f918d
The linked work is the original source; this permalink identifies XFollowList’s reason to read it. Original work published .
Profile-source checking date and references · Dated reading map
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Dragonfly's State of Airdrops Report 2025
A team report. Start with Methodology to see the claim-event data, eligibility documents and limits of the geographic estimates.
Cite this selection
XFollowList, “Dragonfly's State of Airdrops Report 2025” reading notes in the Dragonfly profile. https://xfollowlist.com/people/dragonfly#work-0d193fd354f8
The linked work is the original source; this permalink identifies XFollowList’s reason to read it. Original work published .
Profile-source checking date and references · Dated reading map
Linked wallets
- Ethereum
0xb953e202c5e51c7c010e80402a63c02f37f14059Open in explorer - Ethereum
0xcdf3a93611d097461b1103a9208cfc50f3298f7dOpen in explorer
Tokens in linked wallets
Open a token on Yieldo for its holders, DEX activity and contract details.
0xb953…4059-
ELSEthlas
Balance 4,166,666.6666667 ELS
Share of supply1.19%View on Yieldo -
LDOLido DAO
Balance 2,000,002 LDO
Share of supply0.2%View on Yieldo
Sources & further reading
Profile sources checked . This describes checking these references, separately from the publication dates of selected works.
- The current official site identifies the investment firm and links its X account and team.Link to this source note
- The current organization account confirms dragonfly.com as its site.Link to this source note
Cite this profile’s source check
XFollowList, Dragonfly profile sources. Sources checked 2026-10-10. https://xfollowlist.com/people/dragonfly#sources-checked