ICYMI:
- $LAY3R is now live for trading on major exchanges, including KuCoin, Gate.io, and MEXC.
- The LAY3R S1 snapshot was successfully completed at 12 PM UTC on October 1st.
- Season 1 Claims and Staking for $LAY3R will kick off on October 7.
Hey champs! AutoLayer has been on an exciting journey, driven by your incredible support since day one! We’ve remained committed to becoming the largest restaking marketplace, and here’s what we’ve achieved so far:
- Over $240M in total volume traded
- Integrated with leading LRT Restaking protocols, LRTs, LSTs, AVSs, blockchains, and more
- Onboarded 100k+ users
The launch had a few initial bumps, but $LAY3R’s price has quickly recovered and remained stable recently. In just 24 hours, $LAY3R has achieved a solid standing on top exchanges, showing great momentum.
We’ve been one of the Top New Coins and gainers on KuCoin, even reaching #1 at certain points.
AutoLayer’s Ongoing Growth and Future Developments
As we move forward, AutoLayer continues to evolve beyond this imminent token launch, with upcoming integration and development announcements on the horizon. Our ecosystem has been growing at an exceptional rate, and it’s still expanding — we regularly add new features, enhance usability, and broaden DeFi options for our users. Here’s a snapshot of what our ecosystem looks like so far:
With that in mind, here’s how to join the next airdrop seasons and claim Season 1’s $LAY3R airdrop.
Community Milestones and Airdrop Seasons
Community Milestones represent growth goals for AutoLayer. Each time a milestone is achieved, a portion of AutoLayer’s incentives is unlocked and distributed to the LAY3R community. Holding LAY3R is crucial for achieving these milestones, and holders will be rewarded as specific goals are reached.
45% percent of the LAY3R supply will be allocated to the community through airdrops and incentives over five years. These airdrops will be linked to Community Milestones activated by key achievements. Initially set by the AutoLayer team, the governance of these milestones will transition to the community as the platform evolves.
Season 1: 0.7% of AutoLayer’s total supply will be claimable and staked exclusively for users through our claim portal. The snapshot for this distribution was taken on October 1, 2024, at 12:00 PM UTC.
Claim and Stake $LAY3R Season 1 Airdrop
MAJOR UPDATE: In light of recent market conditions, we have made strategic adjustments to the Season 1 distribution timeline. While these changes were not made lightly, they are necessary to safeguard the integrity of the $LAY3R ecosystem. We believe that taking a phased approach is the most responsible way to ensure long-term success. Starting today, you can claim and stake your tokens, but full tradability — along with the 25% reward — will occur in three phases: November 10, December 10, and January 10. This measured approach reduces market volatility and strengthens the foundation for sustainable growth, benefiting all contributors. While you can begin claiming and staking your tokens today, they will become fully tradable and unstakable — along with the 25% reward — in three phases: November 10, December 10, and January 10 2025. This phased approach minimizes risk and maximizes long-term returns for all participants.
As a token of appreciation for our early contributors, we are distributing all Genesis NFT allocations in full starting November 10.
Access claims checker once live: https://autolayer.io/
Access claims once live: https://autolayer.io/
How to Claim and Stake $LAY3R
- Go to https://autolayer.io/. Once there, you will see a header on the top that says “Check your LAY3R allocation now by clicking here”.
- Connect your wallet, and once it’s connected, click “Next” (You may be asked to switch to a different network, so do so)
- Wait for the Claims page to check if you’re eligible to claim LAY3R. Once it says you’re eligible, click “Claim and Stake $LAY3R”
- The next page will show you that “Your $LAY3R Season 1 allocation has been claimed and staked”.
- Be sure to return to this page on November 10, December 10 and January to start using your S1 $LAY3R allocation and the 25% bonus, both of which will be ready for trading.
- If you are not eligible, please check here to learn more.
Upcoming Seasons
Season 2: This season will be activated once AutoLayer achieves 5,000 daily active users (DAU), thereby unlocking an additional 0,7% of the total supply.
Season 3: When the total volume traded on AutoLayer reaches $500 million, another 1% of the total supply will be unlocked.
Terms and Distribution for LAY3R
For Season 1, users will receive a linear distribution based on their respective LAY3R allocation.
Starting October 7, 0.7% of AutoLayer’s total supply will be stakeable. This also includes the requirements for AutoLayer Points and eligibility.
Through our partnership with a third-party data analytics firm, we have pinpointed Sybil wallets and concluded that a minimum threshold of AutoLayer Points per wallet, as recorded on the snapshot date, is necessary for token distribution eligibility.
All $LAY3R that is not claimed will be redirected to Season 2 of the airdrop.
Vesting and Distribution Schedule for LAY3R
The AutoLayer token plays a crucial role in the protocol ecosystem, gaining value as the user base expands. As previously stated, 45% of the LAY3R supply will be distributed to the community through airdrops and incentives over a five-year period, based on Community Milestones that signify the platform’s advancement. This vesting aims to reward users who engage long-term, with AutoLayer Points indicating the level and duration of participation, ultimately leading to increased rewards for committed users.
Utility of LAY3R
The AutoLayer token is pivotal to the protocol ecosystem, increasing in value as the user base expands. Currently, no fees are charged, but the platform plans to implement a fee ranging from 0.05% to 0.20% on all transactions conducted via AutoLayer.
After our token launch, we will add a transparent fee to every transaction, with that fee the user will automatically purchase LAY3R and ETH on the market to provide liquidity to the LAY3R/ETH pair. Following this, an Escrowed Liquidity AutoLayer Token (esLAY3R) will be issued to the user’s wallet.
Holding esLAY3R tokens will accumulate more LAY3R tokens over time, with the returns increasing the longer they are held. After 30 days, the liquidity provider (LP) tokens begin their maturation process, peaking at 12 months. A user can withdraw his LPs after the 30 days, at any moment, the longer that position is held, the longer the yield.
With this functionality LAY3R works as proxy token, every user is a long-time holder, and the more the protocol grows the more the liquidity is decentralized.
To calculate rewards, we’ll use a simple formula:
y=x210y=10x2
LAY3R Tokenomics
Ticker: LAY3R
Maximum Supply: 30,000,000
Initial Circulating Supply: 2,386,880
Token Format: BEP-20
Lock Up: 94,92% of LAY3R is initially locked and the tokens will unlock over the course of 5 years per the Token Release Schedule below:
LAY3R will be distributed across these categories:
Community
20% -6,000,000 LAY3R
AutoLayer wouldn’t be possible without a thriving community of supporters, which is why we are allocating 20% of the token supply to the community. This will be distributed through airdrops and other incentives over a 5-year period. These airdrops will be distributed based on Community Milestones, which are activated by goals achieved by the community.
Community Milestones are associated with the maturity of AutoLayer and will be initially defined by the AutoLayer team and subsequently by the AutoLayer community.
Ecosystem
25% — 7,500,000 LAY3R
The Ecosystem and Incubation category represents a portion of LAY3R that will be allocated to strategic contributors to the broad AutoLayer ecosystem, including community organizations, developer community growth initiatives, strategic contributors, and more.
Seed Round
18.2% — 5,471,999 LAY3R
The core contributors to AutoLayer will be allocated 17% of the token supply. This portion is reserved for the decentralized set of organizations who have tirelessly focused on the security, engineering, product, funding, infrastructure, growth, and operations of AutoLayer. Less than 7% of these allocation will be released on TGE.
Public Round
5.38% — 1,615,385 LAY3R
The public round is going to be held on different Launchpads and it is the first opportunity for our users to be part of the AutoLayer ecosystem as LAY3R holders. The AutoLayer IDO will be held on Poolz, Ape Terminal and MagicSquare Launchpads.
Liquidity Provision
10% — 3,000,000 LAY3R
This percentage of the total supply will be used to provide liquidity over different decentralized exchanges, to boost price discovery and liquidity on the DeFi ecosystem.
Treasury
7,38% — 2,214,000 LAY3R
This portion of the token supply is dedicated to AutoLayer’s reserves. This aims to drive priority initiatives such as future interoperability research, providing grant funding to ecosystem teams, supporting the developer community, funding operational expenses, and other relevant programs.
Strategic Advisors
4% — 1,200,000 LAY3R
This portion will be allocated to strategic network participants who have taken a vested interest in the long-term success and stability of the network. These participants include strategic angels, builders, and technical partners, with deep crypto expertise in network governance and scaling.
AutoLayer Team
10% — 3,000,000 LAY3R
This 10%, with the longest vesting period, goes to the core AutoLayer Team (our developers, designers, marketers, and analysts).
About AutoLayer
AutoLayer is the largest restaking marketplace with advanced risk-reward analytics, points management, and structured products. Hosting a full suite of LRTs, LSTs, and other 1-click products that users can restake into, AutoLayer offers more than 20 different assets, including Bitcoin and Ethereum restaking.
