Season 1 of the LAY3R Airdrop is Live!

Claim and Stake Here: https://claims.autolayer.io/

The AutoLayer team is happy to announce that Season 1 of the $LAY3R Airdrop is now live! Starting today, you can claim and stake your tokens to earn an additional 25% reward over the course of three monthly phases. This is a valuable opportunity for you to gain enhanced returns throughout the staking period.

A Three-Phase Season

The entirety of Season 1 will unlock 0.82% of the total LAY3R supply with a 25% bonus reward for those who stake their tokens. You can claim your $LAY3R and stake them today, but the 25% reward will be staggered into three phases:

Phase 1: Nov. 10, 2024

Phase 2: Dec. 10, 2024

Phase 3: Jan. 10, 2025

All Genesis NFT allocations will be distributed in full starting in Phase 1.

In addition to this, the tokens will be fully tradable and unstakable after each completed phase. This “steady rollout” approach lays the foundation for ongoing development, helps minimize risk, ensures the protocol’s stability, strengthens the protocol’s ecosystem for the future, and maximizes long-term returns for all participants.

How to Claim and Stake $LAY3R

1. 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”.
2. Connect your wallet, and once it’s connected, click “Next” (You may be asked to switch to a different network, so do so)
3. 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”
4. The next page will show you that “Your $LAY3R Season 1 allocation has been claimed and staked”.
5. Be sure to return to this page on November 10, December 10, and January 10, to start using your S1 $LAY3R allocation and the 25% bonus, both of which will be ready for trading.
6. If you are not eligible, please check here to learn more.

Season 1 marks a major achievement for AutoLayer, as this is the first community milestone of the $LAY3R token launch. Community Milestones are the key to AutoLayer’s growth, unlocking rewards for the $LAY3R community every time they are successful. Holding $LAY3R is crucial in reaching these milestones, allowing those who directly contribute to them to benefit more while also strengthening our ecosystem.

We still have future seasons, however:

Season 2 will start once AutoLayer achieves 5,000 daily active users (DAU), thereby unlocking an additional 0.7% of the total supply. Season 3 will start when the total volume traded on AutoLayer reaches $500 million, and that unlocks another 1% of the total supply. All uncollected LAY3Rs during Season 1 will be redirected to Season 2 of the airdrop.

We will continue working together to build the largest restaking marketplace and go beyond restaking within the ecosystem..

Thank you for taking the time to read our blog! We hope you found it informative. If you enjoyed what you read, please leave a comment below. Follow us on Twitter, LinkedIn, YouTube, and Discord.

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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.