LayerZero Launching Token Soon: Which Community Projects Have a Chance at Airdrop?

2024.06.12

LayerZero Launching Token Soon: Which Community Projects Have a Chance at Airdrop?

Over 200 protocols submit RFPs—has LayerZero’s sunshine moment arrived, or is major airdrop still uncertain?

2024.06.12 - 09:13:32

LayerZero

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Over 200 protocols submit RFPs—has LayerZero’s sunshine moment arrived, or is major airdrop still uncertain?

Written by: Peng Sun, Foresight News

On May 11, LayerZero Labs released a "Protocol RFP" proposal within the community, marking the first step toward finalizing TGE allocations. This RFP allows each project to define its own allocation criteria based on their overall token distribution. All projects that deployed OApp, OFT, or ONFT contracts on mainnet and declared them on LayerZero Scan prior to Snapshot #1 are eligible to submit proposals.

The submission period for Protocol RFP proposals ended on May 31, and partner project addresses were confirmed by June 6 at 08:00 UTC. Recently, Bryan Pellegrino, co-founder and CEO of LayerZero, stated that the final list of sybil addresses will be published before the end of June, with an airdrop originally planned for this month. Currently, over 200 protocols have submitted RFPs. Below, we highlight selected projects for our readers.

Layer 1 Blockchains

Manta Network

The Manta token is an OFT token. The team deploys OFT Manta Tokens across different chains, enabling cross-chain transfers of Manta tokens between multiple blockchains.

Allocation Plan:

10% allocated to developers
30% allocated to early adopters
20% allocated to ecosystem partners
40% allocated to LP providers

Astar Network

Astar Network is a smart contract platform.

Allocation Plan:

10% allocated to developers;
90% allocated to ASTR OFT holders.

Core Chain

Core Chain is an L1 blockchain.

Allocation Plan: Proportional distribution to users with net assets greater than $10 and $1,000, and to users with more than 5 and 50 transactions respectively, provided net assets exceed $1,000.

Sanko GameCorp

Sanko Mainnet is a gaming-focused L3 chain that has never conducted a private sale. It previously partnered with LayerZero to allow DMT to bridge from Arbitrum to Ethereum mainnet, and plans to use LayerZero for future cross-chain functionality between Sanko and Ethereum.

Allocation Plan:

50% allocated to users who bridged $DMT between Ethereum mainnet and Arbitrum One
20% to Sakura Park holders
20% to Streets of Milady holders
10% to team

LIF3

LIF3 is the native gas token of Lif3 Chain, built using the LayerZero OFT standard, allowing cross-chain transfers between Ethereum, Polygon, Fantom, BNB Chain, and Lif3 Chain.

Allocation Plan:

90% allocated to LIF3 OFT users
10% allocated to developers

Canto

Canto is a Layer 1 blockchain built using the Cosmos SDK. Through LayerZero’s OFT standard, CANTO's cross-chain representation has been deployed onto Ethereum, enabling users to provide liquidity and trade CANTO on Ethereum mainnet, thereby offering Canto an additional bridging pathway.

Allocation Plan:

70% allocated to CANTO OFT bridging users who transferred at least 50 CANTO to/from Ethereum, with 20% distributed equally and 80% proportionally based on bridging volume;
20% allocated to CANTO/WETH LPs on PancakeSwap (Ethereum), distributed proportionally based on ownership percentage in the liquidity pool at snapshot;
10% allocated to Canto developers

Infrastructure

Clusters

Clusters is a blockchain-based domain protocol launched through a collaboration between Delegate Labs and LayerZero.

Allocation Plan:

10% allocated to developers;
90% allocated to users.

DappRadar

DappRadar is a DApp analytics platform.

Allocation Plan:

10% allocated to developers;
90% allocated to RADAR stakers.

DeFi & Trading & Bridging

Magpie Protocol

Magpie Protocol is a cross-chain liquidity aggregation protocol. Its PNP, mPENDLE, and RDP tokens utilize LayerZero's OFT standard.

Allocation Plan and Rationale:

70% allocated to bridge users
20% allocated to Magpie Mafia NFT holders
10% allocated to developers

KelpDAO

KelpDAO is a liquid restaking protocol whose rsETH uses OFT to bridge across other L2s.

Allocation Plan:

40% allocated to users bridging to various L2s
20% allocated to users who natively minted rsETH on L2s
20% allocated to the top 500 liquidity providers on mainnet and L2s
10% allocated to rsETH holders on mainnet
10% allocated to Kelp's core team for developer fees and audits

ether.fi

ether.fi is an Ethereum restaking protocol.

Allocation Plan:

10% allocated to developers;
90% allocated to cross-chain weETH users.

StakeStone

StakeStone is an omnichain liquidity distribution protocol.

Allocation Plan:

10% allocated to developers;
90% allocated to stakers.

Pendle

Pendle is a yield trading protocol.

Allocation Plan:

10% allocated to developers;
90% allocated to vependle holders

Equilibria Finance

Equilibria Finance is a yield-enhancement protocol built on Pendle.

Allocation Plan:

10% allocated to developers;
90% allocated to ePENDLE OFT cross-chain users; ePENDLE holders, stakers, and LPs; and vIEQB holders.

Ethena

Ethena is the developer of the stablecoin USDe.

Allocation Plan:

10% allocated to developers;
90% allocated to product holders.

Prime Protocol

Prime Protocol is a cross-chain liquidity protocol that early adopted LayerZero v1 general message passing technology.

Allocation Plan:

100% allocated to qualified users
LayerZero messages generated by legitimate, relevant deposit/payment transactions per user: 50% weight (requires at least one zero-tier message within snapshot)
Cumulative points: 50% weight (requires at least one LayerZero message within snapshot)

However, Prime has faced controversy. Some users in the community stated, "Prime Protocol hasn't done anything for their community. Their Twitter account was hacked in July last year, leading people to lose $60,000 via phishing links shared by the hacker. They collected addresses of affected users on Discord but offered no compensation and shared no information about the incident for months. They acted as if it never happened." Others argue that Prime users deserve rewards.

Extra Finance

Extra Finance is a leveraged yield protocol that integrated LayerZero to launch the OFT token EXTRA, enabling users to bridge between Optimism and Base.

Allocation Plan:

60% allocated to OFT bridge users
30% allocated to veEXTRA holders
10% allocated to developers

dump.trade

dump.trade is a cross-chain DeFi protocol. The DUMP token is a LayerZero OFT, now capable of bridging between Ethereum and Base. The DUMP ecosystem will also leverage LZ technology to trade points and pre-market positions from any chain.

Allocation Plan:

70% allocated to token holders
20% allocated to OFT cross-chain users
10% allocated to team

Clearpool

Clearpool is a decentralized lending market that utilizes the LayerZero protocol and its Omnichain OFT as a cross-chain messaging solution to enable seamless transfers of cross-chain CPOOL.

Allocation Plan:

70% allocated to Clearpool lenders
20% allocated to cross-chain users
10% allocated to team

Beethoven X

Beethoven X is a fork of Balancer on Fantom.

Allocation Plan:

10% allocated to developers
20% allocated to the top 100 users who used the OFT bridge to transfer BEETS, weighted
20% allocated to the top 100 users migrating to the new lzBEETS, weighted
50% allocated to the top 500 maBEETS holders, weighted

Olympus DAO

Olympus DAO intends to reward users of Olympus products aligned with LayerZero's technology stack.

Allocation Plan:

10% allocated to developers;
90% allocated to Cooler Loan holders prior to LayerZero Snapshot #1, with a minimum loan amount of 10 OHM.

SpartaDEX

SpartaDEX is a fully functional gamified DEX and community engagement hub on Arbitrum and Linea, along with a Launchpad/VC.

Allocation Plan:

10% allocated to developers
90% allocated to active and highly engaged SpartaDEX users
35% allocated to users who moved liquidity to Linea
25% allocated to all liquidity providers
15% allocated to Sparta token stakers
15% allocated to active SpartaDEX users with level above 20

Maverick Protocol

Maverick Protocol is a liquidity operating system for DeFi, with its native token MAV using the LayerZero OFT standard.

Allocation Plan:

90% allocated to veMAV holders
10% allocated to developers

GMX

GMX is a DEX on Arbitrum. Its allocation aims to reward users who utilized LayerZero to transfer assets from other blockchains into the Arbitrum ecosystem and GMX ecosystem. GMX V2 holds most of the LayerZero-bridged OP and BNB tokens on Arbitrum.

Allocation Plan:

90% allocated to users who bridged OP or BNB to Arbitrum and deposited them into corresponding GM pools prior to the snapshot
10% allocated for discretionary use by the GMX DAO

Abracadabra

Abracadabra is the issuer of the algorithmic stablecoin MIM.

Allocation Plan:

10% allocated to developers;
90% allocated to users.

Balancer

Balancer is a decentralized exchange.

Allocation Plan:

10% allocated to developers;
90% allocated to ecosystem users.

Aura Finance

Aura Finance is a yield governance platform within the Balancer ecosystem.

Allocation Plan:

10% allocated to developers;
90% allocated to users.

Beefy Finance

Beefy Finance is a DeFi yield aggregator.

Allocation Plan:

10% allocated to developers;
90% allocated to governance participants, BIFI cross-chain users, and LZ Vault users.

Beraplug

Beraplug is a DeFi protocol in the Berachain ecosystem.

Allocation Plan:

10% allocated to developers;
90% allocated to PLUG holders.

XEX Labs

XEX Labs integrates the LayerZero messaging protocol, enabling players to transfer XEX tokens and Xexadon NFTs across Ethereum, Avalanche, Fantom, Polygon, Arbitrum, and BNB Chain.

Allocation Plan:

50% equally distributed to users who bridged Xexadon or XEX via LayerXero
20% linearly allocated to Xexadon holders
20% linearly allocated to XEX holders
10% allocated to developers

Gaming & NFTs

Gh0stly Gh0sts

Gh0stly Gh0sts is an NFT collection on LayerZero.

Allocation Plan:

10% allocated to developers;
90% allocated to minters and holders.

Beam

Beam is a gaming subnet of the guild Merit Circle.

Allocation Plan:

10% allocated to treasury;
90% allocated to cross-chain users, Beam token holders, LP providers, and voters.

Battle

Battle is a cross-chain dynamic NFT powered by LayerZero, designed for a shooter game on UE5.

Allocation Plan:

20% to users who bridged ONFTs
20% to Battlemon NFT holders
16% to Battlemon Items holders
17% to Battlemon Points (BP) holders
17% to Battlemon Golden Key holders
10% to team

Kanpai Pandas

Kanpai Pandas is an NFT collection utilizing LayerZero's ONFT for cross-chain functionality.

Allocation Plan:

70% allocated to Kanpai Panda token holders (weighted by rarity)
3.347% allocated to Alien Pandas
9.000% allocated to Zombie Pandas
9.143% allocated to Golden Pandas
46.844% allocated to Red/Normal Pandas
1.666% allocated to 1 of 1 Pandas (including Infinity 1 of 1s)
12% allocated to Infinity Pandas (excluding 1 of 1)
10% allocated to developers
8% allocated to Solana Pandas collaboration project

Utility Wen NFT

Allocation Plan:

90% allocated to Holders prior to Snapshot #1
20% allocated to Tier 4 holders
15% allocated to Tier 3 holders
15% allocated to Tier 2 holders
50% allocated to Tier 1 holders
10% reserved for future rewards to holders

CryptoRasta

CryptoRasta is a digital art community that began allowing CR holders to use the LayerZero protocol to bridge their original NFTs to the Polygon network starting in 2024.

Allocation Plan:

50% allocated to OG holders (1,460 wallets)
10% bonus allocated to top OG holders (100 wallets)
30% allocated to holders who bridged to Polygon (34 wallets)
10% allocated to developers

Heroes & Empires

Heroes & Empires is a Play-to-Earn strategy game.

Allocation Plan:

10% to developers
20% to liquidity providers
70% to the game treasury

Honey Jar

Honey Jar (THJ) is a community project founded by Janitooor.eth on Berachain. It has launched NFT collections HoneyComb, HoneyJar Gen 1, and Gen 2 NFTs, and has integrated LayerZero technology into the Gen 2 minting portal.

Allocation Plan:

Weighted proportional allocation to HoneyComb NFT holders - 90%
THJ development team (including founder, 20 members total) - 10%

Tiny Dinos

Tiny Dinos is a pixel-art ONFT series built on LayerZero.

Allocation Plan:

70% allocated to holders (per dinosaur count)
20% allocated to any cross-chain user (not based on number of bridges)
10% allocated to developers

GnomeLand

GnomeLand is a fully on-chain game that previously won first prize in the LayerZero Bounty at ETHGlobal London Hackathon, enabling cross-chain functionality via OFT.

Allocation Plan:

10% allocated to developers
70% allocated to GameRewards
20% allocated to community

OmniDoggos

OmniDoggos is a community-driven game integrated with LayerZero.

Allocation Plan:

10% allocated to developers
20% allocated to Dog Shelters
70% allocated to community

Halls of Olympia

Halls of Olympia is an on-chain PvP/PvE gladiator game leveraging LayerZero to allow users to interact with their tokens, staking contracts, and game contracts on any chain. All tokens use OFT, and contracts are converted to OApp.

Allocation Plan: