LayerZero is about to launch its token. Which community projects have the opportunity to receive an airdrop?

Author: Peng Sun, Foresight News

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

The application period for the "Protocol RFP" proposal ended on May 31, and the partner project addresses were confirmed before 08:00 on June 6. Recently, LayerZero co-founder and CEO Bryan Pellegrino stated that the final list of witch addresses will be announced by the end of June, with airdrops previously planned for this month. Currently, over 200 protocols have submitted RFPs, and we have selected some of these projects for our readers.

Public Chains

Manta Network

Manta tokens are OFT tokens, with the team deploying OFT Manta Tokens on different chains, supporting cross-chain Manta tokens.

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 public chain.

Allocation Plan: Allocated proportionally to users with net assets greater than $10,000 and those with more than 5 transactions and net assets greater than $1,000.

Sanko GameCorp

Sanko Mainnet is a game-focused L3 that has never conducted a private sale. Previously, it collaborated with LayerZero to allow DMT to cross-chain from Arbitrum to the Ethereum mainnet, and in the future, Sanko will achieve cross-chain with Ethereum through LayerZero.

Allocation Plan:

• 50% allocated to users who cross-chain $DMT between the Ethereum mainnet and Arbitrum One
• 20% to Sakura Park holders
• 20% to Streets of Milady holders
• 10% to the team

LIF3

LIF3 is the native gas token of Lif3 Chain, based on the LayerZero OFT standard, allowing cross-chain transactions 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 Layer1 blockchain built using the Cosmos SDK. Through LayerZero's OFT standard, CANTO's cross-chain representation is deployed on Ethereum, enabling users to provide liquidity and trade CANTO on the mainnet, thus providing an additional bridging path for Canto.

Allocation Plan:

• 70% allocated to CANTO OFT cross-chain users, with at least 50 CANTO cross-chained to/from Ethereum, where 20% is evenly distributed and 80% is allocated based on cross-chain volume;
• 20% allocated to CANTO/WETH LP on PancakeSwap (Ethereum), distributed according to the ownership percentage of the liquidity pool at the time of the snapshot;
• 10% allocated to Canto developers

Infrastructure

Clusters

Clusters is a blockchain-based domain protocol launched by Delegate Labs in collaboration with LayerZero.

Allocation Plan:

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

DappRadar

DappRadar is a DApp data analytics platform.

Allocation Plan:

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

DeFi & Trading & Cross-Chain

Magpie Protocol

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

Allocation Plan and Rationale:

• 70% allocated to cross-chain bridge users
• 20% allocated to Magpie Mafia NFT holders
• 10% allocated to developers

KelpDAO

KelpDAO is a liquidity re-staking protocol, with its rsETH being OFT that can cross-chain to other L2s.

Allocation Plan:

• 40% allocated to users cross-chaining to various L2s
• 20% allocated to users who natively mint rsETH on L2
• 20% allocated to the top 500 liquidity providers on the mainnet and L2
• 10% allocated to rsETH holders on the mainnet
• 10% allocated to Kelp's core team to cover developer fees and audits

ether.fi

ether.fi is an Ethereum re-staking protocol.

Allocation Plan:

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

StakeStone

StakeStone is a full-chain 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 based on Pendle.

Allocation Plan:

• 10% allocated to developers;
• 90% allocated to ePENDLE OFT cross-chain users; ePENDLE holders, stakers, and LPs; 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 generic messaging technology.

Allocation Plan:

• 100% allocated to eligible users
• For the number of LayerZero messages generated for each user's legitimate, relevant deposit/payment transaction: 50% weight (requires at least 1 zero-layer message in the snapshot)
• Cumulative points: 50% weight (requires at least 1 LayerZero message in the snapshot)

However, Prime is controversial, with some users in the community stating, "Prime Protocol has done nothing for their community. Their Twitter account was hacked last July, and people lost $60,000 on phishing links shared by the hacker. They collected addresses of affected users on Discord but provided no compensation and have not shared any information about the hack for months. They act as if it never happened." Other users argue that Prime users deserve rewards.

Extra Finance

Extra Finance is a leveraged yield protocol that integrated with LayerZero to launch the OFT token EXTRA, allowing users to cross-chain 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, with the DUMP token being LayerZero OFT, now capable of cross-chaining between Ethereum and Base. The DUMP ecosystem will also utilize LZ technology to trade points and pre-market from any chain.

Allocation Plan:

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

Clearpool

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

Allocation Plan:

• 70% allocated to Clearpool lenders
• 20% allocated to cross-chain users
• 10% allocated to the 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 using the OFT cross-chain bridge to cross-chain 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 plans to reward users of Olympus products that align with the LayerZero technology stack.

Allocation Plan:

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

SpartaDEX

SpartaDEX is a fully functional gamified DEX and community engagement hub based on Arbitrum and Linea, as well as a Launchpad/VC.

Allocation Plan:

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

Maverick Protocol

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

Allocation Plan:

• 90% allocated to veMAV holders
• 10% allocated to developers

GMX

GMX is a DEX on Arbitrum, with its allocation aimed at rewarding users who use LayerZero to transfer assets from other blockchains to 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 cross-chain OP or BNB to Arbitrum and deposit into the corresponding GM pool before the snapshot
• 10% allocated for GMX DAO's own use

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 governance platform for yield in 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, 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, allowing players to transfer XEX tokens and Xexadon NFTs between Ethereum, Avalanche, Fantom, Polygon, Arbitrum, and BNB Chain.

Allocation Plan:

• 50% evenly distributed to users who cross-chain Xexadon or XEX through LayerZero
• 20% linearly allocated to Xexadon holders
• 20% linearly allocated to XEX holders
• 10% allocated to developers

Games & NFTs

Gh0stly Gh0sts

Gh0stly Gh0sts is an NFT series on LayerZero.

Allocation Plan:

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

Beam

Beam is a gaming subnet of the chain game guild Merit Circle.

Allocation Plan:

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

Battle

Battle is a cross-chain dynamic NFT supported by LayerZero, suitable for shooting games on UE5.

Allocation Plan:

• 20% to users bridging ONFT
• 20% to Battlemon NFT holders
• 16% to Battlemon Items holders
• 17% to Battlemon Points (BP) holders
• 17% to Battlemon Golden Key holders
• 10% to the team

Kanpai Pandas

Kanpai Pandas is an NFT series that adopts LayerZero's ONFT for cross-chain.

Allocation Plan:

• 70% allocated to Kanpai Panda tokens (based on the rarity of each token)
• 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 collaborative projects

Utility Wen NFT

Allocation Plan:

• 90% allocated to holders before 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% for future rewards for holders

CryptoRasta

CryptoRasta is a digital art community that will start offering CR holders the ability to cross-chain their original NFTs to the Polygon network using LayerZero protocol in 2024.

Allocation Plan:

• 50% allocated to OG holders (1460 wallets)
• 10% reward allocation to top OG holders (100 wallets)
• 30% allocated to holders cross-chaining to Polygon (34 wallets)
• 10% allocated to developers

Heroes & Empires

Heroes & Empires is a Play-2-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, which has released the NFT series HoneyComb, HoneyJar Gen 1, and Gen 2 NFTs, and has integrated LayerZero technology into the Gen 2 minting portal.

Allocation Plan:

• Proportionally weighted HoneyComb NFT holders - 90%
• THJ development team (20 members including the founder) - 10%

Tiny Dinos

Tiny Dinos is an ONFT pixel art series built on LayerZero.

Allocation Plan:

• 70% allocated to holders (calculated by dinosaur)
• 20% allocated to any cross-chain users (not based on cross-chain frequency)
• 10% allocated to developers

GnomeLand

GnomeLand is a full-chain game that previously won the LayerZero Bounty first prize at the ETHGlobal London Hackathon, achieving cross-chain through OFT.

Allocation Plan:

• 10% allocated to developers
• 70% for GameRewards
• 20% allocated to the community

OmniDoggos

OmniDoggos is a community-driven game that integrates LayerZero.

Allocation Plan:

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

Halls of Olympia

Halls of Olympia is an on-chain PvP and PvE gladiator game that utilizes LayerZero to allow users to participate in its tokens, staking contracts, and game contracts on any chain, with all tokens adopting OFT and converting their contracts to OApp.

Allocation Plan:

• All allocated to provide gas funding for users.

Others

Omnichain 404

Omnichain 404 combines LayerZero V2 with an improved version of Pandora's ERC404 token standard, introducing a new asset class OMNI404 compatible with Omnichain.

Allocation Plan:

• 90% belongs to the community
• 10% allocated to developers

Tradable

Tradable allows developers to build full-chain applications and Rollups supported by the economic security of shared liquidity. Tradable consists of full-chain IDs, modules, and shared liquidity. Full-chain IDs allow users to interact with use cases across different chains without bridging. Modules are SDKs that allow developers to create applications across multiple chains using LayerZero messaging. Shared liquidity allows users to stake assets across multiple chains to support applications utilizing LayerZero transfers.

Allocation Plan:

• 10% allocated to developer addresses
• 90% allocated to depositors and alpha testers of the shared liquidity treasury

SQUID Game

SQUID Game was originally a meme coin on the BNB Chain.

Allocation Plan:

• Fully rewarded to SQUID Game deployers on BNB Chain and Base.