KEY TAKEAWAYS
- AutoLayer launches Phase 2 of $LAY3R Season 1, introducing AuBNB to enhance trading and staking incentives.
- Participants can earn a 25% bonus reward by staking $LAY3R tokens, with rewards distributed across three phases.
- Season 1 marks a significant milestone for AutoLayer, focusing on community growth and ecosystem stability.
- Future phases will unlock additional token supply based on user engagement and trading volume milestones.
AutoLayer has announced the commencement of Phase 2 of $LAY3R Season 1, which is now live for claims and trading. This phase introduces the launch of AuBNB, providing participants with additional incentives to engage in both activities. Those who staked and held their $LAY3R tokens during Phase 1 will receive extra benefits, while Phase 2 aims to facilitate new trading opportunities.
During the entirety of Season 1, 0.82% of the total LAY3R supply will be unlocked, with a 25% bonus reward available for those who stake their tokens. The bonus will be distributed across three phases: Phase 1 on November 10, 2024, Phase 2 on December 10, 2024, and Phase 3 on January 10, 2025. All Genesis NFT allocations were fully distributed in Phase 1, and tokens will become tradable and unstakable after each phase is completed.
Strategic Rollout and Community Milestones
This phased rollout is designed to support ongoing development, minimize risk, and ensure the protocol’s stability. It aims to strengthen the ecosystem and maximize long-term returns for participants. Season 1 represents a significant milestone for AutoLayer, marking the first community achievement in the $LAY3R token launch.
Community milestones are crucial for AutoLayer’s growth, unlocking rewards for the $LAY3R community upon successful completion. Holding $LAY3R tokens is essential for reaching these milestones, allowing contributors to benefit more while reinforcing the ecosystem.
Future Prospects and Season 2 Launch
Looking ahead, Season 2 will commence once AutoLayer achieves 5,000 daily active users, unlocking an additional 0.7% of the total supply. Season 3 will begin when the total trading volume on AutoLayer reaches $500 million, unlocking another 1% of the total supply. Any uncollected LAY3R tokens from Season 1 will be redirected to the Season 2 airdrop.
With the launch of AuBNB, AutoLayer aims to build the largest restaking marketplace, continuing to expand beyond the current ecosystem limits. For more details, visit the official announcement here.
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