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LayerZero

Category: Cross-chain Bridge, Infrastructure

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Overview

Total XP Rewards

80

Estimated Rewards

$50M

Funding

$318M

Current Stage

Season 1

Total value locked

-

Unique Users

-

Chains

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Phase

Mainnet

Structure

-

Gas

Yes

Grade

A

Tasks

0/4

TGE

June - 2024

Type

Bridge

Confirmed

Yes

Date

13 days ago

Introduction

  • LayerZero is an omnichain interoperability protocol that enables seamless communication between different blockchains. 
  • It allows developers to build omnichain applications (OApps) that function the same way across all supported chains.

Tasks

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Fundamentals

  • Omnichain Messaging Protocol: Enables any message (not just tokens) to move across 20+ blockchains.
  • Modular Security with DVNs: Apps can choose their own set of Decentralized Verifier Networks (DVNs) for custom trust setups (e.g., 2-of-3 verification).
  • Permissionless Executors: Anyone can act as an executor to deliver cross-chain messages, making the network more decentralized.
  • Unified OApp Framework: Omnichain applications (OApps) behave the same on every chain—write once, deploy everywhere.
  • Immutable Core Contracts: LayerZero’s contracts are non-upgradable, increasing trust and predictability for developers.
  • Cross-EVM and Non-EVM Support: Compatible with both EVM and non-EVM chains, enabling broad interoperability.

Potential Rewards

  • LayerZero's Season 1 airdrop took place in June 2024, distributing 85 million ZRO tokens to early users.
  • Season 2 followed with 66 million ZRO tokens rewarded to active users based on continued engagement.
  • LayerZero also launched a community program, allocating 5 million ZRO tokens to contributors creating content, participating in discussions, and building projects.
  • A future airdrop is expected in Q2 2025, with 15.3% of the ZRO supply reserved to reward genuine protocol users.
  • To boost eligibility, bridge, stake, and use dApps across LayerZero networks with consistent activity—avoid sybil behavior, as noted by CEO Bryan Pellegrino.

Investors

  • a16z,
  • Sequoia Capital
  • Circle
  • OKX Ventures 

Audit

  • Ottersec
  • Pashov

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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