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AutoLayer
Road to IDO

Active 23 May 2024 - TBA

AutoLayer is the premier LRTfi (Liquid Restaking Tokens Finance) app on Arbitrum, consolidating all LRT offerings, strategies, and DeFi opportunities into one convenient interface. The project is backed by Kucoin Labs, Morningstar Ventures, Dewhales, Staked.vc, and others.

On May 23, 2024, the project announced the start of the Road to IDO contest on Magic Square, allocating 307,692 $LAY3R ($200k), which is 0.95% of the total supply. 

CoinLaunch Score: Last update:
High 19 Jun 2024

AutoLayer - Road to IDO Overview

start date: 23 May 2024
end date: TBA
Reward Distribution: TBA
More about AutoLayer
Reward $200,000
Reward Pool: 307,692 $LAY3R
Winners: N/A

How to join AutoLayer - Road to IDO?

To participate in the AutoLayer Road to IDO contest, you need to log in or create an account on Magic Square, complete KYC verification, and visit the AutoLayer Road to IDO campaign. There, you need to clear all steps until the 5th, and click on "Join now" on the 5th step of the contest.

Then, there are two sources from where you can farm points: 

  • Zelay Campaign 
  • Autolayer Restaking 

 

Zelay Campaign 

There, you will be proceeded to the Zealy tasks, where you will be able to earn XP for completing social tasks, quizzes, and other quests.

Unfortunately, we won't walk through all the tasks in Zealy because of the large number of tasks. It is important to note that in addition to the Zealy XP, you can farm AutoLayer Points, which also provides you with Zealy XP once you reach a certain amount of AutoLayer Points using the same wallet:

 

Autolayer Restaking 

Autolayer tracks user product activity and assigns the Road-to-IDO contest participants additional points based on their product activity. The multiplier here is much higher than in the Zelay Campaign. 

Also, the Autolayer project has a Restaking Leaderboard, which is open to all EigenLayer, LRTs, and AutoLayer users.

There are some guidelines to participate in the Restaking Competition:

  1. The ranking will be based on AutoLayer points, with each point equivalent to 1 USD restaked.
  2. Top 25 Restakers will receive rewards based on their ranking, with higher ranks earning greater rewards.
  3. The awarded prize will consist of $LAY3R tokens. As for the distribution date of the prize, it will be announced at a later time, enabling participants to stay informed and prepared for the TGE.
  4. Participants must adhere to AutoLayer's terms of service. Any unethical behavior will result in disqualification.
  5. AutoLayer reserves the right to improve or update the leaderboard guidelines at any time, with prior notice to participants.

❗️Along with Road-to-IDO token rewards, raffle winners will have access to an IDO pool valued at $100,000 in $LAY3R Tokens. Any unsold allocations from this pool will be transferred to the Public FCFS Pool, open to everyone. Road-to-IDO rewards will be distributed this way: 10% on TGE, 3 months cliff, 7 months vesting.

AutoLayer rewards users with points for their product activities and app engagement, where each dollar or equivalent asset traded earns 1 point. Recorded on smart contracts, these points herald a future of substantial value. With a compelling multiplier effect on selected assets, actions, and strategies, users can earn extra points per dollar based on the multiplier coefficient.

Currently non-liquid and non-tradeable. Stay tuned for updates.

Join the Restaking Competition now and position yourself at the top of the leaderboard for a better chance to win big.


The Road-to-IDO Points Calculation

The Magic Launchpad Road-to-IDO leaderboard updates every 10 minutes, combining points from tasks on the Zealy Campaign page and your AutoLayer activity. Your overall rank is determined by the total points from both sources. To improve your ranking, stay active on both AutoLayer and the Zealy page.

❗ Please note that only points accumulated on AutoLayer from the beginning of this campaign will be considered towards your total. Points earned prior to the start of this campaign will not be included.

Additionally, to appear on this leaderboard, you MUST have at least 1 point on Zealy. While it is not mandatory to have points on AutoLayer, doing so will significantly enhance your chances of winning token rewards and IDO whitelist spots.

 

Good luck!🍀

Step-by-step Guide

  • Create account or Log in to Magic Square;

  • Complete KYC verification;

  • Visit the AutoLayer Road to IDO campaign;

  • Clear all necessary steps on this page and proceed to Zealy quests by clicking on “Join now” button in the 5th step;

  • Complete quests on Zealy, such as social tasks, completing quizzes, etc;

  • Farm AutoLayer points for your trading activities and app engagement;

  • Earn extra points per dollar based on the multiplier coefficient;

  • Receive your tokens at $LAY3R TGE. 

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