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 more.
On May 30th, 2024 AutoLayer announced the upcoming IDO on the Magic launchpad, allocating 230.77K tokens (0.72% of total token supply) for the round. In addition, the project has announced a Road to IDO campaign powered by Magic Square. AutoLayer expects to raise $150K from this IDO round.
15 % unlock at TGE, 0 months cliff, then 6 months daily linear vesting.
To participate in the AutoLayer IDO Round on Magic Launchpad, you need to log in or create an account on Magic Square, complete KYC verification, and acquire some $SQR and $USDT in your wallet on the BSC network.
❗️ Important: The amount of $SQR should be equal to the amount of tokens worth in dollars that you are willing to purchase, in a 1:1 ratio.
For example, if you want to purchase $100 worth of $LAY3R tokens, you will need to acquire at least 100 $SQR tokens.
Once those requirements are met, proceed to the Magic Square launchpad staking page, stake the acquired amount of $SQR tokens, and go to the $LAY3R IDO page. There, enter the amount of $USDT you want to contribute, confirm the transaction, and wait until the TGE of the $LAY3R token.
🏊 There are three different participation pools of AutoLayer IDO on Magic Launchpad:
This pool is open to everyone. Your allocation is determined by the size of your deposit relative to the total deposits made by all users in the pool—the more you deposit, the larger your allocation.
This pool is exclusively available to upgraded Magic Store Members on a first-come, first-served basis.
This pool is exclusively available to AutoLayer Road-to-IDO Campaign participants on a first-come, first-served basis.
🥳 Congratulations! You have successfully participated in the $LAY3R IDO Round on Magic Launchpad.
Create an account or Log in to Magic Square;
Complete KYC verification;
Visit the $LAY3R IDO round on this page;
Acquire some $USDT and $SQR equal to the amount of $USDT;
Stake $SQR;
Enter the amount of $USDT you are willing to contribute (no more than amount of $SQR amount staked);
Confirm transaction;
Wait until the TGE;
Receive the tokens.