Check out Solayer airdrop results!
Solayer
Expired
Progress mission: 0 of 4
Updated:
Expired
Rewards
Reward Results
$48 $1,558
Details
Minimal cost
~$20
Minimum deposit
$500
Time required
15 min.
Category
Mainnet
Rating
5/10
Risk
Medium
The Solayer Genesis Drop was designed to reward early supporters and community members of the Solayer ecosystem. This event introduced $LAYER, the native governance token of Solayer.
Genesis Drop Overview
A total of 12% of the maximum $LAYER token supply (1,000,000,000 tokens) has been allocated for the Genesis Drop, distributed across several categories:
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Solayer sSOL and sUSD Holders: Individuals holding Solayer's synthetic assets, sSOL and sUSD.
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Delegators to AVS Partners: Users who have delegated sSOL tokens to Authorized Validator Set (AVS) partners, supporting network security and operations.
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Participants in Partnered DeFi Protocols: Users who have deposited sSOL or sUSD into decentralized finance protocols collaborating with Solayer.
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Depositors of Whitelisted Liquid Staking Tokens (LSTs): Individuals who have deposited approved LSTs on the Solayer platform.
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Engagement Through Partner and Wallet Campaigns: Users who have interacted with Solayer via specific partner collaborations or wallet-based promotional activities.
Through a partnership with Galxe, some users can also claim $LAYER tokens via the Galxe Earndrop.
Token Distribution Average
The analysis was done on a sample of 2,000 addresses due to blockchain explorer download limits. However, more than 30 000 addresses was eligible.
The bottom 10% of airdrop recipients (who claimed the fewest tokens), received an average of approximately:
- 47.5 $LAYER tokens worth $48
The top 10% of users (who claimed the highest number of tokens), received an average of approximately:
- 1542.8 $LAYER tokens worth $1558
The dollar values are based on the $LAYER token price of $1.01 when CoinGecko began tracking it.
Pros
Potential for Success on Solana
Solayer operates on Solana, which is known for its high transaction volumes (much like Ethereum). Solayer can be considered similar to EigenLayer, which has done well on Ethereum. If Solayer mirrors EigenLayer’s success on Solana, it could lead to great opportunities for early participants.
Backed by Tier 1 Funds
Solayer has financial support from top investors like Polychain Capital and Binance. These investors usually do a lot of research before backing a project, so their involvement boosts confidence in Solayer’s long-term potential. You can feel more secure knowing that respected investors believe in the platform.
Growing Solana Ecosystem
Solana is becoming more popular. And as its network grows, so do the chances for projects like Solayer to succeed. If Solana continues to thrive, you could find more opportunities to earn rewards or take advantage of staking on a successful platform.
Cons
Relatively New Platform
While Solayer has strong backers, it's still new. And new projects almost always come with risks. You could face challenges like technical issues or slower adoption as the platform works to establish itself in the long term. It might take time before the project proves its sustainability.
High Entry with Average Deposits
The average deposit of $1,700 might make some new users feel like they need to invest more to see returns. This could be intimidating if you’re a smaller investor or hesitant to commit large amounts to a newer platform. It might discourage people with less capital from joining.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximise your chances of benefiting from this opportunity.
- Join Solayer's Discord and follow their X account: You need to join the Solayer Discord server. Also, follow them on X (formerly Twitter). This is important because some updates and opportunities might be announced there.
- Restake your SOL tokens: To start, you need at least $500 in SOL tokens. But, if you want higher rewards, staking at least $1,700 is better. The longer you stake, the more you can earn.
- Explore DeFi options for extra earnings: If you want more ways to earn, explore DeFi strategies on Solayer. You can deposit your sSOL into lending pools or other tools. But remember, these are risky and involve third-party projects, so be cautious.