Solayer Foundation, a blockchain ecosystem built on Solana, organizes an airdrop campaign for its early participants and protocol partners. Users who provide liquidity or use Solayer products can earn $LAYER, the native token of the network.
This article will guide you through Solayer airdrop’s claiming process. Also, we will be checking the key dates of the project such as TGE, and listing. Additionally, we will examine the platform’s trustworthiness and the rewards’ potential futuristic value.
What is Solayer Foundation?
Solayer is a Decentralized Finance (DeFi) ecosystem in the Solana blockchain that primarily focuses on the restaking processes. With around 500 million dollars staked in 2024, Solayer has emerged as one of the popular financial networks in Solana. The native token $LAYER is used as a governance tool and as a gas token.
Eligibility Criteria For the Solayer Airdrop
The airdrop is for existing participants of the Solayer Foundation. Since the exact snapshot date is not yet revealed, beginner users can try their luck by engaging with the platform. Here are the roles eligible for the drop:
- Solayer’s sSOL and sUSD staking token holders.
- Users that have delegated sSOL to Actively Validated Service (AVS) partners.
- Users who made deposits in associated DeFi protocols using sSOL or sUSD.
- Whitelisted LSTs have been deposited on Solayer by users.
- Users who made deposits using Solayer as a result of wallet and partner campaigns.
- Other core contributors and protocol partners.
Is This Airdrop Free?
As a program that demands the users to deposit, stake, and restake their assets, the airdrop campaign is not free. Users should fund their crypto wallets with SOL or USD tokens for locking up in the crypto staking pools. Also, transaction fees will be there.
How to Claim the Solayer Airdrop?
All the eligible participants in the Solayer ecosystem can claim their allocation of $LAYER with some effortless steps. Here are the details:
- Visit the official website of Solayer and access the airdrop claim page (claim.solayer.foundation).
- First, connect your wallet to check the eligibility. Tap “Connect Wallet” and choose your wallet provider.
- Pay the network fee (around 0.00013 SOL) to see your eligibility.
- If you are eligible, tap “Claim” to initiate the transfer. Approve the wallet authentication requests and pay the gas fee.
- If you have balance tokens in your claimable amount, that will be unlocked in accordance with the vesting schedule.
Solayer Airdrop Key Dates
The Token Generation Event (TGE) of Solayer is scheduled for February 11th, 2025. Around 22% of the total supply, along with an airdrop allocation, will be released at the time of TGE. For early community members and other eligible participants, the claim will be opened immediately after the launch.
Final Thoughts: Is This a Valuable Airdrop?
Solayer is a reputed network in the Solana blockchain. It is trusted by thousands of users. Beyond the genuineness, the real question is about the potential value of the $LAYER tokens after listing. Following the distribution of an initial 22% of the tokens, the remaining allocation will be unlocked at regular intervals. If new investors are not approaching the platform, $LAYER will lose its value gradually through these unlocks.
If you have claimed your allocation, it is better to HODL for the long term primarily due to the promising roadmap of Solayer Foundation. However, try to do your own research and make your own selling or hodling decisions. Always DYOR, and happy airdropping!
