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- LayerZero's Token Launch Set for 2024
LayerZero's Token Launch Set for 2024
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🌐 LayerZero's 2024 Token Launch Plan
Token Launch Announcement: LayerZero has confirmed plans to launch a token in early 2024, following community speculation and discussion. This announcement clarifies the protocol's intention to include a native token, as hinted in its original code.
Airdrop Distribution Expected: The launch is likely to involve an airdrop, a common method for rewarding early users with tokens. These tokens might carry governance rights, influencing the protocol's future development. However, the specifics of the airdrop, including eligibility criteria, remain undecided.
Protocol's Growth and Function: LayerZero, a blockchain interoperability protocol, secured $120 million in a Series B funding round in April 2023, reaching a valuation of $3 billion. It facilitates the movement of data and assets across different blockchains. Read More.
️ On today's Top Picks:
- 🎁 Starknet Foundation releases details regarding $STRK airdrop.
- 🪂 Namada launches RPGF $NAM airdrop.
- ⚖️ CZ can NOT return to UAE before sentencing.
- 💰 Sam Altman startup seeks to raise $100M.
Read time: ⏰ 8 minutes
Crypto News
• ⭐️ CZ can NOT return to UAE before sentencing following judge ruling.
• Do Kwon set to be extradited to the US to face criminal charges.
• ⭐️ Meanwhile Advisors, a startup backed by Sam Altman; seeks to raise $100M for Bitcoin private credit fund.
• Offchain Labs & Horizen Labs propose ApeChain be developed with Arbitrum technology to ApeCoin DAO.
• Jack Dorsey's Block unveils Bitkey, a self-custody Bitcoin wallet.
• Binance withdraws application to manage Abu Dhabi investment fund.
• United Kingdom’s Financial Conduct Authority (FCA) adds Poloniex to warning list of non-authorized companies.
• El Salvador offers Freedom Visa in exchange for $1M investment in cryptocurrency.
Alpha
• Linea DeFi Voyage Wave 7 is live on Intract.
• Starknet Quest launches Starknet Pro Score x Braavos quest.
• Taiko launches new community education campaign on Galxe.
• EigenLayer adding 6 new LSTs and raising caps December 18th.
• Frame launches Bridge an NFT with LayerZero quest.
• Gyroscope stablecoin $GYD is live.
Airdrops
• ⭐️ Starknet Foundation releases details regarding Starknet $STRK airdrop.
• ⭐️ Namada launches RPGF $NAM airdrop.
• LogX airdrop strategy by Faycy.
Finance News
• Robinhood $HOOD launches cryptocurrency trading services in Europe.
• FTC requests additional information from Chevron $CVX and Hess $HES regarding $53B merger.
• US FCC approves Dish Network $DISH & EchoStar $SATS merger.
• UBS begins merging parent banks, UBS AG and Credit Suisse AG.
• McDonald's $MCD launches CosMc's, a Starbucks competitor.
Security and Exploits
• Cybercriminals are targeting macOS systems with Trojan-Proxy malware.
• ZachXBT posts thread on an individual who actively uses Tornado Cash and spends their funds on Magic The Gathering trading cards.
Token Unlocks
• Moonbeam / 12.72M $GLMR / ~$4.19M / 10 DEC
Funding
• Babylon, a Bitcoin staking protocol; raises $18M in funding led by Polychain Capital and Hack VC.
• Mocaverse, membership NFT collection for Animoca Brands; raises $11.88M in funding.
• Sona, a Web3 streaming protocol; raises $6.9M in Seed funding.
• Sindri, a zero-knowledge proof (ZKP) DevOps and proving stack; raises $5M in funding led by CoinFund.
• Versatus, a decentralized compute stack; raises $2.3M in Seed funding.
• Rhinestone, infrastructure for modular account abstraction; raises an undisclosed amount in Pre-Seed funding.
• StarryNift, a gamified metaverse co-creation platform; raises an undisclosed amount in funding from OKX Ventures.
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PROTOCOL | ASSETS | APY |
---|---|---|
![]() | STEURUSDC | 36.71% |
![]() | MIMARBUSDCEUSDT | 35.91% |
MIMUSDCUSDT | 34.16% | |
![]() | USDVUSDC | 32.30% |
![]() | DOLAUSDC | 28.75% |
![]() | IUSD | 27.36% |
![]() | USDC | 26.46% |
![]() | USDC | 26.09% |
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That’s it for today’s edition! See you soon.
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