LayerZero Labs announces snapshot of its native token airdrop
Users hunting airdrops highlighted that this is the first snapshot, which could mean there’s still time to keep interacting to boost eligibility.
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LayerZero Labs announced on May 1 the snapshot for the long-awaited airdrop of its native token. The X post used to inform users of the snapshot indicates it was taken yesterday’s last second (UTC).
Snapshots are events where applications read all the interactions with their services so far. For airdrop hunters, this means interactions happening after the snapshot won’t make them eligible to receive rewards. However, X users highlighted that this is the first snapshot, which could mean it is not over yet for late investors.
LayerZero is an interoperability protocol enabling cross-chain messaging, which lets users transfer tokens between different blockchains.
Despite LayerZero Labs’ announcement, no more details were revealed, such as tokenomics, the date for the eligibility check, and what is the token utility. Bryan Pellegrino, co-founder and CEO of LayerZero Labs, shared that 5.8 million wallets have interacted with their services.
Interoperability airdrops
Wormhole started the airdrop season of interoperability protocols in 2024, distributing 617 million units of its native token W. Polyhedra was the second one, allocating 15% of its total 900 million supply of ZK tokens.
On top of LayerZero, airdrop hunters are waiting on other interoperability protocol token distributions, such as Orbiter, deBridge, Hyperlane, and Li.fi.
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