Project Overview
Project Name
LayerZero
Project description
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness.
Stargate – In addition to the core message protocol design, LayerZero Labs has designed its own liquidity transport protocol to actually operationalize the functionality of LayerZero. Stargate is an interface that can be used to transfer native assets across blockchains and access unified cross chain liquidity pools. This allows for extremely dynamic liquidity farming. Stargate token ($STG) holders can stake their tokens to receive veSTG tokens that can be used for Stargate governance voting.
Official Links
- Website – https://layerzero.network/
- White Paper – https://layerzero.network/pdf/LayerZero_Whitepaper_Release.pdf
- Gitbook – https://layerzero.gitbook.io/docs/
- Discord – https://discord-layerzero.netlify.app/discord
- Twitter – https://twitter.com/LayerZero_Labs
- Medium – https://medium.com/layerzero-official
- Telegram – https://t.me/joinchat/VcqxYkStIDsyN2Rh
- LayerZero Scan – https://layerzeroscan.com/
- Stargate Website – https://stargate.finance/
- Stargate White Paper – https://www.dropbox.com/s/gf3606jedromp61/Delta-Solving.The.Bridging-Trilemma.pdf
- Stargate Twitter – https://twitter.com/StargateFinance
Token
$ZRO
Tokenomics
There is no published description of tokenomics for the LayerZero token ($ZRO).
Roadmap
There is no published roadmap for LayerZero
Funding
LayerZero has been able to generate several impressive rounds of funding which is a testament to the strength of the founders and the strong product market fit of their innovative product. Promisingly the supporters include some entities which are not purely crypto-focused such as Samsung and other entities which may end up implementing LayerZero as part of their operations such as OpenSea and Uniswap.
Previous rounds
Series B
Raised $120 million at $3 billion valuation in April 2023.
Series A+
Raised $135 million at $1 billion valuation in March 2022.
Series A
Raised $6.3 million in September 2021 at an undisclosed valuation.
Seed
Raised $2 million in April 2021 at an undisclosed valuation
Deal Terms
Deal type
SAFE + token warrants
Deal details
The LayerZero opportunity is a SAFE deal with token warrants for both the LayerZero token (1:1) and Stargate token (2:1).
The 1:1 token warrant means 1 part equity and 1 part tokens, 2:1 means 2 parts equity and 1 part tokens.
Pricing model
The SAFE Agreement is at a 2.65 Billion dollar valuation which is a significant discount from the recent 3 Billion dollar Series C round led by a16z and other impressive VC funds.
Reassignment
GP / LP with a SPV
Total lot size
$1 000 000
Minimum deal size
$500 000
Commission for buyer
10% fee