Layer Zero

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