The Web3 landscape is rapidly evolving, with platforms emerging to bridge the gap between users and decentralized applications. Among them, Layer3 stands out as a powerful community-driven protocol focused on engagement, rewards, and governance. With its native L3 token, Layer3 empowers users to participate in ecosystem growth while earning tangible incentives through staking, task completion, and network participation.
This article explores Layer3’s core functionality, the utility of the L3 token, and how you can begin farming L3 via the Bybit Launchpool—a limited-time opportunity for early adopters.
What Is Layer3?
Layer3 is a Web3 engagement platform launched in 2021 to enhance user interaction across blockchain ecosystems. It functions as a decentralized engagement layer that connects users with high-potential Web3 projects through gamified tasks, rewards, and community building.
By combining on-chain actions with off-chain verification, Layer3 enables users to complete quests—such as minting NFTs, providing liquidity, or interacting with dApps—and earn experience points, digital badges, NFTs, and token airdrops. This model not only boosts user retention but also drives meaningful traffic to partner protocols.
To date, Layer3 has facilitated over 120 million transactions across 500+ ecosystems, including major networks like Ethereum, Base, Arbitrum, zkSync, and Solana. Its collaborations with leading projects such as Aave and Uniswap have solidified its position as a key player in Web3 user acquisition and retention.
👉 Discover how you can start earning Web3 rewards today.
Core Features of Layer3
Gamified User Engagement
Layer3 operates similarly to a decentralized advertising and engagement engine. Projects launch campaigns on the platform by creating quests—simple or complex tasks designed to drive specific user behaviors. In return, participants earn:
- Experience points (XP)
- Achievement badges
- NFT collectibles
- Token airdrops
This gamification strategy encourages exploration and deeper involvement in the Web3 space, helping users discover new protocols while being rewarded for their activity.
Multi-Chain Support
One of Layer3’s key strengths is its multi-network compatibility. It supports Ethereum and its Layer 2 solutions (like Base and Arbitrum), as well as EVM-compatible chains and non-EVM networks such as Solana. This broad reach ensures that users aren’t confined to a single blockchain and can engage with diverse ecosystems seamlessly.
Community-First Tokenomics
With the introduction of the L3 token, Layer3 transitions into a fully community-governed protocol. A total of 51% of the token supply is allocated to the community, emphasizing decentralization and long-term user ownership.
A Genesis airdrop was conducted in early 2024 for early contributors and active participants, reinforcing the project’s commitment to rewarding genuine engagement.
The L3 Token: Utility and Distribution
- Token Name: L3
- Blockchain: Ethereum (ERC-20)
- Max Supply: 3,333,333,333 L3
- Launch Year: 2024 (token), 2021 (project)
- Official Site: layer3.xyz
- Documentation: docs.layer3foundation.org
Key Uses of L3
The L3 token serves multiple critical functions within the ecosystem:
- Governance: Token holders can vote on protocol upgrades, treasury allocations, and new feature implementations.
- Staking Rewards: Users who stake L3 earn yield and boost their engagement rewards.
- Quest Deployment: Communities can burn L3 tokens to launch custom quests and campaigns.
- Utility Multipliers: Holding or staking L3 increases reward rates from completed tasks.
How to Stake L3 Tokens
Staking L3 is a straightforward process that allows holders to earn passive income while supporting network security and decentralization.
Step-by-Step Staking Guide
- Go to staking.layer3.xyz and connect your wallet (e.g., MetaMask).
- Click New Stake and enter the amount of L3 you wish to stake.
- (Optional) Select a lock-up period to receive a higher APY.
- Confirm the transaction—rewards begin accruing immediately.
You can maintain multiple stakes with different durations and amounts. All staked balances and earned rewards are displayed in real time under the Staked + Rewards section.
Rewards can be claimed at any time and withdrawn directly to your wallet. There are no penalties for early unstaking, although longer lock-ups yield better returns.
👉 Learn how staking can boost your crypto earnings potential.
Farm L3 Tokens on Bybit Launchpool
A major milestone for Layer3 was its inclusion in the Bybit Launchpool, running from July 30 to August 6, 2024. This event allowed users to stake selected assets and earn a share of 16,663,667 L3 tokens.
Launchpool Details
Users could stake any of the following assets:
| Asset | Reward Pool | Min Stake | Max Stake |
|---|---|---|---|
| L3 | 5,000,000 L3 | 3,500 L3 | 166,667 L3 |
| MNT | 3,333,333 L3 | 100 MNT | 5,000 MNT |
| USDT | 8,333,334 L3 | 100 USDT | 2,000 USDT |
Note: All hyperlinks have been removed except for approved anchor text.
VIP users received additional APR bonuses based on their tier level.
Bonus Opportunities
An extra 2,060,000 L3 tokens were distributed through Token Splash, a task-based reward program. Users completed simple social or trading tasks to qualify.
Additionally, participants earned 100 L3 per successful referral, incentivizing community growth during the campaign.
Where to Buy, Sell, and Store L3
Starting July 30, 2024, L3 became available for trading on Bybit’s spot market, supporting manual trades and automated strategies via grid bots.
- Deposits opened: July 29
- Withdrawals opened: July 31
- Network: Ethereum (ERC-20)
Recommended Wallets for Storing L3
As an ERC-20 token, L3 can be stored in any Ethereum-compatible wallet:
- OKX Wallet
- Bybit Wallet
- SafePal
- Tangem
- MetaMask
For maximum security, hardware wallets like Ledger or Trezor are recommended for long-term holdings.
Frequently Asked Questions (FAQ)
What is the purpose of the L3 token?
The L3 token enables governance voting, staking rewards, quest creation through token burning, and enhanced utility for active users within the Layer3 ecosystem.
Can I stake L3 without locking it?
Yes. You can stake L3 without a lock-up period and still earn base rewards. However, choosing a longer lock-up increases your APY significantly.
How was the Genesis airdrop distributed?
The Genesis airdrop rewarded early users who had consistently engaged with quests and contributed to the platform before 2024. Eligibility was based on activity history and XP earned.
Is Layer3 only for advanced crypto users?
No. Layer3 is designed for both beginners and experienced users. The interface is intuitive, and most tasks come with clear instructions, making it easy to start earning in Web3.
Can I participate in Launchpool without owning L3?
Yes. During the Bybit Launchpool event, users could stake USDT or MNT to earn L3 tokens—even if they didn’t already hold any.
What makes Layer3 different from other Web3 engagement platforms?
Layer3 combines multi-chain support, gamified learning, real economic rewards, and community governance. Its proven track record of driving millions of interactions across top-tier ecosystems sets it apart as a scalable engagement layer for Web3.
Final Thoughts
Layer3 represents a new paradigm in Web3 user engagement—one where participation is not only encouraged but financially rewarded. With strong traction across major blockchains, strategic partnerships, and a community-centric token model, Layer3 is positioned to become a central hub for discovering and interacting with decentralized applications.
The launch of the L3 token and its availability through platforms like Bybit Launchpool marks a pivotal step toward decentralization and long-term sustainability.
Whether you're interested in earning through staking, completing quests, or shaping the platform’s future through governance, Layer3 offers multiple entry points for meaningful involvement in the evolving Web3 economy.