Flywheel Development Update
Flywheel Development Update
🎡 Flywheel Goes Brrr
Layer3's core flywheel mechanism has completed its coding phase, marking a significant milestone in the platform's development. This system is designed to create a self-reinforcing cycle of user engagement and value creation.
The flywheel implementation follows months of careful planning and iterative development, focusing on creating sustainable growth mechanics.
Key components:
- User engagement tracking
- Value distribution system
- Automated reward mechanisms
- Performance optimization features
Technical implementation completed ahead of schedule, with testing phase to begin shortly.
Flywheel coded
Lot of talk about token flywheels. Will write a longer post but worth reinforcing a few things. Token flywheels are driven by two key factors: 1) Protocol demand being tightly tied to token utility 2) Token distribution, primarily through CEXs but also the number of chains
Layer3 Wallet Launches Cross-Chain Trading Feature
Layer3 Wallet has introduced native token trading functionality across multiple blockchains. The new feature eliminates the need for: - Bridge protocols - External dApps - Manual chain switching This update builds on the wallet's April launch, which introduced one-click rewards and CUBE minting. The integrated trading system aims to streamline multichain transactions into a single interface. *Key Benefits*: - Direct cross-chain swaps - Simplified user experience - Reduced transaction complexity [Try Layer3 Wallet](https://layer3.xyz)
Layer3 Milestone: 7.7M Tokens Staked & 3M+ Transactions
Layer3 continues to show significant growth in platform adoption and user engagement: - Over 7.7 million L3 tokens have been bought, staked, and locked by users to access the Layer3 Builder platform - The Layer3 Wallet has facilitated more than 3 million transactions to date - Users have earned over $38 million through platform activities *Key Metrics*: • Token Staking: 7.7M+ L3 • Transaction Volume: 3M+ • User Earnings: $38M+ These metrics demonstrate steady platform growth and increasing user participation in the Layer3 ecosystem.
WalletConnect Launches Contributors Path Campaign with Layer3
WalletConnect partners with Layer3 to launch The Contributors Path, a multi-month campaign offering 425,000 WCT (~$140k) in rewards. Key features: - 3-month program focusing on WalletConnect exploration and contribution - Rewards split: 65% for activations/streaks, 25% for raffles, 10% for social contests - Activities include staking, governance participation, and onchain actions WalletConnect serves as core infrastructure for 700+ wallets and 70K+ apps, now evolving into a decentralized network with WCT token. [Join the campaign](https://app.layer3.xyz/campaigns/walletconnect-the-contributor-path)
Mezo Pools Launch on Layer3 with 100K MEZO Prize Pool
Mezo Network has launched its pools on Layer3, offering early participants an opportunity to earn rewards. Here are the key details: - Early users can earn mats (points) - All campaign participants will share a 100K MEZO prize pool - The launch follows Mezo's recent mainnet deployment Participate in DeFi activities through the [Layer3 platform](https://app.layer3.xyz/campaigns/mezo-mainnet).