Enable WBNB/LAY3R (0.25% fee tier) V3 gauge on BNB Chain

Overview:
Proposal to enable WBNB/LAY3R (0.25% fee tier) V3 gauge on BNB Chain

Background:

  • AutoLayer is the largest restaking marketplace, integrated with EigenLayer, Symbiotic, and many leading protocols. It offers over 20 different assets, including Bitcoin and Ethereum restaking. With advanced risk-reward analytics, points management, and structured products, AutoLayer enables users to leverage multiple LRT/LST options with just one click, while maximizing and compounding their yields.

  • LAY3R is pivotal to the protocol’s ecosystem, increasing in value as the userbase expands. Currently, all transactions conducted via AutoLayer have a 0.2% fee, calculated based on transaction volume. Fees are held for a 24-hour period, after which they will be used to purchase LAY3R tokens on the open market, creating consistent buying pressure for LAY3R and rewarding stakers, enhancing their benefits.

Details
Boost Multiplier and Emission Cap %: 1.00x boost multiplier and 5% emission cap

Audits: Audit Report

Token Utility: LAY3R is pivotal to the protocol’s ecosystem, increasing in value as the userbase expands. Currently, all transactions conducted via AutoLayer have a 0.2% fee, calculated based on transaction volume. Fees are held for a 24-hour period, after which they will be used to purchase LAY3R tokens on the open market, creating consistent buying pressure for LAY3R and rewarding stakers, enhancing their benefits. LAY3R also plays an important role in achieving Community Milestones (which unlocks a certain portion of AutoLayer’s incentives and distributes them to the community), and holders will be rewarded as certain milestones are reached.

Control: It`s a multisig with 4 holders, every transaction need 2 signatures, additional security measures are in play here.

Merit: Adding the WBNB/LAY3R pair on BNB Chain will benefit PancakeSwap by boosting TVL and attract more users while they also benefit from holding LAY3R.

Links
Token address: 0xf06ce11836851d71e74e4ffefa7b73fcc8a27786
Liquidity pool address: 0xF06ce11836851d71E74e4ffeFa7b73FCc8A27786
Website: https://autolayer.io
Socials: Twitter/X, Telegram, Discord
Documentation: https://docs.autolayer.io

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Thanks for submitting your application!

After our review and internal team discussions, we believe now is not the best time to offer you a gauge. We are genuinely grateful for your timely responses to our questions and efforts in filling out the application.

However, we are keen to re-evaluate your application once LAY3R gains more traction.

Let us know if you have any comments or questions otherwise let’s revert soon!

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