AltLayer

AltLayer

Ended

AltLayer's ALT token launched on Binance on 25 January 2024 with a Season One airdrop for NFT holders, restakers and stakers. The claim site closed on 25 February 2024.

Airdrop Details

Reward Type ALT (Season One)
Blockchain Network AltLayer (restaked rollups)
Industry / Category Infrastructure / Rollups
Ecosystem AltLayer (restaked rollups)
Time Required ~ 10 Minutes
Eligibility Task Based
End Date 25 Feb 2024

About The Project

AltLayer is a project for launching "restaked rollups", rollups secured by EigenLayer restaking. Its airdrop is explained in its own post, AltLayer Airdrop Season One.

Earlier text on this page described an open airdrop.

Why This Airdrop Matters

The token launched on Binance on 25 January 2024. The claim site ran for one month, until 25 February 2024, and unclaimed tokens returned to AltLayer's treasury after the claim period. Recipients included OG Badge and Oh Ottie NFT holders (1,768 Oh Ottie NFTs were counted), Altitude participants, EigenLayer restakers and Celestia stakers.

AltLayer set aside a dedicated pool for the restaking community, with tiers based on "Restaked Points". It said it obtained that data from the EigenLayer team and from Renzo, Ether.fi and KelpDAO. Celestia stakers were to get access later through a portal for staked TIA.

The sybil rules were stricter than most. Wallet addresses with the same source of funding were disqualified altogether, and AltLayer gave the example of clusters of more than ten wallets funded from one non-faucet treasury that trade in sync. Over 1 million non-sybil addresses qualified across phases of the Altitude campaign. The team also said more incentives were planned for partners adopting restaked rollups.

Disqualifying entire clusters is harsh on families, friends or teams who share a funding source, and it can catch legitimate users. It is also a strong deterrent to farmers, which is the intent.

Rewarding restakers makes the airdrop part of a wider effort to attract EigenLayer's user base to new products, and shows how much of this field is shared audiences.

One more consideration is that ALT's airdrop was tied to another project's data. Using Restaked Points from EigenLayer and its partners meant the reward depended on figures AltLayer did not produce itself, which is efficient but also means errors or disputes in the source data flow into the result. When a drop relies on other teams' records, check which sources were used and whether they were published, so you can verify your own score.

Participation Guide

The claim has closed. If you received ALT, check AltLayer's documentation for vesting and any later seasons. Restaking exposes funds to extra smart-contract and slashing risk, so read the terms before using restaked products. Check any "Season Two" claim page against the official blog before connecting a wallet.

Step 1

Connect Wallet

Connect your wallet using only official verified links.

Step 2

Join Community

Follow social accounts and join community channels.

Step 3

Complete Tasks

Execute platform tasks, quests, or testnet actions to earn points.

Final

Claim Rewards

Track your eligibility and wait for the official claim dates.

Detailed Tasks Requirements

  • ALT launched on Binance on 25 January 2024.
  • The claim closed on 25 February 2024.
  • Wallets sharing a funding source were disqualified.
Claim Airdrop

Frequently Asked Questions

NFT holders, Altitude participants, EigenLayer restakers and Celestia stakers.

25 February 2024.

Wallets with the same funding source were disqualified, including synchronised clusters of 10+ wallets.

Back to AltLayer's treasury.

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