Layer2DAO is a decentralized autonomous organization focused on driving adoption of the layer 2 Ethereum ecosystem.
By advancing layer 2 technologies, it aims to accelerate the growth, scaling, and adoption of Ethereum as a whole. Layer2DAO provides incubator grants for ecosystem projects, develops rich partnership networks, and promotes community engagement. It is also an active governance participant, liquidity provider, and investor in L2 protocols.
This spotlight is somewhat of a special edition, serving as a use case spotlight, but also a grant award announcement, and a partnership announcement.
Layer2DAO has launched two new pools through GYSR on Optimism as part of their community incentive program. The first pool is a Fountain which uses the GYSR + Arrakis solution for Uniswap v3 liquidity mining; it automates position management and promotes trading liquidity for the OP/L2DAO pair, paying OP tokens as a reward. The other pool is an Aquarium which allows users to stake the L2StateOfMind NFT and earn L2DAO; this turns the NFT into a productive asset and facilitates token distribution to its holders. Both pools use a rolling reward schedule and are refilled weekly with their respective reward tokens.
Layer2DAO also recently awarded GYSR a grant to support the development of new reward mechanisms that can address a wide variety of use cases. This grant was approved by the Layer2DAO community as part of the OPIncubator program. Part of the grant will go towards incentives for projects to use GYSR on Optimism, helping teams accelerate development speed, improve safety and security, and stay focused on their core tech.
Finally, GYSR and L2DAO are excited to announce a partnership to support growth on layer 2. GYSR will provide ongoing support to the L2DAO incubator program as a launchpad and tooling layer for incentives. Additionally, L2DAO will share expertise for research and design of new incentive mechanisms and modules.
We are thrilled by the multifaceted collaboration with Layer2DAO and can’t wait to follow (and support) their mission to drive adoption of layer 2 technologies. For more information on Layer2DAO, check out their website and follow them on Twitter.
“One of the most important elements to the growth of the Ethereum layer 2 ecosystem is the expansion of tooling protocols that allow other protocols and DAOs to make L2 networks their home. GYSR fills a critical need on L2 for Uniswap v3 liquidity mining, NFT staking, and other innovative use cases.”
- Exosphere, Core team, Layer2Dao
Disclaimer: GYSR is not associated with any of the projects we profile in our spotlight series and these posts should not be seen as endorsements. We encourage readers to do their own research.
