LayerZero and Anvil Protocol Share Details on Crypto Airdrop Distribution

Among the latest news are massive announcements from LayerZero Labs and Anvil Protocol, each unveiling plans related to upcoming crypto airdrop distributions. 

These events highlight the ongoing innovations and strategic expansions within decentralized finance (DeFi).

Crypto Airdrop Update: LayerZero and Anvil 

LayerZero Labs recently announced the completion of a crucial snapshot tied to an upcoming crypto airdrop. This event, marking a pivotal moment in blockchain interoperability, was captured at precisely 11:59:59 PM UTC on May 1, 2024. This initiative aims to incentivize participation and decentralize governance within its network.

Likewise, Anvil Protocol made headlines by initiating the first phase of its mainnet launch. This DeFi protocol is gearing up to release its governance token, ANVL. Furthermore, with a total supply of 100 billion tokens, ANVL will play a critical role in protocol governance and operational updates. 

The token could launch after a comprehensive third audit, enhancing its reliability and security.

“Anvil has been designed as an extensible collateral primitive for DeFi. As such, the protocol will incorporate decentralized governance through the ANVL token, with ownership in the hands of the community,” Anvil Protocol wrote.

Anvil’s token distribution includes a neat snapshot process. Indeed, it will occur at an Ethereum block height of 20,000,000 around June 1, 2024. This process will determine eligibility for the ANVL token claim, ensuring fair and transparent distribution based on user participation.

Read more: Best Upcoming Airdrops in 2024

Both LayerZero and Anvil have emphasized transparency and user engagement in their operations. These developments suggest an evolving trend in which crypto protocols leverage token-based ecosystems to foster user-centric governance and increase network security.