What is Layer3 ($L3)?

One protocol attracts millions of users and helps newbies and seasoned DeFi pros navigate the evergrowing world of Web3 to learn, earn and explore the enormous selection of networks and protocols.

This is Layer3, the most popular Web3 quest platform in existence.

What is Layer3?

Layer3 is the leading Web3 quest and gamified DeFi education protocol that was founded in 2021 with the mission to enable users to learn and earn across an enormous array of blockchain networks and applications. Exploring DeFi has never been easier and more rewarding!

The Layer3 protocol is a perfect starting point for new users and even those who are experienced in the world of DeFi. Layer3 is a quest platform for users to earn XP and obtain CUBEs which are on-chain credentials proving your completion of different tasks.

How Does Layer3 Work?

For every completed quest, users will gain XP and mint CUBEs to progress their overall Layer3 level. The higher the level and the more CUBEs you own, the better the on-chain reputation you will have, enabling you to gain access to exclusive quests and rewards.

After 3 years of existence, Layer3 has an average of 1M active users completing over 40M quests across 25 major blockchains including Ethereum, Base, Polygon, Solana, Zetachain, Cosmos and many more. Layer3 has become the ultimate omnichain protocol for everyone participating, whether a user or developer.

Why Layer3?

Introducing newcomers to the realm of DeFi can be daunting, even for experienced users and therefore Layer3 created a platform where users can learn and earn simultaneously. The Layer3 protocol enables users to find new and popular protocols across leading and upcoming blockchains.

Layer3 is also notorious for qualifying users for many airdrops including zkSync, LayerZero, Blast and many more due to the quests available on Layer3. With a huge user base, Layer3 proves that Web3 needs an omnichain hub for the exploration of decentralized applications.

How To Use Layer3

Famous for its simplicity, getting started on Layer3 could never be easier. To get started, users will need to sign up and connect one or more non-custodial wallets to connect to Layer3 which will enable users to interact with both Layer3 quests and DeFi applications simultaneously to earn XP and mintable CUBEs.

After signing up and connecting a DeFi wallet, users must ensure they have assets to perform onchain transactions on the networks they are exploring. The goal from here is to learn and earn as much as possible by completing quests and minting CUBEs which translate to native and third-party rewards.

If you’re interested in Layer3 tutorials, feel free to check out our YouTube Channel!

Layer 3 Partners and Backing

Since its inception, Layer3 has received backing from major VCs and investors such as Electric Capital, ParaFi Capital, Polygon’s founder Sandeep Nailwal and many others.

Layer3 has also partnered up with some of the biggest and best protocols in Web3 to deliver the ultimate DeFi experience including recognizable protocols such as Uniswap, Aave, SyncSwap, Farcaster, Jupiter Exchange and many more that span across the 25 connected blockchain networks.

Layer3 Token ($L3)

Recently, after two completed seasons and snapshots, the $L3 token was successfully airdropped to its most loyal users. $L3 is the native token to the entire protocol which will be used to participate in the governance and also access unique features on the Layer3 app such as staking, burning and more soon to come!

Although $L3 has been airdropped, there is still another chance to obtain the next Layer3 airdrop by participating in the third season. To claim your piece of the cake, users need to complete quests and stake $L3 in order to qualify. The more quests you complete and the more $L3 staked, the more you earn once the third airdrop has concluded.

How To Buy Layer3 ($L3)

There are two main ways to buy $L3, either by using a centralized or decentralized exchange.

Option 1- Centralised Exchange

$L3 is available on many popular centralized exchanges (CEX) and can be bought using FIAT currencies. $L3 can also be withdrawn from your CEX to your non-custodial EVM-compatible wallet (e.g. Metamask). Here are a few CEXs listed below which have listed the $L3 token:

• ByBit - EARN UP TO $30K in DEPOSIT BONUSES
• BitGet - Trade on BitGet and receive 0% Deposit Cashback + $5,000 DEPOSIT BONUSES
• MEXC - Deposit & Trade to Earn $20,000!
  

Although there are more centralized exchanges to buy $L3 tokens, these are three popular choices.

Option 2 - DeFi Wallet & Decentralized Exchange

To obtain the $L3 token through a decentralized exchange, one must first hold Ethereum ($ETH), the native token to the Ethereum network that is used for transactional fees. Any token compatible with the Ethereum ecosystem can be swapped and traded for the $L3 token (e.g. $USDC/$USDT).

The most popular DEX on the Ethereum network is Uniswap which has the most liquidity to facilitate small or large trades. Although there are other exchanges, Uniswap is one of the most popular exchanges to swap assets on Ethereum and EVM-compatible networks!

Uniswap Website

Conclusion

According to CoinMarketCap, at the time of writing, $L3 is currently trading at $0.049 with a minuscule market cap of $18.28M. The $L3 token was launched in rough unexpected market conditions and has not been in existence for very long, therefore this could be a good opportunity for the $L3 token and the protocol.

As we enter the bull run and more users are entering the expansive world of Web3, Layer3 will be a go-to hub where people can learn and earn for almost every move and transaction they make. Layer3 opens the gates of opportunity to everyone and the bull run is almost upon us…

Official Layer3 Links

Layer3 Website (Referral)

Layer3 X

Layer3 Foundation X

Disclaimer

The content provided in this article is strictly intended for informational purposes. Nothing said in this article is financial advice. It is important to proceed with caution and diligence when using cryptocurrencies. Always invest what you are prepared to lose and remember that you are entirely responsible for your assets and investments. The author and the publication do not endorse or recommend any of the cryptocurrencies, protocols or strategies in this article.