Dymension Launches Season 2 Genesis Rolldrop to Boost Universal Settlement Layer Transition

Dymension, a Layer 1 blockchain, has launched the second season of its Genesis Rolldrop, a token airdrop program aimed at rewarding eligible participants who have staked DYM tokens. This initiative is part of Dymension's broader strategy to evolve into a Universal Settlement Layer, aligning with its upcoming Beyond upgrade.

The second season of the Genesis Rolldrop is designed to incentivize a wide range of participants, including long-term DYM supporters, active protocol users, developers, and other contributors. The program rewards onchain activities with DYMONDs, which are non-transferable points that can be exchanged for DYM tokens during specific claim windows. The first phase, Wave 1, is currently underway and targets "Dymond Hands"—participants who have continuously staked a minimum of 17 DYM tokens since June 2024 without unstaking. Future waves will have varying eligibility criteria and will be announced as the campaign progresses.

To ensure fairness, DYMONDs will only begin accumulating after the conclusion of Wave 1 registration, allowing all eligible early participants to start on an equal footing. The program tracks various qualifying onchain behaviors, such as IRO trading, USDC deposits, bridge liquidity provisioning, DEX liquidity provision, and contributions to custom RollApps. Participants can monitor their DYMOND balances in real time through the platform’s dedicated Portal interface.

Season 2 introduces several mechanisms to enhance participant engagement and rewards. A referral system allows participants to earn additional DYMONDs by inviting new users, with the referring user receiving 10% of the DYMONDs earned by their invitees. The program also includes a staking-based multiplier that can increase rewards by up to five times, benefiting users who maintain long-term staking positions. Additionally, the Dymension Foundation plans to allocate part of its staked DYM to support builders, offering endorsements and grants to incentivize continued development within the Dymension ecosystem.

The Season 2 airdrop is a strategic move by Dymension to foster community engagement and support its transition toward becoming a Universal Settlement Layer. By rewarding a broad range of participants for their onchain activities, Dymension aims to strengthen its ecosystem and encourage continued participation and development. The multi-phase structure of the airdrop ensures that various groups of users are incentivized, from long-term supporters to active developers, creating a more robust and engaged community.

The Beyond upgrade is expected to allow developers to deploy a rollup on top of any base chain, with Dymension serving as the validating bridge. This solution supports deposits, secures withdrawals, and resolves disputes, enabling projects to run their own chain on their own terms without the complexities of maintaining security and attracting liquidity. If successful, the Beyond upgrade will help scale the multichain ecosystem by reducing L1 congestion and positioning Dymension as the launchpad for a wave of rollups optimized for unique use cases, ranging from privacy to gaming.