LayerZero is a project that provides infrastructure support for decentralized applications across blockchains that can interact in a multi-chain (Omnichain) environment.
Total raised $293.3 Million with a valuation up to $3 billion. Backed by a16z, Sequoia Capital, Samsung Next, Binance Labs, and other investors. The project raised almost double the funds compared to Arbitrum ($143M), hence there is a high possibility of a significant airdrop round🪂
🎯In this article, I will guide you through three LayerZero airdrop strategies.
Stargate
Stargate Finance is a Cross-Chain Bridge built on the LayerZero framework. It serves as the pioneer decentralized application (dapp) operating on LayerZero.
This task is the most crucial one that you must complete when participating in the LayerZero airdrop. You may skip other tasks, but this one cannot be skipped🚨
Bridge
✧ Go to https://stargate.finance/transfer
✧ Bridge token from any chain to any chain (ETH, DAI, USDT,…)
Focus on Volume and Quality in this task🎯
Stake
To stake, you will need some STG
✧ CoinMarketCap: https://coinmarketcap.com/currencies/stargate-finance/ and copy that contract address
✧ Go to Uniswap: https://app.uniswap.org/#/swap
✧ Paste the contract address and swap for some ETH
✧ Go to https://stargate.finance/stake and connect your wallet
You should see your balance and how many you can stake, stake for a period of time decided by you.
VoteDAO
✧ Go to Stargate DAO: https://snapshot.org/#/stgdao.eth
✧ Join the DAO after that you should be able to vote on new proposals that come up
Testnet Bridge
This bridge is powered by Layerzero
✧ Go to https://testnetbridge.com/
✧ Swap GETH (Ethereum Mainnet)
✧ Add Liquidity Pool (Ethereum Mainnet)
✧ Transfer ETH (Ethereum Mainnet) ➭ GETH Goërli
✧ Transfer ETH (Ethereum Mainnet) ➭ METH Goërli
✧ Add Liquidity Pool Goërli
Holograph
Holograph utilizes the technology of LayerZero to expand the accessibility of NFTs, DEX, and other decentralized financial (DeFi) applications.
10% of the supply is for "Public distribution". How to be eligible for airdrop👇
Create NFT
✧ Go to: https://app.holograph.xyz
✧ Connect wallet (Abritrum for low gas fees)
✧ Go to "Create" and fill in the collection details
✧ Click on "Save" ➭ "Deploy" button
✧ Select the network to deploy on and confirm the transaction✅
Bridge NFT
✧ Go to "Bridge" -> "NFT Bridge" section
✧ Select initial & final networks
✧ Select available NFT to bridge
✧ Click on "Bridge" button
Check Sybil
You can check if you have Sybil through the following link, just check it out:
✧ Access: https://dune.com/kzdn-club/l0-sybil-score
✧ Register for a Dune account
✧ Paste the wallet address in the address field
✧ In the Run box in the top right corner, select Large and then click run
✧ See what your wallet is tagged (real user is okay)
Conclusion
Through this article, Gem Insights has provided you with fundamental information about LayerZero and guided you with three strategies. You should focus on Stargate Finance. Good luck!✨
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