StarkNet is a Layer 2 solution on the Ethereum network employing zk Rollup technology, allowing any dApp to function while ensuring transactions are conducted as the ecosystem scales. The project total raised $273 million in funding from Sequoia, Pantera, and other investors.
In this article, we will guide you on participating in the retroactive activities of StarkNet – a top Layer 2 zk Rollup in the current landscape with a cost of only $25.
GUIDE
Step 1: Setup your ArgentX Wallet
✧ Download ArgentX Wallet here: argent.to/x
✧ Create a wallet and Recovery Phrase
Step 2: Bridge ETH to StarkNet
✧ Go to the official bridge: https://starkgate.starknet.io
✧ Connect your wallets (ArgentX & Metamask)
✧ Transfer ETH from Ethereum to StarkNet
Cost ~ $2 - $5
❗️In this step, focus on volume and quality in each bridge attempt to avoid Sybil attacks
Step 3: Register a domain via Braavos
✧ Download Braavos wallet: https://braavos.app/
✧ Open & go to Account Settings
✧ Set up your account on-chain
✧ Click on “Register braavos.stark domain”
✧ Click on "Register" (Cost $2 ~ $3)
Step 4: Swap and add liquidity (mySwap & JediSwap)
These two DEX platforms are leading the StarkNet Ecosystem
Check on ➡️ Defillama
✧ Go to https://www.myswap.xyz/ or https://www.jediswap.xyz/
✧ Swap ETH for USDC
✧ Deposit into the pool (2 txs ~ $2)
Step 5: Supply and Borrow via zkLend
✧ Go to https://app.zklend.com/markets
✧ Supply and Borrow ETH (2 txs ~ $2)
Step 6: Register domain .stark via StarknetID
✧ Go to https://app.starknet.id/
✧ Register the domain you like
✧ 1-year cost around 15$
Conclusion
Through this article, Gem Insights has provided you with fundamental information about StarkNet and guided you on how to experience the project✨
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