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LayerZero Airdrop: How to Get in on ZRO ICO

Published July 6, 2023 2:28 PM
Teuta Franjkovic
Published July 6, 2023 2:28 PM
Key Takeaways
  • An omnichain interoperability protocol called LayerZero is intended for quick message transmission between chains
  • In spite of LayerZero’s launch of the “STG” token, it is not the main token utilized for its cross-stream infrastructure
  • The STG token is only used for the Stargate Finance bridge, which is one application that runs on LayerZero
  • Although the LayerZero token has not yet been published, the community is quite eager for its launch, which will probably include an airdrop

An omnichain interoperability protocol called LayerZero is intended for quick message transmission between chains and its airdrop seems to be only a question of time. Delivering messages authentically and reliably is ensured by LayerZero, and trustlessness can be customized.

Although LayerZero does not now have its own token, it is quite likely that they will do so in the future given their total funding of $173.3 million from sources including now infamous Alameda Research  and Andreessen Horowitz . If they establish their own token and use dApps based on LayerZero, users may receive an airdrop.

Who is the Team Behind LayerZero?

A Vancouver-based business called LayerZero Labs created the LayerZero protocols to enable omnichain decentralized applications on several blockchains. Bryan Pellegrino, Ryan Zarick, and Caleb Banister all contributed to the establishment of the business in 2021. In the University of New Hampshire’s computer network research labs, the three have collaborated.

How to Receive Potential LayerZero Token Airdrop?

Here’s how you can get a potential LayerZero ($ZRO) token airdrop:

Stake and Vote $STG on Stargate Finance

  • Purchase Stargate’s $STG token on centralized exchanges like Bybit and Binance or decentralized exchanges like Uniswap and PancakeSwap (for as little as $0.74). You might want to stake at least 25 $STG because some guild roles require at least 25 $veSTG.
  • Use Stargate’s staking page at https://stargate.finance/stake  to stake your $STG tokens for voting power. The staking period may last one to three years. To increase your $STG yields, you may also browse the pools and farms on the staking page.
  • Consistently vote on legislation pertaining to governance at https://snapshot.org/#/stgdao.eth . Doing this will include you in the snapshot that may allow you to get $ZRO airdrops. To ensure you don’t miss any voting opportunities, choose “Turn On My Notifications”.

    Interact with Stargate Bridge on LayerZero

To generate volume, use dApps like Stargate Finance’s Stargate Bridge  to repeatedly bridge your cash between networks. After choosing the “from” token and network and the “to” token and network, you just need to confirm your transaction.

Use the Rage Trade

Built on Arbitrum and LayerZero, Rage Trade  is a double-legged trading protocol that provides a permanent ETH swap and a USDC yield-farming product. As a result, connecting with Rage Trade might make you eligible for three airdrops at once! Simply trade, deposit, and stake on Rage Trade’s site to use it. Contribute as well to the Rage Trade neighborhood.

Use the BitcoinBridge

Using BitcoinBridge , users may send and receive BTC.b., a new kind of wrapped Bitcoin that may be utilized on the Avalanche Network. The Avalanche Bridge is used to transport it to Avalanche. This makes it simple to employ Bitcoin across several networks utilizing LayerZero’s assistance. For those on a tight budget, BitcoinBridge is a good method to engage with the LayerZero ecosystem. On BitcoinBridge, 20 transactions will only cost about $15.

Use LEVEL Finance Bridge

Built by seasoned entrepreneurs and contributors, LEVEL Finance  is a decentralized perpetual exchange on the BNB Chain that offers risk management solutions for liquidity providers. You must purchase LEVEL’s native $LVL token on DEXs like Uniswap or Pancakeswap in order to use LEVEL. After that, go to LEVEL Bridge and bridge $LVL tokens between Arbitrum and BNB Chain. You will need either BNB or ETH to pay for gas, depending on which way you are bridging.

Use LiquidSwap Bridge

Visit bridge.liquidswap.com  and bridge USDT, ETH, from Arbitrum or Ethereum to the Aptos network. Connect your EVM (such as MetaMask) and Aptos wallets (such as Martian wallet), then select the cryptocurrency and network you want to use to bridge tokens from Ethereum/Arbitrum to Aptos and vice versa. Please take note that you must use Aptos $APT tokens to pay for gas.

Use SushiSwap Cross-Chain Swap

SushiSwap unveiled SushiXSwap , which is based on the Stargate protocol from LayerZero. Without needing a bridge, you can exchange tokens directly with another network. Users are, therefore, probably eligible for an airdrop of $ZRO tokens!

Use Aptos Bridge

The LayerZero-powered Aptos Bridge  was just introduced by Aptos. From Ethereum, Arbitrum, Optimism, Avalanche, Polygon, and BSC, you can transfer USDC, USDT, and ETH to the Aptos network. Select the number of cryptocurrencies and networks you want to utilize, then connect your EVM (such as MetaMask) and Aptos wallets (such as Martian wallet).

However, keep in mind that if you wish to take your money out of the Aptos ecosystem, there is a 3-day transfer window. Gas fees must also be paid in Aptos $APT tokens. Transfer USDC from the BNB Chain to the Aptos network to use the Aptos Bridge for the cheapest possible gas costs. You must pay USDC and BNB to your EVM wallet (such as MetaMask) as gas fees in order to accomplish this.

Additionally, you’ll need to send some $APT as gas money to your Martain wallet.

Use USDC LayerZero Bridge

You can use the USDC LayerZero bridge (https://usdcdemo.layerzero.network/bridge ) to transfer USDC between EVM chains.

  • USDC Goerli Contract Address: 0x07865c6E87B9F70255377e024ace6630C1Eaa37F
  • USDC Avax Contract Address: 0x5425890298aed601595a70AB815c96711a31Bc65

    Use Altitude

Altitude  ($ALTD) is a LayerZero-based dApp created to help DeFi users move assets quickly and cheaply while also providing additional security measures. When their mainnet debuts, Altitude will launch both their $ALTD token and an airdrop.

Interact with other dApps on LayerZero

On LayerZero, you can also communicate with dApps like Holograph, Mugen Finance, Radiant Capital, Omni X, or Angle Protocol. You can exchange assets, perform small trades, deposit money, and provide liquidity. It is very conceivable that LayerZero will reward users who actually participate in the ecosystem by using it actively and frequently.