Although the market is currently in a downtrend, investors can remain on pace with the market by taking part in Airdrops, testnet, or discovering potential projects without tokens. In case of luck, they can even change their position if they work hard and persevere (typically the recent huge airdrop of APTOS).
In this article, Betomon will help you learn about LayerZero and how to experience LayerZero to take a chance to receive Airdrop in the future if the project launches tokens.
LayerZero: What is it?
Blockchain developers currently have to deal with the problem of interoperability. In order to overcome such limitations, LayerZero has introduced a completely new concept known as Omnichain Dapps (odApps), which promises as one of the potential blockchain’s future interaction protocols.
LayerZero is an omnichain interoperability protocol created by LayerZero Labs that integrates decentralized applications (dapps) across different blockchains.
In addition to LayerZero, another outstanding offering from LayerZero Labs is Stargate Finance, a cross-chain protocol that enables token swapping between 7 distinct blockchains: Optimism, Ethereum, Avalanche, Polygon, BSC, Fantom, and Arbitrum.
In late March 2022, LayerZero Labs raised $135 million at a $1 billion valuation level by Andreessen Horowitz (a16z), FTX Ventures and Sequoia Capital are co-lead, with participation from Coinbase Ventures, PayPal, Tiger Global, Uniswap Labs,… Previously, in September 2021, Multicoin Capital and Binance Labs also invested $6 million in a Series A Funding round for LayerZero.
Instructions for Participating in the LayerZero Experience
Engaging in testnet LayerZero X Circle
Step1: Adding the Goerli network to Metamask wallet
- You can find out further information about this instruction if you don’t know how to add the Goerli network through this group: https://t.me/mocboc/1714
Step 2:
- Faucet ETH: https://goerlifaucet.com/or https://faucet.paradigm.xyz/
- Faucet AVAX: https://faucet.avax.network/
- Faucet USDC: https://usdcfaucet.com/
- Contract USDC Goerli testnet: 0x07865c6e87b9f70255377e024ace6630c1eaa37f
Step 3:
- Access this adress: https://usdcdemo.layerzero.network/bridge
- Link Metamask wallet to the Goerli network.
- Bridge from USDC Goerli Testnet —> Avalanche Test, select TRANSFER, then confirm on the wallet and vice versa.
During the process, if there are any issues, please visit Discord LayerZero and send a feedback: https://discord.com/invite/9AZfjY3
Bridge from ETH mainet –> ETH testnet and vice versa.
- Visit: https://testnetbridge.com
- Bridge ETH –> gETH ( you can using Arbitrum or Optimism for lower costs)
- Next, choose Liquidity & Wraps
- Select Bridge ETH from the Goerli network –> gETH from the Arbitrum or Optimism network.
Pontem Network’s Bridge on Liquidswap
To get started, prepare one of the three wallets currently supported by Liquidswap including Pontem Wallet, Petra Wallet, or Martian Wallet. I will prioritize using Pontem Wallet as an example because this is a product of Pontem Network.
Step 1: Link Metamask wallet with one of the following wallets such as Pontem Wallet, Petra Wallet, Martian Wallet (priority for use Pontem Wallet).
Step 2: Bridge
- Here, I will bridge USDC from the Aptos network to the USDC Polygon network (the payment will be less expensive, but fulfillment will take longer, roughly 3 working days.) -> select TRANSFER.
- Then, you proceed to bridge in reverse from Polygon -> Aptos (fee fluctuates around 1 MATIC and it takes about 20 minutes to finish).
Bridge on Aptos Bridge
Step 1: Go to this link: https://theaptosbridge.com/bridge
Step 2: Perform bridge process between different chains
- Select Bridge to move from Polygon to Aptos (takes 20–25 minutes, costs approximately 1 Matic. Switching back from Aptos to Polygon costs about 0.01 APT and takes about 2-3 days)
Experience at Stargate Finance
Bridge
- Access: https://stargate.finance/transfer
- Choose Bridge from one chain to another chain (you can bridge from Polygon -> Arbitrum or other chains so that the fee will be cheaper)
Add Liquidity
- Access: https://stargate.finance/pool–> provide liquidity
Vote DAO Stargate Finance
Step 1: Before that, you need to prepare some STG in your wallet ( I bought on Uniswap at Arbitrum network and 1-2$ STG)
Contract STG:
- Arbitrum: 0x6694340fc020c5e6b96567843da2df01b2ce1eb6
- BNB Smart Chain: 0xb0d502e938ed5f4df2e681fe6e419ff29631d62b
- Polygon: 0x2f6f07cdcf3588944bf4c42ac74ff24bf56e7590
Step 2: Visit: https://stargate.finance/stake and Stake STG
- To stake, you need to choose the amount of STG to stake and the number of months to lock (1-2$ STG and can lock for 6 months, 12 months,…)
Step 3: Join Vote DAO at https://snapshot.org/#/stgdao.eth
The above events are just illustrative examples. At present, the voting time for previous projects has expired so please wait for another time!
For further reference:
- In addition, I will buy enough quantity to stake and lock for a certain period to have at least 25 veSTG (to have a role discord on Stargate Finance, you can refer to this approach depending on your financial situation.
- To stake, the steps are the same as the directions above (depending on the number of stakes and lock time to receive the corresponding number of veSTG, the Role of Stargate Finance requires at least 25 veSTG)
- After that, you can access Discord: https://stargate.finance/discord
- In the Guild Join section -> Select Join Stragate Finance -> Views Details to access the Guild link and check your Role.
In conclusion
In the post, Betomon explained to you how to use LayerZero products in order to be eligible for receiving an airdrop if the project releases tokens. We hope that you will make the most of the experience and have the luck to get an airdrop when the project offers tokens in the future.
>>> A-Z Instruction for airdrop hunting from B² project
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