Thread by @OlimpioCrypto on Thread Reader App

olimpio.eth ⚡️ Profile picture
olimpio.eth ⚡️ Profile picture

Missed $DYDX, $OP, $UNI, $ENS, and $RBN airdrops?

$ZRO (not confirmed) has similar potential, and hasn't been disclosed too much in the community.

I am talking about @LayerZero_Labs

Alpha leak below 🧙‍♂️🧵**

Quick Intromission 📢

I'm part of @earndrop_io's team

It's a site where you enter your wallet and it shows if you have airdrops to claim 🪂

Also, with a free account, you can monitor 2 wallets and receive emails as soon as new airdrops launch

Try it: earndrop.io **

1/9
What is Layer Zero?

• A new dimension of crypto bridging
• Omnichain Interoperability Protocol
• Aims to connect all the EVM chains
• With the goal to unify liquidity pools

Instead of a middle chain, they use an Oracle & the Relayer

More: layerzero.network/pdf/LayerZero_… **

2/9
Who has skin in the game?

• LayerZero Labs raised $135M in funding

• a16z, Coinbase, FTX, and Binance are in

Note that one of the investors is PayPal Ventures
(L0 is their first web3 project in their portfolio)**

4/9
What do we know about $ZRO?

Not much, there is not even a confirmation that it's coming.

However...

• You can find $ZRO information in their code snippet
• $ZRO would potentially be used to pay for gas fees on their native blockchain

🔗 layerzero.gitbook.io/docs/guides/in… **

5/9
Airdrop? We don't know IF... yet.

• The first protocol built on L0 is @StargateFinance
• Getting $ZRO may require Stargate-related actions

You can now stake $STG, use the protocol, vote in DAO: snapshot.org/#/stgdao.eth

Tip: using projects building on L0 may also pay off.**

6/9
Alpha protocol: @rage_trade

• An omnichain ETH perp using the stack from L0
• Backed by @Tetranode, 3AC, and Anthony Pompliano

• Status: live on mainnet, no token yet
• Strategy: trade with leverage (careful) & deposit into a vault

DYOR on risks 🚨**

7/9
Back to LayerZero:

• Recently, they launched a multichain block explorer
🔗 layerzeroscan.com

• L0 has also partnershipped with Circle
🔗 usdcdemo.layerzero.network (testnet)

Use the features, anon!**

8/9
Who will use the L0 stack?

Here are 5 most popular use cases:

• Tech solution backing multichain games
• Mulitichain lending & borrowing market
• Arbitrage multichain bots
• Multichain LQ for DEXs
• Mulitichain NFTs**

9/9
Smart guys sit in L0.

If I were them, I would wait for the better market condition for any token movements.

Keep this protocol under your radar and let's see how it evolves ⚡️**

🤖 FOR @elonmusk'S ALGORITHM 🤖

Follow me @OlimpioCrypto for alpha.

Interact with my first tweet below to signal Twitter bots that my research is valuable 👇

https://twitter.com/OlimpioCrypto/status/1580543897222070273

**

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