# Thread by @OlimpioCrypto on Thread Reader App

By [nansen](https://paragraph.com/@0000x) · 2022-10-13

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![olimpio.eth ⚡️ Profile picture](https://storage.googleapis.com/papyrus_images/800a18159f92fb80f921d6650132b3093a6ead939d72d0d4fa7c564dfd22a66a.png)

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](https://twitter.com/LayerZero_Labs)

Alpha leak below 🧙‍♂️🧵\*\*

Quick Intromission 📢

I'm part of [@earndrop\_io](https://twitter.com/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](http://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\_…](http://layerzero.network/pdf/LayerZero_Whitepaper_Release.pdf) \*\*

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…](http://layerzero.gitbook.io/docs/guides/interfaces/evm-solidity-interfaces/ilayerzeroendpoint) \*\*

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

• The first protocol built on L0 is [@StargateFinance](https://twitter.com/StargateFinance)  
• Getting $ZRO may require Stargate-related actions

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

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

6/9  
Alpha protocol: [@rage\_trade](https://twitter.com/rage_trade)

• An omnichain ETH perp using the stack from L0  
• Backed by [@Tetranode](https://twitter.com/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](http://layerzeroscan.com/)

• L0 has also partnershipped with Circle  
🔗 [usdcdemo.layerzero.network](http://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](https://twitter.com/elonmusk)'S ALGORITHM 🤖

Follow me [@OlimpioCrypto](https://twitter.com/OlimpioCrypto) for alpha.

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

> [https://twitter.com/OlimpioCrypto/status/1580543897222070273](https://twitter.com/OlimpioCrypto/status/1580543897222070273)

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*Originally published on [nansen](https://paragraph.com/@0000x/thread-by-olimpiocrypto-on-thread-reader-app)*