On 4th April 2023, LayerZero Labs has just concluded its Series B funding, raking in $120 million from a host of notable investors. This gives the interoperability protocol a whopping $3 billion valuation.
Which means when this project gives airdrop, it’s gonna be a lot of $
A cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin.
New to airdrop? No worries! We got you cover!
Let’s start:
Mission 1: Our goal is to leave transactions traced on the blockchain network
Recommended transaction ＞ 25
As we can see from the data shown
https://dune.com/stace/layerzero-users
There are 397,000+ user wallet addresses that did ＞ 5 transactions, which means if you just did 5 transactions, the chances of getting airdrop are almost impossible.
You can track your total transaction here:
https://dune.com/cryptoded/layerzero
Paste your wallet address in the Search bar, it then will show the total transactions you have made
Recommended total amount of transactions＞ 1000 USDC/USDT ( Chill! You’re not spending $1k, you will just need to spend < $10 for transaction Gas fee only!)
So, we going to do all these transactions at Stargate.finance
Our plan is to use cross-chain to send our funds to a different network, we will start from Arbitrum network, for those who do not have funds in their wallet, you may send funds from CEX (Binance, Coinbase….) to top up your wallet
Tips: it’s advised to transfer a greater amount per transaction and leave some balance in every network. (not less than $10)
Leave a 10 minutes gap after completing a transaction
When crossing chain, you might need some small amount of tokens for Gas fee on each network, use this
https://www.bungee.exchange/refuel
Keep doing this until you have done minimum 25 transactions at a different time/day and then you can do it monthly.
Mission 2: Stargate ecosystem interaction
Provide Liquidity, go to Pool
After providing liquidity, select Farming
You’ve completed providing liquidity at Stargate Finance and started farming. You will get rewarded with STG token as well!
Next, you will require to buy some STG tokens from CEX or Uniswap, we will need about 26 STG tokens for staking.
After you had your 26 STG tokens, go to Stake
Staking done! Now go to Snapshot to see if any open proposals to vote on. If none, wait for the next proposal.
https://snapshot.org/#/stgdao.eth
If you wish to create more interaction with Layer Zero ecosystem, go to:
https://app.radiant.capital/#/dashboard
key in the amount you would like to stake
Now, we gonna Borrow some tokens
After Borrow, now it’s time to Repay
After approval, click repay and you’re done!
Congratulation! You have just completed all the missions!
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