Optimism dropped a massive airdrop to 31,000 wallets. To qualify, all you needed was to participate actively in governance. Could LayerZero reward you for this simple, gasless transaction too?
Let's find out:
While you can’t participate in LayerZero’s governance yet, you can get involved with Stargate. This is done by: ❍ Staking $STG for a period of time ❍ Voting on proposals when they come out https://snapshot.org/#/stgdao.eth/ But, how do you get $STG? There are two methods:
Method 1: Swap tokens on a DEX to $STG (e.g. USDC to $STG) Polygon has the cheapest gas fees, so my $STG is on this network. I'd recommend swapping on Matcha as it may have a future airdrop
Method 2: Earn $STG by adding liquidity This is done by: ❍ Adding liquidity to a pool (USDC, USDT, etc.) https://stargate.finance/pool ❍ Staking liquidity into a farm https://stargate.finance/farm You will earn $STG based on the pool's APY. Once you've added liquidity for a while:
You can claim $STG tokens from the 'Pending Rewards' tab. https://stargate.finance/farm Now that we have $STG, let's stake it to participate in governance
We will stake $STG for $veSTG https://stargate.finance/stake The more $STG you stake and the longer you stake it, the more $veSTG you earn. However, this locks up your $STG for a certain period of time. If you're worried about staking a small amount of $STG
I only have 10.8 veSTG which equates to 0.00002128% of the entire voting power. What's more important is your governance participation. I speculate that the more proposals you vote on, the greater your $ZRO tokens allocation. Now all that's left is to vote on a proposal
We can select the active proposals on Stargate's Snapshot: https://snapshot.org/#/stgdao.eth/ It doesn't matter whether you vote yes/no/abstain. Your participation is more important. Good news: This is a gasless transaction. But, if you just staked $STG, you may not be able to vote:
This is because you may have missed the proposal's snapshot. E.g. this proposal's snapshot is at block 18,374,995, or Oct-18-2023 04:55:35 UTC. If you staked any $STG after this snapshot, it will not count as voting power. In that case, here's what you can do:
More proposals will be launched in the future. Keep an eye out and vote when those proposals are live. Want to stay updated when the latest proposals drop?