Content: 1. What is LayerZero in general? 2. Why can we expect a drop? 3. What criteria can be for the distribution of the drop? 4. Guide, according to activity in their heart and subprojects: - Loot roles in StarGate - Making activities in the blockchain 5. Guide on how to use their technology in other projects 6. Tips from me
LayerZero is probably one of the most interesting and breakthrough projects that currently exist in crypto, the project allows you to make various cross-chain transactions. LayerZero is the undisputed leader in cross-chain solutions with a huge ecosystem, many of which you are probably already familiar with. (PancakeSwap, SushiSwap, Radiant, Hashflow, etc.)
The heart of the LayerZero project is StarGate. This is a cross-chain bridge where we can bridge our tokens, pour liquidity into their pools in different networks, and stake the $STG project token. Which gives us the right to vote in any major decisions of the project. In very simple terms, the project allows you to very cheaply transfer tokens from one network to another, makes swaps cheaper, etc.
The project raised $291M from: Lead: Sequoia, a16z, Binance labs, Multicoin capital FTX Ventures. Also, among investors, such people as: Delphi Digital, PayPal, Coinbase, Polygon
Flicker Such large funds brought in a lot of money, and using them on one of the largest projects in the DEFI field makes us understand that the project is really cool and large, but where should they put so much money for investments?
Of course, make your own token in order to please investors with a bunch of dough and distribute a little to your users.
Also thanks to the alpha drop, which showed us the LayerZero contract, where we see with you that the token will definitely be
In my opinion activity can be divided into three sections:
Activity with their heart - StarGate and off projects that are announced on their website
Activity on platforms that use their technology
Activity on their testnet Now I’ll tell you more about the types of activities, and the guide will be in a separate paragraph.
Activity with their heart - StarGate and off projects that are announced on their website
Swaps
Bridge
Adding liquidity
Staking
Voting
Activity on platforms that use their technology Here we can include such platforms as PancakeSwap, SushiXSwap, Hashflow and others. Everything is trite here, swaps, liquidity, bridges
Activity on their testnet Also, LayerZero has a testnet, in which you can also perform various actions in order to be active with your wallet at all times, wherever possible.
I brewed a hookah and now, with a buzz, I’ll start writing you a detailed guide, but without too much water, because I think that since you are doing retrics, you are at least a little versed in the activities that exist in the crypt.
Preparation:
You and I will need to bring things like:
- Money for commission in eth, bnb, arbitrum, optimism and polygon networks to make as many activities as possible.
- For example, 100-200 dollars in one of the networks that I mentioned above, because we will transfer these funds from one network to another, etc.
- STG token in the minimum amount of +-100 to complete one of the tasks or 210 to complete two tasks at once on their StarGate platform
- Warm wallet and discord
- 1010 bucks if you want to complete the third task, where you will need to add liquidity
Let's start performing activities for which we will receive roles in the StarGate dist: 1. Go to their discord and link your wallet in the guild-roles channel 2. We transfer from the exchange to the wallet the number of tokens you have chosen, STG. 3. Follow the link and stake 100 tokens so that you get more than 25 veSTG
We do not pay attention that my number of months is from 1 to 25. You will have from 1 to 36. Choose 100 tokens and 10 months. Your tokens will be locked for 10 months and below we will see how many tokens you will receive. Must be more than 25 veSTG.
*It does not matter which network you will do it on, but I advise you to do it in bnb, because the commissions there are cheap.
*You can stake, for example, 27 tokens, but for 36 months and get the same 25+ veSTG. This option saves a lot of money and I guessed about it after I staked my 110 tokens. But I hope that they will praise the users who staked 100+ tokens for a year, because such users have invested more funds in their platform.
4. If you replenished your wallet with 210 tokens, then leave the remaining 110 just on your wallet and move on. 5. This stage is for those who decide to throw 1000+ dollars into liquidity on their platform. Follow the link and transfer 1005-1010 usdt from your network to the arbitrum network. (Or to any other, but here the commissions are small and + activity in your wallet)
Now follow this link and select USDT in the network you transferred to.
Then select the add button and stake 1005+ usdt to get 1000+ LP in the arbiter network and stake these tokens
Check this link to make sure you have 1000+ lp
We follow the link, click abailabe, then click on the window with available tokens for staking and in the window that appears, click MAX and stake
6. We return to their discord, go to the guild-roles channel and click on Join stargate official. We go through the captcha, your wallet should already be connected and after all the actions that you have done, you will be able to see what tasks you have completed
7. Now we start voting for all sorts of important decisions on the project. Follow the link and choose active voting
Go to the poll, scroll down and choose what to vote for
As we can see, now I don’t have veSTG on my wallet, just like you, and all because when creating a new vote, a snapshot of wallets is taken, who staked the tokens and how many of these tokens he has. So we are waiting for a new vote and there you will have tokens
So we got all the roles in the discord of this project, and now we will discuss what are the best tasks to perform. - veStaker received about 47+k wallets - 100 STG received about 25+k wallets - 1K LP Farmer received about 9k+ wallets Therefore, I advise you to do tasks on holding and adding liquidity, but staking will not be superfluous, because then we will be able to take part in the activity - voting
**Let's start activities in the blockchain: ** 1. Follow the link and make bridges from different networks. I do it in this order: exchange - bsc - AVAX - matic - arbitrum - optimism - eth - matic - exchange. I advise you to make 10+ transactions, because if we look at dune, we will see that +-10% of users made so many transactions
2. We use the Aptos bridge, where I advise you to transfer from any network to the aptos network and immediately withdraw to the exchange, because if you do it in the opposite direction, then catch a ban up to 72 hours
3. We use the Bitcoin bridge, where we buy BTC.b and transfer it through the bridge to another network, and then return it back and sell it.
4. We are active in their testnet. We receive tokens in test networks using these links: USDC Faucet: usdcfaucet.com Goerli Faucet: goerlifaucet.com AVAX Faucet: faucet.avax.network
Then we swap tokens from the Goerli network to AVAX Fuji
And vice versa, you can do this a couple of times.
5. Switch to Harmony Bridge and bridge your tokens from the bnb network to the Harmony network.
6. Go to Testnet Bridge and make bridges. We already have Goerli broadcast from the activities above, so let's not worry too much.
SushiXSwap - Choose xSwap and make swaps for different tokens and different amounts. HashFlow - Making Cross Swaps Woofi - We also do cross swaps Swimmer Bridge - We also make all sorts of cross bridges back and forth Rage Trade - trade with leverage, use staking Angle Protocol - making bridges (requires agEUR token) OmniBTC - we share bridges, and you can also use Lending in the testnet LayerZero Name Service - buy a domain Holograph - we create our own collection of NFTs (but be sure to use pictures for nft that do not exist yet, because you will get a ban) and bridge NFTs to different networks.