LayerZero Airdrop - Make $1000+ With My Ultimate & Updated Guide
LayerZero is an interoperability protocol - an omnichain - built to connect different blockchains.
This means it lets users easily transfer assets across multiple chains in a secure and cost-effective manner.
It also provides increased interoperability for other DeFi activities such as swapping, lending, borrowing, and providing liquidity on multi-chain dApps.
LayerZero has so far raised $263 million and is already used as a blockchain interoperability solution by several established platforms, such as SushiSwap, PancakeSwap, Uniswap, Trader Joe, Radiant Capital, and Hashflow.
With and valuation of $3 billion, it’s set to perform one of the biggest and most anticipated crypto airdrops.
For another significant airdrop opportunity check out my ultimate zkSync airdrop guide updated for June.
Qualifying tasks
What counts most with airdrops is interacting with the platform’s ecosystem.
LayerZero has already been adopted by dozens of DeFi applications. In this guide, we’ll go over the major players, but you can also try out other dApps to increase your chances.
Swap assets
To interact with LayerZero, you will need to add several networks to your Metamask. Go to ChainList and type in the search bar the names of networks you wish to add (such as BNB Smart Chain, Avalanche, Polygon, Arbitrum, Optimism, Fantom, Metis). Then add their mainnets to your wallet.
You can also buy several different tokens that you will bridge.
First decide on the amount in USD you wish to spend on farming the airdrop, then buy BNB tokens on a centralized exchange.
Send BNB to your Metamask (on BNB Smart Chain) and use PancakeSwap to swap some BNB tokens to other altcoins, such as Radiant ($RDNT), Stargate Finance ($STG), TraderJoe ($JOE), Harmony One ($ONE), $USDT and $ETH.
Bridge funds
LayerZero essentially functions as a bridge between different blockchains, so the primary task to carry out is bridging funds.
1. Bridge funds using Stargate Finance
Stargate Finance is a core LayerZero dApp so it makes sense to start here. Send tokens you have on the BNB Smart Chain to other networks, such as Avalanche, Arbitrum, Optimism, etc. Bridge funds between as many networks as possible.
2. Bridge funds through Bungee Exchange
Just as with Stargate, you can use Bungee Exchange to bridge tokens across different networks.
3. Bridge funds using Harmony Bridge
Harmony is a blockchain with a native token called $ONE. Use Harmony Bridge to send tokens ($ONE or other tokens) from the BNB Smart Chain network to Harmony.
4. Bridge funds with Bitcoin Bridge
Bitcoin Bridge lets you send BTC between different blockchains. To use it, you will first need some BTC.b (wrapped version of Bitcoin on the Avalanche Network).
Head over to Trader Joe and swap some BNB for BTC.b.
Then go back to Bitcoin Bridge and bridge BTC.b between the available networks.
5. Bridge funds with Aptos Bridge
Aptos Bridge is used for bridging funds from an EVM-compatible network to the Aptos blockchain. To use it, you’ll need an Aptos wallet (such as Pontem) with some $APT in it to pay for gas fees.
6. Bridge $RDNT through Radiant Cross-chain bridge
Radiant lets you bridge RDNT tokens from BNB Smart Chain to Arbitrum.
7. Bridge ETH through the Testnet Bridge
The Testnet bridge enables the transfer of ETH between the Ethereum Mainnet and the Goerli Testnet.
Mint NFTs
Use Holograph to mint NFTs and then bridge them across different networks.
Stake assets
Stake $STG on Stargate Finance. Staking $STG gives you voting power. Use it to regularly vote on Stargate governance proposals.
Provide liquidity
Add liquidity to available pools on Stargate Finance.
Lend & Borrow
You can use Radiant Capital to lend, borrow, and loop assets to earn rewards. Please bear in mind that this is a complex task and should only be done by advanced DeFi users.
Get guides for other top biggest airdrops of 2023!
Maximize your chances
1. Engage with LayerZero consistently
Most people do a few transactions and give up. To improve your odds, show genuine interest in the protocol by using it on a regular basis over a long period.
To make sure you perform the required tasks, write them down in apps like Trello, decide on the time of the week when you’ll carry them out, and use reminders on your phone.
You can also use an Excel spreadsheet to keep track of your transactions and fees.
BONUS TIP: Use this Dune dashboard to monitor the volume of your transactions and the fees you’ve spent. Wait for the data to load then paste your wallet address in the search field on the bottom left.
2. Do large transactions
Regular interaction is not all that counts. The volume of transactions you execute is a key factor for token allocation. Gas fees don’t depend on the size of the transaction, so if possible make fewer and bigger transactions.
3. Use networks with low gas fees
Usually, the most expensive part of airdrop farming is gas fees. However, with LayerZero, you can steer clear of Ethereum and use low-fee networks such as Polygon, Avalanche, Arbitrum, BNB Smart Chain, or Optimism.
4. Use other dApps
Below is a list of dApps that use LayerZero. Play around with them to increase your chances.
Find more potential airdrops with these 3 powerful strategies!
Zooming out
While the airdrop has not been confirmed by the team, the $ZRO token is mentioned in LayerZero’s source code, so we know a token is on its way.
And an airdrop is one of the easiest ways to build a loyal following and to provide ROI for investors.
Of course, performing the above tasks doesn’t guarantee you’ll receive free tokens. We also can’t know if the snapshot has been taken or how long we have before it is.
However, with no official communication from the team, we can assume that we still have some time.
LayerZero is likely going to be an even bigger airdrop than Arbitrum (because it’s raised more money). In my opinion, the time it takes to execute the tasks and the money spent on fees make such a big airdrop as LayerZero worth pursuing.
Watch out for scammers! Project administrators will never DM you first on Twitter, Discord, or Telegram to offer help. Never share your wallet’s secret phrase or enter it on a provided website.
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Disclaimer: This content is for educational purposes only and should not be considered as financial or any other advice. Always do your own due diligence before investing your hard-earned money.