In this guide, we outline how to put yourself in the best position to receive the upcoming LayerZero token airdrop.
While it is not confirmed yet, we believe that this method will allow DeFi users to earn $ZRO tokens once the highly anticipated network is live.
What is LayerZero?
LayerZero is a new smart contract platform and interoperability protocol that is designed to seamlessly connect multiple chains. In short, the network will serve as the ultimate interoperability infrastructure layer by connecting all EVM chains and unifying liquidity pools across popular blockchains like Ethereum, Solana, Avalanche, Arbitrum, Optimism and others.
How to be Eligible for the LayerZero Airdrop
To be eligible for the LayerZero airdrop, we recommend taking a certain set of actions on-chain that will increase your chances of being whitelisted. The LayerZero team has not confirmed any requirements for the airdrop, but we believe that the following steps will put you in the best position to receive $ZRO tokens.
1. Vote on Stargate Finance
Stargate Finance is the first application built by LayerZero and is the most popular by total value locked. Users who interact with this application will likely be eligible for rewards and airdrops in the future. Follow the steps below to get started:
- Buy Stargate Finance tokens ($STG) on a decentralized exchange like UniSwap
- Go to https://stargate.finance/stake
- Stake your tokens for voting power
- Regularly vote on proposals: https://snapshot.org/#/stgdao.eth
2. Interact with LayerZero Applications
We also recommend interacting with as many protocols and applications that were built using the technology underpinning LayerZero's protocol. Some examples of these include:
3. Use the LiquidSwap Bridge
The third and final recommendation is to use the LiquidSwap Bridge that was deployed by the LayerZero team. This application will allow you to transfer tokens between Ethereum, Optimism, Arbitrum, BNB Chain and Polygon to the new Aptos Layer 1 blockchain.
We recommend that you bridge at least $200 in value through the LiquidSwap Bridge to be eligible for the ZRO token airdrop.
Will there be a LayerZero Token Airdrop?
While there have been no official announcements from the LayerZero team as to whether there will be an airdrop, we searched their codebase and found some evidence that they will be airdropping tokens to users who complete certain actions. The screenshot below shows the parameters for the $ZRO token airdrop which can be found in their Github docs.
How many tokens will LayerZero Airdrop?
The number of tokens that will be airdropped has not been confirmed, but we believe that it will be a significant amount. Based on our analysis and previous examples like Aptos and Juno, we expect that the total value airdropped per user will exceed $2,000 USD. If you want to increase the value of your airdrop, we recommend completing the actions above across multiple wallets.
In summary, LayerZero is a new smart contract platform and interoperability protocol designed to connect multiple chains. While it is not confirmed yet, completing certain actions on-chain like voting on Stargate Finance, interacting with LayerZero applications, and using the LiquidSwap Bridge may increase your chances of being whitelisted for the upcoming LayerZero token airdrop. While the number of tokens to be airdropped is not confirmed, it is expected to be a significant amount based on previous examples, and completing these actions across multiple wallets may increase the value of your airdrop.