StarkNet Airdrop Guide

StarkNet Airdrop Guide

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February 7, 2023
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In this guide, we outline the best way to be eligible for the upcoming StarkNet airdrop which is a promising zk-rollup-based Layer 2 network on Ethereum.

In this step-by-step outline, we will overview what applications and bridges to use to earn the highest amount of StarkNet tokens once the airdrop is live.

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Audited Proof of Reserves
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How to be Eligible for the StarkNet Airdrop

To be eligible for the StarkNet airdrop, you must first have an Ethereum address. Then, you will need to use either the MetaMask or TrustWallet application on your desktop or mobile device to connect to different applications on the StarkNet network.  

You will need to follow the steps below to qualify for the most amount of StarkNet tokens possible. We anticipate that it will cost around $100-$200 depending on gas fees to interact with all of these applications to earn the maximum amount of StarkNet airdrop tokens, which could be more than $10,000.

1. Bridge to StarkNet

One of the first likely eligibility requirements for the StarkNet airdrop will be to bridge to the network from Ethereum mainnet. To do this, we recommend using StarkGate which is the official bridge built and deployed by the StarkWare team. Simply connect your wallet, send ETH tokens from mainnet to StarkNet and you should earn some tokens once the airdrop is live.

StarkGate Bridge
StarkGate Bridge

2. Trade on a StarkNet DEX

Now that you have bridged tokens to StarkNet, we recommend checking out a native DEX like 10KSwap. This is an AMM and fork of UniSwap that allows you to securely transfer between different tokens on the StarkNet platform. All you need to do here is connect your wallet and choose two tokens to swap between. This will tick off another step in your eligibility requirements.

10KSwap DEX.

3. Use ArgentX on StarkNet

ArgentX is a native StarkNet wallet and an alternative to wallets like MetaMask or Trust Wallet. For this step, we recommend downloading and installing the wallet and transferring some tokens to the wallet and making some transactions. This will likely be another eligibility requirement to boost the amount you earn in the StarkNet airdrop.


4. Make an Orderbook Trade on Brine Finance

Brine Finance is another decentralized exchange (DEX) on StarkNet that is different to normal AMM's because it operates as a traditional order book exchange. The airdrop strategy here is again very simple, just connect your MetaMask Wallet and make a few trades to ensure that you meet this eligibility requirement.

Brine Finance
Brine Finance

5. Use a StarkNet Money Market

Another strategy that we recommend is to use a money market that is native to the StarkNet ecosystem. Money markets allow you to deposit and lend money to earn a yield, similar to traditional DeFi applications like AAVE or Compound. We recommend that you use zkLend, which is the most popular zk-rollup money market on Starknet.

zkLend Money Market
zkLend Money Market

6. Bridge out of StarkNet

If you want to bridge funds back out of StarkNet, we recommend using an alternative bridging platform like Orbiter Finance. By using two different bridges, you essentially hedge your bets just in case the airdrop covers one bridge or the other. There is also a chance that by using both bridges, you get given an enhanced multiplier for the StarkNet airdrop.

Orbiter Finance
Orbiter Finance.

How much can I earn with the StarkNet Airdrop?

The amount that you can earn from the StarkNet airdrop will likely depend on how much ETH you have bridged to StarkNet and how much you use the different applications on the network. However, we anticipate that it is possible to earn more than $10,000 worth of StarkNet tokens if you meet all of the eligibility requirements.

What is StarkNet?

StarkNet is a layer-2 scaling solution for Ethereum that uses zk-rollups to increase the transactional capacity of the Ethereum network. It aims to provide a fast, cheap, and secure alternative to current layer-1 solutions, allowing decentralized applications to scale without sacrificing security or decentralization. With StarkNet, users can enjoy the benefits of Ethereum's decentralized network, while being able to process a much higher volume of transactions per second.

Final Thoughts

The StarkNet airdrop is an excellent opportunity to earn some free tokens just by using different applications on the network. We recommend that you participate in the airdrop as soon as possible before they cut off the eligibility timeframe to ensure that you get the maximum amount of tokens possible. Good luck!

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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