LayerZero Airdrop: How to Qualify?

In the LayerZero ecosystem, all decentralized applications (dApps) will communicate with each other through a built-in oracle and relayer. This means that users won't need cross-chain bridges to move assets between different networks, as funds will be automatically transferred during their interactions with various DeFi projects.

LayerZero is one of the most promising projects that offers airdrop potential. In this article, we discuss which protocols are most appropriate to interact with to have the greatest chance of rewards.

Projects with significant external funding often provide the largest drops for early adopters. According to Crunchbase, LayerZero has raised $173 million from 27 major funds including Sequoia Capital, a16z, Coinbase, Binance, Tiger Global, Uniswap, PayPal Ventures, and others.

Additionally, Alameda Research and the venture arm of cryptocurrency exchange FTX invested in the project. However, after the bankruptcy of these platforms, LayerZero terminated their contracts and returned the funds to avoid negative associations. 

Unlike many promising protocols, LayerZero has not publicly announced the prospect of an airdrop or token. However, a hint about the future ZRO asset is hidden in its own documentation.

For those hoping for an airdrop, interacting with the LayerZero ecosystem early on may prove worthwhile. It is noteworthy that all the projects are running on Mainnet, so actual funds will be required to participate. It's important to carefully assess the risks before acting.

Stargate Finance 

This DeFi protocol enables cross-chain transfers, token exchange, and liquidity farming. The platform offers a variety of activities, including:

● A bridge for token migration across different blockchains;

● Staking of tokens on various networks;

● Liquidity farming;

● Voting through staking the native STG token.

As demonstrated by the past airdrops from various projects such as Arbitrum, Optimism, or DYDX, it's advisable to pay special attention to the bridge and voting mechanisms.

Rage Trade 

A derivative DEX exchange built on the Arbitrum blockchain - which recently launched its own native token ARB.

List of available activities:

● Trading derivatives on the platform. As a derivative platform, it offers leverage, which requires careful consideration;

● Staking SGLP and USDC tokens in the Vault section.

Currently, the Rage Trade's total value is estimated to be $5 million.

Decentralized exchange designed for zero-slippage trades, with transactions secured by a special bot.

List of available activities:

● Token trading;

● Farming of stablecoins and HFT tokens.

It's a crypto lending protocol built on the Arbitrum network. With a TVL that exceeds $400 million, it's clear that users are taking full advantage of its capabilities. 

Within Radiant, you can:

● Borrow stablecoins or other coins against cryptocurrency collateral;

● Deposit your assets and earn interest through lending;

● Stake USDT, USDC, ETH, WBTC, and the native RDNT token;

● Participate in DAO governance.

A LayerZero-powered NFT platform that allows buying and selling non-fungible tokens from any blockchain to another. Currently, the platform is in beta version, but it can mint NFTs on various networks.  

Additionally, it is recommended to stay active on the project's Discord.

A similar service to Omni X, this platform allows users to mint NFTs on the Polygon, Avalanche, and Ethereum networks. Minting costs vary depending on blockchain commission fees.

To get started, users should create a collection and then mint an NFT by providing a name and description. Then the contract may be deployed.

It's worthwhile to explore the transfer of NFTs between different blockchains as well.

LayerZero's official testnet in partnership with Circle operates on the Goerli and Avalanche Fuji networks. Test tokens can be obtained by clicking the "Faucet" button at the bottom of the page. 

Available activities include token transfer between networks.

These are the most interesting projects within the LayerZero ecosystem that are worth interacting with for potential airdrops. Additionally, there are more platforms to consider:

● Mugen Finance;

● Angle Protocol;

● WOOFi;

● Sushi;

● Aptos Bridge;

● Liquidswap от Pontem Network.

It's difficult to predict which types of platforms and actions will be eligible for potential airdrops, so it's a good idea to engage in as many diverse transactions as possible to increase your wallet's activity rating on the network.