The first round of the LayerZero airdrop was a huge success, with the team effectively eliminating Sybil wallets. The airdrop was well received by many users, but after its distribution, a significant number of users stopped farming the project. Today, many interact with LayerZero-powered products out of necessity rather than to farm the airdrop, leading to a drastic drop in daily interactions.
However, this scenario presents a golden opportunity for those still focused on the second round of the LayerZero airdrop. A total of 23.8% of the token supply is allocated to the community, with only 8.5% distributed in the first round. This means a considerable portion of the token is still available for future distribution.
With fewer wallets actively farming and a large number of tokens set aside for the community, this could be a unique chance to earn a significant allocation in the next LayerZero airdrop. Let’s explore the best strategies to increase your chances!
How to Hunt the LayerZero Airdrop
LayerZero is a blockchain interoperability technology that enables direct communication between different blockchains without requiring intermediaries such as sidechains or additional relayers. This technology is widely used by various projects to build their dApps.
The most well-known dApp utilizing LayerZero is Stargate, a cross-chain bridge that allows users to transfer assets across multiple networks. Stargate should be your primary tool for securing your share of the next airdrop.
Bridging Assets on Stargate
To interact with the LayerZero ecosystem, start by using Stargate to perform cross-chain transfers. A example is bridging ETH from the Base network to Optimism.
When making a bridge transaction, you typically have two gas fee options:
- Fast: Higher cost but quicker transaction time.
- Economy: Lower cost but significantly slower transaction.
If your goal is to farm the airdrop, it is recommended to always use the Fast option. Transactions using this method appear on LayerZero Scan, a platform where you can track various metrics related to LayerZero, including your interactions with the protocol.
Aside from ETH, you can transfer other assets on Stargate, such as LayerZero’s native token ($ZRO) or Ethena’s stablecoin ($USDe). These transactions count as interactions with the respective protocols and will be visible on LayerZero Scan.
Boosting Your Airdrop Eligibility
One of the most effective strategies for increasing your potential airdrop rewards is bridging assets to Ethereum at least once per week, especially when gas fees are high. This is because Stargate considers your total gas expenditure on its protocol when allocating rewards.
Additionally, on Stargate, you can provide liquidity and stake the $STG token. Holding a stake in $STG allows you to participate in governance voting, which was considered a qualifying activity in the first LayerZero airdrop. Engaging in governance could potentially increase your eligibility in the second round.
Interacting with Merkly
Another useful dApp in the LayerZero ecosystem is Merkly, an easy-to-use and cost-effective option for multi-chain interactions. Here’s how it works:
- Select LayerZero as the protocol.
- Mint an NFT on one blockchain.
- Bridge the NFT to another blockchain.
⚠️ Important: Avoid performing this action excessively in a short period, as this could flag your wallet as a Sybil attacker. Merkly is a low-cost way to interact with LayerZero but should be used in moderation.
Exploring Other dApps in the LayerZero Ecosystem
Beyond Stargate and Merkly, several other dApps leverage LayerZero’s technology. You can explore them directly on the official LayerZero website. Using multiple dApps increases your interaction count and demonstrates organic activity, which may help maximize your airdrop rewards.
Final Tips: Stay Consistent Without Overdoing It
- Consistency is key: Regularly interact with LayerZero dApps but avoid excessive transactions that may appear artificial.
- Use tokens in real scenarios: Swap assets, use DeFi protocols, and show organic engagement with the ecosystem.
- Vary your transaction times: Avoid executing all actions in a short time frame. Instead, space out your interactions to mimic real usage patterns.
Disclaimer
This is not financial advice. If you decide to interact with the mentioned protocols, you do so at your own risk. Airdrop Guild is not responsible for any potential losses resulting from the use of these platforms. Always conduct your own research before engaging with any protocol.
