LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness.
Key Takeaways:
Layer 0 is the base layer on which the entire blockchain ecosystem is built.
Being a fundamental layer, it supports blockchain in backing up transaction data for numerous layer 1 chains.
Layer 0 deals with the issues such as scalability and interoperability.
Some popular layer 0 crypto coins are Avalance, Cosmos, and polkadot.
On Layer zero networks, software developers can build their own Layer 1, connected to the mainchain; however, they all operate independently. SDKs, or software development toolkits, make the connectivity process possible.
In the blockchain, scalability is one of the biggest challenges. However, layer 0 offers a solution covering digital currency wrapping, enabling individual reward set-up and data validation. It allows cross-chain interoperability with layer 1 networks such as ADA, BTC, and others.
The layer 0 protocol can easily deploy relay networks across several nodes, such as BTC and ETH. It also resolves the scalability issue without creating any hindrance. The protocol allows users to build decentralized applications (dapps), blockchain-centric businesses, mint cryptos, and others.
Fundraising:
Project has raised $255 million from Sequoia, a16z, FTX, Coinbase and others.
LayerZero does not currently have a token, and in this guide we will tell you about all the available actions that are likely to help you in getting an airdrop from the project.
Interact with Stargate Finance
Using the bridge
Visit Stargate and connect your wallet;
Select chains, tokens, enter the amount and click on the “Approve”;
Approve two transactions in the wallet;
Use the bridge more than 10 times on different chains and at different times with total volume more than $2000
Buying STG
Visit Uniswap and connect your wallet;
Visit CMC and copy the STG contract of the network where you want to buy it;
Go back to Uniswap and paste the copied contract into the search bar at the top of the page and click on the token icon;
Select a token you want to exchange to STG, enter the amount and click “Review Swap”;
Click “I understand”;
Click “Swap”;
Approve two transactions in the wallet.
Staking STG
Visit Stargate and connect your wallet;
Click “Available” and select your STG tokens;
Enter the STG amount, stake duration (36 month) and click “Create Stake”;
Approve the transaction in your wallet and click “Create Stake” again;
Voting on Snapshot
Go to the Snapshot and connect wallet;
Select proposal;
Go to the bottom and choose which option you want to vote for and click “Vote”;
Enter the token amount and click on the “Confirm”;
Confirm transaction in the wallet.
Don’t worry if you see “You dont have voting power”, you have to wait for the next snapshot and then you will be allowed
to vote (Usually takes about 2 weeks).
Interact with LayerZero’s Aptos bridge
Visit theaptosbridge.com and connect your wallet;
Choose a token and enter the amount;
Click “Connect” and connect your Aptos wallet;
Click “Transfer”;
Interact with LiquiSwap Bridge
Visit LiquidSwap and connect your wallets;
If you did the last stage using AptosBridge, you can use this bridge to return tokens to the Optimism network or any
other networks;
Choose a token, enter the amount and click “Transfer”;
As the project is at an early stage, your funds will come to your account no earlier than in 5 days.
Interact with PancakeSwap Bridge
Visit PancakeSwap and connect your wallet;
Select the origin network, the destination network and a pair of tokens to swap and click “Approve”;
Click “Confirm Transfer”;
Interact with Bitcoin Bridge
Buying BTC.b
Visit TraderJoe and connect your wallet on the Avalanche chain;
Select the token you want to exchange to BTC.b, enter its amount and click “Approve your token name”;
Click “Swap”;
Using BitcoinBridge
Visit BitcoinBrdige and connect your wallet on the Avalanche chain;
Select the Avalanche network and the destination network, enter the amount of BTC.b and click “Transfer”;
Interact with ETH Goerli Bridge By Layer Zero
Connecting your wallet
Visit Testnet Bridge and click “Connect”
Bridging ETH from the mainnet to Goerli
Enter the ETH amount and click “Transfer”;
Getting mETH
Go to Pools and connect your wallet;
Enter the amount of ETH you want to exchange for mETH and click “Tranfser”.
Adding Liquidity on Uniswap
Visit the Bridge and connect your wallet;
Select a pool;
Click “Add Liquidity”;
Enter the amount of ETH and METH;
Click “Approve METH”;
Click “Supply”.
Interact with Rage Trade
Depositing on the platform
Visit Rage Trade and connect your wallet;
Switch to the “Wallet” tab and choose “Deposit”;
Enter the deposit sum and click on “Deposit”; The minimum for a deposit is 20 USDC;
Trading on the platform
Visit Rage Trade and connect your wallet;
Choose Long or Short, enter the amount for your position and click on “Swap”;
Click on “Close Position”;
Click on “Confirm Close”;
Withdrawing from the platform
Switch to the “Wallet” tab and choose “Withdraw”;
Enter the amount you want to withdraw and click on “Withdraw”;
Interact with Hashflow
Go to Hashflow and connect your wallet;
Select a chain and tokens, enter the amount and click “Trade”;
Do some trades.
Interact with Radiant
Depositing on Radiant
Visit Radiant and connect your wallet;
Choose the token you want to deposit;
Go to the “Deposit” tab, enter the amount you want to deposit and click “Continue”;
Click “Approve”;
Click “Deposit”;
Borrowing tokens to another network
Go to the “Borrow” tab, enter the amount you want to borrow, select the network you want to send the borrowed assets
to and click “Continue”;
Click “Approve”;
Click “Approve Delegation”;
Click “Borrow”;
Interact with OmniX
Go to the mint page and connect your wallet;
Select the BNB chain and click “Mint Now” or just buy it from secondary marketplaces on arbitrum, polygon, avax, bnb,
optimism.
Transferring your NFT to another network
Select any chain;
Click “Transfer”;
Interact with cross-chain swaps on the Sushi
Visit Sushi and connect your wallet;
Select chains, tokens, enter the amount and click on the “Swap” button;
Click “Approve BentoBox”;
Click “Confirm Swap”;
Do some trades at different times.
