The latest funding round brought LayerZero’s valuation to $3 billion, and the potential airdrop could be really huge for this cross-chain messaging protocol.
Here are all of the different decentralised applications that use LayerZero, and how you can interact with them. (P.S. I’ll be splitting them up into the different categories that they fall into)
Contents
Before you start
Here are some tips that I would recommend as you are using real-world money to try out these applications:
- Get a non-custodial wallet like Metamask
- Send both stablecoins and the native tokens of ≥ 2 networks to Metamask
I would highly recommend using both the Polygon and Avalanche networks, as the fees are the cheapest compared to the others like Optimism, Arbitrum or the Ethereum mainnet.
Category #1: Bridges
With cross-chain functionality being the main feature of LayerZero, quite a few bridges utilises this protocol.
The main platform is Stargate Finance, where you can transfer tokens across 8 different EVM-compatible networks.
![image 94 image 94](https://thefipharmacist.com/wp-content/uploads/2023/04/image-94.png)
You are able to add your tokens into the pools to earn some yields, as well as stake STG.
Staking STG is useful as you can vote for proposals that are raised on the Stargate DAO.
![image 95 image 95](https://thefipharmacist.com/wp-content/uploads/2023/04/image-95-1024x782.png)
Other bridges include:
- The bridge on PancakeSwap (powered by Stargate)
![image 96 image 96](https://thefipharmacist.com/wp-content/uploads/2023/04/image-96.png)
- The bridge on Trader Joe (you can only bridge JOE between Avalanche, BNB Smart Chain or Arbitrum)
![image 97 image 97](https://thefipharmacist.com/wp-content/uploads/2023/04/image-97.png)
- The bridge on Harmony One (bridging tokens from ETH or BSC to ONE)
![image 98 image 98](https://thefipharmacist.com/wp-content/uploads/2023/04/image-98.png)
- The bridge on Swimmer (bridging between Swimmer and Avalanche)
![image 99 image 99](https://thefipharmacist.com/wp-content/uploads/2023/04/image-99-1024x424.png)
- The official Aptos Bridge and the Bridge on Liquidswap (between EVM-compatible networks and Aptos)
![image 100 image 100](https://thefipharmacist.com/wp-content/uploads/2023/04/image-100.png)
- Testnet Bridge (between testnet Goerli ETH and real-world ETH)
![image 101 image 101](https://thefipharmacist.com/wp-content/uploads/2023/04/image-101.png)
If you are looking to add liquidity to one of the pools, I would suggest doing it for the Goerli testnet.
You will need to add both Goerli ETH and Mainnet ETH (METH), and you can copy the contract address from Goerli Etherscan.
![image 102 image 102](https://thefipharmacist.com/wp-content/uploads/2023/04/image-102.png)
After that, you can swap Goerli ETH to METH on Uniswap (don’t forget to switch to the Goerli testnet!)
![image 110 image 110](https://thefipharmacist.com/wp-content/uploads/2023/04/image-110.png)
- Bridge on Angle (Bridging agEUR across different networks)
![image 103 image 103](https://thefipharmacist.com/wp-content/uploads/2023/04/image-103.png)
- BTC Bridge (bridging LayerZero’s BTC.B across different EVM-compatible networks)
![image 105 image 105](https://thefipharmacist.com/wp-content/uploads/2023/04/image-105.png)
- USDC Bridge (currently deprecated until mainnet launch)
![image 104 image 104](https://thefipharmacist.com/wp-content/uploads/2023/04/image-104.png)
- Altitude DeFi (KIV, may be launching soon)
![image 108 image 108](https://thefipharmacist.com/wp-content/uploads/2023/04/image-108.png)
Category #2: Trading Platforms
- Rage Trade (perps platform on Arbitrum)
![image 106 image 106](https://thefipharmacist.com/wp-content/uploads/2023/04/image-106.png)
- Cross-chain swaps on Sushiswap
![image 107 image 107](https://thefipharmacist.com/wp-content/uploads/2023/04/image-107.png)
- Cross-chain swaps on Hashflow
![image 109 image 109](https://thefipharmacist.com/wp-content/uploads/2023/04/image-109.png)
- Cross-chain swaps on OmniBTC
![image 111 image 111](https://thefipharmacist.com/wp-content/uploads/2023/04/image-111-1024x508.png)
- InterSwap (KIV, may be launching soon)
Category #3: Lending Platforms
- Lend tokens on BNB Smart Chain or Arbitrum with Radiant Capital
![image 112 image 112](https://thefipharmacist.com/wp-content/uploads/2023/04/image-112-1024x581.png)
- Bridge tokens on Tapioca (KIV, next round of beta testing may be soon)
- Stake USDC to mint MGN on Mugen Finance
![image 113 image 113](https://thefipharmacist.com/wp-content/uploads/2023/04/image-113-1024x451.png)
Category #4: Domain Names
- Purchase a LayerZero domain
![image 114 image 114](https://thefipharmacist.com/wp-content/uploads/2023/04/image-114-1024x541.png)
However, this is done on the Ethereum mainnet, so gas fees can be quite high!
Category #5: NFT Marketplaces
- Purchase NFTs on Omni-X (testnet)
- Mint NFTs on Omnisea (however, it seems to only be on the Ethereum mainnet…)
![image 115 image 115](https://thefipharmacist.com/wp-content/uploads/2023/04/image-115.png)
- Mint NFTs on Holograph (can be done on Polygon)
![image 116 image 116](https://thefipharmacist.com/wp-content/uploads/2023/04/image-116-1024x389.png)
After creating a collection, you can bridge it to the Avalanche network
![image 117 image 117](https://thefipharmacist.com/wp-content/uploads/2023/04/image-117.png)
- Optional: Purchase a Gh0stly Gh0sts NFT (fees are too high on Ethereum so I’m skipping this)
![image 119 image 119](https://thefipharmacist.com/wp-content/uploads/2023/04/image-119.png)
Category #6: Complete Layer3 Quests
So far, there are 3 quests that you can complete that are associated with LayerZero:
- Radiant Capital (Quests 1 and 2)
- Stargate Finance (Optimism network)
![image 118 image 118](https://thefipharmacist.com/wp-content/uploads/2023/04/image-118.png)
Checking your LayerZero transactions
You can check all of the transactions that you’ve performed on this Dune dashboard.
![image 120 image 120](https://thefipharmacist.com/wp-content/uploads/2023/04/image-120-1024x278.png)
However, it may take a while to load, and you can enter your wallet address afterwards to see your transactions.
Conclusion
There are so many different methods to qualify for the LayerZero airdrop, and it may be best to do as many as you can afford.
You can check out my video here for all of the actions that I took:
Are you passionate about personal finance and want to earn some flexible income?