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.
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.
Other bridges include:
- The bridge on PancakeSwap (powered by Stargate)
- The bridge on Trader Joe (you can only bridge JOE between Avalanche, BNB Smart Chain or Arbitrum)
- The bridge on Harmony One (bridging tokens from ETH or BSC to ONE)
- The bridge on Swimmer (bridging between Swimmer and Avalanche)
- The official Aptos Bridge and the Bridge on Liquidswap (between EVM-compatible networks and Aptos)
- Testnet Bridge (between testnet Goerli ETH and real-world ETH)
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.
After that, you can swap Goerli ETH to METH on Uniswap (don’t forget to switch to the Goerli testnet!)
- Bridge on Angle (Bridging agEUR across different networks)
- BTC Bridge (bridging LayerZero’s BTC.B across different EVM-compatible networks)
- USDC Bridge (currently deprecated until mainnet launch)
- Altitude DeFi (KIV, may be launching soon)
Category #2: Trading Platforms
- Rage Trade (perps platform on Arbitrum)
- Cross-chain swaps on Sushiswap
- Cross-chain swaps on Hashflow
- Cross-chain swaps on OmniBTC
- InterSwap (KIV, may be launching soon)
Category #3: Lending Platforms
- Lend tokens on BNB Smart Chain or Arbitrum with Radiant Capital
- Bridge tokens on Tapioca (KIV, next round of beta testing may be soon)
- Stake USDC to mint MGN on Mugen Finance
Category #4: Domain Names
- Purchase a LayerZero domain
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…)
- Mint NFTs on Holograph (can be done on Polygon)
After creating a collection, you can bridge it to the Avalanche network
- Optional: Purchase a Gh0stly Gh0sts NFT (fees are too high on Ethereum so I’m skipping this)
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)
Checking your LayerZero transactions
You can check all of the transactions that you’ve performed on this Dune dashboard.
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?