The LayerZero Mainnet is now live! Although LayerZero has not released a token yet, their documentation mentions a $ZRO token. The community eagerly anticipates its launch, and speculation about a possible Airdrop is circulating, which value may vary based on activity within the ecosystem.
This article provides a comprehensive tutorial with step-by-step instructions on how to interact with the LayerZero protocol.
About LayerZero
LayerZero is a decentralized protocol that facilitates cross-chain interoperability between various blockchain networks. It enables users to safely and efficiently transfer assets between chains and xSwap assets on one network for another asset on a different network.
LayerZero uses a novel technique to transfer messages between on-chain endpoints running ultra-light nodes. The exchange is facilitated by an Oracle and a Relayer. When sending a message from one chain to another, the origin chain’s endpoint notifies them of the message and its target chain.
How to join the LayerZero – Mainnet Airdrop?
Requirements to earn free crypto coins
Native blockchain
Step-by-Step Guide ”LayerZero Protocol Tutorial”
The main detail about LayerZero is that users do not directly interact with the protocol. It’s all about ÐApps built on top of LayerZero so users can transfer assets between chains in a very safe and efficient way.
- Use the official LayerZero Bridge “Stargate.Finance” to transfer assets cross-chain.
- Join Stargate Finance Guild to get roles. Hold at least 100 $STG tokens and/or lock some $STG tokens on Stargate.Finance/Stake in order to obtain at least 25 veSTG, which represents governance voting power. You can then vote on Stargate DAO proposals to contribute to the protocol’s development.
- By supplying $1,000 of USDC, USDT or BUSD on Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism or Fantom, you can receive LP tokens and earn stablecoin rewards on every Stargate transfer. You can then farm these LP tokens at Stargate.Finance/Farm to receive $STG rewards and become a member of the Stargate community.
- SushiSwap can be used to xSwap assets cross-chain through its integration with the LayerZero protocol from @StargateFinance. Several ÐApps have also integrated this protocol, including Angle.Money, Radiant Capital, Rage Trade, Pendle Finance, TapiocaDAO, ZSwap, Trader Joe, Mungen Finance, Dappad, Rango, OpenOcean, Akka Finance, Vertek Dex, Metis, Atlantis Loans, Avault, Magpie, ChainHop, Omni X, and Bungee Exchange. These ÐApps offer a variety of DeFi services such as lending, trading and yield farming.
- Try out the LayerZero x Circle USDC Demo Bridge to xSwap USDC test tokens between Goerli and Avalanche Fuji Testnet networks. Use the ETH and AVAX faucets to claim test coins for gas fees.
- The @0xPolygon Galxe Quest is live! Explore Polygon with Stargate by completing the tasks and claim a limited edition NFT.
▪️ You’re all set! Keep up to date by joining the LayerZero and Stargate Discord channels, and following @LayerZero_Labs and @StargateFinance on Twitter. Feel free to share and spread the word. Best of luck!
When using decentralized applications (ÐApps), it’s critical to remember that YOU are responsible for the security of your digital assets!
Disclaimer: This content is not intended to be financial advice. Investors should take the time to research any given product before depositing or investing their funds.