Missed $ARB? Here is how to Interact on #LayerZero Labs.
What is LayerZero?
LayerZero is an omni chain interoperability protocol that enables cross-chain applications to be realized using a basic form of communication, It is a new form of cryptocurrency bridge that aims to link all EVM chains.
Their major Investors include #Binance , #a16z , and #polygon
Now please note that the $ZRO airdrop is yet to be confirmed, and everything we are doing here is based on speculations.
Let's Dive In👇
1. Use Stargate Finance
Stargate is the first and core decentralized application (dApp) developed by LayerZero that allows assets to be bridged across different chains using LayerZero technology.
It is currently also the largest dApp in terms of TVL at over $400 million dollars.
Bridge Assets with Stargate Transfer.
Under ‘From’: Choose the token that is in your wallet and the network for that token.
Under ‘To’: Select the token that you want to swap into and the network you wish to bridge over to.
Under ‘Total Amount’: Key in the amount of assets you would like to bridge over.
Once the above details have been keyed in, click on ‘Transfer’.
Provide Liquidity with Stargate Pool
Once you have connected your wallet, the platform will show you the available pools for you to deposit liquidity based on the assets in your wallet. Other than that, you can click on the ‘Top Pools’ to discover high yielding pools.
2. Use LiquidSwap by Pontem Network
LiquidSwap allows users to bridge assets across Aptos to other networks by using LayerZero technology.
Go to liquidwap website.
Connect the wallets for both networks. In this case, MetaMask is connected for the Ethereum network and Martian Wallet is connected for the Aptos network.
Select the token to be bridged over
Select the token you wish to receive
Select the network you wish to bridge over to
Enter the amount of token to be bridged
Click on ‘Transfer’ & Done.
3. Use Radiant Capital
Radiant Capital is an omnichain lending protocol and is available on both Arbitrum and BSC as it is built on LayerZero.
Go to https://app.radiant.capital/#/markets
Connect wallet and remember to switch to the correct network
Scroll down to find the available assets that a user can borrow or lend
To deposit, click on the ‘Deposit’ tab and enter the amount. Click on the ‘Deposit’ button. Users will earn the ‘Deposit APY’ by supplying the asset.
To borrow, click on the ‘Borrow’ tab and enter the amount. Click on the ‘Borrow’ button. Users will have to pay the ‘Borrow APY’ for borrowing the assets.
4. Use Hashflow
Hashflow is a cross-chain DEX that uses LayerZero. It has no slippage or MEV-front running, and is backed by prominent players.
Go to Hashflow exchange at https://app.hashflow.com/
Click on ‘Connect wallet’
Select the token to be bridged over
Select the token you wish to receive
Select the network you wish to bridge over to
Enter the amount of token to be bridged
Click on ‘Trade’ & Done.
And, here we come to the end.
As always, none of these are financial advice, so make sure you do your own research before aping in.
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That's all for now.
Until the next one, LFG🚀