Zerolend & LayerZero Airdrop

It’s the season of the zero airdrop, the long awaited layer zero airdrop just announced its phase 1 snapshot. This has given a lot of people who were active in the airdrop farming hope. In late 2022 and early 2023 I was actively farming layer zero but it was getting over saturated and the cost for farming was getting too expensive so I had to stop. I didn’t want to waste a lot of money farming something that eligibility will be made to hard to reach. For instance, look at starknet and what it did to us who interacted, made all efforts and money spent wasted. I checked my airdrop farming volume and I saw $700 meanwhile other people are making over $40k volume.

Sybil in airdrop hunting is a thing, where people use different wallets to farm an airdrop thereby having more airdrop than others. For instance, some people can use 10 wallets farming one airdrop, this means more rewards for them, thereby making others have less. We are in Web 3.0 space where decentralisation is the key, so it’s hard to catch Sybil, but layer zero just introduced a sybil self reporting program where you can report your wallet as sybil and receive 14% of your airdrop. This is going to cause a lot of chaos because how can they differentiate sybil from non sybil. Usually they used to use transactions to detect, if the same wallet shares token amongst theirselves they are considered sybil.

Layer zero is expected to be a huge airdrop, but you never know how huge an airdrop is going to be until they launch. The next zero airdrop is the zero lend airdrop. It’s a lending platform where you supply liquidity and earn an airdrop. The airdrop is expected to happen on May 6th, never know how profitable it will be until then, this is the first zero projects, I hope it becomes profitable, because, lately some certain airdrops have been making the community regret participating.

Posted Using InLeo Alpha