LayerZero Airdrop

LayerZero Airdrop Guide

LayerZero Overview

LayerZero is a trustless omnichain interoperability protocol that provides a powerful, low level communication primitive upon which a diverse set of cross-chain applications can be built. Using this new primitive, developers can implement seamless inter-chain applications like a cross-chain DEX or multi-chain yield aggregator without having to rely on a trusted custodian or intermediate transactions.

Guide:

1. Join the LayerZero Discord.
2. Use Stargate Finance to bridge a small amount of ETH from Ethereum to another chain like Arbitrum or Optimism.
3. Buy a small amount of $STG tokens (Ethereum Network) on Uniswap or 1Inch.
4. Your $STG tokens will allow you to vote on proposals. Vote here: https://snapshot.org/#/stgdao.eth
5. Execute some testnet transactions. Bridge USDC from the Ethereum Goerli Testnet to the Avalanche Fuji Testnet and back again: https://usdcdemo.layerzero.network/bridge. Use the faucets at the bottom of the page to get the needed testnet tokens.
6. (Optional) Bridge some funds around. This can get a bit costly in gas fees. Bridge across Ethereum, Aptos, Arbitrum, and Optimism using LiquidSwap and/or the Aptos Bridge.

Additional Advanced Guide | Author: Stonkboy.eth (Community Analyst)

What is BTC.b?

BTC.b, a token representing Bitcoin on Avalanche and automatically bridged (transferred cross-chain) in Core, is now an Omnichain Fungible Token (OFT) that quickly, securely transfers to and from Avalanche and Ethereum, Polygon, Arbitrum, Aptos, or any other blockchain supported by LayerZero in the future.

Read more here - https://bitcoinbridge.network/faq

For btc.b analytics, go here:

1. https://dune.com/gghrpg/wbtc-vs-btcb
2. https://dune.com/gfkacid/btcb-avalanche-bridge

Note: This requires relatively advanced experience in DeFi. Please make sure you’re familiar with DeFi before continuing.

METHOD 1 - shorter method if you already have funds on an Avalanche wallet. If you need funds on Avax, use Stargate to bridge (see #1 below), as Stargate uses the LayerZero framework.

1. Bridge Funds to Avalanche here - https://stargate.finance/transfer
2. Buy BTC.b on Trader Joe here.
1. Must have funds on the Avalanche Network.

3. Connect your EVM and Aptos wallets here.
4. Bridge assets between different networks.

METHOD 2 - This method will allow you to send $BTC from a Bitcoin wallet to Avalanche. This $BTC will then be bridged to Avalanche’s C-Chain as BTC.b. This method is useful if you have some spare BTC in a Bitcoin wallet.

To get BTC.b:

1. Have some native BTC on Xverse wallet (unisat works too.) This works out well because many of us have funded wallets from brc20 mints.
1. You can send BTC from taproot addresses (start with “b21”) and Script addresses (start with “3”).
2. Download the Core Wallet from Avalanche https://core.app/en/
1. Go here to learn how to import your ledger to Core: https://support.ledger.com/hc/en-us/articles/8005229479069-Set-up-and-use-Core-web-to-access-your-Ledger-Avalanche-AVAX-account?support=true

This way, you can bridge from the Bitcoin network to Avalanche using the same address you’ve been using for other airdop activities (if you’ve been performing any).

1. If you don’t have a ledger or just want to make a new wallet, write your seed-phrase down (don’t take a picture of it! Devices can be hacked.)
2. Make sure you are connected to the Bitcoin Network within Core

1. Open the bitcoin wallet and find your address.

1. Deposit BTC and wait for confirmation.
1. The minimum bridge amount to Avalanche is 0.00125 $BTC so make sure you send at least that to your Core BTC address.
2. Bridge to Avalanche. The Core wallet automatically uses LayerZero for you, since LayerZero is the underlying bridge mechanism. Wait for the bridging process to complete. You should see:

1. Congratulations! You just used LayerZero to bridge BTC into Btc.b on Avalanche. You can further bridge Avalanche’s BTC.b around to other chains using LayerZero by going here: https://bitcoinbridge.network/bridge.
1. Connect Core to BitcoinBridge and select the network you want to bridge to. Make sure you know how to access the wallet your bridging to, usually by adding the network to metamask and importing the btc.b token address.