1. What is Layerzero 1. About Layerzero LayerZero is a full-chain interoperability protocol designed for cross-chain transmission of lightweight messages. LayerZero provides authentic and guaranteed messaging with configurable distrust. Simply put, LayerZero is far more secure than other cross-chain protocols, and cross-chain is only one of the functions it can do, so it can get huge financing. Layerzero completed a $2M seed round in April 21, followed by $6.3M in September 21 and $135M in March 22. Participating institutions include Binance Labs, Multicoin, Delphi, A16Z, Uniswap, Polygon, Coinbase and many other institutions. The investment lineup can be said to be top-notch. 2. Layerzero tasks and difficulties:
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1. Layerzero is a full-chain protocol, and the main interaction is cross-chain
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2. Layerzero needs to complete a lot of cross-chain operations, arb-op, arb-aptos, matic-op...
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3. When crossing the chain, it is also necessary to consider the frequency, quantity, and retained funds
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4. $STG cross-chain, voting governance, adding liquidity
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5. At least 2 times a week ‣ Dapps, such as: RDNT for lending
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6. The airdrop task of Layerzero is very difficult and cumbersome for novices
2. LayerZero interaction process 1. Stargate Finance Stargate is the first application based on Layerzero, and is participated by the official LayerZero team. The relationship between them is the same as that of 0x and Matcha. The difference is that Matcha has not issued coins, while Stargate has issued coins (STG). As the first product of LayerZero, it is naturally an interactive project. 1. Purchase STG from any platform such as Uniswap or Binance and recommend staking on ETH 2. Go to Stargate Finance official website to pledge , connect wallet and pledge STG tokens to get voting power (Voting Power), check veSTG balance and lock-up time.
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3. Access the Snapshot on the StargateDAO interface , select "Join" on the left, and participate in governance and vote. All voting is currently closed, you can follow the official community and account to wait for new voting news.
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4. Use the Stargate bridge to cross-chain once a day for five days. 5 cross-chain behaviors per month. 2. RDNT cross-chain + pledge + loan project introduction: Radiant is a multi-chain loan project based on LayerZero/Stargate deployed on Arbitrum.
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app.radiant.capital Click Markets to enter, and select Ethereum, click Deposit to pledge, enter the amount of Ethereum you want to pledge, click Continue, click the deposit button, and the wallet confirms to complete the pledge;
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3. The testnet interaction needs to be the interaction between ETH testnet Goerli and Avalanche. You don’t need to spend your own money for the interaction, first go to the faucet to get the water, that is, to get the test coins, once a day. On the official Circle cross-chain bridge test network , you can see three faucet entries under the CONNECT button: Faucet USDC , Faucet ETH and Faucet AVAX .
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1. For Faucet USDC, first select the ETH network on the webpage, switch the Fox wallet to this network, then fill in the wallet address, perform human-machine verification, and finally submit.
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2. Faucet ETH, enter the faucet to register for Avalanche, but we can go to Chanlik to lead the water to add the little fox wallet to the Avalanche chain, or add the wallet directly to Chainlink, the page will prompt that the Ethereum main network is not supported, and then provide the information of the supported network, copy Paste to the little fox to add it.
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Enter the wallet address, pass the man-machine verification, and select Send Me.
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Wait for the transfer to complete.
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3. Faucet AVAX , open the URL to connect to the little fox wallet, click REQUEST 2 AVAX.
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After success, click Add Subnet to Metamask, approve in the pop-up window, and allow switching networks.
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Then open the little fox to see the 2 AVAX test coins received.
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If the above steps fail to add the Jump Avalanche Testnet to Little Fox, you can go to Chainlist , connect to the wallet, check Include Testnets, search for Fuji in the search box, select Avalanche Fuji Testnet after retrieval, and then click Add to Metamask to perform the test in the wallet Just confirm.
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4. Return to the Circle cross-chain bridge testnet after receiving the water , enter the amount to be cross-chained, click Transfer, confirm in the wallet, interact back and forth several times a day, and become an active user of the testnet. Each month requires five natural days for interaction. 4. Interactive RageTrade RageTrade is an on-chain derivatives trading platform built on Arbitrum. It is also based on LayerZero. Its RAGE token is still in the testing stage, but interactive RageTrade can also deploy ZRO tokens at the same time.
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For interactive contracts, currently only ETH-USDC can be selected. After selecting Long/Short, press Swap to trade. After the order is successful, you will see the position displayed at the bottom of the website.
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5. Interactive Aptos ecology❗Note: APT needs to be prepared as the gas fee for the interactive part on the mainnet. It is recommended to withdraw tokens directly from the centralized exchange. 1. Buy some LQD tokens on the Liquidswap website.
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Then go to Binance and other exchanges to buy some APT. In addition to the little fox, this part also uses the wallet in the ecology. There are the following three options, and the more popular one is Pontem: Pontem Wallet Martian Wallet Petra Aptos Wallet Little Fox Switch to Arb On the main network, Pontem wallet switches to the Mainnet main network, and then connects the Pontem wallet and Fox wallet to the cross-chain bridge , enters the amount and performs cross-chain.
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2. Then, when performing swa on Liquidswap to transfer tokens other than APT, the token must be added to the wallet before the transfer, otherwise the page will display "Recipient can'ti accept your transfer because token is not registered on their account ", the transfer failed. It is recommended to try with a small amount first to avoid asset problems. 3. If you want to try more, you can also provide liquidity on the Pools page. In this step, you must first connect Little Fox and Pontem, and then cross-chain. 6. Interactive AngleProtocol AngleProtocol is also an L0 main network project, and the token is ANGLE. Due to policy reasons, Angle cannot be used in some areas including the United States. If you have the habit of surfing the Internet scientifically, turn off the scientific Internet tool first, otherwise the webpage cannot be displayed normally. Link to Little Fox Wallet on the left menu bar. Because the Euro stable currency agEUR is required to use Bridge, first exchange any tokens through the Swap function to obtain agEUR points, then select Bridge to cross agEUR to other chains, and then cross back, and use the swap function to exchange the original tokens.
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7. Other protocols that can interact across chains 1. Hashflow (HFT) crosses the Arbitrum chain. This is relatively simple, first switch the Fox wallet to the Arb network, then go to the website , use some credits to exchange ETH for USDC or USDT, wait for a while before changing back, there is an unlocking (Unlock) step before the exchange .
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2. MugenFinance (MGN token, currently there are Deposit and Stake two ways of playing, first switch the little fox to the Arb network and then connect, you can interact with USDC)
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3. TraderJoe (JOE token, the official website URL will change depending on the chain, such as Arbitrum , Avalanche . After linking to the little fox wallet, exchange a certain amount of ETH or USDC for the platform token JOE, and then select the Bridge function in the menu bar at the top of the page. Cross-chain assets between Arb and Avalanche.)
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4. AvaultOmni
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5. xSwap (an L0-based cross-chain Swap application under SushiSwap)
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6. Lending platform tapioca_dao , MINT function beta test has been suspended and temporarily unavailable, BORROW and LEND can try
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The above items are recommended in order. Those who have issued coins can buy some coins, and interact three times a month, and each interaction costs about 10 knives. 8. Voting We can get the right to vote after pledging 26 STGs. Click the voting link and see a new proposal to participate in the voting
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Participate in voting governance and enter the L0 guild.xyz community to get various participating identity tags.
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What will the future blockchain world look like? What changes will LayerZero make to the blockchain and what impact will it have? I don’t know, but what is certain is that the future development of blockchain must be in the direction of interconnection, which is convenient for users and developers. The inventor of the World Wide Web, Tim Berners-Lee, said of design principles: "Simplicity and modularity are the cornerstones of software engineering; distribution and fault tolerance are the lifeblood of the Internet". Using the mature protocol modules on each chain in series and parallel, the killer app of web3 will burst out in the future. Geniuses need a stage, as well as hammers and nails. LayerZero can be used as the hammer and nails for web3 geniuses. What we, as ordinary web3 investors, have to do is not to miss every potential project, actively participate in the early ecological construction, and seek benefits from it. fight for interests.