zkSync is one of the biggest upcoming crypto airdrops you must not miss in 2023. And I’m here to show you how to maximise your potential reward.
I will teach you how to kill 3 birds with one stone in this zkSync airdrop guide.
The goal is for you to make as much money as possible on the chain while also positioning yourself for a massive airdrop.
But first…
What is zkSync?
zkSync is an Ethereum scaling layer 2 (L2) solution based on zk-rollups technology.
The chain is being developed by Matter Labs, a company that was co-founded in 2019 by Alex Gluchowski and Alexandr Vlasov.
Matter Labs has raised a record-breaking sum of $458 million from tier 1 VCs, including the Ethereum Foundation, a16z, Coinbase Ventures, alchemyVentures, etc.
So, they’re well-funded and backed by powerful entities, so any zkSync airdrop will be huge.
How does zkSync work?
zkSync works by combining several transactions together and sending them as a single transaction to the Ethereum mainchain for confirmation.
The cost of confirming this one big transaction on Ethereum is spread among all the users whose transactions on zkSync are included in it, thus making it cheaper for each person.
It uses zero-knowledge proof technology to show the Ethereum mainchain that all the transactions it bundled together are valid and follow the rules of the blockchain.
And Ethereum can confirm this without verifying every single transaction included in the bundle. This makes zkSync faster and cheaper than Ethereum without sacrificing security.
If you want to learn more about this much-hyped Ethereum scaling solution, check out the zkSync Era documentation.
With that out of the way, let’s go into today’s business of how to position yourself for the zkSync airdrop.
The zkSync token launch and potential airdrop
The zkSync (ZKS) token launch has been confirmed and the potential airdrop is huge.
According to Alex Gluchowski (Matter Labs CEO), the chain will require a token when it’s ready for decentralisation about a year from now —around March 2024.
So, here’s a simple step-by-step guide on how to position yourself for the ZKS airdrop and more.
Setting up your wallet for zkSync airdrop
The first step is to go to Chainlist and add the zkSync Era Mainnet network to your Metamask or whatever wallet you’re using.
You can also add the network to your wallet automatically when you try to interact with any of the dApps on zkSync for the first time.
Either way, your wallet will prompt you to approve adding the network. Go ahead and sign the approval transaction to automatically add zkSync to your wallet.
Also, you can add the network to your wallet manually if you want. To that, login to your Metamask wallet and click Add Network.
On the next screen, you’ll see several networks available to add automatically. If you don’t see zkSync Era Mainnet, then click Add a network manually.
Then, enter the below zkSync Era Mainnet network details and click save when done.
zkSync Era Mainnet network details
- Network name: zkSync Era Mainnet
- New RPC URL: https://mainnet.era.zksync.io
- Chain ID: 324
- Currency symbol: ETH
- Block explorer URL: https://explorer.zksync.io
Once done entering the network details, click Save and you’re done.
Next thing…
Fund your zkSync wallet with some ETH
You need to send some ETH to your zkSync wallet so you have money to play around with on the network. And this is where the fun begins!
The best way to fund your zkSync wallet right now is to use the official zkSync bridge to send ETH from the Ethereum network to zkSync Era.
Using this bridge will most likely have high consideration for the zkSync airdrop. So, try to use it if you can afford the Ethereum gas fees (usually around $5 to $7 on the bridge).
You can also use the Orbiter Finance multichain bridge which allows you to bridge ETH, USDC, USDT, and DAI from Ethereum and over half a dozen other chains to zkSync Era.
Orbiter Finance does not have a token yet and using the bridge earns you some points which could be used for potential airdrop consideration.
I suggest you use both bridges as often as you can as they’ll give you a good chance of landing massive airdrops.
Now that you have some ETH in your wallet, it’s time to interact with the network by using some of the most popular projects built on it.
Top 6 projects on zkSync you should be using to farm ZKS airdrop
Below, we discuss the top 6 projects on zkSync you should be using now to position yourself for the ZKS airdrop while going about your usual DeFi business.
1. zkSync Bridge
This is the official zkSync Era bridge that enables you to transfer ETH and a few other tokens between Ethereum and zkSync Era.
Transferring funds to zkSync using this bridge takes up to 5 minutes to process and costs whatever the prevailing Ethereum gas fee is at the time of the transaction.
And withdrawing from zkSync to Ethereum currently takes 24 hours because of a security protocol called execution delay. So, take note of that when using the bridge.
Every project on zkSync usually recommends using this bridge. So, I suggest you use it as much as you can because it most likely has a strong weight in the ZKS airdrop consideration.
Another popular bridge you can use is Orbiter. It’s cheaper and faster and is expected to also launch its token soon with a high probability of an airdrop.
Use both of them as often as you can, to maximise your potential zkSync airdrop and Orbiter Finance airdrop rewards.
2. SyncSwap
SyncSwap is the leading decentralised exchange (DEX) and DeFi protocol on zkSync, accounting for more than 50% of the total value locked (TVL) on the network.
It’s currently the Uniswap or PancakeSwap of the zkSync Era network.
Currently, you can trade or provide liquidity on SyncSwap to earn a share of the trading fees; or invest in new projects launching zkSync Era through its launchpad.
Most importantly, SyncSwap doesn’t have its own token yet. But the team has confirmed they’ll soon launch their token (SYNC), and many people expect there’ll be an airdrop for early users.
Check out my SyncSwap airdrop guide to learn how to position yourself for it if it happens.
The TLDR: Just trade and add liquidity to any of the pools on the platform. I added some liquidity to the ETH/USDC pool because it’s safer and the APR is good.
3. SpaceFi
SpaceFi is a DeFi protocol on zkSync Era that currently features a number of products including:
- a DEX,
- NFTs minting and staking,
- Yield Farms to stake your liquidity provider token and earn xSPACE in addition to the fees,
- Spacebase (it’s like a group which you can create by burning SPACE and inviting your friends to join. Both you and your friends get bonus mining rewards).
- Starter: a launchpad platform for new projects to raise funds and launch on zkSync Era.
- Bridge: A cross-chain token and NFT bridge currently supporting zkSync and Evmos. You can only transfer the SPACE tokens and SpaceFi Planet NFT assets through this bridge.
The exchange already has a native token, so an airdrop is unlikely, but using it will count towards the potential zkSync token (ZKS) airdrop.
Plus, there’re several lucrative liquidity pools and farms to invest in on the exchange. So, take advantage of them while hoping for a huge zkSync airdrop.
4. Mute
Mute is a leading DEX, yield farming, and bond platform built on Ethereum and zkSync. It’s the second-largest DEX on the network based on TVL.
The platform currently enables you to trade almost every token on zkSync Era and provide liquidity to earn a share of the fees. Its yield Farms and bond market are still not ready for you to use.
You will find all the shitcoins and rug pulls there. You can find any token you’re looking for on Mute using their contract address.
I bought $5 of a new token on Mute that’s already rugged in under a week. So, tread carefully to avoid getting burned. Hopefully, my zkSync (ZKS) airdrop will cover that (lol).
Mute has already launched its own token, so don’t expect an airdrop from them. But using the platform will qualify you for the potential zkSync airdrop.
5. Nexon Finance
Nexon is the first and native crypto lending protocol on zkSync Era.
The platform currently allows you to supply ETH and USDC as collateral, but you can only borrow USDC for now.
In crypto, being the first mover almost guarantees permanent dominance. So, I am rooting for Nexon to become the Aave or Compound Finance of the zkSync Era.
Furthermore, the project has not launched its own token yet, so it’s possible, they’ll do an airdrop or some form of reward for early users when they launch.
So, I’m lending some ETH and borrowing USDC on the platform until they release a token.
And if they don’t do an airdrop, I’ll still be fine knowing that my usage of the platform will count for the zkSync airdrop.
Plus, I’ll be consistently using it to lend and borrow on zkSync anyway as a normal part of my DeFi activities.
6. Mint Square
Mint Square is an NFT marketplace that enables you to mint and trade NFT assets zkSync Era.
The platform currently supports the zkSync and Starknet networks and aims to build the best multi-chain ZK-Rollup NFT marketplace.
Mint Square doesn’t have its own token yet, so using the platform to mint or trade your NFTs on zkSync could earn you double airdrop.
I sold some of my Skullverse NFTs on the platform for the first time and the experience was smooth.
Another great NFT marketplace on zkSync is zkMarkets. It’s popular among NFT traders on the network but I have not used it yet.
This is nowhere near an exhaustive list of the projects launching on zkSync, but they’re the best and most popular right now.
And you can discover other projects yourself by exploring the zkSync ecosystem and using the protocols that offer the products you want.
Participate in the zkSync quests on Zealy (Crew3) for more airdrop
You can earn more potential zkSync airdrop by participating and completing as many tasks as you can in their Zealy quests (formerly Crew3).
The tasks are very simple, such as following them on social media, reading their articles and tweets, and completing quizzes.
Frequently asked questions about zkSync
1. How can I claim the zkSync airdrop?
There’s no zkSync airdrop to claim at the moment. Follow the project’s social media channels and wait for an official announcement.
Avoid all the scammers online claiming they’ve claimed their zkSync airdrop and directing you to their scam website to do the same.
You will lose your money if you visit those sites.
I invite you to join our Discord channel to stay up to date with everything happening in crypto, and you’ll also know when zkSync launches its token or announce an airdrop.
2. When is the zkSync airdrop snapshot?
Nobody knows. Just start using the chain immediately and hope for the best.
3. Where can I find updates on zkSync?
Follow them on their various social media platforms for the latest updates and announcements.
Don’t get fooled by scammers. Verify any information on zkSync airdrop from official channels before acting on them.
Conclusion
The zkSync airdrop is going to be massive and you don’t want to miss it.
In this post, I’ve shared with you everything you need to know about zkSync and how to position yourself for the potential airdrop.
Basically, all you have to do is use the various dApps on the network as often as you can until they launch their token and announce an airdrop.
Many of these projects on zkSync also don’t have a token yet and are very likely to launch one and do an airdrop.
So, using them will be killing 3 birds with one stone —hopefully, you’re making money from your DeFi activities on zkSync, you get airdrop from some of these projects, and also qualify for the main ZKS airdrop.
Best of lucks in your zkSync airdrop hunt!
If you find this article helpful, please share it with the people you care about so they too can benefit.
“This post is not an endorsement or promotion of any project; it is intended to provide you with information on their potential airdrop only. Please note that the project(s) could fail or end up being a scam for any reason. Make sure you do your own research and know exactly what you’re doing before investing in any crypto project”.