Airdrop Alert 🚨: Let's make some $🤑
If you missed Arbitrum, don't miss on this one. An opportunity worth $$$!!
No more looking around for Airdrop opportunities, we will bring them right in your inbox! With detailed steps.
Today we have a potential airdrop for Linea Blockchain, and this letter covers
Project Overview
Comparison with other L2
Funding Details
DeFi
Airdrop Hunting
Project Overview
Linea Mainnet was launched on July 11, 2023, during the EthCC conference in Paris. It’s a layer-2 scaling solution for Ethereum that uses zero-knowledge proofs to achieve high throughput and low gas fees.
The mainnet launch was preceded by a successful testnet phase that saw 5.5 million unique wallets commit over 47 million transactions in three months.
Here are some of the key features of Linea Mainnet:
High throughput: Linea can process up to 10,000 transactions per second, which is significantly faster than Ethereum Mainnet.
Low gas fees: The average gas fee on Linea is around $0.001, which is orders of magnitude cheaper than Ethereum Mainnet.
Zero-knowledge proofs: Linea uses zero-knowledge proofs to verify transactions, which provides strong security guarantees.
EVM compatibility: Linea is compatible with the Ethereum Virtual Machine (EVM), which means that existing Ethereum dApps can be easily ported to Linea.
Linea Mainnet is still in its early stages, but it has the potential to be a major player in the Ethereum scaling ecosystem.
Comparing with other L2s 👀
Let’s have a look in the top performing Ethereum Layer-2 solutions
As we can see Linea is the 6th largest ZK Rollup Layer 2, and 12th largest scaling solution for Ethereum. Even though the numbers are as impressive as it’s peers like Arbitrum, Optimism or Zksync, Simply TVL(Total Value Locked) doesn’t tell the full story
As you can see, Linea Mainnet has the highest throughput and lowest gas fees of the four solutions. However, it is still in its early stages(early stage = opportunity) and has a smaller ecosystem than the other solutions. Arbitrum, Optimism, and zkSync are all more mature solutions with larger ecosystems.
There are some very convincing tail winds due to which Linea might be poised for drastic growth in the coming Bull Market, One of them is their Backers.
Backers and Funding
Even though Linea directly doesn’t have much funding directly it is backed by one of the largest companies in the web3 space, ConsenSys, developers of Metamask.
Funding : $726.7M ✨
Source : https://www.crunchbase.com/organization/consensus-systems
Defi ⚡
Even though all major chains are in a downtrend in volume, TVl, developer activity ,for Linea it’s on the rise, every metric is growing, the possible reasoning will be discussed later.
On a monthly basis
TVL is up +79.92%
Top 3 protocols by TVL for you to explore
You swap tokens, add liquidity, lend, borrow etc.
One of the major reason for this surge in TVL is anticipation of a token Airdrop, which could be worth $5000+
Airdrop Hunting 🔥
Airdrop is when any project rewards it’s early adopters or people who have interacted on their platform based on certain criterias with tokens.
Similiarly many are anticipating a $LINEA airdrop
Let’s dive into some actionable steps which might qualify you for this Potential Airdrop
Bridging using Stargate Finance
Link :- https://stargate.finance/transfer?utm_source=Layer3
Go to above link
Connect Wallet
In “To” select Linea and in “from” select any network where you have $ETH
Transfer
Swap using pancake swap
Link :- Here
Connect wallet select network as Linea Mainnet
Go to trade and swap some $ETH to $USDC
DONE!
You can also use other DEXes like syncswap or kyberswap mentioned above.
Buying a NFT!
We are buying a NFT only for the sake of interacting, hence you can buy any cheap NFT like any Official Linea Voyage NFT.
We are using the element NFT marketplace for this task.
Link :- https://element.market/collections/linea-voyage
After doing the above tasks you can claim your XP in Layer 3 :-https://layer3.xyz/collections/linea-on-layer3
Adding Liquidity on KyberSwap
Now that we have some $ETH and $USDC we can provide liquidity and earn a juicy 35% yield on kyber swap
If you don’t know anything about impermanent loss you can add to stable pools like USDC/USDT too!
Link :- https://kyberswap.com/pools/linea?tab=elasti
Official Bridge
Link :- https://bridge.linea.build/
Bridge atleast 3 times on official from Ethereum mainnet to Linea mainnet or vice versa.
Arbitrum Airdrop had a similar criteria, hence don’t fade
Most of the basic dApp interactions are DONE!
If you want to explore further on your own
List of all official dApps on Linea : - https://linea.build/apps