ZeroLend is a decentralized, non-custodial liquidity protocol built on the zkSync ecosystem that enables users to act as liquidity providers or borrowers, with a focus on lending and borrowing across various supported assets and multiple chains. It features its yield-bearing stablecoin, $ONEZ, designed to capture native yield from the lending protocol with self-loan repaying capabilities, and is governed by the $ZERO token through a decentralized governance system. Additionally, ZeroLend is expanding its services to include account abstraction for gas-less transactions, integration of real-world assets, and a privacy layer utilizing zk proofs to ensure transaction privacy while complying with regulations.

Zerolend airdrop guide

ZeroLend has introduced a points system, which means the protocol could have an airdrop in the future. In this post, we are going to discuss how you can participate in Zerolend airdrop.

Zerolend Airdrop: Details

  • Zerolend Airdrop: Unconfirmed (but high chances).
  • TVL: 52M USD
  • Type: Lending, borrowing,
  • Funding raised:
  • Blockchains: ZkSync, Manta
  • Signup with Zerolend (20% Bonus)

Zerolend Funding and Investment

ZeroLend, a decentralized lending protocol within the zkSync ecosystem, has successfully completed a $3 million seed funding round at a $25 million valuation.

Zerolend logo

This round attracted a diverse group of investors, including Momentum 6, Blockchain Founders Fund, Morning Star Ventures, Banter Capital, Newman Capital, dVdT, Transform Capital, Cypher Capital, Bison Fund, Ozaru Ventures, iAngels, Krypital, Genblock, viaBTC, GBV, and Asteroid Capital. The funding will support the launch of ZeroLend’s native governance token, ZERO, slated for the first quarter of 2024, as the platform aims to enhance the borrowing and lending of digital assets securely and efficiently.

ZeroLend Airdrop Guide: How to participate in the upcoming Zerolend Airdrop?

The ZeroLend airdrop is just around the corner, presenting a prime opportunity for those interested in airdrop farming. To ensure you’re fully prepared, follow this step-by-step guide:

Prepare Your Funds: To participate, you must have funds available on either the Manta Pacific blockchain or the zkSync blockchain. These platforms are key to engaging with the ZeroLend ecosystem and qualifying for the airdrop.

Utilize a Referral Code for Additional Benefits: Securing a referral code before signing up is crucial as it grants a 20% bonus, enhancing your overall airdrop gain. While you’re free to use any referral code, taking advantage of ours maximizes your benefits from the start.

Sign Up with a Referral Link: Registration without a referral link is possible, but it results in earning fewer points compared to signing up with one. To make the most of this opportunity, use the link and code provided below:

By following these steps, you’ll be well on your way to successfully participating in the ZeroLend airdrop and maximizing your potential rewards. Don’t miss out on this chance to enhance your airdrop farming strategy with ZeroLend.

Step-by-Step Guide to Zerolend Airdrop Farming

Here is the step-by-step guide for getting started with ZeroLend:

  • Sign Up with an Invite Link: Begin by signing up on ZeroLend using a specific invite link provided to you. The link is provided above.
  • Link and Verify Your Discord Account: Connect your Discord account to ZeroLend and complete the verification process to ensure your account is secure and recognized.
  • Participate in the GM Channel: Navigate to the “GM” channel on Discord and greet with a “GM” message. This activity allows you to earn 10 points for each day you participate.
  • Supply Assets: You can lend assets such as ETH, USDC, USDT, Manta, and others on ZeroLend. This is a fundamental step to start accruing benefits from the platform.
  • Use Cross-Chain Bridges for Asset Transfer: If your assets are not on the required chain, employ cross-chain bridges like Synapse Protocol or Orbit.finance to bridge them. You will earn 1 point per day for every dollar you lend.
  • Borrow Assets to Increase Points: Boost your point earnings by borrowing assets. For every dollar borrowed, you receive 4 points. However, be mindful of liquidation risks. To mitigate this, consider borrowing assets similar to those you’ve supplied, keeping a healthy margin of 30 to 40% to maintain a high health factor.
  • Earn Extra Points as a PYTH Staker: If you stake PYTH, check your eligibility for additional points by clicking on the “Check Eligibility” option on the relevant page.
  • Stay Updated for More Opportunities: While there are more ways to earn ZeroLend points, they may not be available yet. Join the ZeroLend Telegram group to keep abreast of new steps and updates to maximize your points and benefits on the platform.

This guide is designed to help you navigate the ZeroLend platform efficiently, from sign-up to maximizing your points and understanding risk management in lending and borrowing activities.

Is Zerolend Airdrop Farming Risk-Free?

There are always risks with any blockchain protocol, whenever you are interacting with a smart contract. However, Zerolend is adited by multiple firms. You can check their audit report here. To be super safe, one can always sign up with a new wallet so that if things go wrong, the losses are minimized.

How much money do you need to farm on Zerolend?

Engaging with ZeroLend for farming activities is remarkably accessible, offering flexibility for both novice and seasoned participants. Importantly, there are no strict thresholds to begin; you can embark on your farming journey with an investment as modest as $10 or even less. This inclusivity allows individuals from diverse financial backgrounds to explore the benefits of decentralized finance (DeFi) without significant upfront capital.

In my personal experience, I’ve leveraged Manta tokens received from a previous airdrop, alongside additional tokens I’ve acquired, to farm on ZeroLend. This strategic approach not only puts my assets to work—potentially enhancing their value through farming rewards—but also positions me to qualify for further ecosystem airdrops. Thus, lending out Manta tokens on ZeroLend is not merely about earning from one source but about opening doors to multiple avenues for potential rewards.

By participating in ZeroLend with even a minimal investment, you not only gain exposure to the vibrant DeFi ecosystem but also stand a chance to significantly increase your digital asset portfolio through strategic farming and potential eligibility for additional airdrops.

How much Money can you make using Zerolend?

The financial benefits from participating in the ZeroLend airdrop can vary, but drawing from my personal experience, I can provide some estimations. These figures are based on active lending and borrowing within the platform:

  • For a Total Volume of $500: Engaging with a total lending and borrowing volume of around $500 over the next 30 to 60 days, participants can anticipate receiving approximately $100 in Zero tokens.
  • Daily Average of $501 to $1,000: If your daily average lending and borrowing volume ranges between $501 and $1,000, you might expect to earn around $250 worth of tokens.
  • Daily Average of $1,000 to $5,000: For those operating with a daily average volume between $1,000 and $5,000, the expected airdrop value could range from $251 to $1,000 in tokens.
  • Above $5,000 Daily Average: Participants with a daily average volume exceeding $5,000 can anticipate an airdrop reward exceeding $1,000 worth of tokens.

It’s important to note that these figures are indicative and based on my own experiences. Actual outcomes may vary due to the dynamic nature of DeFi activities and market conditions. However, this guide provides a rough framework of what one might expect from engaging actively with ZeroLend’s airdrop program.