Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover an emerging multichain money market that offers multiple airdrop strategies to play aside from its own upcoming $ZERO launch.
ZeroLend is a fork of Aave V3, known mainly for being the top ranked protocol by TVL to lend and borrow on zkSync but also supports Blast, Linea, Manta, and now Ethereum Mainnet with a growing focus on LRTs such as eETH by ether.fi and pufETH by Puffer Finance.
If you’ve ever used Aave, ZeroLend is very familiar thanks to features like isolation mode (lending isolated assets for yield), e-mode (high efficiency mode for borrowing like-assets), and a UI similar to Aave’s popular dApp for lending and borrowing.
With ZeroLend, we have lenders supplying stablecoins, ETH, LRTs, WBTC, and more for overcollateralized borrowers to borrow and pay interest based on the utilization of those pools.
What’s different is ZeroLend’s focus on newer emerging L2s such as zkSync. To date, ZeroLend has accrued just under $250M TVL since launching in March 2023 with a reported 322k unique active addresses.
ZeroLend has quite a few exciting developments in its roadmap to differentiate itself from being just another lending and borrowing protocol on L2s including:
Account Abstraction: This live feature allows for gas-less transactions, social logins, delegated transactions, etc.
Support for RWAs (coming Q2 2024): ZeroLend is looking to integrate these assets into the protocol to support a future trillion-dollar addressable market.
Privacy Layer Using zkStack (coming Q4 2024): Users will be able to lend/borrow assets using zk proofs and keep their transactions private.
ONEZ: A yield-bearing stablecoin designed to capture the native yield from the lending protocol along with self loan repaying capabilities. This token is live and used in a way similar to GHO but it is still extremely high-risk with little to no liquidity minted (less than $27.5k as of this writing
ZeroLend Governance ($ZERO): ZeroLend’s token for governing the ZeroLend Protocol, and currently in a “pre-mine” program being rewarded to lenders and borrowers of the protocol.
The Zero Gravity Space Travelers Reward Program is designed where every action (including joining Discord) earns you points that translate into real rewards in the form of ZERO tokens.
Zero Gravity Space Travelers will be airdropped an estimated 10%-18% of ZERO’s circulating supply upon launch. This airdrop is based on the accumulated points of each participant.
Each point you hold is valued at 1 USD per day, making your activity directly contribute to your share of the airdrop. So if a user accumulates 1% of all points awarded, they will be entitled to 1% of 3% of the entire $ZERO token supply.
The TGE for ZERO is expected some time in Q1 2024 so it could be any day but might take us into the first few weeks of April. The distribution and vesting of tokens can be found here in ZeroLend docs.
Today, I’ll show how I can act quickly to capitalize on the ZERO airdrop in addition to airdrops tied to EigenLayer, zkSync, Blast, and/or Linea.
How to Play The ZeroLend ZERO Airdrop + 4 More Airdrops
Before we get started, please be aware of these risks.
- Smart contract risk ZeroLend
- Front-end spoof attack…
DeFi Dad is one of the earliest power users of DeFi, having worked with early Ethereum startups going back to 2018, including Zapper.
