Exploring Zerolend: The Future of Lending on zkSync
In the rapidly evolving DeFi landscape, Zerolend emerges as a groundbreaking lending protocol built on the zkSync Layer 2 solution, aiming to revolutionize how users lend and borrow digital assets. As the self-proclaimed leading lending protocol on Ethereum’s Layer 2 networks, Zerolend introduces a native stablecoin alongside offering lucrative opportunities for its users through an innovative airdrop farming strategy.
What Sets Zerolend Apart?
- Native Stablecoin ($ONEZ): Zerolend introduces $ONEZ, a yield-bearing stablecoin that captures native yield from lending activities, enhancing the DeFi experience within the zkSync ecosystem.
- DeFi Lending and Borrowing: At its core, Zerolend is a decentralized, non-custodial liquidity protocol that enables seamless lending and borrowing across various supported assets and chains, leveraging LayerZero technology for cross-chain interactions.
- Governance with $ZERO: The governance framework of Zerolend is powered by its native token, $ZERO, ensuring a community-driven approach to protocol decisions and updates.
- Innovative Features: From account abstraction enabling gas-less transactions to the upcoming integration of Real World Assets (RWA) and a privacy layer using zkStack, Zerolend is not just a lending platform but a comprehensive DeFi solution.
The Upcoming Airdrop: An Opportunity Not to Miss
Zerolend has announced an airdrop constituting 2% of its total supply, aiming to reward its early adopters and active participants. This initiative is designed to further engage the community and distribute the protocol’s governance tokens widely.
Step-by-Step Guide to Airdrop Farming with Zerolend:
- Register Your Wallet: Start by registering your wallet on Zero Gravity to earn an additional 20% rewards on the zerogravity tasks. (Use metamask wallet with zkSync network active)
- Engage with the Community: Join Zerolend’s Discord and verify your humanity, following up by joining their guild for full access.
- Follow on Social Media: Keep up with updates and engage by following Zerolend on Twitter.
- Complete Tasks on Zealy: Participate in various tasks through Zealy to maximize your airdrop potential.
- Supply and Borrow Liquidity: Contribute to the platform’s liquidity by supplying atleast $100usdc and borrowing $50 usdt on the Zerolend platform.
- Stake PYTH Tokens: Stake a minimum of 1000 $PYTH tokens on the Pyth staking platform, This is a Solana SPL token so you will need to do this on your Phantom wallet. Its also worth mentioning, the more you stake the more points you earn on Zerogravity.
- Link your EVM wallet: Go to the profile section of the Pyth staking site and paste your ETH wallet you used to register on Zerogravity into the field to link your EVM wallet to your Solana wallet.
- Refer your friends: If you like you can create a referral link and send it to your friends to earn additional points.
Note: More tasks will be added soon to boost your points so stay tuned.
Summary:
Zerolend is carving its niche within the DeFi space by offering an integrated lending solution on zkSync. By participating in the protocol’s lending, borrowing, and airdrop farming activities, users not only contribute to the ecosystem’s growth but also stand to gain substantial rewards. As the protocol gears up for its upcoming features and airdrop event, staying informed and actively participating remains key to leveraging the full potential of Zerolend.
