Maximizing Your StarkNet Airdrop: A Step-by-Step Guide
With recent airdrops like Arbitrum’s $ARB yielding some people more than $10,000 of tokens, participating in developing protocols and networks can be a lucrative venture. StarkNet, a Layer 2 (L2)protocol that utilizes zero-knowledge technologies, is one platform with an upcoming airdrop that’s been generating buzz in the crypto community.
After raising $282 million in funding from VCs, Starkware launched its mainnet in November 2021 and has since enjoyed a rapidly expanding ecosystem. In this article, we’ll provide a step-by-step guide on how to participate in the StarkNet ecosystem and maximize your eligibility for the airdrop. While there are both testnet and mainnet strategies to airdrop participation, as the mainnet has already launched, we focus here on the mainnet strategy.
As always, remember: StarkNet is a developing ecosystem, so users should do their own research and assess their risk before bridging their funds. This article does not constitute financial advice. But if you’re ready to get started, following are the steps to maximize your eligibility for the StarkNet token airdrop.
How to Get the Getting the StarkNet Mainnet Airdrop
The greater the volume, value, and frequency of transactions you bridge to and use on the protocol and applications, the greater the value of the airdrop you’re likely to receive. So, mark your calendars and establish weekly processes around the following steps to maximize your eligibility.
1. Set up a StarkNet wallet using either Argent or Braavos
2. Bridge funds from Ethereum to StarkNet mainnet using both (a) Starkgate and (b) Orbiter Finance
Starkgate is StarkNet’s official bridge, providing a secure and user-friendly experience.
Orbiter Finance is a decentralized bridge that allows for cross-chain asset transfers between Ethereum and multiple Layer 2 (L2) blockchains.
Both bridges allow you to bridge multiple tokens.
3. Swap on Argent
If you’re using the Argent wallet, complete a ETH-USDC token swap on StarkNet in the browser extension or mobile app. This may also make you eligible for a future Argent airdrop.
4. Swap and add liquidity on StarkNet DeFi platforms
You don’t have to use all the following platforms, but the more you use and the more frequently, the more likely you are to receive a larger airdrop. Start with small amounts only, as these are early stage platforms.
- 10KSwap: a decentralized exchange built on StarkNet that offers fast and cheap trades with no slippage.
- JediSwap: a decentralized exchange with a focus on user experience and community-driven development.
- MySwap: a decentralized exchange with low fees and fast transactions.
- SithSwap: a decentralized exchange with a dark theme and a focus on privacy.
5. Mint an NFT at Mint Square
Mint Square is a platform for creating and trading NFTs on L2 protocols.
6. Trade NFTs at Aspect
Aspect is a marketplace for buying and selling NFTs on StarkNet.
7. Lend or borrow funds at Alpha Nostra Finance
Alpha Nostra is a lending and borrowing platform on StarkNet.
8. Get a StarkNet ID domain at StarkNet.id
You can mint your own domain at app.starknet.id.
You can also try to do get one for free using instructions from @Abrahamchase09 on Twitter, although the process does look a little lengthy!
A Thread 🧵
— CHASE💀 (@Abrahamchase09) November 5, 2022
Remember, you don’t have to use every platform on this list. But the more platforms you use and the more you repeat-use them, and the greater the volume, value, and frequency of transactions you bridge to and use on the protocol and applications, the greater the value of the airdrop you’re likely to receive.
StarkNet is one of the most promising layer-2 protocols with a thriving ecosystem. It would be no surprise if early participants are rewarded well in a future airdrop.