zkSync potential Airdrop

Though there is considerable chatter on Twitter regarding a potential ZKS coin airdrop, it remains mere speculation for now. The initial launch of the zkSync Era is not anticipated to include the release of the ZKS, as the network is still predominantly centralized. Matter Labs, the company behind zkSync, controls both the sequencer and prover, two critical components of the network's operation. Consequently, there is no immediate necessity for a coin at this stage.

Nonetheless, when the sequencer becomes decentralized, a native coin will be needed to facilitate permissionless participation in the validator set. The projected timeline for decentralizing the sequencer is approximately a year, once the prover and the core virtual machine engine achieve stability. At that point, the decentralized sequencer mechanism will be implemented, allowing validators to hold a stake.

The release date for ZKS by zkSync has not been determined, but once it is released, the potential airdrop could be substantial. As a result, it would be prudent to begin maximizing your chances of obtaining the ZKS airdrop by employing the zkSync Airdrop Strategy.

The zkSync Era chain is a layer-2 scaling solution for Ethereum, employing the cutting-edge ZK (Zero Knowledge) rollup technology. As one of the first zk-rollups to launch on the mainnet and support the Ethereum Virtual Machine (EVM), it enables existing Ethereum developers to seamlessly migrate their applications.

To qualify and optimize your chances for the zkSync airdrop, follow these steps:

Duration: 10 minutes

Cost: For this possible airdrop, there is no fixed minimum amount determined. But the more the better.

Step 0

Add zkSync ERA to MetaMask or frame wallet at here by clicking on “add to wallet”.

Adding zkSync Era Mainnet to your wallet.
Chainlist
Adding data from Sync Era Mainnet
Chainlist

Now your wallet is ready to start interacting with zkSync Era Mainnet.

Step 1

Bridge here.

The more volume you bridge, the better.

Depositing ETH on zkSync Era Mainnet
Bridge zkSync
Confirmation of Deposit
Bridge zkSync

Step 2

Engage with dApps on zkSync, such as SyncSwap. Navigate to SyncSwap and exchange some of your ETH for USDC.

Engage with dApps that have yet to issue their own assets. This strategy increases your likelihood of being eligible for not only the zkSync airdrop but also for any future assets these projects may release. This way, you'll be in line for potential rewards from two projects.
Swapping ETH for USDC on syncswap
Syncswap
Swap confirmation
Syncswap

Step 3

To provide liquidity, navigate to the “Pool” section on SyncSwap, where you will see a list of available pools such as ETH / USDC, BNB / ETH, ETH / BUSD, etc. Each pool offers a different APR. In this case, we will provide an example using the ETH / USDC pool.

You can find more information about the assets in the pool, such as their distribution, TVL, volume, and other details here.

Available pools
Syncswap
ETH/USDC pool
Syncswap

Go to the “Deposit” section, and add the amount of USDC and ETH you would like to provide to the pool. Then, before clicking on “Deposit” you will need to unlock your USDC so Syncswap has permission to spend it. To do this, click on “Unlock USDC.”

Unlocking confirmed
Syncswap

Now, you are ready to proceed with the transaction, so click on “Deposit”. The screen will then show a confirmation of your deposit.

Depositing USDC and ETH
Syncswap
Deposit of USDC and ETH confirmed
Syncswap

If you go to the “My Position” section, you will be able to see that regardless of the unequal amount of ETH and USDC you have provided, the pool has automatically redistributed your assets in a 50/50 ratio. As the distribution of the assets in this pool is 50/50 the pool will do the redistribution automatically therefore you do not need to have a 50/50 ratio of your assets beforehand.

You can withdraw your assets from the pool whenever you want. There is no lock, therefore your funds are always available.
My position
Syncswap

Withdrawing

Now, to withdraw your funds: go to the “Withdraw” section and choose the percentage of how much you wish to withdraw. In this case, we are going to withdraw 100% of what we originally provided. Additionally, you have the option to choose if you want to receive your funds as “Single” or “Balance.” Single means that you will receive your funds in either ETH or USDC while Balance means that you will receive your funds in ETH and USDC. Remember, though, that you will not necessarily receive the same distribution that you provided. In our example, we provided 18.18153 USDC and 0.05 ETH and we received back 56.508 USDC and 0.029 ETH, which means that we have more USDC but less ETH.

Before withdrawing your liquidity, you will need to click on “Permit LP token” which means you are allowing the protocol to use your LP token. After approving this, you are ready to proceed with the withdrawal, so click on “Withdraw liquidity” and you’re done.

Withdraw liquidity
Syncswap
Withdraw confirmation
Syncswap

Next, you need to create NFTs by heading over to MintSquareNFT. Once you approve the NFT transaction, a confirmation message will be displayed on the screen, indicating the successful minting of your NFT.

Now go to the zkSync explorer and check your balances and transactions you have made.

Once you visit Mint Square for minting the NFT, don't forget to be connected in the zkSync network.
Minting NFT at Mint Square
Mintsquare
NFT successfully minted
Mintsquare

You can try interaction with other DEXs such as Mute.io and SpaceFi using swap and providing liquidity. They both are together with SyncSwap in top 3 DEXs in TVL, therefore they should be safer for users.

Tip: If still skeptical about granting platforms access to your funds after completing tasks, you can revoke approval transactions anytime by using revoke cash after the job is done. A step-by-step tutorial is available to assist you in this process.

Another safe bridge you can use to do these transactions is Orbiter.

Finally, join the zkSync Twitter and Discord.

And that's it. Now you have done:

  • Bringing funds
  • Providing liquidity
  • Making swaps
  • Minting NFTs

By doing all the above steps, we are pretty sure we have a great position for the airdrop.

An intriguing aspect of the zkSync team is their sizable treasury, amassing over 450 million USD, making it one of the largest in the crypto world. Given this fact, it's less probable that they would sell additional assets to raise funds; rather, it's more likely they would opt for a substantial airdrop to boost adoption by drawing in as many early users as possible.

Finally, to optimize your airdrop potential, make sure to repeat all the steps weekly in order to generate consistent volume and activity.

Analyst Opinion

Speculating about a potential airdrop of any assets involves a certain level of risk. There is no guarantee that an airdrop will occur, nor is it clear what the inherent value of an asset on zkSync would be. Furthermore, fake offers and scams often target airdrops to defraud people.

Nevertheless, cautiously adopting strategies to participate in a potential zkSync airdrop early on could be a wise move, as it may increase the likelihood of reaping profits.

It is important to note that we are not financial advisors, and this information does not constitute financial advice. None of the content presented here is intended as specific financial guidance for any individual. This is not a recommendation to buy, sell, or invest. Keep in mind that there are significant risks associated with connecting your wallet to early-stage products or any online platform. Make sure you understand these risks before engaging in any interaction, and avoid using your main wallet. The information in this article is for educational purposes only. Always conduct your own research.

Maria Belen Martinez Andrasko

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