13 Jan 2025

Polygon zkEVM: An Airdrop Guide

Polygon zkEVM: An Airdrop Guide

Polygon zkEVM is a fresh protocol introduced by Polygon blockchain, employing zero-knowledge proofs to ensure quick and cost-effective transactions, all the while maintaining a high standard of security.

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During the early days of May, Sandeep Nailwal, the co-founder of the Polygon blockchain, took to Twitter to drop hints about an upcoming airdrop designed for Polygon zkEVM users. It still remains a mystery whether the reward will be doled out in the form of MATIC cryptocurrency or a brand-new token.

In this feature, we will delve into the various protocols and applications, interaction with which could possibly lead to an airdrop from Polygon zkEVM down the line.

Cross-chain bridges

Drawing upon reward data from several cryptocurrency projects, like Arbitrum, it can be seen that cross-chain transfers serve as a key indicator for securing a retrodrop. These transfers could involve shifting coins either to or from the Polygon zkEVM network.

Here are some of the most widely used cross-chain protocols that extend support to Polygon zkEVM:

Polygon's native bridge;

Bungee;

Orbiter Finance;

LayerSwap.

Certain bridges double as potential DeFi projects, thereby providing additional features like managing LP tokens and asset exchanges.

DeFi protocols and DEX exchanges

Decentralized platform activities encompass a wide range of actions such as token swapping within the Polygon zkEVM network, liquidity farming, voting for tokens belonging to specific platforms, and minting or transferring NFTs.

At present, Polygon zkEVM is compatible with a variety of DeFi applications:

QuickSwap;

0vix Protocol – a lending protocol, broadening the potential activity base to include loans and cryptocurrency lending;

Antfarm Finance;

Satori – a forthcoming decentralized exchange for cryptocurrency derivatives. You need to fill out a form to gain early access.

Cryptocurrency quest platforms

Currently, Zealy and Layer3 are the major platforms offering cryptocurrency quests on the Polygon zkEVM blockchain. A comprehensive review of these projects can be discovered on the official GNcrypto website. 

These quests might range from simple tasks like visiting a site or subscribing to social media channels, to more complex actions like executing transactions, minting NFTs, completing an educational test, or carrying out cross-chain transfers. The greater the number of transactions performed, the higher the user's blockchain ranking.

Ambassador program

Dedicated users and influencers can take part in an initiative comparable to an ambassador program by completing a specific form. The developers pledge a significant reward, which may even be in the form of a retrodrop, in exchange for content creation and promoting the brand. 

Conclusion and disclaimer

Due to the intense interest in Polygon zkEVM, transaction fees within the network have reached up to $25 per transaction. Given that Polygon already has its native token and the retrodrop hasn't been officially confirmed, engagement with the project may not bring about anticipated results.

Users should always be mindful of the potential risks when dealing with DeFi projects, such as potential breaches, cyber-attacks, and cryptocurrency application scams. As a result, it's crucial to thoroughly evaluate all aspects and risks of an activity before engaging with any project that might offer a retrodrop.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

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