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If opportunity doesn't knock, build a door
Impromptu alpha as promised
It’s the 13th edition of Gems Corner. Today, I’ll be sharing an impromptu alpha I co-wrote with DeFi Saint.
Enjoy the gems.
Here’s what we’re covering today:
Making Six figures from zkSync Airdrop and bypassing Airdrop Sybil attacking
The Ultimate Guide to Farm zkSync Airdrop
All work and no play makes Jack a dull boy right??
Permit me to deviate a bit from our normal routine on “The present state of L2s” which we’ll resume in the next Newsletter and on and on we ride again……
The recent days and weeks have been crazy in CT, all due to the meme coin narrative, hype, and insane gains.
This has created a euphoric mentality on what crypto is about to the masses “The money printing factory”
Just in the recent few days, we’ve seen how $PEPE has made millionaires overnight and driven the meme coin narrative to its fullest and not everyone knows how to play these memes, this now begets the question “Are we in for the money or tech”
We are in for both now, Meme coins have made most of us think we aren’t serious to make it in this industry but just like the title of the newsletter said “If opportunity doesn’t knock, build a door”.
Let’s build that door together my friends.
Before we proceed, I’d like each and every one of us to ask ourselves these self-examination questions as I believe that there’s nothing one can’t achieve till there’s a reason for that
What is the reason that I am living and what is my purpose?
Why am I in this web3 industry and How long have I been here?
How can I make it even in the worst-case scenario?
This is my second year in this industry and I’ve made my retirement plan, you shouldn’t wait till you get rich by getting lucky.
Naval wrote on how to get rich without getting lucky, This should be on everyone’s radar, I bet you to always read this, so as to keep yourself in check.
Now let’s get it done, $PEPE made millionaires, and even gave some few Degens thousands of Dollars, Can I make this from Airdrop?
The answer is “Yes” but it depends on your strategy and due diligence
Let’s say the average zkSync Airdrop is worth $20k or more at peak like how $UNI, $DYDX, and $PSP were then.
That’s for just 1 wallet right?
Then 5 wallets is $100k, 10 wallets $200k e.t.c
Do you think you can’t do it or you’re still waiting for meme coins considering the R/R.
This strategy I’m about to expose you to now will get us six figures+ when zkSync Airdrop goes live.
Here’s what’s highly recommended:
Parallel space (For those using Android smartphones)
Multiple accounts (For those using Andriod smartphones)
PC (Chrome browser, Firefox, Brave e.t.c)
I’m farming zkSync airdrop with 5 different wallets (not accounts), How am I doing that?
I have an iPhone with one Metamask wallet, a PC with another Metamask wallet ( you can have multiple wallets with a PC as long as you create the extension with different browsers, and then an Android with multiple wallets using Parallel space or Multiple accounts).
The goal here is just to have different independent existing wallets separate from the original one. So whichever way works for you is fine.
Now we’ve created the wallets, we now have to add zkSync Era network and we can do that from https://chainlist.org/
Now we have to bridge from ETH Mainnet to zkSync Era which is zkSync’s zkEVM chain
That’s not all Frens, remember Arbitrum has two chains “Arbitrum one” and “Arbitrum Nova” and Arbitrum airdropped to those who bridge to both chains.
So we also need to bridge to zkSync Lite which is zkSync’s first zkRollup-based chain for payments.
This alone for one wallet should fetch us good money when zkSync launches an Airdrop, but that’s not all.
Here we need to maximize our on-chain activity so as to fall into these categories:
Txn based on Vol
How do we Maximize that:
Excluding zkSync Lite
Bridge to zkSync Era
Now we have $ETH on zkSync Era, then go to https://syncswap.xyz/
and swap $ETH to $USDC and then back to $ETH
Then you can withdraw the $ETH to Mainnet using zkSync Native Bridge.
I tried using other Cross-chain Bridges, but this couldn’t work.
N:B The withdrawals take up to 24hrs, So if you’re playing around with one fund with all, you’ll have to be patient and take this one after the other, but you shouldn’t move those funds all around the entire wallet, why? Doing that will rekt your chances of being eligible for the airdrop as your wallets will be labelled as a “Sybil attack”
Sybil attacking means when networked systems get gamed by a small number of accounts, creating multiple identities.
This is Illegal but at the same time the only way to make the most out of airdrops and you’ll have to be smart so as not to be hunted by Anti-Airdrop sybil attackers.
To read more on Airdrop Sybil attack, Click here.
The tweet above by Optimism shows how they recovered airdrops from Sybil attackers, so this is exactly what we tend to avoid here.
Also, here’s how Hop protocol approached the Airdrop Sybil attack and their mechanism to mitigate that.
I’ve researched these lately and found out that the Sybil attack detection almost follows same pattern.
Our aim is to farm as much with multiple wallets as to be free from being labelled as Sybil attack.
Here are the Criteria for labelling wallet addresses as Sybil attack:
Entities with more than 20 addresses
If all Txns of the airdrop recipient occur within 48 hrs.
If the airdrop recipient’s wallet balance is less than a minimum threshold e.g. Arbitrum used 0.005 ETH.
Addresses transferring funds in a cluster of more than 20 addresses
Addresses that are funded from the same source
Addresses with similar activity.
Also, Sybil attack can be detected by clusters using some onchain tools like Bubblemaps, Arkham Intelligence e.t.c
Now, we’ve known all these, we now have to devise a strategy to outperform this, because day-by-day protocols are getting smarter in their airdrop distribution.
Here is my approach to bypassing these criteria:
Use a minimum of 10 wallets and you can divide it into three segments.
Fund them from different sources
Do not follow similar activity in all the wallets e.g. it shouldn’t be used solemnly for only zkSync Interaction, Mix and use it for other on-chain activity so you won’t be fished easily
Be a repetitive user, you can use interact with the chain once a week for 3-5 months, the more you use, the more Txn vol you create (More tokens for you) and your on-chain activity increases.
Leave some balances in your wallet e.g. ≥ 0.005 ETH
With this strategy and you being consistent, Do you think you can’t make Six figures+
The lucky ones made that with memes, But we’ll make it off our sweat, Let’s ride on this journey together, I’ll reference and come back to this when zkSync Airdrops
Thanks for reading and if you like it, do leave feedback and forward it to your Friends. There is love in Sharing and see you next time.
Until next Friday,