Rage Trade and LayerZero Airdrop | Two Birds, One Stone

Welcome to the first edition of the airdrops chronicles. Each week I will post some tokenless projects, best practices, and how you can position yourself for future airdrops.

Here’s why I love airdrops

6 months ago I started seeing people posting about Arbitrum and that they were tokenless. I decided to try it for less than $50. With that $50 I started using many dexes, buying tokens and selling them back to purchase others.

Ultimately, I only lost the gas fees because I sold everything back for USDT. Last week I got my Arb airdrop and made $1,430. Let’s say I paid $30 for all my transactions, I still made $1,400!!! That’s almost a 50x on my money, and the best part is you learn a lot by doing them.

From using dexes, minting NFTs, adding liquidity, adding networks, and bridging. You are basically getting paid for learning, there’s nothing better than this.

You should not do airdrop farming if;

• You are looking for a quick buck. Again, I started playing with arb 6 months ago, so you have to be patient.
• You are not willing to put in the work and time. Other than gas money, it takes consistency to learn and take several transactions.

Lastly, before we dive into this week’s projects here are some tips:

• Create a burner wallet, and add some funds but only use that wallet for airdrops.
• Choose a day of the week when you can take all of your transactions.
• Keep track of total transactions, last time updated, total volume, etc.

LayerZero & Rage Trade

We are going to hit two birds with one stone utilizing this strategy.

LayerZero is an omnichain that lets you bridge or transfer native coins from one blockchain to another. One of the main projects that I use is Stargate Finance.

If you have some USDC on Polygon or any other chain best thing to do is to use Stargate.finance to transfer it to Arbitrum for Rage Trade. That will increase your chances for $ZRO tokens.

Rage Trade

This is a trading protocol, extremely simple to use. They are still tokenless but also using LayerZero’s technology, therefore, if you are using STG for transfers that’s one point but also taking trades on Rage should also increase your chances for LayerZero.

Leaving on the side LayerZero’s airdrop, Rage Trade is one of the most used protocols on Arbitrum. Receiving an Airdrop from them could be very rewarding. Here are the steps:

1. Visit https://www.rage.trade
2. Connect your wallet and select the Arbitrum Network
3. You will need USDC to deposit and trade (min $20)
4. For #3 you can use your preferred dex like Sushi, Uniswap, or transfer using STG from another blockchain
5. On the top right side, click on wallet and select deposit
6. You can either short or long ETH
7. Use some leverage but not a lot, I usually do 1–3x
8. Don’t focus on profit, use a low amount so if you make money good, but if you lose, it will not break the bank
9. Repeat the process several times a week

I drew some lines below some important information like your leverage, slippage for taking a trade, and wallet for depositing or withdrawing.

1. I usually take 2 trades per week. Most of the time I make $1–2 profit, but again that is not important.
2. Be aware that you will need ETH to pay for gas fees (usually $0.50c) and that Rage charges around $0.10 per trade.
3. Overall, this is something that you can do with less than $50. Since the trading platform calculates cumulated volume, 10 trades with $50 will show that your trading volume is $500.

I also made a video on Rage Trade with all the steps, if you are a visual learner, check the video and leave a like.

https://www.youtube.com/watch?v=xi9I4B99lIw

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That’s all I got for today, thank you for reading! 💜