πš£πš”πš‚πš’πš—πšŒ π™Άπšžπš’πšπšŽ
November 5th, 2023

Remark

As retrohunters, we’re all about zkSync Era, which is like a bullish zk-rollups in Layer 2 for Ethereum. The project has already raised $450 million from major funds, including a16z, and plans to issue a management token. The token is not expected to be released until the second quarter of 2024 at the earliest, which means we have plenty of time to scrutinize the project until at least the end of 2023. It should be noted that the criteria for zkSync may be adjusted after the token release from LayerZero, so it is important to keep an eye on updates. At the moment, the ecosystem in the zkSync Era network is at an early stage of development. However, there are already a significant number of dApps that support zkSync. You can keep track of the list of apps in the ecosystem on the official website at link. Some of them already work with the zkSync Era network and are labeled "Live on Era". You can find more information about each app on the website. If you are new and want to add the zkSync Era network to your Metamask wallet, you can use this link. By following these instructions, you will be able to connect to the zkSync Era network through your Metamask wallet.

π™°πš•πš πšŠπš’πšœ πšŒπš‘πšŠπš—πšπšŽ πš•πš˜πš  𝚐𝚊𝚜 πšœπšŽπšπšπš’πš—πšπšœ, πšπš‘πšŽπš’ πšπš˜πš—'𝚝 πš™πšŽπš—πšŠπš•πš’πš£πšŽ πš™πš›πš˜πš“πšŽπšŒπšπšœ πšπš˜πš› πšπš‘πšŠπš πšŠπš—πš πšŒπš‘πšŽπšŠπš πš πš’πšπš‘ πšŒπšžπšœπšπš˜πš– πšπ™Ώπ™².

Given that the ecosystem is at an early stage of development, it is recommended to follow the updates and news of the project, as the criteria and information may change over time.

Bridges

πŸͺ‚ Official Bridge : official bridge between zkSync Era and Etherium;

πŸŒ‰ Orbiter: bridge with support for a large number of networks including zkSync Era and zkSync Lite, often the most favorable option, no token, planned;

πŸŒ‰ Bungee: router from Socket, also has a Refuel feature (cheap native token translation) that works with zkSync network, no token planned.

πŸŒ‰ Layerswap: another bridge with support for a large number of networks, including zkSync Era and zkSync Lite;

πŸŒ‰ Celer Bridge: bridge from Celer, token is available, not the most favorable option;

Don't change settings in metamask
Don't change settings in metamask

DEX’s

We also whip up 3-4 per 2-3$ liquidity pairs in without token DEXs and toss 'em into yield farming. Mean, we sprinkle some DeFi positions across 3-4 different protocols, getting those sweet $2-3 yields on local zkSync tokens from projects in the ecosystem pools. πŸŒΎπŸ’°πŸ’Ž

The network is already alive and you can swap 1+ ETH with minimal price impact. But it's worth keeping a close eye on this and especially in new networks where there is little liquidity yet. The cheapest way to build up volume is to swap between stables, but not between any stables, but through only shitty stables BUSD and USD+.

You can check here the commission of UCDC-USDT and BUSD and USD+ pools and see clearly.

In almost all protocols, except SpaceFi, you can swap BUSD to USDC or USDC+ almost without losses, with a minimum allowable slippage (the amount of liquidity in protocols is different, so check pairs and price impact on amounts from 500-1k). Also, it is worth opening the dex settings and reduce the slippage to 0.2% for example. Reduce gas in the settings Metamask, from the Gas Limit remove 30-40%, in addition, many dApps do gas refund.

Optimization of gas in zkSync Era network, Metamask has a bug with gas calculation in the zkSync Era network, it is set by default higher than necessary, but after a transaction a part of commissions is returned (from 90 to 20%), you can see the real commission for a transaction in Explorer.
Optimization of gas in zkSync Era network, Metamask has a bug with gas calculation in the zkSync Era network, it is set by default higher than necessary, but after a transaction a part of commissions is returned (from 90 to 20%), you can see the real commission for a transaction in Explorer.
Now the method of manual change of gas limit during transaction is popular, in case of correct setting of limit, you will save 40-50% for transaction, however it is necessary to understand that if you have set a low limit and transaction fails - you will still be charged for gas.
Now the method of manual change of gas limit during transaction is popular, in case of correct setting of limit, you will save 40-50% for transaction, however it is necessary to understand that if you have set a low limit and transaction fails - you will still be charged for gas.

DEX’s Priority

  1. Izumi - has a campaign , in which points are awarded for swaps and liquidity, and based on the number of points, they promise to give out half of the potential ZkSync droll to users if they get it. Also, these guys have tasty APRs with normal liquidity for farming or pooling on stable/eth or stable/altcoin*(more profitable)* depending on your bullish or bearish mood. Swap in (BUSD)

  2. SyncSwap - will have their own token. Swap into (USD+)

  3. Velocore (USD+, BUSD)

  4. Overnight (USD+)

  5. MAV (BUSD)

  6. Odos (BUSD)

  7. 1inch (USD+)

  8. Mute (USD+)

  9. OpenOcean (BUSD)

DEFI

Here we will raise the transaction volumes in the network

πš‰πšŽπš›πš˜ π™»πšŽπš—πš - Use gasless supply/borrow volume in ZkSync from $1001+ making increasing volume tx's in ZkSync chain.

HOME -> CHOOSE COIN
HOME -> CHOOSE COIN
CHOOSE WRAPPED ETH OR ETH
CHOOSE WRAPPED ETH OR ETH
DON'T FORGET TO LEAVE THE ETH ON THE GAS
DON'T FORGET TO LEAVE THE ETH ON THE GAS
ADD TOKEN -> DASHBOARD
ADD TOKEN -> DASHBOARD
YOU CAN SEE YOUR POSITIONS ASSETS
YOU CAN SEE YOUR POSITIONS ASSETS
YOU CAN WITHDRAW YOUR SUPPLY  RIGHT AWAY
YOU CAN WITHDRAW YOUR SUPPLY RIGHT AWAY
WITHDRAW YOUR ETH THROUGH WRAPPED ETH
WITHDRAW YOUR ETH THROUGH WRAPPED ETH
THUS RACKING UP MORE TRANSACTIONS AND VOLUME, BUT DON'T ABUSE THESE
THUS RACKING UP MORE TRANSACTIONS AND VOLUME, BUT DON'T ABUSE THESE
NOW LET'S TRY TO BORROW
NOW LET'S TRY TO BORROW
GO BACK TO THE DASHBOARD AND TAKE ALL YOUR FUNDS FROM THE PLATFORM
GO BACK TO THE DASHBOARD AND TAKE ALL YOUR FUNDS FROM THE PLATFORM
DON'T FORGET TO START WITH THE WRAPPED COINS.
DON'T FORGET TO START WITH THE WRAPPED COINS.

Enter round sums without decimals, or there may be problems. Conducting the first phase of pre-mining of the ZERO token, for lending and borrowing. There is a guild ZERO Token Book

EraLend - as well as Izumi have launched a campaign for which they promise to give away some future ZkSync tokens if they get them. It's pretty simple here too, you can put ETH or USDC and borrow the same. Less risky is to supply USDC and borrow USDC.

ReactorFusion - As an extra, just to interact with the contract.

NFT

It's simple - go to marketplaces and buy the cheapest NFTs, then put them up for sale.

Domain names

And additionally, you can mint your own domain in ZkSync.

Don't forget to set your domain name to be visible in Web3
Don't forget to set your domain name to be visible in Web3

ZkSync Lite

This is the first version of ZkSync (1.0), which will probably be one of the drop criteria. In Metamask this network does not appear on its own, but is under the Ethereum network(ERC20). You can use either the official site or the bridges listed there

to deposit funds into it.

I recommend racing through Orbiter between Era and Light, thus building up bridge volume there and there. On the main wallet, use the official bridge. Also, as a deposit option, you can use withdrawal directly from OKX. In the same way, you can deposit back to the exchange in the ZkSync Lite network via Transfer. If you want, you can washing trades and volume in ZigZag.

Services of the zkSync Lite:

➾ lite.zksync.io(https://lite.zksync.io/): the network itself, wallet, balance is displayed only here (as a separate network in Metamask you can't add it), here(https://lite.zksync.io/account/top-up/) you can choose a bridge to replenish the balance (there are official(https://lite.zksync.io/transaction/deposit/) and bridges of ecosystem projects in ZkSync, as well as replenishment directly from ByBit), the first time you use it you need to activate your account (~1$);

➾ ZigZag(https://trade.zigzag.exchange/): DEX on the zkSync Lite network, no token, quite possibly a snapshot has already been made;

➾ Pinata(https://app.pinata.cloud/): allows you to create a CID for NFT minting, it's a web2 service, i.e. you don't need to connect your wallet to it, but you need mail to register. Upload a picture, copy the UID, paste it here and mint your NFT

Possible drop criteria

Let's talk about possible drop criteria and airdrop multipliers.

Highest probability:

  • Number of transactions in the network: 5/10/20/20/50/100+

  • Total transactions in the network: $1k/$10k/$50k/$100k

  • Number of active months: 1/3/5/10 High Probability

  • Number of interactions with different dApps and smart contracts: 5/10/20/50/100+*

  • Total liquidity provided: $1k/$10k/$50k/$100k

  • Total volume of all bridges: $1k/$10k/$50k/$100k

  • Using the official bridge

  • Activated zkSync Lite network**

*It should be noted that swap on one DEX but between different pairs (e.g. ETH/USDT and USDT/USDC) may involve different smart contracts. This item can be combined with the number of transactions, as it was in the Arbitrum example.

**Unlikely: Volume, number of transactions used of zkSync Lite official bridge. I consider this item to be unlikely, because I think that most likely the volume and number of transactions in two networks (Lite and Era) will be summarized, but the fact of activity in the Lite network (as a separate multiplier) will be important.

You can read here how to do ranking accounts.

⟁ DUNE AND CHECKING

Tier 1-2 Crypto Projects Analysis and Infographics on Dune.com and Checking bot in our Discord

zkSync Dune

Checking app

Afterword

At the moment zkSync - is the largest fundraising project without token in the mainnet, despite the great popularity to skip activity in this project is definitely not worth it. Compared to other L2 network is stable, commissions are not high. As a result, all of the above makes zkSync an attractive project for retrohunting, the project gets a high priority of working out and is inferior only to LayerZero (because there token will be released earlier), from zkSync we expect token release not earlier than Q2 2024, the time for working out is still enough, but it is desirable to "register" in the network as early as possible, and the volume to race already as will be possible. But you should not forget about diversification, do not make all bets only on one project. Perhaps, after the release of the drop from LayerZero, the metrics of this article will be revised, follow the updates.

Let me remind you of the basic information:

  • Don't link wallets, use sub-account/sub-account exchanges for withdrawals.

  • After the primary asset don't empty your wallet completely, even on sybils leave 10-15$ in ETH or any other token on the zkSync Era network.

  • Keep an eye on the gas. Customize gas limit, minus 35-40%

πšƒπš‘πšŽ 𝚜𝚝𝚞𝚍𝚒 πšπš›πš˜πš– πš‚πš‘πšŠπš›πš” πšπšŽπšœπšŽπšŠπš›πšŒπš‘ πš’πšœ πš™πš›πšŽπšœπšŽπš—πšπšŽπš πšπš˜πš› πš’πš—πšπš˜πš›πš–πšŠπšπš’πš˜πš—πšŠπš• πš™πšžπš›πš™πš˜πšœπšŽπšœ πšŠπš—πš 𝚍𝚘𝚎𝚜 πš—πš˜πš πšŒπšŠπš›πš›πš’ πšŠπš—πš’ πšπš’πš—πšŠπš—πšŒπš’πšŠπš• πšŠπšπšŸπš’πšŒπšŽ.

π™³πš’πšœπšŒπš˜πš›πš

π™Άπš’πšπ™±πš˜πš˜πš”

π™Άπš’πšπ™·πšžπš‹

Subscribe to Shark Research
Receive the latest updates directly to your inbox.
Nft graphic
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from Shark Research

Skeleton

Skeleton

Skeleton