What is ZeroFi Airdrop and How to Claim It?

ZeroFi is an exciting platform in the world of decentralized finance (DeFi) that offers a unique solution to a longstanding challenge. 

The platform allows non-EVM (Ethereum Virtual Machine) assets like Bitcoin (BTC) and Monero (XMR) to participate in Ethereum-based DeFi applications.

This opens the door for holders of these assets to engage in lending, borrowing, trading, and liquidity provision without the need to sell their original assets. 

ZeroFi's protocol wraps these assets into a new token format known as zAssets, which are ERC-20 tokens backed by the native asset on a 1:1 basis.

The ZeroFi Airdrop is an exciting opportunity for early adopters, providing a chance to earn ZFI tokens by participating in the platform’s testnet and early mainnet activities. 

In this article, we'll explain what the ZeroFi Airdrop is and how you can claim it.

What is ZeroFi Airdrop?

The ZeroFi Airdrop is part of the platform’s incentive program aimed at rewarding early participants who engage with its testnet and contribute to the development of the protocol. 

ZeroFi is a cross-chain bridging solution that lets non-EVM assets interact with Ethereum-based DeFi protocols.

However, before the platform goes fully live on the mainnet, it’s running a testnet phase where users can participate and earn ZFI tokens through an airdrop allocation.\

The ZFI token is designed to be the native token of the ZeroFi ecosystem and will play a vital role in governance, staking, and liquidity mining. 

ZeroFi has confirmed that 10% of the total supply of ZFI tokens will be allocated to early users who participate in the airdrop.

This is a significant opportunity for those interested in securing tokens at the outset of a promising DeFi protocol. 

The airdrop will reward users who interact with the testnet bridge and take part in the beta phase of the mainnet launch (expected at the end of Q4 2025).

Why is ZeroFi Airdrop Important?

ZeroFi’s non-custodial approach to bridging assets provides users with access to a vast array of DeFi protocols without requiring them to liquidate their holdings.

As assets like Bitcoin and Monero become usable on Ethereum’s DeFi platform, more users will be able to unlock the value of their digital assets in innovative ways. 

ZeroFi’s airdrop is crucial for building a loyal user base and incentivizing early adoption of its platform.

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How to Claim ZeroFi Airdrop?

Claiming your ZeroFi Airdrop tokens involves a few essential steps. By following the steps below, you’ll be able to participate in the testnet and qualify for the airdrop.

Step 1: Obtain Sepolia Test ETH

First, you’ll need some Sepolia Test ETH to cover gas fees during the testnet. You can get test ETH from a faucet such as the Sepolia testnet faucet. 

It’s recommended to use a wallet like Rabby to fund your wallet with test ETH for gas transactions on the Ethereum network.

Step 2: Obtain XMR (Monero)

Next, you’ll need Monero (XMR), as it’s one of the assets that ZeroFi bridges to the Ethereum network. 

To acquire XMR, you’ll need to download a wallet that supports Monero, such as Cake Wallet (available for mobile and MacOS).

Once you have the wallet, buy a small amount of ETH from a popular exchange like Binance and send it to your Cake Wallet. Then, within the Cake Wallet, swap ETH for XMR.

Step 3: Add zXMR as a Custom Token

Now that you have XMR, the next step is to add the zXMR token to your wallet. Open your Rabby browser wallet and navigate to “Custom Networks.” 

Select “Token,” and then add the following contract address for zXMR: 0x0150614896eea01ce6Cb09C63B09d65fFf810A43.

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Step 4: Wrap XMR to zXMR

After adding the zXMR token to your wallet, go to the ZeroFi bridge interface. Choose XMR as your source asset and zXMR as the destination asset. Enter your Ethereum wallet address and click on “Initialize Bridge.” 

This action will provide you with an XMR deposit address. Deposit a small amount of XMR (recommended: 0.001 XMR) from your Cake Wallet to the address. After the deposit, confirm the wrap transaction.

Step 5: Unwrap zXMR to XMR

Once you’ve completed the wrap process, you can reverse it by unwrapping zXMR back to XMR. To do this, select zXMR as the source asset and XMR as the destination. 

Complete the unwrap transaction, demonstrating that the bridging process works in both directions.

Step 6: Complete Multiple Bridge Transactions

To increase your chances of receiving a more significant airdrop, perform multiple wrap/unwrap transactions. 

Each interaction with the ZeroFi testnet bridge enhances your eligibility, making your account more likely to qualify for a larger share of the airdrop rewards.

Conclusion

The ZeroFi Airdrop is an exciting opportunity for early adopters to receive ZFI tokens by participating in the platform’s testnet and engaging with its innovative cross‑chain bridge. 

By following the steps outlined above, you can wrap and unwrap XMR, test the platform’s functionality, and maximize your chances of earning tokens.

As ZeroFi continues to develop its ecosystem, early participants will be crucial to the success of the protocol.

Ready to explore crypto trading or learn more about blockchain trends? Head over to Bitrue Exchange to trade assets or visit the Bitrue Blog for the latest crypto insights and news.

FAQ

What assets can I bridge on ZeroFi?

ZeroFi supports non-EVM assets, particularly Bitcoin and Monero, allowing them to interact with Ethereum DeFi. The testnet currently supports XMR bridging, with additional assets planned for the mainnet launch.

Do I need real XMR for the testnet?

Yes, you need a small amount of real XMR (0.001 XMR) to participate in the testnet bridging process.

When will the ZFI token launch?

ZeroFi has not yet announced a specific launch date for the ZFI token. It is expected to launch after the testnet phase concludes and the mainnet goes live.

How is airdrop allocation calculated?

The specific formulas for airdrop allocation have not been disclosed. However, participating in the testnet and mainnet beta phase increases your chances of receiving the airdrop.

Can I participate after the mainnet launch?

Yes, you can still qualify for the airdrop after the mainnet launch, especially if you participated in the testnet phase or during the early beta stages.