theblock101

    Hunting Airdrops/Retroactive Rewards with Hyperlane

    ByVinz Nguyen06/05/2024
    Hyperlane stands out as one of the most promising projects for Airdrops and Retroactive rewards in the current landscape. So, what makes this project noteworthy? Let's delve into an overview of Hyperlane.  

    1. Overview of Hyperlane

    Hyperlane is an infrastructure project aimed at interconnecting various blockchains and enhancing their interoperability.

    In simple terms, it functions similarly to projects like Wormhole and Layerzero, both of which have garnered attention for their attractive Airdrop initiatives.

    Moreover, Hyperlane has successfully raised $18 million in funding towards the end of 2022, with participation from reputable venture capital firms such as Coinfund, Variant, Circle, Kraken, and Galaxy. This substantial investment indicates strong support and confidence in the project's vision and potential.

    Hyperlane investors
    Hyperlane investors

    2. Guide to claiming Retroactive rewards with Hyperlane

    As Hyperlane serves as an infrastructure protocol facilitating cross-chain connections, engaging in Retroactive rewards mainly involves conducting bridge transactions within the protocol.

    However, since Hyperlane currently supports various blockchains, you should prepare funds for bridging across multiple blockchains and interacting with a diverse range of products, such as:

    • $TIA on the Celestia Blockchain
    • $INJ on the Injective Blockchain
    • Transaction fees on the Arbitrum network

    Step 1: Visit https://www.usenexus.org/

    Step 2: Connect your Celestia wallet and select the destination blockchain. Here, I will choose to bridge from Celestia to Arbitrum.

    In the Recipient Address field, input the address of your desired Arbitrum network wallet where you want to receive the funds.

    Bridge assets from Celestia via Hyperlane
    Bridge assets from Celestia via Hyperlane

    Step 3: After successfully transferring $TIA to the Arbitrum network, proceed to transfer $TIA to the Neutron network.

    In the "Recipient Address" section, you can click on "SELF" to automatically transfer to the connected wallet.

    Continue Bridge from Arbitrum via Hyperlane
    Continue Bridge from Arbitrum via Hyperlane

    Then, you can reverse bridge from Neutron back to Manta or Arbitrum. Here, I will use Arbitrum for the reverse bridge.

    Continue Bridge from Neutron to Manta or Arbitrum
    Continue Bridge from Neutron to Manta or Arbitrum

    Next, let's explore Hyperlane through the Injective blockchain:

    Step 1: Visit https://bridge.inevm.com/

    Connect your Injective wallet and EVM wallet.

    Step 2: Visit https://chainlist.org/?search=inj to connect your EVM wallet and add the inEVM network to your MetaMask wallet.

    Step 3: Transfer $INJ from the Injective Chain to inEVM.

    Transfer assets to inEVM via Hyperlane
    Transfer assets to inEVM via Hyperlane

    We will interact with Hyperlane through Merkly. In Merkly, I advise users to utilize the Bridge token or perform 1-2 NFTs bridge transactions, avoiding excessive transaction spam to mitigate Sybil risks, similar to Layerzero.

    Step 1: Access https://minter.merkly.com/hyperlane/token

    Step 2: Choose the amount of money you want to transfer and select the destination blockchain.

    Transfer assets through Hyperlane using Merkly
    Transfer assets through Hyperlane using Merkly

    We've provided comprehensive instructions for engaging with Hyperlane's Airdrop/Retroactive reward system, highlighting its potential for users.

    Additionally, you can check your transaction volume on the Hyperlane platform through the explorer below: https://explorer.hyperlane.xyz/?

    Currently, projects have tightened Sybil filtering criteria, so I also have some advice for Airdrop farmers:

    • Avoid performing multiple transactions with the same amount of money close together in time (to avoid excessive duplication).
    • Always maintain a balance of more than $20 (For multi-chain platforms like Hyperlane, aim for over $200 across all blockchains).
    • Use multiple browsers with different IPs.
    • Use different protocols at intervals of more than 7 days, 2-4 weeks apart (consider repeating this process over 10 times until the airdrop project).
    • Ensure transaction volume exceeds $200.

    3. Project infomation

    4. Conclusion

    This is a detailed guide on how to hunt for Airdrop/Retroactive with the Hyperlane project, one of the notable names expected to launch a token this year.

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    Disclaimer: This article is for informational purposes only, not financial advice. Join the Bigcoinchat chat group to update the latest information about the market.

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    Vinz Nguyen

    Vinz Nguyen

    If crypto succeeds, it's not because it empowers better people. It's because it empowers better institutions.

    5 / 5 (2binh_chon)

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