Botanix Labs token airdrop guide
Botanix Labs is developing a Layer 2 protocol called Spiderchain, which introduces a decentralized Proof-of-Stake layer to Bitcoin, enabling native yield from decentralized applications without altering Bitcoin Core. They have recently launched its final testnet which means they may do a potential token airdrop in the near future. Here is our Botanix Labs token airdrop guide.
Check out our step by step guide!
What is Botanix Labs?
Botanix Labs is developing a Layer 2 protocol called Spiderchain, which introduces a decentralized Proof-of-Stake layer to Bitcoin, enabling native yield from decentralized applications without altering Bitcoin Core. Its main features include:
- Spiderchain: A Layer 2 protocol built on Bitcoin, enabling decentralized applications without changes to Bitcoin Core.
- Proof-of-Stake Layer: Adds a Proof-of-Stake layer to Bitcoin, unlocking native yield from decentralized applications.
- Decentralized Multisigs: Secures funds moved from the Bitcoin base layer through decentralized multisigs.
- Forward Security: Protects user funds by removing attack vectors that threaten traditional rollups and centralized multisig designs.
- Verifiable Randomness: Uses Bitcoin block hashes as a random number generator for the Spiderchain.
- Fair Launch: Inherits Bitcoin’s decentralization and fair launch characteristics.
Investors in Botanix Labs include Utxo Management, Polychain, Edessa, and Valor Equity Partners. The company has raised a total of $11.5 million across two seed funding rounds.
How to get the Botanix Labs token airdrop?
Time needed: 50 minutes
Here is how to get the potential Botanix Labs token airdrop
- Add Botanix testnet to Metamask
Go to https://chainlist.org/chain/3636 and connect your wallet. Then add Botanix testnet to Metamask. Approve the transaction.
- Sign in to Botanix Labs
Go to https://bridge.botanixlabs.dev/ and sign in with your wallet.
- Request testnet tokens
Go to https://faucet.mutinynet.com/ and first log into your Github account. Once you are signed in you will be redirected back to thr testnet page. Select 100k sats and copy and paste your deposit address (starting with tb1…) from the Botanix Labs dashboard. Then, click “Make it rain”.
- Register transaction ID
Click “View on mempool” to see the progress of your transaction and copy your transaction ID by clicking the small clipboard icon. Paste you transaction ID back on the Botanix bridge site and click “Register”.
- Claim deposit
Click “Claim deposit” on the Botanix bridge site to claim your deposit.
- Swap tokens
Go to https://bitzy-testnet.vercel.app/swap and connect your wallet. Swap some of your testnet BTC to USDT.
- Stake tokens
Connect your wallet to https://circuit.palladiumlabs.org/ and click “Get Mock WBTC”. You should then see a pop up and hit the “Confirm” button. Once the transaction is completed, let’s go ahead to mint PUSD.
- Mint PUSD
Head to the “Mint PUSD” section and deposit WBTC collatral to mint PUSD.
- Interact with Spindle
Connect to https://dev.app.spindlefinance.xyz/.
- Mint testnet tokens on Spindle
Head to the “Mint” section and mint testnet USDC and testnest WBTC.
- Lend and borrow
Go to “Lend” and lend the maximum amount of USDC. You will need to approve the transaction first before lending. After you have successfully lended, go to the “Borrow” section where we can then borrow against our USDC.
- Stake tokens on Rover
Connect your wallet to https://testnet.roverstaking.com/. Get testnet BTC and stake the tokens to get rovBTC. Make sure you do not stake more than what you have.
- Explore Rover ecosystem
Click on “Ecosystem” and interact with the various ecosystem projects.
- Complete Galxe and Zealy quests
Go to https://app.galxe.com/quest/botanixlabs and https://zealy.io/cw/botanix to complete the quests on the respective platforms.
