Author: Blockchain Insights
In recent days, the zkSync incident has been causing a stir online. I have seen many users urging Xan and OK directly, hoping for a statement from these two exchanges.
Additionally, the Chinese zkSync community has publicly expressed their attitude, conveying a sense of helplessness and bitterness in their tone, and indicating that they will disclose more details and information about the entire process in the future – I am particularly looking forward to the community’s subsequent statements.
From the overall development of the incident, the chances of salvaging the situation seem quite limited. Therefore, it is more important for the participants to take appropriate measures and avoid making similar mistakes in future activities.
However, I have noticed on social media that many users are expressing their losses on zkSync and are ready to abandon all hopes and move on to the next opportunity – after these experiences, if they persist in adopting the “all-in” and “at all costs” approach, then all I can do is wish them good luck.
My conscious involvement in these activities began after Arbitrum.
At that time, a friend mentioned to me: “Shouldn’t we form a team ourselves, open multiple accounts, and specialize in this?” Due to my inherently lazy nature, this idea never materialized. However, this proposal did remind me that it was necessary to take some action: on one hand, to familiarize myself with the latest applications, and on the other hand, to make some profits on the side.
Therefore, I decided to casually participate on my own.
Given my limited time, energy, and resources, I established a strategy for myself:
– Focus on three accounts and carefully select the main applications
– Prioritize capital accumulation
– Occasionally interact with new applications that catch my eye
“Focusing on three accounts” means that I used three Argent X and three MetaMask accounts to participate in every well-known Ethereum layer 2 scaling solution post Arbitrum.
“Carefully selecting the main applications” means that within each layer 2 scaling solution, I only selected two types of projects: DeFi and NFT. In DeFi, I primarily chose the top three DEXs and lending applications on each chain.
“Prioritizing capital accumulation” means that for each DEX, I focused on providing liquidity for three specific pairs to avoid impermanent losses. For lending applications, I mainly used two types of collateral assets: ETH derivatives or stablecoins.
“Occasionally interacting with new applications” refers to my main participation in new NFT projects that I come across on Twitter. Although most of these projects are meaningless, they offer low fees and are relatively easy to participate in.
This is how I engage with Ethereum layer 2 scaling solutions. However, there are two types of operations that I am reluctant to perform:
– Binding personal Twitter and Discord accounts
– Identity verification, such as Linea’s POH
Besides these operations, I do not follow the advice of many online users who suggest weekly interactions or specific intervals between different accounts to prevent potential risks.
I interact casually, without using any scripts for automation. This approach has yielded mixed results – while my Argent X accounts suffered losses in the Starknet airdrop, my GitHub account received a generous reward from participating in various Ethereum ecosystem projects.
Looking back, my involvement in these projects was purely out of interest and fun, guided by industry pioneers. Despite setbacks in the Starknet airdrop, I did not alter my approach. With the zkSync airdrop, my MetaMask accounts received unexpected amounts, but my GitHub account did not benefit.
For the remaining layer 2 scaling solutions, I will continue operating as before, with outcomes left to chance. I am not willing to waste unnecessary resources and energy on these activities.
Regarding the airdrops I received, I do not plan to sell them for now. The liquidity and collateral assets I have left in these chains will remain untouched, as they may help in obtaining future airdrops.
I hope my experiences can be of some assistance to others.
Lastly, I want to emphasize the importance of approaching these activities with curiosity and exploration, rather than solely focusing on profits. Good luck will come our way when we least expect it, even if luck doesn’t favor us this time, it may do so in the future.