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Hemi Airdrop - Where Ethereum & Bitcoin Cross!! - Guide for Mainnet #airdrop #crypto

Channel

Jimbo's Crypto Land

3 months ago

Score: 475

The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.

Executive Summary

Okay, here's a summary of the video about the Hemi Mainnet guide for a potential airdrop.

Hemi is now live on its mainnet, positioned as a network where Ethereum and Bitcoin cross. This video provides a step-by-step guide on how to interact with the Hemi mainnet, outlining specific actions you can take on various platforms within the ecosystem, like bridges, DEXes, staking interfaces, and more, with the goal of earning "Hemi points" that might lead to an airdrop.

  • Hemi is live on mainnet, and while there was a previous video explaining the project's purpose, this one focuses purely on the actions to take now.
  • All the necessary links for the steps are available on a dedicated page linked in the description.
  • There's a private Discord group called "the best web3 team" (the Defi Hub) you can join via subscription on the linked website.
  • Note: I am not a financial advisor; this is just for entertainment and information.
  • Step 1: Add the Hemi Network: You need to add the new Hemi mainnet network to your crypto wallet, like Metamask.
  • Step 2: Use the Official Bridge: It's recommended to use the official Hemi bridge at least once. Bridge assets, specifically Ethereum (ETH), from the Ethereum mainnet over to the Hemi mainnet. This is a good step to do when Ethereum gas fees are low.
  • Step 3: Explore Other Bridges: There are also cheaper bridging options available, including Relay Bridge, gas.zip, and Stargate (which uses LayerZero technology). These allow you to bridge assets from other networks, such as Arbitrum, over to the Hemi network more cost-effectively.
  • Step 4: Interact with DEXes: Explore the decentralized exchanges (DEXes) operating on Hemi: SushiSwap, Oku, Izumi, and Dodo. On these platforms, you can swap between different crypto assets, add liquidity to trading pairs, and enter pools – these are fundamental actions for interacting with the network and are needed for later steps.
  • Step 5: Check the Dashboard: Visit the Hemi dashboard. This is where you can see the total "Hemi points" you've earned from your interactions. You earn points by completing specific actions on the network. There's also a referral code option which you can use.
  • Step 6: Staking: Stake assets on the Hemi network. You need tokens like Hemi Bitcoin (Hemi BTC) to stake. You can acquire Hemi BTC by swapping other bridged assets (like ETH) on one of the Hemi DEXes, such as SushiSwap. Staking earns you Hemi points. I staked about $200 worth of Hemi BTC to start and see how it goes.
  • Step 7: Provide Liquidity: Add liquidity to trading pairs on the DEXes. Different pairs have different "multipliers" which might affect point accumulation. My personal choice was to provide liquidity for the Hemi Bitcoin (Hemi BTC) and Ethereum (ETH) pair on SushiSwap. When providing liquidity, make sure you understand the pairs and their multipliers.
  • Step 8: Mint and Bridge vUSD: Mint the vUSD stablecoin. You'll need DAI, USDC, or USDT on the Ethereum mainnet to mint vUSD on Ethereum. Then, use the official bridge (similar to Step 2, but for vUSD) to move the vUSD from the Ethereum mainnet to the Hemi network. Once vUSD is on Hemi, you can use it to provide liquidity in pairs on the Hemi DEXes. I added vUSD liquidity on Izumi, but noted that the multiplier wasn't great at that specific time.
  • Step 9: Borrow/Lending Protocols: Explore the lending and borrowing protocols like ZeroLend, LayerBank, and LendOS. You can lend out your assets or borrow others on these platforms. Important: Currently, these protocols are not participating in the Hemi points system, although the team has indicated they might add points for these interactions later. It's advised not to use these specifically for airdrop farming until they confirm that points are being awarded for lending/borrowing activities – keep an eye on the dashboard for updates. This highlights that not all on-chain activity on Hemi currently counts towards potential airdrop points.
  • Step 10: Deploy a Contract: You can deploy a smart contract on the Hemi network. Important: Similar to lending/borrowing, deploying a contract is not currently earning Hemi points, but I did it anyway as an extra interaction to show more activity. This involves using a development environment like Remix IDE, copying and pasting a simple code snippet, compiling it (you might need to switch compiler versions if you encounter issues), and deploying it using Metamask. You can even add a small, non-essential interaction like setting a greeting. This step is a bit more technical.
  • Step 11: Mint MeID: Mint your MeID on the Demos platform. This costs around $4 and the Hemi team has stated it's a verification step for the airdrop. You need to do this on the Hemi network.
  • These steps cover the key ways to interact with the Hemi mainnet ecosystem, particularly for those who were active during the testnet phase, and are focused on actions that are currently awarding points or are indicated as important for the airdrop verification. Always be careful and ensure you are using official links.

Transcript

Hemi is live on mainnet guys but this time i won't say something about the project because we've already done the presentation you know that i already tried to make you understand with what you are interacting this time not because i've made a video about Hemi when it was on the test net so go and watch this video to understand what Hemi does what is the Hemi solution to the blockchain for now the mainnet is live and we're going to explore everything about Hemi and its mainnet today these are all the links for today's video you can find them on the first link of the description and then you will be redirected on my website here you can also go to subscriptions and access our private discord this is the best web3 team guys the defy hub come and join us and win big i'm not a financial advisor i'm just a guy on the internet this is just entertainment step number one time to add the new Hemi network the mainnet on our wallet so go to this link and here you see Hemi layer video connect your wallet and add this network to your metamask time to bring some money to the new Hemi network you know our strategy so for step number two we use the official bridge at least one time guys you don't know the criteria my opinion is to use the official bridge at least one time and this is obviously from ethereum mainnet but right now that gas fees are really cheap so start bridging some ethereum from ethereum mainnet to Hemi mainnet network now on step number three i'm giving you three options to bridge to Hemi in a cheaper way the relay bridge the gas.zip and stargate these are bridges where you can start bridging from other networks for example arbitroom here you start your bridge from arbitroom and make your ethereum go to Hemi network exactly like we did before but in a cheaper way same goes for gas.zip same goes for stargate where you also use layer zero let's explore four dexes on step number four this is the sushi the oku the Izumi and the dodo here is the sushi on Hemi network this is oku make sure you be on the Hemi network same goes for Izumi here again Hemi network and dodo again Hemi network we know for taxes you can swap between assets you can add liquidity all the usual stuff we do for taxes here again also pools here you can also enter some liquidity in those pools this will be needed for the next steps but this is the most efficient way to trade between assets on Hemi network let's explore now Hemi's dashboard this is my code i have zero idea if you're earning something or not either way you're helping the channel so go ahead and enter this referral code when you register here these are your total points you're earning Hemi points when you complete those interactions as you can see but we will explore them one by one in the next steps let's explore now the staking on Hemi or steps number six let's scroll down at the bottom here we are stake on Hemi click here and this will open and here you need to choose whatever you want my choice was this one Hemi and I stake Hemi Bitcoin so I click here on stake and I stake my Hemi BTC so I'm earning these points where you can find it I already told you for step number four go to sushi swap and swap some ethereum you just bridge from step number two and three to Hemi Bitcoin so you will have to stake here and then if you click on the dashboard you can see your staking assets right now I stake 200 dollars to begin and see how this goes so here you can already stake more step number seven time to provide liquidity here we are these are all the multipliers these are all the pairs my choice was Hemi Bitcoin with ethereum on sushi swap as you can see so click here on the provide liquidity and here you can enter your liquidity as you can see my position is ethereum and Hemi Bitcoin you can choose any of this but make sure to understand the pairs and the multipliers here step number eight it's time to mint and bridge the VUSD how can we do it here is the mint and here is the channel first of all let's click on the mint you need to have DAI USDC or USDT on ethereum mainnet and here you choose what token do you have and you are swapping to VUSD on the ethereum mainnet so you just need to transfer it to Hemi this is the second link so here it's the official bridge we saw it on step number two but this time you bridge from ethereum to heavy VUSD not ethereum and you will have the VUSD on the Hemi network then you can go here and provide liquidity again on sushi or no koonizumi or dojo all the pairs with VUSD i provide some liquidity on Izumi for VUSD but i can see the multiplier right now it's not the same like this so maybe i will change it and i only focus on this for for step number nine i got you three boron lending protocols for now no boron lending protocol is participating on the Hemi points but they said they will add them so keep an eye here i want you to be ready the first is zero lend the second is the layer bank and the third is lend os here you do what you do on all boron lending protocols you just lend some assets and you can borrow some assets but for now no points for them so don't do it until they add it here on the dashboard let's deploy a contract right now no points for this but i will do it anyway you can follow me if you like click on the link and here you click on the remix ide here you click on create a new file give it a name for example jimbo and these numbers click enter and we are ready to copy this code so click here on the copy and paste it right over here close this window and you can change this to whatever you like for example i will say jimbo and 777-888 this is my new code now make sure to be on the hemi network on your metamask this is very important and then we go to the solidity compiler and we compile the contract when this is verified go to deploy here you select metamask so yes very important and then go down and hit the deploy button don't show this confirm and here we go we deployed our first contract on hemi my contract is ready and verified if this fails on the solidity compiler right over here choose another version for example the 828 and sometimes this must be the same right now that was not the case but i've faced this issue in the past so what more can we do now scroll down bottom left and here we have the deploy contracts here you can put a number for example one and click on the set greetings to just make one more interaction this is not important but why not guys step 11 it's time to meet the me id on demos this is the verification for the airdrop the team told us to do right over here i have zero idea it cost four dollars so come here click on the hemi network and meet your me id as you can see i've already done it this was everything you need to know about the hemi network on the mainnet especially if you've been doing hemi on the testnet go ahead guys don't waste any time so hit the like button if you really enjoyed this video subscribe to the channel leave a nice comment it's always appreciated a lot of airdrop here guys that was it for today's video up the bottom all the official links of hemi be careful guys when you're clicking link see you on the next one

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Duration8:06
Hemi Airdrop - Where Ethereum & Bitcoin Cross!! - Guide for Mainnet #airdrop #crypto | YouTube Summary