Zap your ETH! Campaign
The Zap your ETH! Campaign is a part of Dolomite's Community XP program. The campaign awards 10 XP for achieving a series of credentials/objectives related to the Zap
feature on Dolomite and zapping
using two different types of ETH assets. The following guide will describe how to achieve each of the four credentials for the Zap your ETH! Campaign.
This campaign utilizes Galxe for tracking progress and distributing XP. Both Credentials are met on the Zap your ETH! Campaign Galxe Page, you can go to the Galxe page to claim an OAT representing the 10 XP. If you're new to the XP program, make sure you also go to the Dolomite Discord channel and connect your Galxe account so you can receive Discord roles that match your level.
Note: Zap your ETH! Campaign does not have a minimum asset amount necessary for any of the credentials/objectives.
Credentials
1. Zap ETH to rETH
2. Zap ETH to wstETH
The
Zap
has to be from ETH, to either rETH or wstETH.rETH and wstETH are not assets in
Collateral-Only
orIsolation
mode, meaning there are no restrictions on whichZap
method to use.
You can read about each of the Zap
options available on Dolomite within the Zap Guide.
Example
For the example, I will be using the Zap Swap Panel swap to both rETH and wstETH. However, as there are many different ways to Zap
between assets on Dolomite, you are able to complete this Campaign using many different methods.
Another worthwhile option to try, is a "looping" strategy with Zap - Trade and deposit as collateral. This Zap
feature allows you to borrow an asset, then swap it, and add an asset as collateral. In the case of the rETH/wstETH assets as collateral in a Borrow Position, this means you can:
borrow an asset against the rETH/wstETH collateral,
trade this borrowed asset into more rETH/wstETH,
then add it as collateral within the Position.
This allows you to create a "loop," in one click, to increase the amount of yield obtained from your initial rETH/wstETH amount. You can read about Zap - Trade and deposit as collateral, and each of the Zap
options available on Dolomite within the Zap Guide. For the sake of completing the Campaign efficiently, the following method will simply use the Zap Panel to complete each of the necessary swaps.
Zap ETH to rETH or wstETH.
Within your Dolomite Balance, on the Balances page, select the Swap button. Swap ETH to rETH and wstETH, to complete each correlated Credential.
Congratulations! You have all the information necessary to complete the Zap your ETH! Campaign and qualify to receive 10 XP! With the skills you've learned from completing this campaign, you are now familiar with the Zap feature of Dolomite, which will allow you to have a more seamless experience within Borrow Positions.
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