Introduction
Privacy is our right as humans. We wouldn’t want anyone to know all the things we are doing, let alone seeing it. For most people, Financial privacy is very important. As they don’t want other people, maybe even the government, to know what they are doing with their money.
Spiral Finance helps with this problem. Spiral Finance is a fully decentralized, non-custodial protocol allowing private transactions to happen on chain.
Spiral Finance does this by using their Mixer. The Mixer collects, pools, and randomly shuffles the tokens deposited by users. Which later can be withdrawn to a new address minus a small fee.
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Why use Spiral Finance instead of any other privacy protocols?
What sets Spiral Finance apart from it’s competitors is the use of relayers. They claimed they are the first privacy solution that doesn’t use a relayer to perform transactions.
Spiral Finance is deployed in the zkSync era network, the most popular Layer-2 ZK-EVM chain that focuses on privacy, whilst also having low fees, and faster transactions without compromising security.
$SPIRAL Token
Spiral Finance is governed by the $SPIRAL token. With a fixed supply at 10,000,000 (Ten Million) tokens.
Spiral Finance also distributes 100% of the platform fees to their token holders.
The $SPIRAL token has 4 main use cases:
- Governance
- Lock & Vote
- Staking
- Mint their upcoming NFTs
There’s also a 5th use case they put on their docs which sounds quite intriguing.
Looking at their tokenomics, 5% of their upcoming token is reserved for airdrop campaigns.
Airdrop Guide
One of their devs on discord recently announced lists of tiers & elligibility for their airdrop campaign.
- OGs (campaign ended)
- IDO participants
- ANON
- Zealy participants
- “XXX” after launch tier
Now, while we are not able to claim the OG role anymore for the highest tier, we can still be elligible for the other tiers.
1) Complete Zealy Tasks
First thing we need to do is join their Zealy. Join through my invite link here and do as many tasks as possible!
2) Join Discord
Now join their discord using my invite link here.
Then after verifying yourself, navigate to the #get-roles channel and react to this message.
Act fast because this post is going to disappear only 2 days from now!
3) Interact with their Mixer
To do this you’ll need funds on zkSync Era mainnet. Prepare some $ETH beforehand.
You’ll need at least 2 USDC for the Mixer. Go to https://syncswap.xyz/ and swap your ETH for USDC.
Now go to https://app.spiralfi.io/ and connect your wallet.
After that;
- Input ‘1’ in the swap in box
- Approve the use of 2 USDC from your wallet (the extra USDC is for fees)
- Input ‘1’ in the swap out box and click swap out
- Input the address you want your USDC to be transferred to and click approve.
Make sure to remember the amount you input since Spiral Finance doesn’t collect that information from you!
Now all we need to do is wait for an upcoming announcement in their discord to receive our ANON role!
And that’s it for my blog today. This one is very sudden since i just found it a few hours ago and had to tell you all about this. I mainly post every Wednesday and Saturday so make sure to follow me and subscribe to get an email each time i post. Hope this blog helped you in some way and look forward to the next post!
DYOR.
