Printed: February 24, 2024 at 1:26 am Up to date: February 24, 2024 at 1:26 am
George City, Grand Cayman, February twenty fourth, 2024, Chainwire
Staking program amassed over $129M TVL in lower than 24 hours
Zircuit, a security-focused zero-knowledge rollup backed by pioneering L2 analysis, launched Zircuit Staking, an revolutionary program that enables customers to stake ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Factors. Shortly after launch, Zircuit Staking has already collected over $129M on the Ethereum mainnet and continues to rise.
Zircuit’s neighborhood has gained a formidable following of over 112K Twitter followers and 125K Discord members inside a brief four-month time span. The exponential progress of this neighborhood has additionally led to the early success of Zircuit’s staking program. As compared, Starkware began in 2018 and solely has 229K Twitter followers and $134M in TVL in line with DefiLlama. Zircuit is on monitor to surpass these numbers by way of each neighborhood engagement and TVL.
With the fast ascent of EigenLayer, Zircuit is leveraging a rising surge in curiosity round restaking protocols. Lower than 24 hours since launch, this system has already collected over $129 million TVL, signaling vital curiosity and confidence within the undertaking.
By means of the staking program, customers can Zircuit factors on high of any staking yield or different current factors. Customers that opt-in emigrate their property to the Zircuit Mainnet when it goes stay are rewarded probably the most. Customers can withdraw at any time and hold the factors and yield earned, so ETH isn’t hard-locked like in Blast or Mantle. At present, Lido Finance, Renzo Protocol, Swell Community, Kelp DAO, and Liquid Collective are supported with extra integrations to return over the approaching weeks.
To take part within the Zircuit Staking program, customers can go to https://stake.zircuit.com/
For extra data on Zircuit, Customers can go to: https://www.zircuit.com/
About Zircuit
Zircuit is a completely EVM-compatible, zero-knowledge rollup powered by the newest analysis in L2 know-how. Constructed by a staff with a number of analysis grants from the Ethereum Basis and backed by Pantera Capital and Dragonfly Capital, Zircuit is main the way forward for safe chains with sequencer-level safety. Customers can be taught extra by visiting zircuit.com or comply with us on Twitter/X @ZircuitL2
Contact
Jessica GraberZircuit[email protected]
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