🔒 Zircuit Staking Program Surpasses $500M TVL, Integrates Ethena
Zircuit, a zk rollup with parallelized circuits and AI-enabled security at the sequencer level, has announced that its staking program has reached over $500 million in total value locked (TVL). As Zircuit continues its testnet phase, it is expected to achieve a mainnet TVL that surpasses popular blockchains including Linea, Manta, Mantle, Near, Scroll, Aptos, and zkSync.
💰 Earn Zircuit Points and 7x Shards with Zircuit Staking
Next week, Zircuit will integrate Ethena into its growing list of supported protocols for Zircuit Staking. By staking USDe with Zircuit, users can earn Zircuit Points and 7x Shards (Ethena points). Ethena is a crypto-native solution for a yield-bearing synthetic dollar that is fully collateralized and freely composable on-chain. Other protocols in the staking program include Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie, and Liquid Collective.
🔵 Points Programs and Incentives in Crypto
Points programs have become a popular trend in the crypto industry as they provide a new way to incentivize users who contribute to a protocol. Zircuit Staking offers an innovative program where users can deposit ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Points. This means that users can earn Zircuit Points on top of any staking yield or points they are already earning. Furthermore, users who choose to migrate their assets to the Zircuit Mainnet when it launches will be rewarded the most. Importantly, users have the flexibility to withdraw their assets at any time while still retaining the earned points and yield, as ETH is not hard-locked.
🔒 Sequencer-Level Security and EVM Compatibility
Zircuit has dedicated over a year and a half to L2 research, resulting in the development of an L2 solution with a built-in AI-enabled sequencer. By monitoring the mempool for malicious transactions, Zircuit’s sequencer-level security (SLS) provides enhanced protection for users compared to typical security measures that focus solely on the application and smart contract levels. Zircuit is also fully Ethereum Virtual Machine (EVM)-compatible, offering greater efficiency and enabling cheaper and faster transactions for its users.
🚀 Backed by Prominent Investors, Mainnet Coming Soon
Zircuit is currently in its testnet phase and has garnered support from prominent investors such as Pantera Capital, Dragonfly Capital, and Maelstrom. Its mainnet launch is expected to take place later in 2024. Users interested in participating in the Zircuit Staking program can visit their website for more information and to get started.
✨ About Zircuit
Zircuit is a cutting-edge zk rollup solution that incorporates parallelized circuits and AI-enabled security at the sequencer level. Developed by a team of web3 security veterans and experts in computer science, algorithms, and cryptography, Zircuit offers a unique architecture that combines high performance and robust security. To learn more about Zircuit, visit their website or follow them on Twitter at @ZircuitL2.
📧 For further inquiries, please contact Jessica Graber at [email protected].
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