Zircuit Staking Program Breaks $500M TVL And Adds Ethena Integration

George City, Grand Cayman, March seventh, 2024, Chainwire

Zircuit, a zk rollup with parallelized circuits and AI-enabled safety on the sequencer degree, at present introduced its staking program has surpassed $500M in TVL. At the moment in testnet section, Zircuit is poised to hit a mainnet TVL on day one which surpasses main blockchains akin to Linea, Manta, Mantle, Close to, Scroll, Aptos, and zkSync.

Subsequent week, Zircuit will combine Ethena, including to its rising record of supported protocols for Zircuit Staking. Customers who stake USDe with Zircuit will earn Zircuit Factors and 7x Shards (Ethena factors). Ethena is a crypto-native resolution to a yield-bearing artificial greenback absolutely collateralized and freely composable onchain. Different protocols in this system embrace Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie, and Liquid Collective.

Factors applications have turn out to be a rising pattern in crypto, providing a brand new method to incentivize customers who contribute to a protocol. Zircuit Staking is an modern program that enables customers to deposit ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Factors. Via the staking program, customers can earn Zircuit factors on prime of any staking yield or factors they’re already incomes. Customers who opt-in emigrate their belongings to the Zircuit Mainnet when it goes stay are rewarded essentially the most. Customers can withdraw at any time and preserve the factors and yield earned, as ETH isn’t hard-locked like Blast or Mantle.

After spending over a 12 months and a half conducting L2 analysis, the Zircuit crew created an L2 with a built-in AI-enabled sequencer that protects customers by monitoring the mempool for malicious transactions. Compared to typical safety efforts that target the applying and good contract ranges, Zircuit brings sequencer-level safety (SLS). Because of this each transaction on Zircuit will undergo low-level safety checks leading to a safer chain for initiatives and finish customers. Zircuit can be absolutely EVM-compatible, affords better effectivity, and offers customers with cheaper and sooner transactions.

Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit is presently in testnet section with mainnet anticipated to return later in 2024. To take part in Zircuit Staking, customers can go to: https://stake.zircuit.com/

About Zircuit

Zircuit is a zk rollup with parallelized circuits and AI-enabled safety on the sequencer degree. Constructed by a crew of web3 safety veterans and PhDs in laptop science, algorithms, and cryptography, Zircuit’s distinctive structure combines the very best of each worlds of efficiency and safety. To study extra go to zircuit.com or comply with us on Twitter/X @ZircuitL2

Contact

Jessica Graber
Zircuit
[email protected]