New Security-Focused ZK Rollup Zircuit Launches Staking Program – Blockchain News, Opinion, TV & Jobs

adminFebruary 24, 2024

George Town, Grand Cayman, February 24, 2024, Chainwire

The staking program accumulated over $129 million TVL in less than 24 hours.

Zircuit, a security-focused zero-knowledge rollup backed by pioneering L2 research, is an innovative program that allows users to earn Zircuit Points by staking ETH, Liquidity Staking Tokens (LST), and Liquidity Re-Staking Tokens (LRT). We launched Stake. Shortly after launch, Zircuit Stake has already amassed over $129 million on the Ethereum mainnet and continues to rise.

Zircuit’s community has gained an impressive following of over 112,000. Twitter Within a short period of 4 months, we gained followers and 125,000 Discord members. The exponential growth of this community has also led to the early success of Zircuit’s staking program. By comparison, Starkware launched in 2018 and has just 229,000 Twitter followers and a TVL of $134 million, according to DefiLlama. Zircuit plans to surpass these numbers in terms of community engagement and TVL.

With the rapid rise of EigenLayer, Zircuit is capitalizing on the surge in interest in re-staking protocols. In less than 24 hours since launch, the program has already amassed more than $129 million in TVL, indicating significant interest and confidence in the project.

The staking program allows users to add points on top of their staking returns or other existing points. Users who choose to migrate their assets to the Zircuit mainnet will receive the most rewards when the Zircuit mainnet becomes active. Users can withdraw at any time and keep the points and returns earned, so ETH is not hard-locked like Blast or Mantle. Currently Lido Finance, Renzo Protocol, Swell Network, Kelp DAO, and Liquid Collective are supported with more integrations over the coming weeks.

To participate in the Zircuit Stake program, users may visit https://stake.zircuit.com/.

For more information about Zircuit, visit https://www.zircuit.com/.

About Zirkit

Zircuit is a fully EVM-compatible zero-knowledge rollup based on the latest research in L2 technologies. Built by a team with multiple research grants from the Ethereum Foundation and support from Pantera Capital and Dragonfly Capital, Zircuit is pioneering the future of secure chains with sequencer-level security. Users can learn more by visiting zircuit.com or following us on Twitter/X. @ZircuitL2