Zirquit Staking Surpasses $2 Billion TVL in Just 2 Months – Blockchain News, Opinion, TV & Jobs

adminApril 24, 2024

George Town, Grand Cayman, April 23, 2024, Chainwire

Zircuit, a ZK rollup with parallel circuitry and AI-assisted security, today announced that its staking program has surged past $2 billion in TVL in just two months.

As Zircuit moves forward towards mainnet, ZK Rollup’s staking program is quickly gaining momentum, attracting over $2 billion in TVL in just two short months. Zircuit Stake allows users to earn Zircuit Points by depositing assets that can be migrated upon Zircuit mainnet launch. Users can earn Zircuit points by depositing ETH, Liquid Staking Tokens (LST), Liquid Re-Staking Tokens (LRT), and USDe (Ethena USD).

Last March, Zircuit launched its Build to Earn program to incentivize builders, founders, and community members who contribute to the Zircuit ecosystem. The program has already received over 1,000 submissions. As Zircuit’s pre-launch TVL and community grow, approved projects will gain user traction and benefit from a strong developer experience in one of the fastest-growing L2s. Additionally, developers and ecosystem contributors who participate in Zircuit’s Build to Earn program will receive rewards for their approved contributions. Projects that join Zircuit through Build to Earn will join a growing list of top-tier launch partners, including Ethena, Ether.fi, KelpDAO, Renzo, Hashflow, Galxe, Elixir, Blocto, Eigenpie, and more.

Zircuit is currently on testnet and plans to launch mainnet in the summer of 2024.

To participate in Build to Earn, users should visit https://build.zircuit.com/.

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

About Zirkit

Zircuit is a ZK rollup with parallel circuitry and sequencer-level AI-assisted security. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit is backed by Pantera Capital, Dragonfly Capital, and Maelstrom. For more information, visit zircuit.com or follow us on Twitter/X. @ZircuitL2