George Town, Grand Cayman, March 7, 2024, Chain Wire
Zirket, ZK Rollup, with sequencer-level parallelized circuits and AI-enabled security, today announced that its staking program has surpassed $500 million in TVL. Currently in the testnet stage, Zircuit is poised to reach mainnet TVL on day one, outperforming major blockchains such as Linea, Manta, Mantle, Near, Scroll, Aptos, and zkSync.
Zircuit will be integrated next week Ethena, adds to the growing list of protocols supported by Zircuit Staking. Users who stake USDe on Zircuit will earn Zircuit points and 7x Shards (Ethena points). Ethena is a fully collateralized, on-chain, freely configurable, crypto-native solution to yield-bearing synthetic dollars. Other protocols in the program include Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie, and Liquid Collective.
Points programs have become a rising trend in cryptocurrencies, offering a new way to incentivize users who contribute to the protocol. zircette staking is an innovative program that allows users to earn Zircuit points by depositing ETH, Liquid Staking Tokens (LST), and Liquid Restaking Tokens (LRT). Through the staking program, users can earn staking yields and Zircuit points on top of the points they already earn. Users who opt in to transfer their assets when Zircuit mainnet goes live will receive the most rewards. ETH is not hard-locked like Blast or Mantle, so users can withdraw at any time and keep the points and yield they have earned.
After spending more than a year and a half researching L2, the Zircuit team created L2 with a built-in AI-enabled sequencer that protects users by monitoring the memory pool for malicious transactions. Compared to typical security efforts that focus on the application and smart contract level, Zircuit brings sequencer-level security (SLS). This means that every transaction on Zircuit passes through low-level security checks, resulting in a more secure chain for projects and end users. Zircuit is fully compatible with his EVM, increasing efficiency and providing users with cheaper and faster transactions.
Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit is currently in the testnet phase, with mainnet expected to go live in late 2024. To participate in Zircuit staking, users can visit: https://stake.zircuit.com/
About Jill Kit
Zircuit is a zk rollup with parallelized circuits and AI-enabled security at the sequencer level. Built by a team of Web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds: performance and security. If you want to know more, please visit here zircuit.com Or follow us on Twitter/X @Zircuit2
contact
jessica graber
Zirket
jessica@zircuit.com
Source: the-blockchain.com
