Fulcrom Finance

Bitcoin ETF

Cronos

Read

zkSync

<a href="https://fulcrom.finance/" target="_blank" rel="noopener noreferrer nofollow">Fulcrom Finance</a>, a perpetual trading protocol on&nbsp;<a href="https://cronos.org/" target="_blank" rel="noopener noreferrer nofollow">Cronos</a>, is expanding into the&nbsp;<a href="https://zksync.io/" target="_blank" rel="noopener noreferrer nofollow">zkSync Era</a> to further support its staking community.
Following this announcement, the decentralized finance (defi) solution has announced a $100,000 reward pool to celebrate this milestone.
<h2 class="wp-block-heading" id="fulcrom-finance-expands-to-zksync-era">Fulcrom Finance expands to zkSync Era</h2>
On Oct. 5, Fulcrom Finance said it will expand into <a href="https://crypto.news/ethereums-zksync-era-reaches-500m-in-tvl/" data-type="post" data-id="14170538" rel="noopener noreferrer nofollow">zkSync Era</a>. The layer-2 protocol utilizes zero-knowledge (ZK) technology to enhance scalability, security, user experience, and community engagement while remaining decentralized.
You might also like: <a href="https://crypto.news/ishares-bitcoin-etf-absent-from-dtcc-website-after-initial-listing/" rel="noopener noreferrer nofollow"> iShares Bitcoin ETF absent from DTCC website after initial listing </a>
Fulcrom Finance also bridged 2.4 billion FUL from Cronos to zkSync Era at launch, making it one of the largest protocols by total value locked (TVL) on the layer-2 solution.
FUL is the native token of Fulcrom Finance.
Commenting on this integration, Martin Alastair, the product lead at Fulcrom Finance, said:
<blockquote class="wp-block-quote">
 “Fulcrom Finance shares the same foundational values of freedom, self-sovereignty, and decentralization with zkSync Era, and is committed to leveraging ZK-proofs to increase user privacy and enhance speed and scalability. By bridging a significant portion of FUL, Fulcrom aims to grow its trading volume and increase the rewards generated by holders on Cronos and zkSync Era.”
</blockquote>
Incorporating zkSync Era’s scaling solution aligns with Cronos’ and Fulcrom’s vision of a multi-chain future. Professional traders may now have access to new opportunities in derivatives trading.
You might also like: <a href="https://crypto.news/flare-partners-with-etherspot-to-integrate-arka-paymaster-service/" rel="noopener noreferrer nofollow"> Flare partners with Etherspot to integrate Arka Paymaster service </a>
Fulcrom Finance has since amassed over $750,000 in assets under management (AUM), posting over $500 million in trading volume. Moreover, its active user base has increased by 36%.
Meanwhile, its partnership with Syncswap, a decentralized exchange (DEX) on zkSync Era, will allow its users to access more liquidity.
<h2 class="wp-block-heading" id="zkmania-season-1-to-spark-ecosystem-growth">zkMania Season 1 to spark ecosystem growth</h2>
Fulcrom Finance&nbsp;<a target="_blank" href="https://twitter.com/FulcromFinance/status/1709886300680261936" rel="noopener noreferrer nofollow">announced</a>&nbsp;a $100,000 rewards pool event called the zkMania Season 1 to celebrate this occasion.&nbsp;
From Oct. 5, 2023, to Jan. 5, 2024, a pool will be held where its content will be distributed to users based on their trading activity and volume.&nbsp;
The pool is meant to spark growth.
To participate, users must fund their wallets through <a href="https://crypto.news/cronos-launches-its-third-accelerator-program/" data-type="post" data-id="14191670" rel="noopener noreferrer nofollow">Crypto.com</a> or Syncswap, connect to Fulcrom on the zkSync Era network, and open positions on desired pairs. Scores will be based on the number of market and limit orders placed.
Read more: <a href="https://crypto.news/a16z-backed-privacy-company-announces-300-million-funding-program/" rel="noopener noreferrer nofollow"> A16z-backed privacy company announces $300 million funding program </a>
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Fulcrom Finance expands to zkSync Era, unveils $100K reward pool

Table of Contents

crypto.news

Other articles published on Oct 24, 2023

Bitcoin (BTC) Soars to $35,000: What You Need to Know About the Rise and ETF

Bitcoin ready for new rally as 80% of supply is in profit

PLANET Could Continue to Rise as Buyers Maintain Their Strength

Tellor (TRB) price surges 750% as network activity hits ATH

CFTC Commissioner states cryptocurrency ‘is no longer a fad’ amid market uncertainty

Jameson Lopp demonstrates why Hal Finney could not have been Satoshi Nakamoto

Join our free newsletter for daily crypto updates!