Blast

USDe

when

George Town, Grand Cayman, March 7th, 2024, Chainwire
<a href="https://www.zircuit.com/" rel="noopener noreferrer nofollow" target="_blank">Zircuit</a>, a zk rollup with parallelized circuits and AI-enabled security at the sequencer level, today announced its staking program has surpassed $500M in TVL. Currently in testnet phase, Zircuit is poised to hit a mainnet TVL on day one that surpasses major blockchains such as Linea, Manta, Mantle, Near, Scroll, Aptos, and zkSync.
Next week, Zircuit will integrate <a href="https://www.ethena.fi/" rel="noopener noreferrer nofollow" target="_blank">Ethena</a>, adding to its growing list of supported protocols for Zircuit Staking. Users who stake USDe with Zircuit will earn Zircuit Points and 7x Shards (Ethena points). Ethena is a crypto-native solution to a yield-bearing synthetic dollar fully collateralized and freely composable onchain. Other protocols in the program include Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie, and Liquid Collective.
Points programs have become a rising trend in crypto, offering a new way to incentivize users who contribute to a protocol. <a href="https://stake.zircuit.com/" rel="noopener noreferrer nofollow" target="_blank">Zircuit Staking</a> is an innovative program that allows users to deposit ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Points. Through the staking program, users can earn Zircuit points on top of any staking yield or points they are already earning. Users who opt-in to migrate their assets to the Zircuit Mainnet when it goes live are rewarded the most. Users can withdraw at any time and keep the points and yield earned, as ETH isn’t hard-locked like Blast or Mantle.&nbsp;
After spending over a year and a half conducting L2 research, the Zircuit team created an L2 with a built-in AI-enabled sequencer that protects users by monitoring the mempool for malicious transactions. In comparison to typical security efforts that focus on the application and smart contract levels, Zircuit brings sequencer-level security (SLS). This means that every transaction on Zircuit will go through low-level security checks resulting in a more secure chain for projects and end users. Zircuit is also fully EVM-compatible, offers greater efficiency, and provides users with cheaper and faster transactions.
Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit is currently in testnet phase with mainnet expected to come later in 2024. To participate in Zircuit Staking, users can visit: <a href="https://stake.zircuit.com/" rel="noopener noreferrer nofollow" target="_blank">https://stake.zircuit.com/</a>&nbsp;
About Zircuit
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 of performance and security. To learn more visit <a href="http://zircuit.com/" rel="noopener noreferrer nofollow" target="_blank">zircuit.com</a> or follow us on Twitter/X <a href="https://twitter.com/ZircuitL2" rel="noopener noreferrer nofollow" target="_blank">@ZircuitL2</a>
<h5>Contact</h5>
Jessica Graber Zircuit jessica@zircuit.com 
Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. <a href="https://cryptopolitan.com/" rel="noopener noreferrer nofollow">Cryptopolitan.com</a> is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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

Cryptopolitan_News

Other articles published on Mar 7, 2024

Chinese Investors Are Growing Wary of Investing in AI Startups

AI-Altcoins Poised 50x Rally as Meme Coin Craze Cools Down

Chainlink’s Circulating Supply Dynamics and Price Implications

Generative AI teacher lands job in Indian high school

Are On-Chain Derivatives the Next Big Thing in DeFi?

Firewall raises $3.7M to take smart contracts mainstream with programmable finality (7 Mar)

Join our free newsletter for daily crypto updates!