Blast

USDe

when

George Town, Grand Cayman, March 7th, 2024, Chainwire
 
<a href="https://www.zircuit.com/" rel="nofollow noopener" 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="nofollow noopener" 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="nofollow noopener" 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="nofollow noopener" 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="nofollow noopener" target="_blank">zircuit.com</a> or follow us on Twitter/X <a href="https://twitter.com/ZircuitL2" rel="nofollow noopener" target="_blank">@ZircuitL2</a>
 
<h5>Contact</h5>Jessica Graber Zircuit jessica@zircuit.com 
 
 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Zircuit Staking Program Breaks $500M TVL And Adds Ethena Integration (7 Mar)

Chainwire

Other articles published on Mar 7, 2024

Cardano Founder Describes "Charles Derangement Syndrome"

Helium Mobile Introduces Global Roaming

PEPE, WIF, And BONK Achieve Billion-Dollar Status, Is MYRO Next?

Empowering Crypto Creators: CoinDCX Launches Affiliate Program

New DeFi cryptocurrency attracts TRX & LINK investors

Bitcoin ETF Options Trading Decision Postponed by SEC

Join our free newsletter for daily crypto updates!