George City, Grand Cayman, February twenty fourth, 2024, Chainwire

Staking program amassed over $129M TVL in lower than 24 hours 

Zircuit, a security-focused zero-knowledge rollup backed by pioneering L2 analysis, launched Zircuit Staking, an revolutionary program that enables customers to stake ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Factors. Shortly after launch, Zircuit Staking has already gathered over $129M on the Ethereum mainnet and continues to rise.

Zircuit’s group has gained a formidable following of over 112K Twitter followers and 125K Discord members inside a brief four-month time span. The exponential progress of this group has additionally led to the early success of Zircuit’s staking program. Compared, Starkware began in 2018 and solely has 229K Twitter followers and $134M in TVL in response to DefiLlama. Zircuit is on monitor to surpass these numbers by way of each group engagement and TVL.

With the fast ascent of EigenLayer, Zircuit is leveraging a rising surge in curiosity round restaking protocols. Lower than 24 hours since launch, this system has already gathered over $129 million TVL, signaling vital curiosity and confidence within the challenge. 

Via the staking program, customers can Zircuit factors on prime of any staking yield or different current factors. Customers that opt-in emigrate their property to the Zircuit Mainnet when it goes dwell are rewarded essentially the most. Customers can withdraw at any time and preserve the factors and yield earned, so ETH isn’t hard-locked like in Blast or Mantle. At present, Lido Finance, Renzo Protocol, Swell Community, Kelp DAO, and Liquid Collective are supported with extra integrations to return over the approaching weeks. 

To take part within the Zircuit Staking program, customers can go to https://stake.zircuit.com/ 

For extra info on Zircuit, Customers can go to: https://www.zircuit.com/ 

About Zircuit

Zircuit is a totally EVM-compatible, zero-knowledge rollup powered by the newest analysis in L2 know-how. Constructed by a staff with a number of analysis grants from the Ethereum Basis and backed by Pantera Capital and Dragonfly Capital, Zircuit is main the way forward for safe chains with sequencer-level safety. Customers can be taught extra by visiting zircuit.com or observe us on Twitter/X @ZircuitL2

Contact

Jessica Graber
Zircuit
jessica@zircuit.com