George City, Grand Cayman, March seventh, 2024, Chainwire
Zircuit, a zk rollup with parallelized circuits and AI-enabled safety on the sequencer stage, at this time introduced its staking program has surpassed $500M in TVL. At the moment in testnet section, Zircuit is poised to hit a mainnet TVL on day one which surpasses main blockchains resembling Linea, Manta, Mantle, Close to, Scroll, Aptos, and zkSync.
Subsequent week, Zircuit will combine Ethena, including to its rising listing of supported protocols for Zircuit Staking. Customers who stake USDe with Zircuit will earn Zircuit Factors and 7x Shards (Ethena factors). Ethena is a crypto-native answer to a yield-bearing artificial greenback totally collateralized and freely composable onchain. Different protocols in this system embody Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie, and Liquid Collective.
Factors applications have change into a rising pattern in crypto, providing a brand new approach to incentivize customers who contribute to a protocol. Zircuit Staking is an progressive program that permits customers to deposit ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Factors. By the staking program, customers can earn Zircuit factors on high of any staking yield or factors they’re already incomes. Customers who opt-in emigrate their property to the Zircuit Mainnet when it goes reside are rewarded essentially the most. Customers can withdraw at any time and hold the factors and yield earned, as ETH isn’t hard-locked like Blast or Mantle.
After spending over a 12 months and a half conducting L2 analysis, the Zircuit crew created an L2 with a built-in AI-enabled sequencer that protects customers by monitoring the mempool for malicious transactions. Compared to typical safety efforts that target the appliance and sensible contract ranges, Zircuit brings sequencer-level safety (SLS). Because of this each transaction on Zircuit will undergo low-level safety checks leading to a safer chain for initiatives and finish customers. Zircuit can be totally EVM-compatible, presents larger effectivity, and offers customers with cheaper and quicker transactions.
Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit is at present in testnet section with mainnet anticipated to return later in 2024. To take part in Zircuit Staking, customers can go to: https://stake.zircuit.com/
About Zircuit
Zircuit is a zk rollup with parallelized circuits and AI-enabled safety on the sequencer stage. Constructed by a crew of web3 safety veterans and PhDs in pc science, algorithms, and cryptography, Zircuit’s distinctive structure combines the most effective of each worlds of efficiency and safety. To study extra go to zircuit.com or comply with us on Twitter/X @ZircuitL2
Contact
Jessica Graber
Zircuit
jessica@zircuit.com
