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 permits customers to stake ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Factors. Shortly after launch, Zircuit Staking has already accrued 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 based on DefiLlama. Zircuit is on monitor to surpass these numbers when it comes to each group engagement and TVL.

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

By way of the staking program, customers can Zircuit factors on prime of any staking yield or different present factors. Customers that opt-in emigrate their belongings to the Zircuit Mainnet when it goes dwell are rewarded probably 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 the moment, Lido Finance, Renzo Protocol, Swell Community, Kelp DAO, and Liquid Collective are supported with extra integrations to come back over the approaching weeks. 

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

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

About Zircuit

Zircuit is a totally EVM-compatible, zero-knowledge rollup powered by the most recent analysis in L2 expertise. Constructed by a crew 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 comply with us on Twitter/X @ZircuitL2

Contact

Jessica Graber
Zircuit
jessica@zircuit.com