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 present in testnet section, Zircuit is poised to hit a mainnet TVL on day one which surpasses main blockchains reminiscent of Linea, Manta, Mantle, Close to, Scroll, Aptos, and zkSync.

Subsequent week, Zircuit will combine Ethena, including to its rising checklist 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 packages have turn into a rising pattern in crypto, providing a brand new option 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 means of 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 belongings to the Zircuit Mainnet when it goes dwell 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 yr and a half conducting L2 analysis, the Zircuit staff 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 concentrate on the applying and good 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, affords better effectivity, and supplies 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 come back 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 staff of web3 safety veterans and PhDs in laptop science, algorithms, and cryptography, Zircuit’s distinctive structure combines the very best of each worlds of efficiency and safety. To be taught extra go to zircuit.com or observe us on Twitter/X @ZircuitL2

Contact

Jessica Graber
Zircuit
jessica@zircuit.com