George City, Grand Cayman, March 7, 2024, Chain Wire

Zircuit, a zk rollup with parallelized circuits and AI-enabled safety on the sequencer stage, right now introduced that its staking program has surpassed $500 million in TVL. Presently within the testnet stage, Zircuit is poised to succeed in mainnet TVL on day one, outperforming main blockchains corresponding to Linea, Manta, Mantle, Close to, Scroll, Aptos, and zkSync.

Subsequent week, Zircuit will combine Ethena, including it to the rising listing of protocols supported by Zircuit staking. Customers who stake USDe on Zircuit will earn Zircuit factors and 7x Shards (Ethena factors). Ethena is a completely collateralized, on-chain, freely configurable, crypto-native answer to yield-bearing artificial {dollars}. Different protocols in this system embody Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie, and Liquid Collective.

Factors packages have turn out to be a rising pattern in cryptocurrencies, providing a brand new method to incentivize customers who contribute to the protocol. Zircuit Staking is an modern program that permits customers to deposit her ETH, Liquid Staking Tokens (LST), and Liquid Restaking Tokens (LRT) to earn her Zircuit Factors. Via the staking program, customers can earn staking yields and Zircuit factors on prime of the factors they already earn. Customers who decide in to switch their property when Zircuit mainnet goes dwell will obtain essentially the most rewards. ETH just isn’t hard-locked like Blast or Mantle, so customers can withdraw at any time and maintain the factors and yield they’ve earned.

After spending greater than a yr and a half researching L2, the Zircuit crew created L2 with a built-in AI-enabled sequencer that protects customers by monitoring the reminiscence pool for malicious transactions. In comparison with typical safety efforts that concentrate on the applying and good contract stage, Zircuit brings sequencer-level safety (SLS). Which means each transaction on Zircuit passes by way of low-level safety checks, leading to a safer chain for initiatives and finish customers. Zircuit is absolutely suitable along with his EVM, growing effectivity and offering customers with cheaper and sooner transactions.

Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit is presently within the testnet section, with mainnet anticipated to go dwell in late 2024. To take part in Zircuit staking, customers can go to: https://stake.zircuit.com/

About Jill Package

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 laptop science, algorithms, and cryptography, Zircuit's distinctive structure combines the very best of each worlds: efficiency and safety. For extra info, go to zircuit.com or comply with us on Twitter/X. @Zircuit2

contact

jessica graber
Zirket
(electronic mail protected)