George City, Grand Cayman, March 7, 2024, Chainwire
Zircuit, the zk rollup with parallelized circuitry and AI-powered sequencer-level safety, introduced at this time that its staking program has surpassed $500 million in TVL. At the moment within the testnet section, Zircuit is poised to hit the TVL mainnet on day one, beating main blockchains corresponding to Linea, Manta, Mantle, Close to, Scroll, Aptos, and zkSync.
Subsequent week, Zircuit will combine Ethena, including to the rising checklist of supported protocols for Zircuit Staking. Customers who stake USDe utilizing Zircuit will obtain Zircuit Factors and 7x Shards (Ethena factors). Athena is a crypto-native answer for a yield-bearing artificial greenback, totally secured and freely composable onchain. Different protocols in this system embrace Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie and Liquid Collective.
Factors packages have change into a rising pattern in cryptocurrency and provide a brand new solution to incentivize customers who contribute to the protocol. Zircuit Staking is an modern program that permits customers to stake ETH, Liquid Staking Tokens (LST) and Liquid Staking Tokens (LRT) to earn Zircuit Factors. By the wagering program, customers can earn Zircuit factors on prime of any wagering income or factors they’re already incomes. Customers who signal as much as migrate their property to the Zircuit Mainnet when it launches are rewarded essentially the most. Customers can withdraw and hold earned factors and earnings at any time since ETH is just not hardwired like Blast or Mantle.
After spending over a 12 months and a half conducting L2 analysis, the Zircuit workforce created the L2 with a built-in AI sequencer that protects customers by monitoring malicious transactions within the mempool. In comparison with typical safety measures that concentrate on the applying and sensible contract ranges, Zircuit brings Sequencer Stage Safety (SLS). Which means each transaction on Zircuit will move low-level safety checks, leading to a safer chain for initiatives and finish customers. Zircuit can also be totally appropriate with EVMs, providing better effectivity and offering customers with cheaper and quicker transactions.
Backed by Pantera Capital, Dragonfly Capital and Maelstrom, Zircuit is at the moment within the testnet section, with the mainnet anticipated to reach later in 2024. To take part in Zircuit Staking, customers can go to: https://stake.zircuit. com/
About Circuit
Zircuit is a rollup zk with parallelized circuits and sequencer-level AI-enabled safety. Created by a workforce of skilled web3 safety veterans and PhDs in pc science, algorithms and cryptography, Zircuit’s distinctive structure combines the very best of each worlds of efficiency and safety. To study extra, go to zircuit.com or observe us on Twitter/X @CircuitL2
Contact
Jessica Graber
Circuit
(electronic mail protected)
