Keep up with what's happening in the crypto world in real-time.
All Filters (1)
EigenLayer has enhanced two major integrations, with Mantle Network and ZKsync adopting EigenDA for data availability and ZKsync also incorporating EigenLayer's Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge (zk) proving. These partnerships expand EigenLayer's role in Ethereum's modular security landscape, reinforcing its position as the leading restaking protocol.
The ZKsync Ignite program will be discontinued after its first season, with the DeFi Steering Committee (DSC) announcing that rewards will cease on March 17, 2025. The decision is driven by a strategic shift towards focusing resources on the Elastic Network, which is seen as essential for the long-term vision of ZKsync.
The company behind ZKsync DAO prematurely ended its Ignite rewards program effective March 17, citing bearish market conditions.
TL;DR ZKsync DAO ends the Ignite program ahead of schedule, avoiding the second season of rewards for DeFi projects due to market conditions and a more conservative strategic approach. The decision aligns with the priority of developing the Elastic Network, a multichain ecosystem within ZKsync that aims to enhance interoperability and efficiency in decentralized finance.
ZKsync has announced the cancellation of the second season of Ignite and remains committed to its Elastic Network vision.
The blockchain has lost around 50% of total value locked since Jan. 30.
ZKsync's DeFi Steering Committee (DSC) said it will not renew ZKsync Ignite, its liquidity reward program, as the project shifts its focus to broader network expansion.The DSC confirmed that Ignite's second season will not proceed and that the program will be discontinued on March 17. This also cancels the reward allocation for period 6, the final phase of the program's first season.
ZKSync will not launch Season 2 of its Ignite program, which aimed to boost available liquidity for DeFi. ZKSync will now focus on the Elastic Network and improve the ZK tokenomics to offset the bearish market conditions.
The committee said that prioritizing technology development for native interoperability across ZKSync's Elastic Network is crucial.
Matter Labs Co-Founder and CEO Alex Gluchowski explains why he sees ZK as the "end game" for blockchain tech.
Beyond PENGU, airdrops from Dymension, Omni Network, zkSync, and LayerZero boosted Pudgy Penguins holders' earnings significantly throughout 2024.
Matter Labs CEO Alex Gluchowski said interoperability across the Elastic Network could add a new dimension to this potential value accrual.
1inch, the decentralised exchange (DEX) aggregator, announced on Thursday its integration with zkSync, the Ethereum layer-2 scaling solution that uses zk-roll ups. In a bid to more faster and secure cross-chain transactions, 1inch will enable its users to make frequent or smaller trades with much lower gas fees using zkSync's Ethereum Layer-1 security.
1inch has woven ZKsync into its cross-chain swap architecture, empowering users to exchange assets across networks with accelerated processing and minimized fees. ZKsync Joins 1inch's Cross-Chain Ecosystem This upgrade aims to amplify 1inch's technical prowess, permitting asset transfers between blockchains via ZKsync's layer two (L2) framework.
1inch Network expands its cross-chain capabilities by integrating ZKsync's layer-2 scaling solution, promising reduced fees and enhanced transaction speeds for users.
1inch Network has added ZKsync support to its cross-chain swaps, providing traders with lower transaction fees and near-instant execution. With Fusion+ technology enabling gas-free transactions, the integration enhances DeFi accessibility while leveraging ZKsync's security and scalability. The post 1inch Network Updates Cross-Chain Swaps to Feature ZKsync appeared first on Cryptonews.
TL;DR 1inch Network integrates ZKsync, an Ethereum scaling solution, to offer faster and cheaper cross-chain swaps. 1inch's Fusion+ technology enables fee payments through “relayers” who stake 1INCH tokens, benefiting users with lower costs. ZKsync, based on zero-knowledge technology, speeds up transactions while maintaining Ethereum's security.
ZKsync pushes the DeFi sector towards a more efficient and secure future
The integration aims to provide faster and cheaper transactions for users.
Switzerland's largest bank UBS is testing a digital gold trading system called UBS Key4 Gold on Ethereum's ZKsync Layer-2 network, enabling fractional gold investments with real-time pricing and secure physical storage options.
The Swiss bank UBS, a global leader in the financial sector, is experimenting with an innovative blockchain solution.
Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution ZKsync (ZK).
UBS is testing blockchain to boost retail gold investments. ZKsync improves privacy and scalability for UBS' gold platform.
UBS, a Swiss-based banking and asset managing conglomerate, is experimenting with rolling out Key4 Gold program on zkSync Validium testnet. In a bold move, UBS is setting new standards in RWAs tokenization on Ethereum-like blockchains.
