Rising Stars: Zircuit Staking Program Surpasses $500M TVL, Poised for Mainnet Success

George Town, Grand Cayman - On March 7th, 2024, Chainwire Zircuit, a zk rollup solution with parallelized circuits and AI-enabled security at the sequencer level, announced that its staking program has reached a milestone of $500 million in total value locked (TVL). After a successful testnet phase, Zircuit is ready to launch on mainnet and is projected to have a TVL surpassing that of major blockchains like Linea and Manta on its first day.

Zircuit Staking Program surpasses $500M TVL and integrates Ethena – Blocking.net

George Town, Grand Cayman, March 7th, 2024, Chainwire – Zircuit, a zk rollup with parallelized circuits and AI-enabled security at the sequencer level, is making waves in the blockchain industry. Today, they announced that their staking program has surpassed an impressive $500M in Total Value Locked (TVL). But that’s not all. With their mainnet launch on the horizon, Zircuit is set to outshine major blockchains such as Linea, Manta, Mantle, Near, Scroll, Aptos, and zkSync.

A Paradigm Shift: Zircuit’s Innovative Staking Program with Zircuit Points

In the world of crypto, points programs have become a rising trend, offering new ways to incentivize user participation. Zircuit Staking takes this concept to the next level by allowing users to deposit ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Points. These Zircuit Points can be earned on top of existing staking yields or points.

When the Zircuit Mainnet goes live, users who opt-in to migrate their assets will be generously rewarded. Unlike other platforms with hard-locked assets, Zircuit allows users to withdraw at any time while keeping their earned points and yield.

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The Zircuit Ecosystem Expands: Integration with Ethena and Supported Protocols

Next week, Zircuit will integrate Ethena into their ecosystem, expanding their already impressive list of supported protocols. Users who stake USDe with Zircuit will earn Zircuit Points as well as 7x Shards (Ethena points). Ethena functions as a crypto-native solution for a yield-bearing synthetic dollar, fully collateralized and freely composable on-chain.

Apart from Ethena, Zircuit Staking already supports protocols such as Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie, and Liquid Collective. This growing ecosystem provides users with diverse opportunities to maximize their staking rewards.

Unparalleled Security: Zircuit’s Distinctive Approach

Security is a top priority for Zircuit, and they have taken a unique approach in ensuring the safety of their users. After over a year and a half of L2 research, the Zircuit team has created an L2 solution with a built-in AI-enabled sequencer. This cutting-edge technology protects users by constantly monitoring the mempool for malicious transactions. Unlike typical security measures that focus on the application and smart contract levels, Zircuit introduces sequencer-level security (SLS). Every transaction on Zircuit will go through comprehensive low-level security checks, resulting in a more secure chain for projects and end users.

Additionally, Zircuit is fully EVM-compatible, offering greater efficiency and providing users with cheaper and faster transactions.

Bright Future Ahead: Zircuit’s Mainnet Launch and Investment Potential

With prominent backers such as Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit is well-positioned for success. Currently in the testnet phase, Zircuit’s mainnet launch is expected later in 2024. As the blockchain ecosystem continues to evolve, Zircuit’s unique architecture and commitment to security give them a competitive edge.

Investors and crypto enthusiasts alike should keep a close eye on Zircuit’s progress, as they are poised to make a significant impact in the industry. Participating in Zircuit Staking can be done by visiting their website: https://stake.zircuit.com/

About Zircuit

Zircuit is a zk rollup with parallelized circuits and AI-enabled security at the sequencer level. The team behind Zircuit comprises web3 security veterans and experts in computer science, algorithms, and cryptography. Their innovative architecture combines the best of performance and security. To learn more about Zircuit, visit zircuit.com or follow them on Twitter [@ZircuitL2](https://twitter.com/ZircuitL2).

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Q&A: Addressing Additional Topics for Readers

Q: What is a zk rollup? How does it differ from other scalability solutions?

A zk rollup is a Layer 2 scalability solution that increases blockchain throughput by batching multiple transactions together and generating a succinct proof of their validity. This proof is then published on the main blockchain for verification. The key distinction of zk rollups is the integration of zero-knowledge proofs, which allow for high transaction throughput without compromising security.

To better understand zk rollups and explore other scalability solutions, check out these resources:

1. Understanding zk rollups and their benefits
2. Comparing different Layer 2 scalability solutions

Q: How can Zircuit Staking benefit me as an investor?

Zircuit Staking offers an attractive opportunity for investors looking to earn passive income in the crypto market. By staking your ETH, liquid staking tokens (LSTs), or liquid restaking tokens (LRTs) with Zircuit, you can earn Zircuit Points on top of your existing staking rewards. These points can further enhance your yield and provide additional incentives for long-term participation within the Zircuit ecosystem.

Keep in mind that all investments carry some degree of risk, and it’s important to conduct thorough research before making any financial decisions.

Q: What are the advantages of the Zircuit Ecosystem?

The Zircuit Ecosystem offers several advantages for users seeking efficient and secure blockchain transactions. Some of the key benefits include:

1. • Fully EVM-compatible, ensuring compatibility with existing Ethereum-based applications.
2. • Greater efficiency, providing faster and cheaper transactions compared to the Ethereum mainnet.
3. • Sequencer-level security (SLS), offering enhanced protection against malicious transactions.
4. • Diverse protocol support, enabling users to explore various staking opportunities and maximize their rewards.

Stay updated with the latest news and developments surrounding the Zircuit Ecosystem to make the most out of its advantages and potential.

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📚 Reference List:

1. Zk rollups and their benefits
2. Explaining Layer 2 scalability solutions
3. Pantera Capital’s investment in Zircuit
4. Dragonfly Capital’s involvement with Zircuit
5. Maelstrom’s support for Zircuit

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Connect with us on Twitter [@ZircuitL2](https://twitter.com/ZircuitL2) for the latest updates and news.

Contact: Jessica Graber, Zircuit [email protected]

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