ZEROBASE Launches Beta Phase, Allowing for Stablecoin Staking and Unveiling a TVL Team Challenge

A real-time zero-knowledge prover network, ZEROBASE has officially commenced its beta launch, indicating the first step of limited public testing for its advanced decentralized zero-knowledge proof architecture. Users can now stake USDT or USDC for an APY of as much as 45.5% and receive future-redeemable ZEROBASE tokens. They can also monitor their earnings in real-time, accumulate ZB points for potential future airdrops, and freely deposit or withdraw their funds.

Additionally, ZEROBASE has rolled out a Total Value Locked (TVL) Team Challenge, which is currently underway and will wrap up at 9:08 AM EST on January 13th. While the competition is available to all, only invited team leaders are eligible to join. A minimum deposit of 10 USDT/USDC is required, accepting assets from Ethereum, BNB Chain, Arbitrum, Polygon, and Avalanche. Teams achieving specific TVL goals will unlock extra rewards. Half of the entire prize pool will be designated for the top 10 team leaders, and the remaining half will be shared among the members of these top 10 teams based on their contributions to the overall scores.

To take part in the Beta Launch, users should click on the invitation link provided by their team leader. Following that, they'll need to navigate to the ZEROBASE event page, connect their wallets, enter their deposit for staking, and create their own invitation code or link to invite others, thereby earning a 10% commission on referrals.

Users opting to join solo are encouraged to also check out the ZEROBASE event page. After linking their wallets and making their stake deposit, they can generate an invitation link to bring in other participants, allowing them to earn the same 10% commission.

What Exactly is ZEROBASE and What is Its Staking System?

ZEROBASE boasts a well-structured staking mechanism designed to incentivize and regulate the security and dependability of prover nodes as they create zero-knowledge proofs (ZKPs).

Among the standout features of ZEROBASE is its hybrid revenue model, which promises high returns and creates multiple income opportunities for users, enhancing their overall profit rates. The platform maintains a USD-centric structure while also accommodating leverage. Moreover, it employs internal ZKPs, ensuring adherence to regulations and maintaining price stability through structured products and multi-strategy approaches with stablecoin support. In collaboration with four major liquidity investment firms, ZEROBASE applies quantitative assessments and performance metrics to guide dynamic fund allocation, maximizing returns while managing risk. Their system further allows for real-time fund adjustments, optimizing profits in bullish markets and employing protective strategies during downturns.

An additional advantage lies in ZEROBASE's stringent internal verification and compliance processes. Utilizing ZKP technology, the platform validates the legitimacy of internal transactions within exchanges, ensuring transparency and safeguarding against fund misappropriation. Users are empowered to independently confirm the integrity and conformity of all internal dealings, thus avoiding opaque operations and ensuring asset security.

Furthermore, ZEROBASE adapts well to various market conditions, aiming to provide improved yields when the market is strong while ensuring asset protection in bearish scenarios.

The foundation of the ZEROBASE network is centered on speed, decentralization, and compliance with regulations. The platform can generate ZK proofs in a matter of milliseconds and ensures swift decentralized consensus through its HUB ring-wake strategy, making it fitting for large-scale commercial implementations. Recently, the initiative secured $5 million in funding for further development from noteworthy backers. This group includes Binance Labs, Lightspeed Faction, Dao5, Matrix Partners, IDG, Symbolic Capital, and additional esteemed investors.