Zircuit: A ZK-Rollup Emphasizing Security Launches Its Staking Initiative

George Town, Grand Cayman, February 24, 2024, Chainwire

In less than a day, the staking initiative has secured an impressive TVL of over $129 million 

Zircuit A progressive zero-knowledge rollup, Zircuit, which prioritizes security and is backed by groundbreaking Layer 2 research, has unveiled Zircuit Staking, an innovative program that allows users to stake ETH alongside liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) to accrue Zircuit Points. Just after its launch, the Zircuit Staking program has already attracted a remarkable $129 million on Ethereum's mainnet, and this figure is likely to keep growing.

Zircuit's burgeoning community has garnered an impressive following of over 112,000 members in a remarkably short span of just four months. The rapid expansion of this community has played a crucial role in the early triumph of Zircuit's staking program. To put this in perspective, Starkware began its journey back in 2018 and has accumulated only 229,000 Twitter followers along with $134 million in TVL as reported by DefiLlama. Zircuit appears poised to eclipse these metrics in terms of both community expansion and total value locked. Twitter followers and 125K Discord Amid the swift rise of EigenLayer, Zircuit is capitalizing on the increasing enthusiasm surrounding restaking protocols. Within the first 24 hours post-launch, the staking initiative has already racked up over $129 million in TVL, reflecting substantial interest and trust in the project. 

By engaging in the staking program, participants can earn Zircuit Points alongside any staking rewards or other currently available points. Those who choose to transition their assets over to the Zircuit Mainnet upon its official launch will enjoy the most significant rewards. Participants can withdraw their assets at any time while retaining the points and yield accrued, meaning that ETH doesn’t get locked up in a rigid manner as seen with Blast or Mantle. Currently,

more assets are supported, and users can expect additional integrations in the upcoming weeks.  Lido Finance , Renzo Protocol , Swell Network , Kelp DAO , and Liquid Collective To join the Zircuit Staking program, users can head over to

For further details about Zircuit, interested users can check out: https://stake.zircuit.com/  

Operating as a fully EVM-compatible, zero-knowledge rollup, Zircuit is propelled by cutting-edge research in Layer 2 technology. Developed by a team awarded multiple research grants from the Ethereum Foundation and supported by leading firms such as Pantera Capital and Dragonfly Capital, Zircuit is pioneering the future of secure blockchain solutions with sequencer-level security. More information can be found at https://www.zircuit.com/  

About Zircuit

Zircuit , it's crucial to clarify that the details shared on this page are not meant to serve as legal, tax, investment, or financial advice in any shape or form. It is essential to only invest funds that you can afford to lose and to seek professional financial consultation if you’re feeling uncertain. For more insights, we recommend reviewing the terms and conditions along with the help and support resources offered by the responsible issuer or advertiser. MetaversePost is dedicated to delivering precise and impartial news, but please be aware that market dynamics can shift unexpectedly. zircuit.com or follow us on Twitter/X @ZircuitL2

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Jessica Graber
Zircuit

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