Zulu Network is set to unveil its Staking Program on September 26.
In Brief
Zulu Network is on the verge of launching a Staking Program that will allow users to securely stake their assets, thereby unlocking fresh prospects in the Zulu ecosystem.
Bitcoin Layer 2 platform Zulu Network (ZULU) has made an announcement regarding its anticipated Zulu Staking Program, scheduled for launch on September 26th. This program is aimed at enabling users to stake their assets securely, all while discovering new possibilities within the Zulu ecosystem. As an initial activity before the mainnet, this program will support assets from the Bitcoin, BNB Chain, and Ethereum networks.
The Zulu Staking Program is crafted as a gateway to new possibilities, allowing users to engage actively and benefit from the dynamic Zulu ecosystem. By supporting a variety of assets and offering an intuitive interface, the platform aims to boost both the utility and accessibility of the Zulu Network. This initiative is poised to play a pivotal role in shaping the future of Bitcoin, strengthening Zulu’s standing as a frontrunner in Bitcoin Layer 2 technology.
The program will accept various assets including Bitcoin (BTC), along with BNB Chain assets such as BNB, BTCB, stBTC, and BBTC, in addition to assets from the Ethereum network like ETH, USDT, USDC, and WBTC.
A standout feature of this program is the Zulu Staking Points (ZSP), which serve to reward users for their active participation in the network. Each token staked is transformed into a Bitcoin-equivalent value, offering a standardized way to compute rewards. For every 1 BTC value staked, participants earn a daily total of 100,000 ZSP, resetting every 24 hours.
These points signify a user's active role in the Zulu ecosystem. By accumulating ZSP, users can enhance their influence and potential rewards within the network, making it a key component of the staking journey. Staking assets not only contributes to the growth of the network, but also positions participants to take advantage of future prospects within the Zulu ecosystem.
Zulu Network has introduced a Testnet Beta, showcasing enhanced performance and improved usability.
Zulu Network is innovating within the Bitcoin Layer 2 space through a unique dual-layer approach. This framework includes ZuluPrime as the primary layer and ZuluNexus as the secondary layer, both aimed at amplifying the Bitcoin blockchain's functionalities.
The platform launched the Zulu Testnet Beta Earlier this year, they rolled out updates to enhance the Zulu Bridge smart contract, focusing on reinforcing security while offering a more user-friendly experience. Now, users can settle transaction fees on the Zulu blockchain using a diverse range of tokens, including BTC and ZULU. Moreover, the platform’s performance and interface have been fine-tuned for an optimized user experience.
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