George Town Grand Cayman March 7th 2024, Chainwire
Zircuit announced today that its TVL staking program had exceeded $500M. Zircuit’s testnet is set to reach a TVL of $500M on the mainnet day one, surpassing major blockchains including Linea. Manta. Mantle. Near. Scroll. Aptos.
Zircuit’s support for Ethena will be expanded next week. Users who stake with Zircuit USDe will receive Zircuit Points as well as 7x Shards. Ethena is an on-chain yield-bearing, crypto-native synthetic dollar that’s fully collateralized. Renzo is one of the protocols included in this program.
Points-based programs have been a trending topic in the crypto world, as they offer a new incentive for users to contribute to a particular protocol. Zircuit Staking allows users to deposit liquid staking (LSTs) and liquid restaking (LRTs), as well as ETH to earn Zircuit points. Users can earn Zircuit Points on top of the points or yields they already receive ….
