zkLend is thrilled to unveil the ZEND Deposit Campaign, a pioneering initiative crafted for ZEND holders. As we prepare to broaden ZEND utility across our protocol and other DeFi projects, this campaign marks the first stride towards integrating our token more deeply within the ecosystem. Starting on Tuesday, March 19 at 0900 UTC, ZEND holders may deposit ZEND into zkLend Markets and earn native yield on their deposits.
Embrace the Future of ZEND
The ZEND Deposit Campaign is more than a simple deposit initiative; it serves as a gateway to amplifying ZEND’s role within zkLend and Starknet. This initiative lays the groundwork for its integration into an expanded array of functionalities, including staking, revenue program, and early access to product features — all slated to roll out in Q2 2024.
What You Need to Know
- Campaign Start: Starting today, users may deposit ZEND on the markets page
- Collateral: Initially, ZEND will not be enabled for borrows nor used as collateral in the markets pool. Our vision is to gradually transition ZEND into an isolated market, unlocking these capabilities.
- Utility Expansion: This campaign is a signpost for the upcoming expansion of ZEND’s utility and the beginning of its integration into staking mechanisms and isolated markets within the protocol.
- Simple Participation: Participation in the campaign is seamless — simply deposit ZEND and you’re all set. No enrollment is necessary; your participation is automatic with your deposit.
Your Potential Earnings
- Max APR: An initial yield of 50% APR until a predefined cap is reached.
- Dynamic APR: In the event the cap is surpassed, the APR will be dynamically adjusted from that point onwards to guarantee a fair and equitable distribution of rewards among all participants.
Payout Details
- Regular Rewards: Rewards will be tallied every two weeks, with the inaugural batch of ZEND deposit rewards claimable on 02 Apr 0900 UTC, following the campaign’s inception. This bi-weekly payout regimen facilitates regular updates and access to your rewards — claim your rewards here.
By participating in the ZEND Deposit Campaign, you’re playing a pivotal role in the evolution of the ZEND ecosystem within zkLend. This campaign melds earning potential with strategic engagement, empowering holders to enhance the utility and value of their assets. Join this transformative initiative and help shape the future of digital finance alongside zkLend.
About zkLend
zkLend is the native money-market protocol on Starknet, an L2 scaling solution combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security.
