$ZEND TOKEN LAUNCH — Everything You’ll Need to Know
zkLend token ($ZEND) is poised to be the first Starknet native DeFi protocol token to be listed. Following the successful launch of $STRK in February, the Starknet ecosystem is rapidly growing with significant TVL growth and activities across all verticals. The launch of $ZEND is a key milestone for zkLend as well as the wider ecosystem as it signifies the beginning of token launch season for core Starknet-native protocols that have been building since 2022.
$ZEND Token Contract Addresses
$ZEND will start trading on 14 March 2024 10:00 UTC concurrently on both Ethereum L1 and Starknet L2. $ZEND follows the ERC-20 token standard, and bridging between the two networks for $ZEND will be available via the official StarkGate bridge shortly after token launch.
Please refer to the below $ZEND token contract addresses on the respective networks:
- Ethereum L1 ZEND token address:
0xb2606492712D311be8f41d940AFE8CE742A52D44
- Starknet L2 ZEND token address:
0x00585c32b625999e6e5e78645ff8df7a9001cf5cf3eb6b80ccdd16cb64bd3a34
- StarkGate ZEND token bridge
*to be integrated into the main StarkGate bridge’s front-end within the coming weeks
Onchain Support — Wallets, DEXs and DEX Aggregators
Starknet wallets (Argent and Braavos) are supporting $ZEND. Users who are eligible for $ZEND Airdrop SZN 1 can claim their airdrop from the portal on zkLend using their Starknet wallets on 14 March 2024 10:00 UTC.
On top of the support from centralized exchanges, $ZEND will also be tradable on decentralized exchanges (e.g. AMMs) on Starknet. It will be listed on Ekubo and mySwap as one of the network default tokens, and $ZEND/ETH pools will be available upon token launch for trading. In parallel, AVNU and Fibrous will also support $ZEND on the get-go, which will help users optimise for the best execution venue!
Centralized Exchange Integration
- Deposit: Opened on 11 March 2024
- Trading: 14 March 2024 10:00 UTC
- Withdrawals: 15 March 2024 10:00 UTC
- Trading Pair: $ZEND/USDT
- Supported Network: Ethereum
*Deposit and withdrawals will be available via the Ethereum network
- Deposit: Opens on 13 March 2024 10:00 UTC
- Trading: 14 March 2024 10:00 UTC
- Withdrawals: 15 March 2024 10:00 UTC
- Trading Pair: $ZEND/USDT
- Supported Network: Starknet
*Deposit and withdrawals will be available via the Starknet network
It is important to note that KuCoin integration will be available via Ethereum, and Bybit integration will be available via Starknet. In this arrangement, token holders may not be able to directly send their $ZEND from KuCoin to Bybit, and vice versa, as they are on different networks.
Tokenomics & Initial Circulating Supply
zkLend has a fixed total token supply of 100M tokens, which are roughly segregated into the following buckets
- Public and Private Investors — 17% (2 years vesting period)
Allocation to over 20 high-quality institutional investors and angel investors, with the following vesting schedule:
- Seed Investors (6%): 0% unlock upon listing + daily vesting for 24 months
- Strategic Investors (11%): 8% unlock upon listing + daily vesting for 24 months
2. Team and Advisors — 15% (3 years vesting period)
Allocation for the founding team and the board of advisors, with the following vesting schedule:
- Team: 0% unlock upon listing + 6-month cliff + quarterly vesting for 36 months
- Advisors: 0% unlock upon listing + 6-month cliff + quarterly vesting for 36 months
3. Staking and Distribution Rewards — 35% (no vesting, rewards unlock schedule subject to the requirements of specific campaigns)
Allocation earmarked for staking rewards, deposit campaign rewards, distribution rewards and other incentives programmes. No vesting schedule applies, but each rewards and incentives programs may apply their own unlocking schedule.
Example of unlock schedule
- Airdrop Season 1: 25% unlock upon listing + continuous vesting for 90 days (for users)
4. Ecosystem — 33% (5 years vesting period)
Allocation to fund ecosystem partnership, payment for service partners, operating expenses and protocols’ future expansion, with the following vesting schedule:
- Ecosystem: 10% unlock upon listing + monthly vesting for 60 months
The initial circulating supply is approximately 6.5%, which includes the unlocked supply of tokens from investors, CEX and DEX public sale, airdrop and other professional parties. The total circulating supply will gradually increase over time as more $ZEND becomes vested and available for claim.
We are very excited as zkLend commences on the next phase of its journey and this token launch coincides with our push to bring modularity to money-markets on Starknet. The protocol will soon have more direct means to engage our community through token incentives and rewards, develop partnerships, and sustain the protocol’s future expansion. The team will continue to focus on building a sustainable, robust and efficient DeFi solution for our users that will revolutionize the ways they do finance in the future.
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.
