George Town, Grand Cayman, March 7, 2024, Chainwire
Zir roe, a zk rollup with parallel circuits and AI-based sequencer-level security, today announced that its staking program has surpassed $500 million in TVL. Currently, Zircuit is in the testnet phase and is on the verge of achieving a mainnet TVL on day one that surpasses major blockchains such as Linea, Manta, Mantle, Near, Scroll, Aptos and zkSync.
Zircuit will integrate next week Ethena, adding to the growing list of supported protocols for Zircuit Staking. Users who stake USDe with Zircuit earn Zircuit Points and 7x Shards (Ethena Points). Ethena is a crypto-native solution for a yield-bearing synthetic dollar, fully collateralized and freely composable on-chain. Other protocols in the program include Renzo, Kelp, Etherfi, Lido, Swell, Eigenpie and Liquid Collective.
Points programs have become a rising trend in crypto, offering a new way to incentivize users who contribute to a protocol. Zircuit expansion is an innovative program that allows users to deposit ETH, liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) to earn Zircuit Points. Through the wagering program, users can earn Zircuit points on top of the wagering proceeds or the points they are already earning. Users who choose to migrate their assets to the Zircuit Mainnet when it goes live will be rewarded the most. Users can withdraw at any time and keep the points and revenue earned, as ETH is not as locked in as Blast or Mantle.
After conducting L2 research for over a year and a half, the Zircuit team created an L2 with a built-in AI-based sequencer that protects users by monitoring the mempool for malicious transactions. Compared to typical security efforts that focus on the application and smart contract levels, Zircuit provides security at the sequencer level (SLS). This means that every transaction on Zircuit will undergo low-level security checks, resulting in a more secure chain for projects and end users. Zircuit is also fully EVM compatible, offering greater efficiency and providing users with cheaper and faster transactions.
Backed by Pantera Capital, Dragonfly Capital and Maelstrom, Zircuit is currently in the testnet phase, with mainnet expected to launch later in 2024. To participate in Zircuit Staking, users can visit: https://stake.zircuit.com/
About Zircuit
Zircuit is a zk combination with parallel circuits and AI-compatible sequencer-level security. Built by a team of Web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds in performance and security. Visit for more information zirkuit.com or follow us on Twitter/X @ZircuitL2
Contact
Jessica Graber
Zir roe
jessica@zircuit.com