Zomma Protocol is the first options trading platform on ZKsync, which has been among the top 15 DeFi applications for over two and a half years and is an important member of the Paymaster Alliance. Now, Zomma has officially launched on the Arbitrum ecosystem and has achieved top three TVL growth performance since its launch.
Zomma aims to combine the features of traditional finance (TradFi) options and DeFi to improve capital efficiency and ensure maximum returns. Zomma's goal is to become the core driver of on-chain financial products, realizing this vision through a diverse product line including fixed income, innovative staking, option vaults, and European options.
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ToggleZomma Stake to Earn Festival is officially launched, with the potential to earn up to 50% APY!
To celebrate the launch of Zomma Protocol on the Arbitrum ecosystem, by becoming a Zomma liquidity provider (LP), you can earn up to 10 times the $ZY rewards, with an APY of up to 30% (based on the past performance on ZKsync), and a total potential return of up to 50% APY.
Step 1: Select the BTC/ETH trading pair and evaluate the liquidity pool status
After logging in to the "Earn" page of Zomma, you will see various asset pairs and their total locked value (TVL), annual percentage yield (APY), and price per share (Price Per Share).
You can choose the appropriate pool based on your asset allocation and risk preference. Pools with higher TVL are more stable in handling large inflows or outflows of funds, while those with higher APY have higher return potential.
Step 2: Deposit and provide liquidity
Click "Add" and enter the amount you want to stake. Before proceeding, make sure your wallet has enough funds to pay the gas fees. You can choose the default investment ratios of 25%, 50%, 75%, or the maximum amount to quickly adjust the investment amount.
Step 3: Confirm the expected returns and risks
Before confirming the deposit, the system will display the corresponding shares you will receive, the estimated annual yield, and the gas required. As these data are updated in real-time, it is recommended to check them again before submitting to avoid market fluctuations affecting your portfolio.
Step 4: Earnings management
You can check your shares, current asset value, and accumulated earnings at any time on the "My Liquidity" page.
Zomma also provides a "Withdraw" option, allowing you to withdraw part or all of your staked assets whenever needed. It is recommended to regularly check your earnings and adjust your asset allocation based on market conditions.
Potential for up to 50% APY rewards
By providing liquidity on Zomma, you can earn both the platform's trading fees and $ZY rewards, which is a relatively stable strategy for users who do not plan to trade their assets in the near future. Based on the performance of the pools running on ZKsync for a year, Zomma has already achieved a 30% APY, and therefore has the potential to reach a total of 50% APY on Arbitrum!
Zomma Stake to Earn Festival Quick Guide
- Immediately log in to the "Earn" page of Zomma, select the appropriate BTC/ETH trading pair, and evaluate the liquidity pool status.
- Deposit based on your asset allocation and risk preference, choose the appropriate staking amount, and ensure your wallet has enough funds to pay the gas fees.
- Confirm the expected returns and risks, and carefully check the shares you will receive and the estimated annual yield before submitting.
- Regularly check your earnings and asset allocation, and use the "Withdraw" option to withdraw the staked assets whenever necessary.
Start your Uptober Zomma Earning!
