zkLend recently announced the launch of ZEND Deposit Campaign, allowing users to lock up ZEND on zkLend to receive yields from it.
zkLend opens ZEND deposit campaign
The ZEND Deposit Campaign is designed to increase the role of the ZEND Token in the zkLend and Starknet ecosystems, serving as a foundation for other future functions such as Staking, expected to launch in Q2/2024.
Detailed information about the program
- Time: start investing at 04:00 PM on March 19, 2024
- Collateral: the ZEND Token locked to receive interest will not be used for lending or as collateral. zkLend wants to keep this amount of ZEND Token independent in preparation for future Staking features.
- Participation requirements: users only need to lock ZEND to the activity website, no other actions are needed.
- ZEND deposit APR will be 2.5% until the participation limit is reached, after which the APR will be dynamically adjusted ensuring fairness for all users.
- Reward distribution: rewards will be distributed every 2 weeks, with the first at 04:00 PM on April 3, 2024.
Join now at zkLend's website .
About zkLend
zkLend is the protocol lending. lending above Starknet , a Second-Layer Solutions using zk-Rollups technology, provides fast transaction speeds and low transaction costs.
Learn more about zkLend: Website | Twitter | Telegram | Discord
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