Besides marginfi , one of the extremely potential projects built on Solana , another formidable counterweight is also being built, zkSync , to penetrate this potential lending market. That project is none other than ZeroLend, a lending protocol built on the zkSync system. So what is the ZeroLend project? Let's find out with Coin68 through the article below.
What is ZeroLend (ZERO)? Learn about the lending protocol on zkSync
What is ZeroLend?
ZeroLend is a lending protocol built on zkSync and supported by both of the two most popular orcale projects on the market today,Chainlink and Pyth Network . ZeroLend's ecosystem provides users with a variety of features related to borrowing and lending. The most special of which are Real World Assets and Account Abstraction . Not only that, ZeroLend will reserve 3% of the total supply exclusively for Airdrop activities .
ZeroLend's ecosystem
The ZeroLend ecosystem includes many different features:
- DeFi Lending: Allows users to participate as LP or borrowers on the zkSync system. ZeroLend also provides lending & borrowing services for various supported assets across multiple chain.
- Lending: Token are supported and ZeroLend allows users to deposit into the protocol and earn profits. This is done by borrowers on the platform, who borrow these Token and pay interest to the protocol. Deposit interest rates on ZeroLend are usually expressed as APY (annual interest).
- Borrowing: The maximum borrowing limit for users is determined by factors such as deposit value, asset type, and liquidation of deposited assets. Assets provided by users directly affect the maximum value of the loan.
- ONEZ - Stablecoin: ZeroLend has its own stablecoin designed to profit from the lending protocol's native yield and has the ability to repay itself. Users can also Mint ONEZ and participate in DeFi activities in the zkSync ecosystem.
- ZeroLend Governance: Is a governance system to manage the ZeroLend protocol using ZERO as the Governance Token.
- Account Abstraction: Allows users to perform Gas Price transactions, social network login and authorized transactions.
- Real World Assets (Q2 2024): With a trillion USD vision from the RWA market, ZeroLend has integrated this type of asset into its protocol to bring more opportunities to users.
Basic information about Token
Token name | ZeroLend Token |
Token | ZERO |
Blockchain | Updating… |
Token standard | Updating… |
Contract | Updating… |
Uses of Token | Utilities, Administration |
Total supply | 100,000,000,000 ZERO |
Circulating supply | Updating… |
Token allocation rate
- Private Sale (30%): Allocated 25% at TGE.
- Liquidity (10%): 8% allocation at TGE.
- Team (5%): Allocated 0.8% at TGE.
- Treasury (10%): 8% allocation at TGE.
- Advisors (7%): 25% allocation at TGE.
- Airdrops (3%): 33% allocation at TGE.
- Emissions (35%): 19% allocation at TGE.
Token allocation schedule
To control inflation for the ZERO Token , most activities such as liquidation, treasury, private sale,... will be allocated and ended within the first year after launch. After this period, tokenomics will be designed to reduce Token Emissions (halved after 12 months). At the end of the first year, approximately 78% of the Token supply will be in circulation. The remaining 22% will then be distributed over time in an exponential decline.
ZERO Token allocation schedule
What is ZERO Token used for?
- Staking: ZERO Token holders will have the option to stake their Token on the protocol. That way, they will be rewarded with additional Token as a reward for their participation.
- Fees & validator rewards: ZERO Token will be used to accumulate transaction fees and pay fees to validators of ZeroLend Hyperchain.
- Incentive programs: The protocol will conduct various programs to encourage users to actively participate in the platform.
Instructions for hunting Airdrop of ZeroLend project
- Step 1: Visit https:// Airdrop.zerolend.xyz/#/tasks and select Enter Zero Gravity and connect the wallet.
- Step 2: Join the project's Discord and chat with GM.
- Step 3: Add liquidation, 1 point is equivalent to 1 USD.
- Step 4: Borrow money from ZeroLend, each 1 USD borrowed will be equivalent to 4 points.
- Step 5: Invite friends to join to receive 20% bonus.
- Step 6: Stake PYTH to receive additional points, each PYTH Stake will be equivalent to 1 point.
- Step 7: Visit https:// Airdrop.zerolend.xyz and to participate and do ZeroLend's tasks on the Zealy platform.
summary
Above is all the general information about the ZeroLend project as well as instructions for you to hunt for Airdrop from this project. Through the article, we hope Coin68 has given readers the most general perspective on ZeroLend as well as the potential of this project in the future.
Note: Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market!
