Today’s ZKSwap status: As of 21:00 GMT on April 13, 2021
- TVL $1473 million
- Liquidity $1038 million
- Transaction 6017 (24 hrs transactions)
First, our TVL reached $1.4 billion and liquidity over $1 billion today!
The community has voted on Twitter about the AMA topic they are expecting the most, and that’s ZKSwap April updates! Thank you all for participating and we will look forward to answering the questions. Also, we’re introducing a regular AMA in the coming weeks.
You are also welcome to check our recent tweets about the hackathon we sponsored in the upcoming EthGlobal Scaling Ethereum with a total prize of $7500. We will host a workshop at 10:00 am East Time on April 14th, where our senior engineer will introduce our newly released APIs & Wiki, and walk through the challenges in this hackathon.
We have kept in mind how important it is to connect with our community and deliver as promised. Soon we will publish weekly dev updates on the process of key topics to ensure transparent and clear communication to all users.
Q&A of the Day
How can I participate in single token mining?
Follow the steps: go to Mining, then Proof-of-liquidity Mining, then Single Token Mining to check the APY of eligible tokens. By simply depositing eligible tokens listed there, e.g. ETH, Wbtc, BBTC, etc to ZKSwap layer2, you’ll automatically participate in the Single Token Mining.
Check https://zks.app/en/mining/pol/single
Do I need to take any actions if my ZKS has already been on Layer2 to join the Savings Campaign?
If you have put your ZKS on Layer 2, you’ll be eligible to get rewards. However, assets in the liquidity pool do not count.
How does Proof-of-Gas work after I deposit ETH?
To put it simply, you deposit gas in a pool and whenever there’s gas needed in transactions, it will be taken out from that pool while you will get your rewards in ZKS for the share you contribute (you will notice a deduction of ETH, meaning the gas has been used). Please check our tutorials for a more detailed explanation:https://en.wiki.zks.org/tutorials
Where can I access ZKSwap L2 wallet?
Go to https://zks.app/en/wallet and connect, then you can find your L2 assets on ZKSwap.
Can I receive rewards from the Savings Campaign as a liquidity provider?
Savings Campaign is for people who hold ZKS on Layer 2. ZKS tokens used for participating PoL and PoS are not included.
When are the rewards distributed?
The reward received will update once a day instead of real-time since we are using snapshots this time. Please note rewards shown in PoL are cumulative of past days. The mining rewards will be settled at 18:00 (GMT+8) daily and issued to eligible participants via L2 transfer. Please note that the actual distribution time of the PoL mining rewards may be delayed due to network congestion.
Can I send my USDT from ZKSwap to Binance?
Do not withdraw(not send) to an exchange address, be extra careful about this. You will find a reminder regarding this on the withdrawal page as well. (Be aware of the difference between “withdraw” and “send”, don’t send to L1 address, use Withdraw)
How many additional tokens are issued each year?
Kindly check our economy whitepaper here:https://medium.com/zkswap/zkswap-economy-whitepaper-31d57b10cae6
And You can find us here🥰:
ZKSwap Official Website: https://zks.org/en
ZKSwap APP: https://zkswap.app
ZKSwap Twitter: https://twitter.com/ZKSwapOfficial
ZKSwap Official Telegram group: https://t.me/zkswapofficial
ZKSwap Discord: https://discord.gg/ZRxS8fYTDv
ZKSwap Medium: https://zkswapofficial.medium.com/
ZKSwap Github page: https://github.com/l2labs
ZKSwap Reddit: https://www.reddit.com/r/ZKSwap_Official
