ZKSwap 100% ZK-Rollup Update Completed and Announces gZKS Governance Tokens to Further Support Community Governance!
ZKSwap carried out 100% ZK-Rollup upgrade at 6:00 GMT on March 22, 2021. This version upgrade lasted 15 minutes, and all Layer2 data has been aggregated and packaged on-chain after the upgrade to ensure the consistency of Layer1 and Layer2 states by continuously generating zero-knowledge proofs.
While improving security, the Layer2 transactions such as swap, adding/removing liquidity, and withdrawals will not be affected in any form and will become effortlessly.
In addition, ZKSwap ended its first phase of liquidity mining (PoL) and transaction mining (PoT) activities on March 20, with 9 million ZKS mining rewards distributed. Multiple AMM pool minings’ annualized return during the campaign has exceeded 100%. Users added over $1.3 billion in liquidity. Total locked value has exceeded $1.5 billion, and the daily transactions were stable at $50 million. The total trading volume during the campaign reached close to $1 billion.
After the completion of this upgrade, ZKSwap will launch gZKS governance tokens and community governance solutions according to the previously released 2021 Roadmap. ZKSwap will support unlimited token listings for users, allowing long-term ZKS holders to participate in community governance and enjoy more platform benefits. For more details, please refer to ZKSwap official website announcement: zks.org/blog
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/