ZKSwap Announced Second Phase PoL&PoT along with Savings Campaign March 30

March 30

Daily Operational Newsletter from ZKSwap Team

Today’s ZKSwap status: As of 18:00 GMT on March 30, 2021

  • TVL $409 million
  • Liquidity $261 million
  • Transaction 4910 (24 hrs transactions)

On March 30, ZKSwap announced another two campaigns! On top of the second phase PoL&PoT(check our previous article), we launched the first phase of the Savings Campaign on March 29, 2021, 18:00 (GMT+8) and will last for 4 weeks. There will be both basic rewards and bonus rewards to users who hold ZKS. More details are in our announcement:

https://zkswapofficial.medium.com/zkswap-launched-savings-campaign-on-march-29th-18-00-gmt-8-6124fc2a9f37

Note that ZKS held in the liquidity pools for PoL mining does not count in the Savings Campaign.

In partnership with decentralized exchange xDEX, a XDEX/ZKS Dual Liquidity Mining Campaign will go live at 10:00 GMT on March 31, 2021. xDEX will provide ZKSwap platform users with an additional 200,000 XDEX tokens to incentivize the liquidity provider after the campaign starts.

Find details here:

https://zkswapofficial.medium.com/zkswap-to-launch-xdex-zks-dual-liquidity-mining-campaign-e1c3e0ae787e

Now there are a few options for you to play with your ZKS. Spread the words! We sincerely hope that you enjoy building up the Layer 2 community together with us!

Q&A of the Day

How is APY calculated?

APY is usually calculated based on tokens staked in the pool.

Will I get rewards holding my ZKS in Layer 2 or I need to put it in the mining pool?

You can hold your ZKS on layer2 to get the savings reward or add liquidity on layer2 to automatically participate in liquidity mining.

We are running PoL/PoT/Savings campaigns and a dual liquidity mining xDEX at the moment. Check out announcements of each campaign to see how you can use your ZKS to get rewards!

Do you only take 1 snapshot or several per day for PoL?

We take only 1 snapshot a day during the campaign.

Why are the rewards not showing in real-time?

We are using the snapshot method this time and the reward will be issued once a day. Users are able to check rewards once it’s distributed.

When will the PoL/PoT rewards be distributed?

Mining rewards will be distributed from 18:00 (GMT+8) daily, please be patient if there’s a delay. Users can be assured to get all eligible rewards.

I am holding LP tokens from the first phase campaign, how can I participate in this L2 Liquidity mining?

Please deposit them on Layer 2 if you haven’t done so. Not sure how to deposit? Find out here:

https://zkswapofficial.medium.com/how-to-deposit-on-zkswap-14c7ea9d5f7

And how to mine in the second phase?kindly check our tutorial:https://zks.app/docs/staking-en.pdf