zerolend

The multi-chain lending protocol ZeroLend has officially announced:After three years of building and operating the protocol, the team has made the difficult decision to gradually cease operations. Despite the team's ongoing efforts, the current form of the protocol is no longer sustainable.In recent times, several chains that ZeroLend initially supported have become inactive or experienced a significant decline in liquidity. In some cases, oracle providers have also stopped their support, making it increasingly difficult to reliably operate the market or generate sustainable income. Meanwhile, as the scale of the protocol expanded, it attracted more malicious actors, including hackers and scammers. Combined with the inherently low-profit and high-risk nature of lending protocols, this has led to the protocol being in a state of long-term losses.The team's current top priority is to ensure that users can safely withdraw their assets. All users are strongly advised to withdraw any remaining funds from the platform as soon as possible.

ChainCatcher news, the decentralized lending protocol ZeroLend announced a partnership with Pendle and ether.fi to provide eBTC assets for its Pendle BTC market users. Users participating can earn points boost rewards from multiple protocols such as ether.fi and Symbiotic, and Pendle users can use leverage to increase their positions.eBTC is a re-staking asset launched by ether.fi, where users can deposit BTC into ether.fi's Bitcoin vault to receive eBTC.

ChainCatcher news, the dYdX Foundation announced on social media that the on-chain vote regarding whether the dYdX community should add Zerolend on the dYdX Chain has been opened, and this vote will end at 15:16 UTC on August 12, 2024.Currently, the number of votes is 46,707,390 DYDX, with 100% of the votes in favor of the proposal.

ChainCatcher news, the decentralized lending protocol ZeroLend stated in a post on X that at the time of the ZKsync snapshot release, ZeroLend was excluded from the list of protocols eligible for developer incentives, with no airdrop at all, raising questions about the fairness and decentralization of its process.ZK Nation responded that approximately 155,000 ZeroLend users received a considerable token allocation in the ZK airdrop, confirming that the tokens directly allocated to the project involve more criteria.

ChainCatcher news, the multi-chain lending protocol ZeroLend has now integrated with the OKX Web3 wallet. Users can earn yields through lending, staking, and other activities on ZeroLend via the OKX Web3 wallet. ZeroLend is a lending protocol on zkSync and has also supported networks such as Manta Network, Blast, Linea, and Ethereum. Its ecosystem consists of DeFi lending, the stablecoin ONEZ, the governance token ZERO, support for real-world assets, account abstraction, and a privacy layer using zkStack.It is reported that the OKX Web3 wallet is a one-stop Web3 entry point, now supporting over 95 public chains, with a unified experience across app, plugin, and web, covering five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and has launched a trading market for Bitcoin inscriptions and runes.

ChainCatcher news, according to official Aevo announcements, the first Aevo Airdrops project zerolend has been launched, which will distribute 400 million ZERO to users eligible for Zerolend's Aevo Airdrops. The claim link will go live on May 24 at 8 AM (UTC). Approximately 2000 wallets meet this criteria.The snapshot was taken on May 15 at 8 AM (UTC). The eligibility for the airdrop is:Stakers with more than 1000 AEVO staked at the time of the snapshot.Traders based on trading volume linearly distributed before ZERO's listing.

ChainCatcher news, Aevo announced on platform X the launch of Aevo Airdrops. Aevo Airdrops is a new program that collaborates with some Pre-Launch projects that are going live on Aevo and will airdrop their tokens to the most active Pre-Launch traders and AEVO stakers.The first two projects launched in Aevo Airdrops are Swell Protocol and Zerolend Finance. An additional 3 projects will be launched in the coming weeks. Aevo stated that it will begin airdropping ZERO tokens to eligible wallets next week.In addition, Aevo has improved the staking benefits of Aevo. The staking benefits for Aevo stakers are divided into four levels: Bronze, Silver, Gold, and Diamond, providing different benefits based on the level.

ChainCatcher message, ZeroLend official stated on social media that currently 15% of the circulating ZERO is being staked.

ChainCatcher news, the decentralized multi-chain lending protocol ZeroLend stated on platform X that it has uploaded over 450,000 wallets to the airdrop claim website.Previously, at least 20,000 earlyZERO were required by the snapshot deadline. Now, any wallet holding at least 1 earlyZERO has been added to ensure compliance with the 1:1 redemption promise of earlyZERO to ZERO. As of now, it is expected that most of the airdrop allocation will officially conclude, but there may still be some areas that need to be addressed.

ChainCatcher news, ZeroLend posted on platform X that as of the time of writing, the protocol's TVL has exceeded $190 million, with 650 million ZERO staked, over 16,000 unique holding addresses, and ZeroLend has become the largest lending market on Linea, zkSync, and X Layer.Previous news, ZeroLend announced that ZERO airdrop claims and staking are now live.

ChainCatcher message, the decentralized lending protocol ZeroLend has opened the airdrop token claim.

ChainCatcher news, the decentralized lending protocol ZeroLend announced that it will open the ZERO airdrop claim on Linea at 15:30 Beijing time on May 6, and ZERO trading will open at 16:00.The accumulated Zero Gravity points and earlyZERO (1 earlyZERO = 1 ZERO) will be automatically converted to ZERO and displayed on the rewards page.ZeroLend will allocate 18% of the token supply to the community, with 5% of the supply allocated to Zero Gravity participants and 13% to earlyZERO holders. ZeroLend stated that a snapshot will be taken close to the TGE. ZERO stakers will receive voting rights, staking rewards, and potential future airdrops from other protocols based on their voting rights. If users stake for more than 1 year, they can receive a staking bonus of 5%-20%.

ChainCatcher news, Linea posted on social media that ZeroLend will launch its governance mechanism on Linea next Monday (May 6) at 16:00.ChainCatcher previously reported that the multi-chain lending protocol ZeroLend announced its ZERO token economics, with a maximum supply of 10 billion tokens and an initial circulation of 25%. 35% of the total supply is allocated for private placement, 18% for airdrops, 10% for liquidity, 5% for the treasury, 7% for advisors, 5% for the team, and 20% reserved for release to stimulate growth (with a vesting period of 1200 months).

ChainCatcher news, according to the official announcement, OKX will launch ZeroLend (ZERO) spot trading, with the following schedule:ZERO deposit opening time: May 3, 16:00 (UTC+8)ZERO/USDT trading opening time: May 6, 16:00 (UTC+8)ZERO withdrawal opening time: May 7, 18:00 (UTC+8)

ChainCatcher news, the multi-chain lending protocol ZeroLend has announced its ZERO tokenomics, with a maximum supply of 10 billion tokens and an initial circulation of 25%.35% of the total supply is allocated for private placement, 18% for airdrops, 10% for liquidity, 5% allocated to the treasury, 7% allocated to advisors, 5% allocated to the team, and 20% reserved for release to stimulate growth (with a vesting period of 1200 months).According to previous news, ZERO is a Linea ERC-20 token, serving as a utility and governance token for the ZeroLend ecosystem, which can be bridged to all chains using LayerZero. The ZERO TGE will commence on May 6.

ChainCatcher news, the multi-chain lending protocol ZeroLend announced that it will conduct the ZERO token TGE (Token Generation Event) on May 6. 15% to 17% of the ZERO supply will be distributed to the community as an airdrop, of which 5% is allocated to participants of the Zero Gravity points program, and 10% to 12% will be distributed through earlyZERO (pre-mined ZERO). These two allocations will have 40% upfront, a 3-month cliff, and a 3-month linear release period.

ChainCatcher news, Aevo announced on social media that pre-market trading has launched for the ZeroLend token ZERO.

ChainCatcher news, according to official sources, the multi-chain lending protocol ZeroLend has announced the launch of its points system, the Zero Gravity Program. This program will be divided into 3 Voyages, each Voyage consisting of 3 Chapters.Currently, the program's Voyage 1: Zero to Zillion has opened Chapter 1 Ignition (the other two Chapters are LiftOff and Boost), with the event running from April 11 to April 29. The team has reserved 10% of the total ZERO airdrop (10 billion ZERO) for Voyage 1, with Chapter 1 allocating 5% of the total airdrop.Previously, ZeroLend revealed on the X platform that it plans to launch the governance token ZERO on April 29.

ChainCatcher news, the multi-chain lending protocol ZeroLend announced that it plans to launch its governance token ZERO on April 29, with more details about the TGE to be revealed soon.ZeroLend supports zkSync, Manta Network, Blast, Linea, and Ethereum, allowing users to deposit supported tokens and earn yields from them.Previously, in February of this year, ZeroLend completed a $3 million seed round financing at a valuation of $25 million, with participation from Momentum 6, Blockchain Founders Fund, Morning Star Ventures, and others.

ChainCatcher news, the zkSync ecosystem decentralized lending protocol ZeroLend announced that it has raised $3 million in seed funding at a valuation of $25 million, with investors including Momentum 6, Blockchain Founders Fund, Morning Star Ventures, Banter Capital, Newman Capital, dVdT, Transform Capital, Cypher Capital, Bison Fund, Ozaru Ventures, iAngels, Krypital, Genblock, viaBTC, GBV and Asteroid Capital, as well as angel investors like MrBlock from Curve Finance, Pranav Sharma from Woodstock, and Boxmining.In addition, ZeroLend stated that it will launch its native governance token ZERO in the first quarter of 2024.