New PoL and PoT mining campaigns launched! From 24th May to 7th June on ZKSwap
The 5th ZKSwap Proof-of-liquidity and Proof-of-Transaction mining campaign started today at 18:00 (GMT+8) following the end of the last ones. The mining activities will last for 14 days until 18:00 (GMT+8) on June 7th with a total reward of over 1.45 million ZKS for participants.
To further improve the user experience and incentivize ZKS holders, this event continues the rules of the previous period of liquidity mining, more mining rewards are given to the pairs with greater trading needs.
In addition, ZKS single token mining still maintains a relatively high annualized return. Users only need to hold ZKS in the L2 wallet to participate in mining (and can participate in the ZKS savings campaign at the same time).
The specific rules of the mining campaign are as follows:
Liquidity Mining (PoL)
Activity reward: about 1.3 million ZKS
Activity time: May 24, 2021, at 18:00-June 7, 2021, at 18:00 GMT+8;
Activity Rules:
After the event is opened, ZKSwap will take a snapshot of the fund pool of Layer 2 at a random time from 18:00 to 18:00 Beijing time on the same day, and calculate the ZKS reward for each LP Token based on the total number of LP Tokens in Layer 2 at the time of the snapshot. The reward amount of the day is updated at 18:00 every day, and the user can manually claim with zero transaction fee;
The address must be manually activated for each mining campaign. After the address is activated, users only need to add liquidity to the Layer 2 liquidity pool to obtain LP Token. Holding LP Token in Layer 2 is regarded as participating in the PoL ;
Single token mining only needs to transfer assets to Layer2 to participate.
Note: The reward distribution time may be delayed due to network congestion.
Transaction Mining (PoT)
Activity reward: about 150,000 ZKS
Activity time: May 24, 2021, at 18:00-June 7, 2021, at 18:00 GMT+8
Activity Rules:
There are 15 mining trading pairs participating in the PoT mining, namely ZKS/ETH, ZKS/USDT, ETH/WBTC, WBTC/USDT, ETH/USDT, WBTC/BBTC, BUSD/USDT, WQTUM/ZKS, OKB/ZKS, GT /ZKS, UNI/ZKS, SUSHI/ZKS, AAVE/ZKS, SHIB/ZKS, AKITA/ZKS. As long as you trade in the corresponding active trading pair, you can get daily rewards.
The specific rewards are shown below:
ZKSwap is a layer2 dex based on the ZK-Rollup technology and using the AMM model, currently live on Ethereum and soon available on BSC, HECO and OKEX Chain. And You can find us here🥰:
ZKSwap Official Website: https://zks.org/en
ZKSwap APP: https://zkswap.app
ZKSwap Forum:https://forum.zks.org
ZKSwap Twitter: https://twitter.com/ZKSwapOfficial
ZKSwap Official Telegram group: https://t.me/zkswapofficial
ZKSwap Discord: https://discord.gg/NfZBKNJuAX
ZKSwap Medium: https://zkswapofficial.medium.com
ZKSwap Github page: https://github.com/l2labs
ZKSwap Reddit: https://www.reddit.com/r/ZKSwap_Official
