ZKSwap March 17 Briefings and Q&A

ZKBase
2 min readMar 17, 2021

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March 17

Before today’s newsletter, we’d like to apologize for the delayed newsletter from yesterday.

If you are interested in following up on our daily community Q&As and a short operational summary of ZKSwap on March 16, please click here and give it a good read!

Daily Operational Newsletter from ZKSwap Team

Today’s ZKSwap status: As of 17:00 GMT on March 17, 2021

  • TVL $1023 million
  • Liquidity $896 Million
  • Transaction 19928 (24 hrs transactions)

We are thrilled to announce that our TVL hit $1billion today, it’s overwhelmingly inspiring considering the project is just about a month old! We’d like to take this opportunity to thank you all for the support and interest.

In the meantime, we have also completed mainnet node upgrade and are fully ready for Ethereum’s Berlin Hard Fork. And the 100% ZK-Rollup will be released on March 22nd, at 6 am (GMT).

Quite some news to digest, and if you’d like to do a bit more reading, please check our latest articles in which our team will take you through the Layer2 landscape with technical analysis and our thoughts:

https://zkswapofficial.medium.com/layer2-dissection-how-can-arbitrum-improve-optimistic-df29cba6dc7c

Q&A of the Day

I have 50 ZKS ERC20 in my wallet, but why can’t I see it on zks.app?

You cannot see it until you deposit the tokens on the website.

Why didn’t I get my proof-of-gas mining rewards?

This will depend on if the gas is used or not. Please find more information about mining through the tutorial on zks.app.

Are rewards from PoS locked or is there a way to claim like in PoL?

No, once the tokens are locked, they will be locked for the duration of the pool they are in.

What are the differences and advantages of ZKSwap compared to other SWAPs?

You may find some answers about our unique features here:

https://medium.com/zkswap/layer2-security-and-efficiency-a-technical-overview-of-different-layer2-scalability-solutions-48198a518120

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ZKBase
ZKBase

Written by ZKBase

ZKBase (https://zks.org) is an all-in-one layer2 platform, featuring ZKSwap-DEX, ZKSea-NFT, ZKSquare-payment and ZNS-DID.

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