Results for ""
ZKsync & LayerZero Airdrop Fever
Published on June 15, 2024
View in Browser

Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

.  .  .
WEEKLY RECAP
ZK & LZ Airdrop Fever

1️⃣ LayerZero Airdrop Next Week?

On Friday, LayerZero appeared to tease its airdrop for next week. Following the teaser, LayerZero’s founder, Brian Pellegrino, outlined the distribution plan, revealing that 23.8% of the total supply will go directly to the community and builders, excluding foundation and growth allocations. On day one, 8.5% of this will be distributed — 5% to core contributors, 3% to requests for proposals (RFP), and 0.5% to the community pool. The majority of the remaining tokens will be given out over the next three years, with retroactive distributions every 12 months. These allocations come after careful filtering for inauthentic users, which has already caused some backlash from the community.

2️⃣ ZKsync Airdrop Claims Live Monday

ZKsync's long-awaited token, ZK, will be available to claim starting Monday. Heavily anticipated for years, ZK will be able to be claimed by over 30% of all Bankless Citizens, with over 5K users completing ZKsync quests in our Airdrop Hunter app. With most of the total ZK supply earmarked for the community, there are a lot of tokens up for claim. Check your eligibility on Bankless Claimables here!

3️⃣ ETH ETFs by End of Summer?

The end of June may be too hopeful for ETH ETF launches, according to Gary Gensler himself. At a Senate Banking Committee hearing on June 13, Gensler said that the SEC is working through S-1 registration statements from eight companies, with approvals expected within months. Despite Gensler not providing a specific timeline, some analysts still predict that ETH ETFs may launch by July. 

4️⃣ Curve Finance Fiasco

Curve Finance founder Michael Egorov got hit with major liquidations this week after borrowing nearly $100M in stablecoins against $140M in CRV, causing CRV’s price to drop 30%. Despite losing over 100M CRV tokens, Egorov stated he is more committed than ever to building Curve, focusing on enhancing the protocol’s lending and borrowing products. His massive liquidation has sparked debate, with some arguing that he just dumped under the guise of liquidations as he got to keep the stables he borrowed. Regardless, some sentiment seems to have shifted for Curve, with Friday marking the biggest locking day for CRV in months, signaling many believe the worst to be over.

5️⃣ EigenLayer Gets Real Competition

Symbiotic, a new restaking protocol backed by Lido's founders, launched Tuesday with stETH-centric vaults on Mellow Finance, the flagship product for the protocol. Within an hour, Mellow’s vaults had accrued over $57M in deposits. In other restaking news, Eigen Labs acquired the Rio Network restaking network to enhance its open, verifiable cloud mission. The restaking wars have begun!


FRIEND & SPONSOR: MANTLE

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

.  .  .
WEEKLY ROLLUP
Unpacking ZKsync's Airdrop

ZK was the talk of crypto this week. It's one of the most-hyped airdrops of the year, and people had thoughts!

Ryan was out this week and Anthony stepped in for a wide-raging rollup conversation with David on all things ZKsync token, Optimism upgrades and Pectra developments.

Listen in! 👇

.  .  .
EARLY ACCESS
New Binance CEO

It's been an insane year for Binance with a record fine, a record BNB pump, and CZ serving time in prison.

We caught up on all things Binance in this interview with the new CEO of Binance, Richard Teng, who talked about what's happened and what's ahead.

Citizens get Early Access to the episode and Ryan & David's exclusive Debrief on the interview 👇

.  .  .
GET CAUGHT UP
What We Published

📰 Articles:

All the Details on ZKsync’s ZK Token Airdrop on Bankless
The ZK token claim checker is live; claims kick off next week.
Is Coinbase or Robinhood Stock the Better Bet? on Bankless
We make the cases for COIN and HOOD.
Top Catalysts for the Top AI Tokens on Bankless
Crypto’s top AI tokens are down bad, but are comebacks ahead?
AI Bots to Guide Your Crypto Trades on Bankless
Will an AI tool bring you your next 100x trade?

📺 Shows:

BitVM: The Holy Grail for Bitcoin? | Creator Robin Linus on Bankless
Is This the Future of Bitcoin?
PREMIUM: Taiko & The Future of Rollups | Justin Drake, Brecht Devos, & Jeff Walsh on Bankless
Is this the rollup endgame?
.  .  .
GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

1
0
No Responses