ZeroLend — The leading lending market on zkSync and MantaNetwork
Krypital Group announced the completion of its Seed investment in Zerolend
About Zerolend
ZeroLend operates as a decentralized lending protocol leveraging L2 solutions such as zkSync and Manta Network. This innovative framework enables faster transactions, lower fees, and enhanced scalability when contrasted with conventional Ethereum-based protocols. Similar to other lending platforms, ZeroLend facilitates users to deposit various cryptocurrencies (e.g., ETH, USDC) and earn interest on their assets. Borrowers gain access to these funds by paying an interest rate, fostering a dynamic marketplace for financial transactions.
The ZeroLend Ecosystem
- DeFi Lending (Live): A decentralized, non-custodial liquidity protocol enabling users to participate as liquidity providers or borrowers within the zkSync Ecosystem. ZeroLend also aims to provide lending&borrowing on various supported assets across multiple chains. Powered by LayerZero.
- $ONEZ — the yield-bearing Stablecoin: ZeroLend has its own stablecoin that is designed to capture the native yield from the lending protocol and has self loan repaying capability. Users can also mint $ONEZ and participate in DeFi within the zkSync ecosystem. T
- ZeroLend Governance ($ZERO): A governance system for governing the ZeroLend Protocol, enabled by the $ZERO token.
- Account Abstraction (Live): This feature allows for gas-less transactions, social logins, delegated transactions, etc.
- Support for Real-World Assets (Q2 2024): Real World Assets (RWA) is a trillion-dollar market. ZeroLend is at the forefront of integrating these assets into our lending protocol.
- Privacy Layer using zkStack (Q4 2024): With compliance with regulations (such as KYC), users can lend/borrow assets using zk proofs and keep their transactions private.
Why Zerolend
- High Yields: Due to its L2 integration and efficient design, ZeroLend often offers competitive interest rates for lenders.
- Low Fees: Transaction fees on ZeroLend are significantly lower compared to traditional Ethereum-based protocols.
- Fast Transactions: L2 technology empowers ZeroLend with near-instantaneous transactions, improving user experience.
- Community Driven: The $ZERO token grants holders voting rights on protocol governance, fostering a community-driven approach.
$ZERO token
- Staking: ZERO token holders will have the option to stake their tokens on the protocol. That way, they will be rewarded with additional tokens as a reward for their participation.
- Fees & validator rewards: ZERO tokens will be used to accumulate transaction fees and pay fees to validators of ZeroLend Hyperchain.
- Incentive programs: The protocol will conduct various programs to encourage users to actively participate in the platform.
About Krypital Group
Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator with active arms in North America, Asia and Latin America. Vested in a complete blockchain ecosystem, the company has specific investment funds for both primary and secondary markets, as well as providing end-to-end services such as project incubation, brand management and technical advisory. To date, Krypital Group has invested and incubated more than 100 projects so far.
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