Restaking: Stake stZENT and Accrue Sophon Points
We heard you like restaking mechanisms, so we are bringing that to $ZENT holders as well.
The time has come. ZENT infusers are invited to leverage the expanded utility of their infused ZENT (stZENT tokens). Beyond accumulating fragments for long-term rewards within the Zentry Vault, stZENT can now be utilized to access exclusive benefits across our partner ecosystems, starting with Sophon.
Sophon is an entertainment-focused modular hyperchain powered by zkSync, designed specifically for high-throughput applications focusing on entertainment, gaming and artificial intelligence. We at Zentry, alongside Beam, have joined forces to help incubate and foster a thriving Sophon ecosystem.
Starting on the 25th of June 2024 at 3PM UTC, stZENT holders will be able to stake their assets to farm Sophon Points (SP), making them eligible for a future $SOPH airdrop.
Why Stake stZENT on Sophon?
Staking stZENT on Sophon grants ZENT infusers access to a Sophon rewards pool. By farming SP, holders become eligible for a future $SOPH airdrop. A total of 10% of the $SOPH supply is allocated for farming rewards: 6% for the farming period on Ethereum and 4% on the Sophon mainnet.
Stake your stZENT here.
Boosters: Enhance Your Earnings
To further increase your Sophon Points, you can activate optional boosters during the deposit transaction or after staking your stZENT tokens. Boosters allow you to permanently allocate any portion or all of your deposited assets to provide liquidity on the Sophon mainnet. This means the allocated assets cannot be withdrawn, but an activated booster can multiply your deposit’s earnings up to 5 times, generating 5 times the original SP. Additional information on Sophon boosters can be found here.
We reiterate that stZENT used to activate boosters are permanently committed and cannot be withdrawn at any time in the future. However, while the Fragments earned from this portion will also be burned, this is temporary and will be returned to the user later. This will be used for providing liquidity on the Sophon mainnet, with specific positions to be announced later.
Will using stZENT affect Earning Fragments?
No. Your stZENT will continue accruing fragments even in the Sophon farm. However, allocating your stZENT to the booster will temporarily cause you to lose a proportional amount in fragments.
Sophon Network and Airdrop
The Sophon network is scheduled to launch in Q3 2024. SP earned during this farming period, along with eligibility for the $SOPH airdrop, will be distributed to eligible participants not before the network’s launch. The distributed tokens may also be subject to a vesting period. For more information regarding the airdrop terms and conditions, please refer to the document here.
About Sophon
Sophon is an entertainment-focused ecosystem built as a modular rollup leveraging zkSync’s Hyperchain technology. Sophon recently raised $10m from Paper Ventures, Maven11, Spartan, SevenX, OKX Ventures and Huobi Ventures.
About Zentry
Zentry is the ‘game of games’ — a real-life MMORPG that unites the world’s three billion gamers into one unified Play Economy. Powered by a full-stack ecosystem of consumer apps, a multiversal IP world, game publishers, and blockchain infrastructure, we pioneer the Metagame Layer that gamifies activities across games, DeFi, social, entertainment, and lifestyle, integrating them into Zentry: the world’s largest shared adventure.
