zkLend is stepping up its game in the DeFi space, and we’re thrilled to invite you along for the ride with the rollout of the first native DeFi token on Starknet. $ZEND marks a milestone in placing more power directly in the hands of its community to rapidly decentralise via governance of the protocol. Additionally,$ZEND will unlock new utilities within zkLend’s ecosystem, from staking to secure the protocol’s safety module, beta testing on product launches, to forging meaningful connections with our community.
For $ZEND Airdrop SZN 1, we’re distributing 3,890,250 ZEND tokens (approx. 4% of our total supply) to 42,695 of our early supporters who have been with us from our Mainnet Alpha days through to our current mainnet token liftoff.
Head over to https://app.zklend.com/airdrop to verify your eligibility. Claims will open on March 14, 2024, at a time to be updated. 25% of the airdrop claims will be unlocked immediately on March 14, with the remainder to be linearly vested over the course of 90 days, ending on June 12, 2024.
To ensure fair distribution and integrity of the program, here’s how we’re determining the 8 eligibility categories listed. Users who meet any one of the first 7 will receive an airdrop, with the 8th and final criteria serving as a community bonus.
What’s Next?
Without revealing too much, we’re expecting double digit rewards up for grabs with $ZEND, in another lift off similar to our cosmic STRK: STARFALL campaign which captured STRK deposits and boosted our TVL to new atmospheric highs. We’re expecting nothing less for the historic launch of $ZEND.
Therefore, users who are eligible and hold $ZEND will be able to deposit the token back into the protocol to secure its safety module from next week onwards, as well as earn launch worthy rewards. More perks and details will be announced shortly.
The ZEND Airdrop journey is just beginning with SZN 1. It’s crucial to note that over 35% of zkLend’s tokenomics are dedicated to rewards allocation, which includes future airdrops among other incentives. This initial airdrop underscores our appreciation for active participation, community engagement, and a shared vision for the future of DeFi. SZN 2 will not only bring another exciting airdrop but also align with the launch of key product features pivotal to our transition into modularity, including isolated markets, vault strategies, and the transaction builder.
The countdown to SZN 2 has already begun. Stay alert for upcoming announcements and get ready to be an integral part of zkLend’s continued evolution on our socials. Our dedication to rewarding our community and contributors is unwavering. We’re grateful for your support as we embark on this journey together.
