๐ Exploring ZeroLend (ZERO) - Decentralized Lending on zkSync and Manta Network ๐
๐ Let's dive into key features and potential of #ZERO in this captivating thread! ๐งต๐
1๏ธโฃ Introduction and Overview: ZeroLend is a decentralized lending platform built on zkSync and Manta Network, featuring a unique lending and borrowing system across various assets and blockchain networks. Governance is conducted through its native token, ZERO.
2๏ธโฃ Technology and Features: ZeroLend leverages zkSync and Manta Network, offering gas-less transactions, $ONEZ stablecoin, governance ($ZERO), and plans for Real-World Assets and a Privacy Layer using zkStack.
3๏ธโฃ Whitepaper Analysis: ZeroLend is the largest lending market on L2sโLinea, zkSync, Manta, Blast, and X Layerโwith a focus on liquid restaking tokens (LRTs) lending, governance, real-world assets (RWAs) lending, and account abstraction.
4๏ธโฃ Use Case: $ZERO serves utility and governance functions, allowing participation in staking, earning incentives, and accumulating transaction fees and validator rewards.
5๏ธโฃ Team and Leadership: Founded by Ryker, ZeroLend boasts a skilled team in business development, development, marketing, and customer service.
6๏ธโฃ Partnerships: Securing partnerships with prominent VCs like Momentum , Blockchain Founders Fund, and others, ZeroLend is well-positioned for growth.
7๏ธโฃ Security and Audits: Independently audited, ZeroLend ensures the safety of user funds with battle-tested smart contracts inherited from Aave V3. The ZeroLend team has further taken steps to secure the protocol by conducting external audits with reputed third-party auditors Mundus.dev and Peckshield.
8๏ธโฃ Tokenomics: With a total supply of 100 billion and a gradual release over 100 years, ZERO tokenomics are designed for scarcity, with emissions halving every 12 months.
9๏ธโฃ Exchanges: ZERO tokens are tradable on major exchanges like Kucoin, HTX, OKX, Gate.io, and Bybit, providing liquidity and accessibility.
๐ Recent Developments: ZeroLend's native governance token ZERO is launched in 2024, following a successful Seed Round closure, securing 3 million USD at a 25 million valuation.
1๏ธโฃ1๏ธโฃ Conclusion: ZeroLend (ZERO) presents a promising DeFi solution with robust technology, a strong team, significant partnerships, and planned token launch, poised for future growth.
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