Facing diminishing returns, ZKsync has decided to discontinue its Ignite DeFi rewards program, effective immediately
- ZKsync ends Ignite program: Rewards stop March 17, citing diminishing returns on TVL
- ZKsync shifts focus to Elastic Network, prioritizing long-term over short-term incentives
- Remaining Ignite rewards will be distributed; service contracts end by March 30, 2025
ZKsync is pulling the plug on its Ignite DeFi program. The initiative, designed to boost liquidity and user activity on the ZKsync network, will end on March 17, 2025. In an announcement, the team behind the initiative said its DeFi Steering Committee (DSC) has decided to discontinue the program and turn off rewards for period 6.
ZKsync Ignite Program Update
— ZKsync Ignite (@ZKsyncIgnite) March 13, 2025
After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards for period 6
Here's why:
ZKsync Ignite Program Ending: Diminishing Returns
Why the sudden change? The team pointed to several reasons, primarily its desire to concentrate on its long-term vision of focusing on the Elastic Network. According to the ZKsync Ignite team, the move is about channeling its resources…
The post Facing diminishing returns, ZKsync has decided to discontinue its Ignite DeFi rewards program, effective immediately appeared first on Coin Edition.
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Facing diminishing returns, ZKsync has decided to discontinue its Ignite DeFi rewards program, effective immediately
- ZKsync ends Ignite program: Rewards stop March 17, citing diminishing returns on TVL
- ZKsync shifts focus to Elastic Network, prioritizing long-term over short-term incentives
- Remaining Ignite rewards will be distributed; service contracts end by March 30, 2025
ZKsync is pulling the plug on its Ignite DeFi program. The initiative, designed to boost liquidity and user activity on the ZKsync network, will end on March 17, 2025. In an announcement, the team behind the initiative said its DeFi Steering Committee (DSC) has decided to discontinue the program and turn off rewards for period 6.
ZKsync Ignite Program Update
— ZKsync Ignite (@ZKsyncIgnite) March 13, 2025
After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards for period 6
Here's why:
ZKsync Ignite Program Ending: Diminishing Returns
Why the sudden change? The team pointed to several reasons, primarily its desire to concentrate on its long-term vision of focusing on the Elastic Network. According to the ZKsync Ignite team, the move is about channeling its resources…
The post Facing diminishing returns, ZKsync has decided to discontinue its Ignite DeFi rewards program, effective immediately appeared first on Coin Edition.
Read More
Stablecoin Sinks to $0.68: sUSD Loses Its Peg, Sparks Fears of SNX Death Spiral?