ZK/ETH Liquidity Pool Maintains High Returns
ZK/ETH Liquidity Pool Maintains High Returns
🤑 LP Rewards Gone Wild
The ZK/ETH liquidity pool continues showing strong performance metrics:
- Current liquidity: $747K
- 24hr fee earnings: $2,600
- Current APY: 128%
This maintains the positive trend from March 13th when the pool generated $2,361 in fees with $760K liquidity at 113% APY.
Note: High APY rates are variable and not guaranteed to continue at these levels.
zkSync Ecosystem Shows Strong Revival with 114% APY Attracting Liquidity Providers
**zkSync is experiencing a significant resurgence** as liquidity providers flock to the platform, drawn by attractive yields. **Key developments:** - ZK token showing renewed strength and momentum - **114% APY** available for liquidity providers - Over **$7 million in liquidity** for USDC-USDT stable pool - Nearly **$1 million** in the ZK-ETH pool **Market response:** The high annual percentage yields are signaling strong demand and confidence returning to the zkSync ecosystem. Liquidity providers are positioning themselves to capitalize on these attractive returns. **Looking ahead:** The momentum appears to be building with zkSync Ignite continuing to drive growth and adoption across the platform. *Consider monitoring zkSync's ecosystem development and liquidity trends for potential opportunities.*
Koi Finance Burns 20% of Total Token Supply Following Governance Vote
Following a successful governance proposal, Koi Finance has executed a significant tokenomics adjustment by burning 20% of its total token supply. The tokens were bridged from zkSync to Ethereum L1 where the burn was completed. The move follows a February proposal that outlined major tokenomics changes including: - Burning up to 20% of supply - Phasing out veKOI rewards - Implementing single-token governance - Shifting focus to long-term growth The burn transaction can be verified on [Etherscan](https://etherscan.io/tx/0x76cce493859f81e4af6a707d9a712f74549e8e093e15b95ba3311576e2e52777)