ZkSwap Finance

ZkSwap Finance has partnered with SpaceFi, a DeFi hub on zkSync Era & Scroll. The partnership includes the live launch of the SPACE-ETH pool on zkSwap Farm. Additionally, $yZF holders can stake and earn $xSPACE as part of the collaboration.

There will be an upcoming Syrup Pool that will provide bonuses to staked $ZF holders and also bring a partnership that strengthens the zkSync ecosystem. This is exciting news for yZF holders.

The DAO proposal for a second audit of the Swap Router has been accepted with a 99.68% vote in favor. The team is in discussions with reputable auditors to begin the audit process promptly. This prioritizes security in the ZkSwap Finance community.

Velocore Token (VC/ETH) and Reactor Fusion Token (RF/ETH) pools are officially live. They offer high APR with no deposit or withdrawal fees and no lock-in period. The pools started on November 27th, 14:00 UTC.

ZkSwap Finance plans to start negotiating with top Centralized Exchanges (CEXs) once their ZF MKC reaches 10M. The listing fee for a CEX can range from $50k to $500k, depending on factors such as the CEX tier, project popularity, and number of holders. The ZF tokens from the treasury will be voted to be unlocked for the listing fee. At a ZF MKC of 10M, liquidity is expected to be around $2M-$3M, making the listing fee manageable. The benefits of CEX listing are considered to be substantial.

ZkSwap Finance will be launching a Zap feature on their decentralized exchange (DEX) this week. The feature, leveraging technology and liquidity sources from partner Odos, aims to provide liquidity providers with a seamless user experience.

ZkSwap Finance has made significant progress in their development. The new UI for zkBridge is now live, attracting three times more bridging users. Additionally, zkFlow Wallet Management has increased its capacity from 3 to 20 wallets. These updates aim to improve user experience and provide better functionality.

ZkSwap Finance has noticed that some liquidity providers forgot to stake LP tokens to farming pools after adding liquidity. By staking LP tokens, liquidity providers can enjoy higher Annual Percentage Rates (APRs). For example, with the ETH-USDC pair, the APR for not depositing LP tokens is 38%, while it is 108% for deposited LP tokens. Liquidity providers are advised to stake their LP tokens to maximize their returns.

ZkSwap Finance will be listing MUTE & SPACE tokens on their exchange. The new farming pools for MUTE/ETH & SPACE/ETH will be available starting tomorrow at 14:00 UTC.

ZkSwap Finance has made several improvements to their user interface (UI) to enhance the user experience. Some of the changes include displaying zkPoint and estimated ZF Swap2Earn before swapping, providing more information in the wallet info section (such as Boost and Ranking), improving the transaction receipt design, and introducing a 15-day average APY. These UI updates aim to bring a revolution in the user experience.