When I check the address 0xaf08a9d918f16332f22cf8dc9abe9d9e14ddcbc2 for HoldStation, it holds USDC.e, not USDC. However, the Excel sheet indicates an incentive for USDC. Could there be an issue with the address, or is the token name incorrect?
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not an error, Holdstation’s vault is USDC.e (bridged USDC).
On ZKsync Era there is USDC (native USDC) & USDC.e (bridged USDC).
Thank you! My questions were well answered. It makes a lot of sense to start with a relatively small amount of ZK.
But I’m still curious about three things👇
- Reward Distribution Between USDC and ZK
I noticed that in the lending budget, $1 USDC seems to receive a higher reward than $1 ZK.
For example, on Venus, $6M USDC.e is allocated 383k ZK
(0.06392 ZK per $1 USDC.e), while $10.55M ZK is allocated only 575k ZK(0.05453 ZK per $1 ZK).
- What is the rationale behind this allocation strategy?
- Will future Ignite campaigns consider giving ZK a higher incentive weighting?
This is crucial for the community’s decision on whether to buy and hold ZK in the long term.
- Anti-Sybil Protection for Bridging Activities
Is there any mechanism in place to prevent Sybil attacks during the bridge-related incentives? For example, one could repeatedly transfer funds into zkSync Era, withdraw to an exchange, and reload them from the base chain to zkSync Era, incurring minimal costs in the process.
How does the system prevent this kind of behavior and ensure fair distribution of rewards?
- Clarification on the Fund Movement via Wintermute
There has been some discussion around a particular thread: x.com
-
Are the funds in question owned by Ignite or the zkSync team?
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If so, why were they transferred through a centralized exchange (CEX) via Wintermute?
Looking forward to your insights on these points. Thank you again!
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Can I default to using the first month’s APY as a reference for the following nine months, considering that as TVL increases, more ZK will be allocated to maintain balance?
thanks bro i understand
SyncSwap Community Builder mentions
SyncSwap Description also includes ZK-ETH Range
Both classic and Range (V3) are rewarded.
Does Ignite Period 1 Target need an update? Or is syncswap tagging the wrong pool?
Hey, what are the conditions of those bonus rewards?
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Thank you for this last update.
One question since now we see the detailed breakdown: Both in the DEX and lending categories ZK pairs/ deposits are incentivized. ZK in AAVE even has the highest allocation.
This will likely have a positive impact on ZK liquidity, but might also have a negative impact on governance, because people that are delegating now might pool/ deposit and hence delegates will lose voting power.
Is this being measured/ monitored?
If so: Is there a point where this trade off is too extreme and you would react to it?
Proposal:
I would love to see wBTC included in the Ignite program.
Only M-BTC is included as a Bitcoin asset. I have much higher trust owning WBTC than M-BTC.
WBTC is the largest wrapped Bitcoin, so it would make sense to incentivize it.
A easy way to include wBTC would be to incentivize the ZeroLend wBTC lending pool.
Thank you for your consideration.
Should protocols mention boosts in any way or display them on the platform (e.g., a small logo)? I’m asking because Venus Protocol doesn’t seem to show anything, not even the correct APY. Maybe I’m mistaken…
Should protocols mention boosts in any way or display them on the platform (e.g., a small logo)? I’m asking because Venus Protocol doesn’t seem to show anything, not even the correct APY. Maybe I’m mistaken…
Most protocols do mention the ignite rewards on their front end, the ones that don’t are working on getting the Ignite APR’s integrated into their front ends this week
From what you’re seeing, the Venus frontend is showing their personal APR, if it is an ignite pool it is earning Venus APR + Ignite APR = total APR
SyncSwap Community Builder mentions
SyncSwap Description also includesZK-ETH Range
Both classic and Range (V3) are rewarded.
Does Ignite Period 1 Target need an update? Or is syncswap tagging the wrong pool? @Lisanc
It is not tagging the wrong pool; both v2 (aqua) and v3 pools for ETH / ZK are incentivized for Ignite
Hey, what are the conditions of those bonus rewards? @ismailemin
Users must use bridge from Zksync Lite → Zksync Era for layerswap & deposit into an Ignite pool. Users must use Jumper bridge (any chain) → ZKsync Era & deposit into an ignite pool to qualify.
Thank you for this last update. One question since now we see the detailed breakdown: Both in the DEX and lending categories ZK pairs/ deposits are incentivized. ZK in AAVE even has the highest allocation. This will likely have a positive impact on ZK liquidity, but might also have a negative impact on governance, because people that are delegating now might pool/ deposit and hence delegates will lose voting power. Is this being measured/ monitored? If so: Is there a point where this trade off is too extreme and you would react to it? @Benido
This is a good point. As users deposit ZK into pools, they lose their delegation until the ZK returns to their wallets. I will flag this for the association.
Proposal:
I would love to see wBTC included in the Ignite program.
Only M-BTC is included as a Bitcoin asset. I have much higher trust owning WBTC than M-BTC.
WBTC is the largest wrapped Bitcoin, so it would make sense to incentivize it.
A easy way to include wBTC would be to incentivize the ZeroLend wBTC lending pool.
Thank you for your consideration. @zook
wBTC is included in the Ignite program; you have m-BTC:wBTC pools. Will bring up to OBL that users want to see wBTC supported by Ignite on Lending protocols as well.
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After receiving the ZK back, do they have to delegate again or is the old association “restored” and they don’t have to do anything?
After receiving the ZK back, do they have to delegate again or is the old association “restored” and they don’t have to do anything?
The delegation is based on the wallet address, so when the ZK goes back to the wallet the original delegation is re-applied, whether the amount of ZK in wallet has stayed the same, increased or decreased.
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Just some quick numbers after more or less one week of the program based on this → Name of delegate (ZK delegated on January 1st | ZK delegated today
- Syncswap: 137M | 97M (-40M)
- L2beat: 96M | 87M (-9M)
- StableLab-ZKSync: 62M | 62M (+/-0)
- PGov: 57M | 57M (+/-0)
- Baki Er: 61M | 54M (-7M)
I just voted for GAP-1 and noticed my ZK delegated were down (though tbh I have no perfect idea where they were on Jan 1st, but gut feeling is >2M and now 1.5M), so I checked the top5 and they are either down (significantly in the case of Syncswap, but that might have different reasons) or stable. Obviously the recent down trend after a nice rallye might have led to some selling and hence undelegating, so it’s not necessarily Ignite related.
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Where can we find a list of assets whitelisted to receive rewards under the Ignite program and those shortlisted for upcoming periods?
As some of the DeFi protocols receiving rewards have longer governance processes for onboarding assets it would be helpful to receive some communication in advance on what assets will be targeted by Ignite, this helps ensure ZKsync benefits from the maximum growth possible per token of incentive spend.
Thank you Golem for including a WBTC Lending protocol in Period 2. I made this request earlier and was glad to see that the OBL chose to include it. I am happy to see that my request was heard.
I’m enjoying the Ignite program so far. 
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Thank you Golem for including a WBTC Lending protocol in Period 2. I made this request earlier and was glad to see that the OBL chose to include it. I am happy to see that my request was heard. I’m enjoying the Ignite program so far.
Thank you for your kind words, we appreciate it! Note: This was not my decision, this was OBL + DSC’s decision to add wBTC but due to yourself + other users bringing it to their attention it helped them implement it.
Where can we find a list of assets whitelisted to receive rewards under the Ignite program and those shortlisted for upcoming periods? @ACI
There is no list of “shortlisted” assets for inclusion. The list of whitelisted assets is announced in posts like this before the new period goes live via OBL. DeFi protocols can reach out to OBL + Merkl + myself to bring up new assets they would like to see.
Just some quick numbers after more or less one week of the program based on this → Name of delegate (ZK delegated on January 1st | ZK delegated today… @Benido
The team is aware of the situation, last we checked ~160m ZK delegation had been removed since the start of the program. The team is watching this closely and will make adjustments as needed.
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It provides at least some value for the token; it’s better to earn 5-6% annually than to have the token just sit in the wallet without bringing any value.